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Mortgage Notes Payable, Net (Tables) | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Mortgage notes payable, net as of September 30, 2018 and December 31, 2017 consisted of the following:
|  |  |  | Encumbered Properties |  | Outstanding Loan Amount (1) |  | Effective Interest Rate |  | Interest Rate |  |
Country |  | Portfolio |  |  | September 30, 2018 |  | December 31, 2017 |  |  |  | Maturity
|  |  |  |  |  | (In thousands) |  | (In thousands) |  |  |  |  |  |
Finland: |  | Finnair |  | 4 |  | $ | 32,957 |  |  | $ | 34,022 |  |  | 2.2% | (2) | Fixed |  | Sep. 2020
|  | Tokmanni |  | 1 |  | 33,625 |  |  | 34,711 |  |  | 2.4% | (2) | Fixed |  | Oct. 2020
France: |  | Auchan |  | 1 |  | 9,632 |  |  | 9,943 |  |  | 1.7% | (2) | Fixed |  | Dec. 2019
|  | Pole Emploi |  | 1 |  | 6,731 |  |  | 6,948 |  |  | 1.7% | (2) | Fixed |  | Dec. 2019
|  | Sagemcom |  | 1 |  | 41,661 |  |  | 43,006 |  |  | 1.7% | (2) | Fixed |  | Dec. 2019
|  | Worldline |  | 1 |  | 5,802 |  |  | 5,990 |  |  | 1.9% | (2) | Fixed |  | Jul. 2020
|  | DCNS |  | 1 |  | 11,024 |  |  | 11,381 |  |  | 1.5% | (2) | Fixed |  | Dec. 2020
|  | ID Logistics II |  | 2 |  | 12,185 |  |  | 12,578 |  |  | 1.3% |  | Fixed |  | Jun. 2021
Germany |  | Rheinmetall |  | 1 |  | 12,301 |  |  | 12,698 |  |  | 2.6% | (2) | Fixed |  | Jan. 2019
|  | OBI DIY |  | 1 |  | 5,222 |  |  | 5,391 |  |  | 2.4% |  | Fixed |  | Jan. 2019
|  | RWE AG |  | 3 |  | 72,529 |  |  | 74,872 |  |  | 1.6% | (2) | Fixed |  | Oct. 2019
|  | Rexam |  | 1 |  | 5,959 |  |  | 6,301 |  |  | 1.8% | (2) | Fixed |  | Aug. 2019
|  | Metro Tonic |  | 1 |  | 30,752 |  |  | 31,746 |  |  | 1.7% | (2) | Fixed |  | Dec. 2019
|  | ID Logistics I |  | 1 |  | 4,642 |  |  | 4,792 |  |  | 1.0% |  | Fixed |  | Oct. 2021
Luxembourg: |  | DB Luxembourg |  | 1 |  | 41,777 |  |  | 43,126 |  |  | 1.4% | (2) | Fixed |  | May 2020
The Netherlands: |  | ING Amsterdam |  | 1 |  | 51,061 |  |  | 52,710 |  |  | 1.7% | (2) | Fixed |  | Jun. 2020
|  | Total EUR denominated |  | 22 |  | 377,860 |  |  | 390,215 |  |  |  |  |  |  |
United Kingdom: |  | McDonald's |  | — |  | — |  |  | 1,025 |  |  | —% |  | — |  | —
|  | Wickes Building Supplies I |  | — |  | — |  |  | 2,226 |  |  | —% |  | — |  | —
|  | Everything Everywhere |  | — |  | — |  |  | 5,397 |  |  | —% |  | — |  | —
|  | Thames Water |  | — |  | — |  |  | 8,096 |  |  | —% |  | — |  | —
|  | Wickes Building Supplies II |  | — |  | — |  |  | 2,626 |  |  | —% |  | — |  | —
|  | Northern Rock |  | — |  | — |  |  | 7,084 |  |  | —% |  | — |  | —
|  | Wickes Building Supplies III |  | — |  | — |  |  | 2,564 |  |  | —% |  | — |  | —
|  | Provident Financial |  | — |  | — |  |  | 17,203 |  |  | —% |  | — |  | —
|  | Crown Crest |  | — |  | — |  |  | 25,973 |  |  | —% |  | — |  | —
|  | Aviva |  | — |  | — |  |  | 21,183 |  |  | —% |  | — |  | —
|  | Bradford & Bingley |  | — |  | — |  |  | 10,200 |  |  | —% |  | — |  | —
|  | Intier Automotive Interiors |  | — |  | — |  |  | 6,375 |  |  | —% |  | — |  | —
|  |  |  | Encumbered Properties |  | Outstanding Loan Amount (1) |  | Effective Interest Rate |  | Interest Rate |  |
Country |  | Portfolio |  |  | September 30, 2018 |  | December 31, 2017 |  |  |  | Maturity
|  | Capgemini |  | — |  | — |  |  | 6,381 |  |  | —% |  | — |  | —
|  | Fujitsu |  | — |  | — |  |  | 33,435 |  |  | —% |  | — |  | —
|  | Amcor Packaging |  | — |  | — |  |  | 4,218 |  |  | —% |  | — |  | —
