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v3.20.1

Debt, Net (Details) |  | 3 Months Ended |
--- | --- | --- | ---
Mar. 06, 2020 USD ($) | Mar. 31, 2020 USD ($) extension | Dec. 31, 2019 USD ($)
Debt |  |  |
Carrying Value |  | $ 2,076,839,000 | $ 1,831,139,000
Mortgage and other secured debt |  |  |
Debt |  |  |
Carrying Value |  | $ 242,584,000 | 211,485,000
Line of Credit | Revolving Credit Facility |  |  |
Debt |  |  |
Number of extensions | extension |  | 2 |
Extension option period (in years) |  | 6 months |
Line of credit facility, extension fee percentage |  | 0.075% |
Loans payable |  |  |
Debt |  |  |
Deferred financing costs, net |  | $ 6,600,000 | 5,800,000
Fixed rate mortgage debt | Mortgage and other secured debt |  |  |
Debt |  |  |
Carrying Value |  | 142,581,000 | 143,430,000
Unamortized premium included in carrying value |  | $ 202,000 | 217,000
Weighted average interest rate (as a percent) |  | 4.16% |
Fixed rate mortgage debt | Mortgage and other secured debt | Minimum |  |  |
Debt |  |  |
Interest rate (as a percent) |  | 3.82% |
Fixed rate mortgage debt | Mortgage and other secured debt | Maximum |  |  |
Debt |  |  |
Interest rate (as a percent) |  | 4.62% |
Variable-rate secured debt | Mortgage and other secured debt |  |  |
Debt |  |  |
Carrying Value |  | $ 100,003,000 | 68,055,000
Weighted average interest rate (as a percent) |  | 3.77% |
Variable-rate secured debt | Mortgage and other secured debt | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) |  | 1.45% |
Variable-rate secured debt | Mortgage and other secured debt | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) |  | 2.35% |
Construction Loan | Mortgage and other secured debt | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Remaining borrowing capacity |  | $ 55,900,000 |
Revolving Credit Facility |  |  |
Debt |  |  |
Carrying Value |  | $ 242,000,000 | 177,000,000
Weighted average interest rate (as a percent) |  | 1.74% |
Aggregate additional borrowing capacity available |  | $ 500,000,000.0 |
Revolving Credit Facility | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) |  | 0.775% |
Revolving Credit Facility | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) |  | 1.45% |
Term Loan Facility |  |  |
Debt |  |  |
Carrying Value |  | $ 397,863,000 | 248,706,000
Interest rate (as a percent) |  | 2.37% |
Loan increase | $ 150,000,000.0 |  |
Term Loan Facility | Minimum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) |  | 1.00% |
Term Loan Facility | Maximum | London Interbank Offered Rate (LIBOR) |  |  |
Debt |  |  |
Variable rate, spread (as a percent) |  | 1.65% |
3.60%, $350,000 aggregate principal | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value |  | $ 348,544,000 | 348,431,000
Debt instrument, face amount |  | $ 350,000,000 |
Interest rate (as a percent) |  | 3.60% |
Unamortized discount included in carrying value |  | $ 1,000,000.0 | 1,100,000
Effective interest rate on debt (as a percent) |  | 3.70% |
5.25%, $250,000 aggregate principal | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value |  | $ 247,785,000 | 247,652,000
Debt instrument, face amount |  | $ 250,000,000 |
Interest rate (as a percent) |  | 5.25% |
Unamortized discount included in carrying value |  | $ 2,000,000.0 | 2,100,000
Effective interest rate on debt (as a percent) |  | 5.49% |
3.70%, $300,000 aggregate principal | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value |  | $ 299,454,000 | 299,324,000
Debt instrument, face amount |  | $ 300,000,000 |
Interest rate (as a percent) |  | 3.70% |
Unamortized discount included in carrying value |  | $ 429,000 | 534,000
Effective interest rate on debt (as a percent) |  | 3.85% |
5.00%, $300,000 aggregate principal | Unsecured senior notes |  |  |
Debt |  |  |
Carrying Value |  | $ 297,605,000 | 297,503,000
Debt instrument, face amount |  | $ 300,000,000 |
Interest rate (as a percent) |  | 5.00% |
Unamortized discount included in carrying value |  | $ 2,000,000.0 | 2,100,000
Effective interest rate on debt (as a percent) |  | 5.15% |
Unsecured note payable |  |  |
Debt |  |  |
Carrying Value |  | $ 1,004,000 | 1,038,000
Interest rate (as a percent) |  | 0.00% |
Unamortized discount included in carrying value |  | $ 207,000 | $ 223,000

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