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Debt (Tables) | 9 Months Ended
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Sep. 30, 2017
Notes and Loans Payable [Abstract] |
Schedule of Outstanding Debt | As of September 30, 2017 and December 31, 2016, the Company had the following mortgages payable outstanding:
| September 30, 2017 |  | December 31, 2016
Mortgages payable (a) | $ | 370,029 |  |  | $ | 374,796 |
Premium, net of accumulated amortization | 538 |  |  | — |
Discount, net of accumulated amortization | (204 | ) |  | (317 | )
Debt issuance costs, net of accumulated amortization | (1,704 | ) |  | (1,772 | )
Total mortgages payable, net | $ | 368,659 |  |  | $ | 372,707 |
(a) | Mortgages payable had fixed interest rates (for both conforming loans and loans in default) ranging from 3.49% to 10.45%, with a weighted average interest rate of 5.11% as of September 30, 2017, and 3.49% to 11.24%, with a weighted average interest rate of 4.85%, as of December 31, 2016.
As of September 30, 2017 and December 31, 2016, the Company had the following borrowings outstanding under its term loan credit facility:
| September 30, 2017 |  | December 31, 2016 |  |
| Aggregate Principal Balance |  | Interest Rate |  | Aggregate Principal Balance |  | Interest Rate |  | Maturity Date
5 year - swapped to fixed rate (a) | $ | 90,000 |  |  | 1.3510% |  | $ | 90,000 |  |  | 1.3510% |  | 1/15/2021
5 year - swapped to fixed rate (b) | 60,000 |  |  | 1.3525% |  | 60,000 |  |  | 1.3525% |  | 1/15/2021
5 year - variable rate (c) | 50,000 |  |  | 2.5372% |  | 50,000 |  |  | 1.9167% |  | 1/15/2021
7 year - variable rate (d) | 100,000 |  |  | 2.8372% |  | 100,000 |  |  | 2.2167% |  | 11/5/2022
Total unsecured term loans | 300,000 |  |  |  |  | 300,000 |  |  |  |  |
Issuance costs, net of accumulated amortization | (1,704 | ) |  |  |  | (2,044 | ) |  |  |  |
| $ | 298,296 |  |  |  |  | $ | 297,956 |  |  |  |  |
(a) | The Company swapped $90,000 of variable rate debt at an interest rate of 1-Month LIBOR plus 1.3% to a fixed rate of 1.3510%. The swap has an effective date of December 10, 2015, a termination date of December 1, 2019, and a notional amount of $90,000.
(b) | The Company swapped $60,000 of variable rate debt at an interest rate of 1-Month LIBOR plus 1.3% to a fixed rate of 1.3525%. The swap has an effective date of December 10, 2015, a termination date of December 1, 2019, and a notional amount of $60,000.
(c) | Interest rate reflects 1-Month LIBOR plus 1.3% as of September 30, 2017 and December 31, 2016.
(d) | Interest rate reflects 1-Month LIBOR plus 1.6% as of September 30, 2017 and December 31, 2016.
Schedule Of Maturities For Outstanding Mortgage Indebtedness | The following table shows the scheduled maturities of the Company's mortgages payable as of September 30, 2017, for the remainder of 2017, each of the next four years, and thereafter.
| Maturities during the year ending December 31, |  |  |  |
| 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | Thereafter |  | Total
Mortgages payable | $ | 43,187 |  |  | $ | 59,575 |  |  | $ | — |  |  | $ | 41,000 |  |  | $ | 12,894 |  |  | $ | 213,373 |  |  | $ | 370,029 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the terms and amounts of participation in loan arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=29639217&loc=d3e10013-112621 + Details
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