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Debt (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Schedule of Debt | As of December 31, 2017 and 2016, the Company had the following mortgages payable outstanding:
| December 31, 2017 |  | December 31, 2016
Mortgages payable (a) | $ | 370,804 |  |  | $ | 374,796 |
Premium, net of accumulated amortization | 478 |  |  | — |
Discount, net of accumulated amortization | (195 | ) |  | (317 | )
Debt issuance costs, net of accumulated amortization | (1,611 | ) |  | (1,772 | )
Total mortgages payable, net | $ | 369,476 |  |  | $ | 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 5.13% as of December 31, 2017, and 3.49% to 11.24%, with a weighted average interest rate of 4.85%, as of December 31, 2016.
As of December 31, 2017 and 2016, the Company had the following borrowings outstanding under its term loan credit facility:
| December 31, 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 |  |  | 2.6510% |  | $ | 90,000 |  |  | 2.6510% |  | 1/15/2021
5 year - swapped to fixed rate (b) | 60,000 |  |  | 2.6525% |  | 60,000 |  |  | 2.6525% |  | 1/15/2021
5 year - variable rate (c) | 50,000 |  |  | 2.6607% |  | 50,000 |  |  | 1.9167% |  | 1/15/2021
7 year - variable rate (d) | 100,000 |  |  | 2.9607% |  | 100,000 |  |  | 2.2167% |  | 11/5/2022
Total unsecured term loans | 300,000 |  |  |  |  | 300,000 |  |  |  |  |
Issuance costs, net of accumulated amortization | (1,615 | ) |  |  |  | (2,044 | ) |  |  |  |
| $ | 298,385 |  |  |  |  | $ | 297,956 |  |  |  |  |
(a) | The Company swapped the $90,000 of variable rate debt at an interest rate of 1-Month LIBOR plus 1.3% to a fixed rate of 2.6510%. 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 2.6525%. 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 December 31, 2017 and 2016.
(d) | Interest rate reflects 1-Month LIBOR plus 1.6% as of December 31, 2017 and 2016.
Schedule Of Maturities For Outstanding Mortgage Indebtedness | As of December 31, 2017, scheduled maturities for the Company's outstanding mortgage indebtedness occur through June 2037, were as follows:
| Maturities during the year ending December 31, |  |  |  |
| 2018 (a) |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Thereafter |  | Total
Mortgages payable | $ | 103,905 |  |  | $ | — |  |  | $ | 41,000 |  |  | $ | 12,828 |  |  | $ | 68,260 |  |  | $ | 144,811 |  |  | $ | 370,804 |
(a) | Mortgages payable in 2018 includes two loans in default with an aggregate carrying value of $44,330, both of which matured during the year ended December 31, 2017.

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