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Debt (Tables) | 9 Months Ended
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Sep. 30, 2018
Notes and Loans Payable [Abstract] |
Schedule of Outstanding Debt | As of September 30, 2018 and December 31, 2017, the Company had the following mortgages payable outstanding:
| September 30, 2018 |  | December 31, 2017
Mortgages payable (a) | $ | 240,351 |  |  | $ | 370,804 |
Premium, net of accumulated amortization | 299 |  |  | 478 |
Discount, net of accumulated amortization | (167 | ) |  | (195 | )
Debt issuance costs, net of accumulated amortization | (1,219 | ) |  | (1,611 | )
Total mortgages payable, net | $ | 239,264 |  |  | $ | 369,476 |
(a) | Mortgages payable had fixed interest rates (for both conforming loans and loans in default) ranging from 3.49% to 5.49%, with a weighted average interest rate of 4.37% as of September 30, 2018, and 3.49% to 10.45% with a weighted average interest rate of 5.13%, as of December 31, 2017.
As of September 30, 2018 and December 31, 2017, the Company had the following borrowings outstanding under its term loan credit facility and line of credit:
| September 30, 2018 |  | December 31, 2017 |  |
| 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% |  | January 15, 2021
5 year - swapped to fixed rate (b) | 60,000 |  |  | 2.6525% |  | 60,000 |  |  | 2.6525% |  | January 15, 2021
5 year - variable rate (c) | 50,000 |  |  | 3.4038% |  | 50,000 |  |  | 2.6607% |  | January 15, 2021
7 year - variable rate (d) | 100,000 |  |  | 3.7038% |  | 100,000 |  |  | 2.9607% |  | November 5, 2022
Total unsecured term loans | 300,000 |  |  |  |  | 300,000 |  |  |  |  |
Issuance costs, net of accumulated amortization | (1,270 | ) |  |  |  | (1,615 | ) |  |  |  |
Total unsecured term loans, net of amortized issuance costs | $ | 298,730 |  |  |  |  | $ | 298,385 |  |  |  |  |
Unsecured revolving line of credit - variable rate (e) | 52,000 |  |  | 3.5211% |  | — |  |  | n/a |  | February 2, 2019
Total outstanding credit agreements, net | $ | 350,730 |  |  |  |  |  |  |  |  |
(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 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 September 30, 2018 and December 31, 2017.
(d) | Interest rate reflects 1-Month LIBOR plus 1.6% as of September 30, 2018 and December 31, 2017.
(e) | Interest rate reflects 1-Month LIBOR plus 1.4% as of September 30, 2018.
Schedule Of Maturities For Outstanding Mortgage Indebtedness | The following table shows the scheduled maturities of the Company's mortgages payable as of September 30, 2018 for the remainder of 2018, each of the next four years, and thereafter.
| Maturities during the year ending December 31, |  |  |  |
| 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Thereafter |  | Total
Mortgages payable | $ | 7,575 |  |  | $ | — |  |  | $ | 41,000 |  |  | $ | 12,627 |  |  | $ | 50,982 |  |  | $ | 128,167 |  |  | $ | 240,351 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377297&loc=d3e10013-112621 + Details
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