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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Debt | The following table summarizes indebtedness:
| (in thousands) |
| June 30, 2021 | December 31, 2020 | Weighted Average Maturity in Years at June 30, 2021
Lines of credit | $ | 87,000 |  | $ | 152,871 |  | 1.17
Term loans (1) | 145,000 |  | 145,000 |  | 3.39
Unsecured senior notes (1) | 175,000 |  | 125,000 |  | 8.15
Unsecured debt | 407,000 |  | 422,871 |  | 4.96
Mortgages payable - fixed | 288,363 |  | 298,445 |  | 4.87
Total debt | $ | 695,363 |  | $ | 721,316 |  | 4.92
Weighted average interest rate on lines of credit (rate with swap) | 2.21 | % | 2.85 | % |
Weighted average interest rate on term loans (rate with swap) | 4.15 | % | 4.15 | % |
Weighted average interest rate on unsecured senior notes | 3.47 | % | 3.78 | % |
Weighted average interest rate on mortgages payable | 3.90 | % | 3.93 | % |
Weighted average interest rate on total debt | 3.70 | % | 3.62 | % |
(1)Included within notes payable on the 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 June 30, 2021, was as follows:
| (in thousands)
2021 (remainder) | $ | 15,583 |
2022 | 37,219 |
2023 | 45,068 |
2024 | 3,777 |
2025 | 102,505 |
Thereafter | 404,211 |
Total payments | $ | 608,363 |

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