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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Debt | This operating line matures on August 1, 2021, with pricing based on a market spread plus the one-month LIBOR index rate. The following table summarizes our indebtedness at September 30, 2020:
| (in thousands) |
| September 30, 2020 | December 31, 2019 | Weighted Average Maturity in Years at September 30, 2020
Lines of credit | $ | 135,000 |  | $ | 50,079 |  | 2.2
Term loans (1) | 145,000 |  | 145,000 |  | 4.4
Unsecured senior notes (1) | 125,000 |  | 125,000 |  | 8.8
Unsecured debt | 405,000 |  | 320,079 |  | 5.0
Mortgages payable - fixed | 314,511 |  | 331,376 |  | 5.5
Total debt | $ | 719,511 |  | $ | 651,455 |  | 5.2
Weighted average interest rate on lines of credit (rate with swap) | 3.24 | % | 3.81 | % |
Weighted average interest rate on term loans (rate with swap) | 4.14 | % | 4.11 | % |
Weighted average interest rate on unsecured senior notes | 3.78 | % | 3.78 | % |
Weighted average interest rate on mortgages payable | 3.99 | % | 4.02 | % |
Weighted average interest rate on total debt | 3.68 | % | 3.97 | % |
(1)Included within notes payable on our condensed consolidated balance sheets.
Aggregate Amount of Required Future Principal Payments on Mortgages Payable | The aggregate amount of required future principal payments on term loans, unsecured senior notes, and mortgages payable as of September 30, 2020, was as follows:
| (in thousands)
2020 (remainder) | $ | 1,336 |
2021 | 40,395 |
2022 | 37,219 |
2023 | 45,068 |
2024 | 73,777 |
Thereafter | 386,716 |
Total payments | $ | 584,511 |

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