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DEBT (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt The following table shows the notes issued under both agreements.
(in thousands)
AmountMaturity DateInterest Rate
Series A$75,000 September 13, 20293.84 %
Series B$50,000 September 30, 20283.69 %
Series C$50,000 June 6, 20302.70 %
Series 2021-A$35,000 September 17, 20302.50 %
Series 2021-B$50,000 September 17, 20312.62 %
Series 2021-C$25,000 September 17, 20322.68 %
Series 2021-D$15,000 September 17, 20342.78 %
The following table summarizes indebtedness:
(in thousands)
September 30, 2021December 31, 2020Weighted 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 debt357,000 422,871 8.10
Mortgages payable - Fannie Mae credit facility198,850 — 9.81
Mortgages payable - other293,547 298,445 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 notes3.12 %3.78 %
Weighted average interest rate on mortgages payable - Fannie Mae credit facility2.78 %— 
Weighted average interest rate on mortgages payable - other3.83 %3.93 %
Weighted average interest rate on total debt3.23 %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 
202234,284 
202345,068 
20244,054 
202532,850 
Thereafter475,929 
Total payments$593,547