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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Debt | The following table shows the notes issued under both agreements.
| (in thousands) |  |  |
| Amount |  | Maturity Date | Interest Rate
Series A | $ | 75,000 |  |  | September 13, 2029 | 3.84 | %
Series B | $ | 50,000 |  |  | September 30, 2028 | 3.69 | %
Series C | $ | 50,000 |  |  | June 6, 2030 | 2.70 | %
Series 2021-A | $ | 35,000 |  |  | September 17, 2030 | 2.50 | %
Series 2021-B | $ | 50,000 |  |  | September 17, 2031 | 2.62 | %
Series 2021-C | $ | 25,000 |  |  | September 17, 2032 | 2.68 | %
Series 2021-D | $ | 15,000 |  |  | September 17, 2034 | 2.78 | %
The following table summarizes indebtedness:
| (in thousands) |
| September 30, 2021 | December 31, 2020 | Weighted Average Maturity in Years at September 30, 2021
Lines of credit | $ | 57,000 |  | $ | 152,871 |  | 4.00
Term loans (1) | — |  | 145,000 |  |
Unsecured senior notes (1) | 300,000 |  | 125,000 |  | 8.88
Unsecured debt | 357,000 |  | 422,871 |  | 8.10
Mortgages payable - Fannie Mae credit facility | 198,850 |  | — |  | 9.81
Mortgages payable - other | 293,547 |  | 298,445 |  | 5.05
Total debt | $ | 849,397 |  | $ | 721,316 |  | 7.46
Weighted average interest rate on lines of credit (rate with swap) | 2.79 | % | 2.85 | % |
Weighted average interest rate on term loans (rate with swap) | 3.52 | % | 4.15 | % |
Weighted average interest rate on unsecured senior notes | 3.12 | % | 3.78 | % |
Weighted average interest rate on mortgages payable - Fannie Mae credit facility | 2.78 | % | — |  |
Weighted average interest rate on mortgages payable - other | 3.83 | % | 3.93 | % |
Weighted average interest rate on total debt | 3.23 | % | 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 unsecured senior notes and mortgages payable as of September 30, 2021, was as follows:
| (in thousands)
2021 (remainder) | $ | 1,362 |
2022 | 34,284 |
2023 | 45,068 |
2024 | 4,054 |
2025 | 32,850 |
Thereafter | 475,929 |
Total payments | $ | 593,547 |

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