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Debt | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Debt | Debt The Company had the following mortgages and notes payable outstanding as of June 30, 2020 and December 31, 2019:
| June 30, 2020 |  | December 31, 2019
Mortgages and notes payable | $ | 377,070 |  |  | $ | 393,872 |
Unamortized debt issuance costs | (3,389) |  |  | (3,600) |
| $ | 373,681 |  |  | $ | 390,272 |
Interest rates, including imputed rates on mortgages and notes payable, ranged from 3.5% to 6.5%, respectively, at June 30, 2020 and December 31, 2019, and all mortgages and notes payables mature between 2020 and 2036 as of June 30, 2020. The weighted-average interest rate was 4.5% at each of June 30, 2020 and December 31, 2019. As of June 30, 2020, the Company had two non-recourse mortgage loans that were in default with an outstanding aggregate principal balance of $50,525. Each mortgage loan is secured by a vacant office property (Overland Park, Kansas and Boca Raton, Florida). The Company had the following senior notes outstanding as of June 30, 2020 and December 31, 2019:
Issue Date |  | June 30, 2020 |  | December 31, 2019 |  | Interest Rate |  | Maturity Date |  | Issue Price
May 2014 |  | $ | 250,000 |  |  | $ | 250,000 |  |  | 4.40 | % |  | June 2024 |  | 99.883 | %
June 2013 |  | 250,000 |  |  | 250,000 |  |  | 4.25 | % |  | June 2023 |  | 99.026 | %
|  | 500,000 |  |  | 500,000 |  |  |  |  |  |  |
Unamortized debt discount |  | (826) |  |  | (963) |  |  |  |  |  |  |
Unamortized debt issuance cost |  | (1,886) |  |  | (2,167) |  |  |  |  |  |  |
|  | $ | 497,288 |  |  | $ | 496,870 |  |  |  |  |  |  |
Each series of the senior notes is unsecured and requires payment of interest semi-annually in arrears. The Company may redeem the notes at its option at any time prior to maturity in whole or in part by paying the principal amount of the notes being redeemed plus a premium. The Company has an unsecured credit agreement with KeyBank National Association, as agent. A summary of the significant terms, as of June 30, 2020, is as follows:
| Maturity Date |  | Current Interest Rate
$600,000 Revolving Credit Facility(1) | February 2023 |  | LIBOR + 0.90%
$300,000 Term Loan(2) | January 2025 |  | LIBOR + 1.00%
(1) Maturity date of the revolving credit facility can be extended to February 2024 at the Company's option. The interest rate ranges from LIBOR plus 0.775% to 1.45%. At June 30, 2020, the Company had $40,000 borrowings outstanding and availability of $560,000, subject to covenant compliance. (2) The LIBOR portion of the interest rate was swapped to obtain a current fixed rate of 2.732% per annum. The aggregate unamortized debt issuance costs for the term loan was $2,309 and $2,561 as of June 30, 2020 and December 31, 2019, respectively. The Company was compliant with all applicable financial covenants contained in its corporate-level debt agreements at June 30, 2020. During 2007, the Company issued $200,000 original principal amount of Trust Preferred Securities. The Trust Preferred Securities, which are classified as debt, are due in 2037, are open for redemption at the Company's option, bore interest at a fixed rate of 6.804% through April 2017 and bear interest at a variable rate of three month LIBOR plus 170 basis points through maturity. The interest rate at June 30, 2020 was 2.460%. As of June 30, 2020 and December 31, 2019, there was $129,120 original principal amount of Trust Preferred Securities outstanding and $1,675 and $1,724, respectively, of unamortized debt issuance costs. Capitalized interest recorded during the six months ended June 30, 2020 and 2019 was $648 and $52, respectively.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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