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Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Notes and Loans Payable [Abstract]  
Schedule of Debt
As of September 30, 2020 and December 31, 2019, the Company's mortgages payable, net were as follows:
September 30, 2020December 31, 2019
Mortgages payable (a)$107,580 $176,051 
Discount, net of accumulated amortization(93)(121)
Issuance costs, net of accumulated amortization(478)(609)
Total mortgages payable, net$107,009 $175,321 
(a)Mortgages payable had fixed interest rates ranging from 3.49% to 4.58%, with a weighted average interest rate of 4.07% as of September 30, 2020, and 3.49% to 5.49%, with a weighted average interest rate of 4.34% as of December 31, 2019.
As of September 30, 2020 and December 31, 2019, the Company had the following unsecured term loan tranches outstanding:
September 30, 2020December 31, 2019
Principal BalanceInterest
Rate		Principal BalanceInterest
Rate		Maturity Date
$250.0 million 5 year - swapped to fixed rate
$100,000 2.6795% (a)$100,000 2.6795% (a)December 21, 2023
$250.0 million 5 year - swapped to fixed rate
100,000 2.6795% (a)100,000 2.6795% (a)December 21, 2023
$250.0 million 5 year - variable rate
50,000 1.3551% (b)50,000 2.8911% (c)December 21, 2023
$150.0 million 5.5 year - swapped to fixed rate
50,000 2.6915% (a)50,000 2.6915% (a)June 21, 2024
$150.0 million 5.5 year - swapped to fixed rate
50,000 2.6990% (a)50,000 2.6990% (a)June 21, 2024
$150.0 million 5.5 year - variable rate
50,000 1.3551% (b)50,000 2.8911% (c)June 21, 2024
Total unsecured term loans400,000 400,000 
Issuance costs, net of accumulated amortization(1,796)(2,471)
Total unsecured term loans, net$398,204 $397,529 
(a)As of September 30, 2020, the Company has four interest rate swap agreements, of which two each have a notional amount of $100,000, an effective date of December 2, 2019, a termination date of December 21, 2023, and achieve a fixed interest rate of 2.68%. The other two interest rate swap agreements each have a notional amount of $50,000, an effective date of December 2, 2019, a termination date of June 21, 2024, and achieve fixed interest rates of 2.69% and 2.70%.
(b)Interest rate reflects 1-Month LIBOR plus 1.20% effective September 1, 2020.
(c)Interest rate reflects 1-Month LIBOR plus 1.20% effective December 2, 2019.
Schedule of Maturities for Outstanding Mortgage Indebtedness
The following table summarizes the scheduled maturities of the Company's mortgages payable as of September 30, 2020 for the remainder of 2020, each of the next four years and thereafter.
Scheduled maturities by year:As of September 30, 2020
2020$— 
2021— 
202222,939 
202340,311 
202415,700 
Thereafter28,630 
Total mortgage payable maturities$107,580 
Debt issuance costs, net of accumulated amortization(478)
Discount, net of accumulated amortization(93)
Total mortgages payable, net$107,009