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Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Debt | As of December 31, 2020 and 2019, the Company had the following mortgages payable outstanding:
| December 31, 2020 |  | December 31, 2019
Mortgages payable (a) | $ | 107,261 |  |  | $ | 176,051 |
Discount, net of accumulated amortization | (84) |  |  | (121) |
Debt issuance costs, net of accumulated amortization | (449) |  |  | (609) |
Total mortgages payable, net | $ | 106,728 |  |  | $ | 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 December 31, 2020, and 3.49% to 5.49%, with a weighted average interest rate of 4.34% as of December 31, 2019. As of December 31, 2020 and 2019, the Company had the following borrowings outstanding under its unsecured term loans:
| December 31, 2020 |  | December 31, 2019 |  |
| Principal Balance |  | Interest Rate |  | Principal Balance |  | Interest 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 |  |  | 1.3548% (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 |  |  | 2.6690% (a) |  | June 21, 2024
$150.0 million 5.5 year - variable rate | 50,000 |  |  | 1.3548% (b) |  | 50,000 |  |  | 2.8911% (c) |  | June 21, 2024
Total unsecured term loans | 400,000 |  |  |  |  | 400,000 |  |  |  |  |
Issuance costs, net of accumulated amortization | (1,619) |  |  |  |  | (2,471) |  |  |  |  |
Total outstanding credit agreements, net | $ | 398,381 |  |  |  |  | $ | 397,529 |  |  |  |  |
(a)As of December 31, 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 December 1, 2020. (c)Interest rate reflects 1-Month LIBOR plus 1.20% as of December 2, 2019.
Schedule Of Maturities For Outstanding Mortgage Indebtedness | The following table shows the scheduled maturities of the Company's mortgages payable as of December 31, 2020:
Scheduled maturities by year: | As of December 31, 2020
2021 | $ | — |
2022 | 22,834 |
2023 | 40,097 |
2024 | 15,700 |
2025 | 28,630 |
Thereafter | — |
Total | $ | 107,261 |
Schedule of Effect of Derivative Financial Instruments Included in AOCI | The following table represents the effect of the derivative financial instruments on the consolidated financial statements:
Location and amount of (loss) gain recognized in accumulated comprehensive income |  | Location and amount of (loss) gain reclassified from accumulated comprehensive income into net (loss) income |  | Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded
| 2020 |  | 2019 |  | 2018 |  |  | 2020 |  | 2019 |  | 2018 |  |  | 2020 |  | 2019 |  | 2018
Unrealized (loss) gain on derivatives | $ | (16,199) |  |  | 816 |  |  | 923 |  |  | Interest expense, net | $ | (2,693) |  |  | $ | 1,396 |  |  | 956 |  |  | Interest expense, net | $ | 18,749 |  |  | $ | 22,717 |  |  | 24,943 |
Schedule of Location of Derivative Financial Instruments on Consolidated Financial Statements | The following table represents the effect of the derivative financial instruments on the consolidated financial statements:
Location and amount of (loss) gain recognized in accumulated comprehensive income |  | Location and amount of (loss) gain reclassified from accumulated comprehensive income into net (loss) income |  | Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded
| 2020 |  | 2019 |  | 2018 |  |  | 2020 |  | 2019 |  | 2018 |  |  | 2020 |  | 2019 |  | 2018
Unrealized (loss) gain on derivatives | $ | (16,199) |  |  | 816 |  |  | 923 |  |  | Interest expense, net | $ | (2,693) |  |  | $ | 1,396 |  |  | 956 |  |  | Interest expense, net | $ | 18,749 |  |  | $ | 22,717 |  |  | 24,943 |

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