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Debt (Tables)
 3 Months Ended
Mar. 31, 2019
Notes and Loans Payable [Abstract]  
Schedule of Outstanding Debt As of March 31, 2019 and December 31, 2018, the Company had the following borrowings outstanding under its unsecured term loans:
 
March 31, 2019
 
December 31, 2018
 
 
 
Principal Balance
 
Interest
Rate
 
Principal Balance
 
Interest
Rate
 
Maturity Date
$250.0 million 5 year - swapped to fixed rate
$
90,000

 
2.5510% (a)
 
$
90,000

 
2.5510% (a)
 
December 21, 2023
$250.0 million 5 year - swapped to fixed rate
60,000

 
2.5525% (a)
 
60,000

 
2.5525% (a)
 
December 21, 2023
$250.0 million 5 year - variable rate
50,000

 
3.6893% (b)
 
50,000

 
3.5493% (c)
 
December 21, 2023
$250.0 million 5 year - variable rate
26,000

 
3.6893% (b)
 
26,000

 
3.6794% (d)
 
December 21, 2023
$150.0 million 5.5 year - variable rate
100,000

 
3.6893% (b)
 
100,000

 
3.5493% (c)
 
June 21, 2024
$150.0 million 5.5 year - variable rate
26,000

 
3.6893% (b)
 
26,000

 
3.6794% (d)
 
June 21, 2024
Total unsecured term loans
352,000

 

 
352,000

 
 
 
 
Issuance costs, net of accumulated amortization
(3,020
)
 
 
 
(3,145
)
 
 
 
 
Total unsecured term loans, net
$
348,980

 
 
 
348,855

 
 
 
 

(a)
The Company swapped $90,000 (notional amount of $90,000) and $60,000 (notional amount of $60,000) of variable rate debt at an interest rate of 1-Month LIBOR plus 1.20% to a fixed rate of 2.5510% and 2.5525%, respectively. The swaps have an effective date of December 10, 2015 and a termination date of December 1, 2019. As a result, all net deferred amounts in accumulated comprehensive income related to swaps will be reclassified into earnings during 2019.
(b)
Interest rate reflects 1-Month LIBOR plus 1.2% effective March 1, 2019.
(c)
Interest rate reflects 1-Month LIBOR plus 1.2% effective December 3, 2018.
(d)
Interest rate reflects 1-Month LIBOR plus 1.2% effective December 21, 2018.As of March 31, 2019 and December 31, 2018, the Company had the following mortgages payable outstanding:
 
March 31, 2019
 
December 31, 2018
Mortgages payable (a)
$
213,412

 
$
213,925

Premium, net of accumulated amortization
179

 
239

Discount, net of accumulated amortization
(149
)
 
(158
)
Debt issuance costs, net of accumulated amortization
(1,010
)
 
(1,079
)
Total mortgages payable, net
$
212,432

 
$
212,927

(a)
Mortgages payable had fixed interest rates ranging from 3.49% to 5.49%, with a weighted average interest rate of 4.33% as of March 31, 2019 and December 31, 2018.
Schedule Of Maturities For Outstanding Mortgage Indebtedness The following table shows the scheduled maturities of the Company's mortgages payable as of March 31, 2019 for the remainder of 2019, each of the next four years, and thereafter.
 
Maturities during the year ending December 31,
 
 
 
 
 
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Mortgages payable
$
—

 
$
41,000

 
$
12,491

 
$
50,504

 
$
41,537

 
$
67,880

 
$
213,412