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Debt (Tables)
 6 Months Ended
Jun. 30, 2021
Notes and Loans Payable [Abstract]  
Schedule of Debt
As of June 30, 2021 and December 31, 2020, the Company's mortgages payable, net were as follows:
June 30, 2021December 31, 2020
Mortgages payable (a)$106,612 $107,261 
Discount, net of accumulated amortization(65)(84)
Issuance costs, net of accumulated amortization(393)(449)
Total mortgages payable, net$106,154 $106,728 
(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 June 30, 2021 and December 31, 2020.
As of June 30, 2021 and December 31, 2020, the Company had the following unsecured term loan tranches outstanding:
June 30, 2021December 31, 2020
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 1.2921% (b)50,000 1.3548% (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 1.2921% (b)50,000 1.3548% (c)June 21, 2024
Total unsecured term loans400,000 400,000 
Issuance costs, net of accumulated amortization(1,325)(1,619)
Total unsecured term loans, net$398,675 $398,381 
(a)As of June 30, 2021, 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 $50,000, an effective date of December 2, 2019, a termination date of June 21, 2024, and achieve fixed interest rates of 2.69% and 2.70%.
(b)Interest rate reflects 1-Month LIBOR plus 1.20% effective June 1, 2021.
(c)Interest rate reflects 1-Month LIBOR plus 1.20% effective December 1, 2020.
Schedule of Maturities for Outstanding Mortgage Indebtedness
The following table summarizes the scheduled maturities of the Company's mortgages payable as of June 30, 2021 for the remainder of 2021, each of the next four years and thereafter.
Scheduled maturities by year:As of June 30, 2021
2021$— 
202222,618 
202339,664 
202415,700 
202528,630 
Thereafter— 
Total mortgage payable maturities$106,612