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Debt (Tables) | 3 Months Ended
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Mar. 31, 2020
Mortgages Payable |
Debt Instrument [Line Items] |
Summary of Debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Weighted Average | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Effective | ​ | ​ | ​
​ |  | Interest Rate (1) |  | ​ | March 31, 2020 |  | December 31, 2019
​ | ​ | ​ | ​ | ​ | (In thousands)
Variable rate |  | 2.35% | ​ | ​ | $ | 177,200 | ​ | $ | 2,200
Fixed rate (2) |  | 4.28% | ​ | ​ |  | 1,123,426 | ​ |  | 1,125,648
Mortgages payable | ​ | ​ | ​ | ​ |  | 1,300,626 | ​ |  | 1,127,848
Unamortized deferred financing costs and premium/ discount, net | ​ | ​ | ​ | ​ |  | (5,820) | ​ |  | (2,071)
Mortgages payable, net | ​ | ​ | ​ | ​ | $ | 1,294,806 | ​ | $ | 1,125,777
(1) | Weighted average effective interest rate as of March 31, 2020.
(2) | Includes variable rate mortgages payable with interest rates fixed by interest rate swap agreements.
Credit Facility |
Debt Instrument [Line Items] |
Summary of Debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Effective | ​ | ​ | ​
​ |  | Interest Rate (1) |  | ​ | March 31, 2020 |  | December 31, 2019
​ | ​ | ​ | ​ | ​ | (In thousands)
Revolving credit facility (2) (3) (4) |  | 2.04% | ​ | ​ | $ | 200,000 | ​ | $ | 200,000
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tranche A-1 Term Loan (5) |  | 3.32% | ​ | ​ | $ | 100,000 | ​ | $ | 100,000
Tranche A-2 Term Loan (6) |  | 2.49% | ​ | ​ |  | 200,000 | ​ |  | 200,000
Unsecured term loans |  |  | ​ | ​ |  | 300,000 | ​ |  | 300,000
Unamortized deferred financing costs, net |  |  | ​ | ​ |  | (2,534) | ​ |  | (2,705)
Unsecured term loans, net |  |  | ​ | ​ | $ | 297,466 | ​ | $ | 297,295
(1) | Effective interest rate as of March 31, 2020.
(2) | As of both March 31, 2020 and December 31, 2019, letters of credit with an aggregate face amount of $1.5 million were outstanding under our revolving credit facility.
(3) | As of March 31, 2020 and December 31, 2019, net deferred financing costs related to our revolving credit facility totaling $7.9 million and $3.1 million were included in "Other assets, net."
(4) | The interest rate for the revolving credit facility excludes a 0.15% facility fee. In April 2020, we drew an additional $300.0 million under the revolving credit facility.
(5) | As of March 31, 2020 and December 31, 2019, the outstanding balance was fixed by interest rate swap agreements. In April 2020, we drew $100.0 million under the Tranche A-1 Term Loan.
(6) | As of March 31, 2020 and December 31, 2019, the outstanding balance was fixed by interest rate swap agreements with a notional value of $200.0 million and $137.6 million.

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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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