|  | Fife Council |  | — |  | — |  |  | 2,474 |  |  | —% |  | — |  | —
|  | Malthrust |  | — |  | — |  |  | 4,318 |  |  | —% |  | — |  | —
|  | Talk Talk |  | — |  | — |  |  | 5,161 |  |  | —% |  | — |  | —
|  | HBOS |  | — |  | — |  |  | 7,272 |  |  | —% |  | — |  | —
|  | DFS Trading |  | — |  | — |  |  | 13,680 |  |  | —% |  | — |  | —
|  | DFS Trading |  | — |  | — |  |  | 3,203 |  |  | —% |  | — |  | —
|  | HP Enterprise Services |  | — |  | — |  |  | 12,531 |  |  | —% |  | — |  | —
|  | Foster Wheeler |  | — |  | — |  |  | 53,026 |  |  | —% |  | — |  | —
|  | Harper Collins |  | — |  | — |  |  | 37,880 |  |  | —% |  | — |  | —
|  | NCR Dundee |  | — |  | — |  |  | 7,610 |  |  | —% |  | — |  | —
|  | UK Multi-Property Cross Collateralized Loan |  | 43 |  | 299,674 |  |  | — |  |  | 3.2% | (3) | Fixed |  | Aug. 2023
|  | Total GBP denominated |  | 43 |  | 299,674 |  |  | 301,141 |  |  |  |  |  |  |
United States: |  | Quest Diagnostics |  | 1 |  | 52,800 |  |  | 52,800 |  |  | 4.2% | (4) | Variable |  | Sep. 2019
|  | Western Digital |  | — |  | — |  |  | 17,363 |  |  | —% | (5) | — |  | —
|  | AT&T Services |  | 1 |  | 33,550 |  |  | 33,550 |  |  | 2.0% | (6) | Variable |  | Dec. 2020
|  | FedEx Freight |  | — |  | — |  |  | 6,165 |  |  | —% |  | — |  | —
|  | Veolia Water |  | — |  | — |  |  | 4,110 |  |  | —% |  | — |  | —
|  | Multi-Tenant Mortgage Loan I |  | 12 |  | 187,000 |  |  | 187,000 |  |  | 4.4% |  | Fixed |  | Nov. 2027
|  | Multi-Tenant Mortgage Loan II |  | 8 |  | 32,750 |  |  | — |  |  | 4.4% |  | Fixed |  | Feb. 2028
|  | Total USD denominated |  | 22 |  | 306,100 |  |  | 300,988 |  |  |  |  |  |  |
|  | Gross mortgage notes payable |  | 87 |  | 983,634 |  |  | 992,344 |  |  | 2.9% |  |  |  |
|  | Mortgage discount |  |  |  | (696 | ) |  | (1,927 | ) |  | — |  |  |  |
|  | Deferred financing costs, net of accumulated amortization |  |  |  | (8,423 | ) |  | (5,541 | ) |  | — |  |  |  |
|  | Mortgage notes payable, net |  | 87 |  | $ | 974,515 |  |  | $ | 984,876 |  |  | 2.9% |  |  |  |
_______________________________
(1) | Amounts borrowed in local currency and translated at the spot rate in effect at the applicable reporting date.
(2) | Fixed as a result of an interest rate swap agreement.
(3) | 80% fixed as a result of an interest rate swap agreement and 20% variable. Variable portion is at LIBOR rate in effect at September 30, 2018.
(4) | The interest rate is 2.0% plus 1-month LIBOR. LIBOR rate in effect is as of September 30, 2018.
(5) | The debt prepayment costs associated with the sale of Western Digital were $1.3 million.
(6) | The interest rate is 2.0% plus 1-month Adjusted LIBOR as defined in the mortgage agreement. LIBOR rate in effect is as of September 30, 2018.
Schedule of Maturities of Long-term Debt | The following table presents future scheduled aggregate principal payments on the Company's gross mortgage notes payable over the next five calendar years and thereafter as of September 30, 2018:
(In thousands) |  | Future Principal Payments (1)
2018 (remainder) |  | $ | — |
2019 |  | 237,587 |
2020 |  | 209,796 |
2021 |  | 16,827 |
2022 |  | — |
2023 |  | 299,674 |
Thereafter |  | 219,750 |
Total |  | $ | 983,634 |
_________________________
(1) | Assumes exchange rates of £1.00 to $1.30 for GBP and €1.00 to $1.16 for EUR as of September 30, 2018 for illustrative purposes, as applicable.

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