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Mortgages and Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Consolidated Mortgages and Notes Payable | Our mortgages and notes payable consisted of the following:
| December 31,
| 2022 |  | 2021
Secured indebtedness (1): |  |  |
4.27% (3.61% effective rate) mortgage loan due 2028 (2) | $ | 113,105 |  |  | $ | 115,731 |
4.00% mortgage loan due 2029 | 89,204 |  |  | 91,318 |
3.61% (3.19% effective rate) mortgage loan due 2029 (3) | 84,666 |  |  | 84,973 |
3.40% (3.50% effective rate) mortgage loan due 2033 (4) | 69,473 |  |  | 69,422 |
4.60% (3.73% effective rate) mortgage loan due 2037 (5) | 127,540 |  |  | 130,498 |
| 483,988 |  |  | 491,942 |
Unsecured indebtedness: |  |  |
3.625% (3.752% effective rate) notes due 2023 (6) | — |  |  | 249,726 |
3.875% (4.038% effective rate) notes due 2027 (7) | 298,334 |  |  | 297,934 |
4.125% (4.271% effective rate) notes due 2028 (8) | 347,863 |  |  | 347,449 |
4.200% (4.234% effective rate) notes due 2029 (9) | 349,386 |  |  | 349,288 |
3.050% (3.079% effective rate) notes due 2030 (10) | 399,302 |  |  | 399,204 |
2.600% (2.645% effective rate) notes due 2031 (11) | 398,735 |  |  | 398,579 |
Variable rate term loan due 2026 (12) | 200,000 |  |  | 200,000 |
Variable rate term loan due 2027 (12) | 150,000 |  |  | — |
Variable rate term loan due 2024 (12) | 200,000 |  |  | — |
Revolving credit facility due 2025 (13) | 386,000 |  |  | 70,000 |
| 2,729,620 |  |  | 2,312,180 |
Less-unamortized debt issuance costs | (16,393) |  |  | (15,207) |
Total mortgages and notes payable, net | $ | 3,197,215 |  |  | $ | 2,788,915 |
__________ (1)Our secured mortgage loans were collateralized by real estate assets with an undepreciated book value of $747.4 million as of December 31, 2022. We paid down $6.4 million of secured loan balances through principal amortization during 2022. (2)Net of unamortized fair market value premium of $3.3 million and $3.9 million as of December 31, 2022 and 2021, respectively. (3)Net of unamortized fair market value premium of $2.0 million and $2.3 million as of December 31, 2022 and 2021, respectively. (4)Net of unamortized fair market value discount of $0.5 million and $0.6 million as of December 31, 2022 and 2021, respectively. (5)Net of unamortized fair market value premium of $9.3 million and $10.0 million as of December 31, 2022 and 2021, respectively. (6)Net of unamortized original issuance discount of $0.3 million as of December 31, 2021. This debt was repaid in 2022. (7)Net of unamortized original issuance discount of $1.7 million and $2.1 million as of December 31, 2022 and 2021, respectively. (8)Net of unamortized original issuance discount of $2.1 million and $2.6 million as of December 31, 2022 and 2021, respectively. (9)Net of unamortized original issuance discount of $0.6 million and $0.7 million as of December 31, 2022 and 2021, respectively. (10)Net of unamortized original issuance discount of $0.7 million and $0.8 million as of December 31, 2022 and 2021, respectively. (11)Net of unamortized original issuance discount of $1.3 million and $1.4 million as of December 31, 2022 and 2021, respectively. (12)The interest rate was 5.34% as of December 31, 2022. (13)The interest rate was 5.24% as of December 31, 2022.
Schedule of Long-term Debt Instruments | The following table sets forth scheduled future principal payments, including amortization, due on our mortgages and notes payable as of December 31, 2022:
Years Ending December 31, |  | Amount
2023 |  | $ | 7,069 |
2024 |  | 207,365 |
2025 |  | 393,176 |
2026 |  | 206,911 |
2027 |  | 458,929 |
Thereafter |  | 1,940,158 |
Less-unamortized debt issuance costs |  | (16,393) |
|  | $ | 3,197,215 |

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