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Debt Obligations (Tables) | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Consolidated debt obligations | The following table sets forth information regarding the Company’s consolidated debt obligations outstanding at September 30, 2018 and December 31, 2017 (in thousands):
| September 30, 2018 |  |  | December 31, 2017 |  |  | Effective Interest Rate |  |  | Maturity Date
MORTGAGE DEBT: |  |  |  |  |  |  |  |  |  |  |  |  |
Two Logan Square | $ | 83,220 |  |  | $ | 84,440 |  |  | 3.98% |  |  | May 2020
Four Tower Bridge |  | 9,583 |  |  |  | - |  |  | 4.50% |  | (a) | Feb 2021
One Commerce Square |  | 121,066 |  |  |  | 123,667 |  |  | 3.64% |  |  | Apr 2023
Two Commerce Square |  | 111,017 |  |  |  | 112,000 |  |  | 4.51% |  |  | Apr 2023
Principal balance outstanding |  | 324,886 |  |  |  | 320,107 |  |  |  |  |  |  |
Plus: fair market value premium (discount), net |  | (1,853 | ) |  |  | (2,325 | ) |  |  |  |  |  |
Less: deferred financing costs |  | (445 | ) |  |  | (566 | ) |  |  |  |  |  |
Mortgage indebtedness | $ | 322,588 |  |  | $ | 317,216 |  |  |  |  |  |  |
UNSECURED DEBT |  |  |  |  |  |  |  |  |  |  |  |  |
Seven-Year Term Loan - Swapped to fixed | $ | 250,000 |  |  | $ | 250,000 |  |  | 3.72% |  |  | Oct 2022
$350.0M 3.95% Guaranteed Notes due 2023 |  | 350,000 |  |  |  | 350,000 |  |  | 3.87% |  |  | Feb 2023
$250.0M 4.10% Guaranteed Notes due 2024 |  | 250,000 |  |  |  | 250,000 |  |  | 4.33% |  |  | Oct 2024
$450.0M 3.95% Guaranteed Notes due 2027 |  | 450,000 |  |  |  | 450,000 |  |  | 4.03% |  |  | Nov 2027
$250.0M 4.55% Guaranteed Notes due 2029 |  | 250,000 |  |  |  | 250,000 |  |  | 4.60% |  |  | Oct 2029
Indenture IA (Preferred Trust I) |  | 27,062 |  |  |  | 27,062 |  |  | LIBOR + 1.25% |  |  | Mar 2035
Indenture IB (Preferred Trust I) - Swapped to fixed |  | 25,774 |  |  |  | 25,774 |  |  | 3.30% |  |  | Apr 2035
Indenture II (Preferred Trust II) - Swapped to fixed |  | 25,774 |  |  |  | 25,774 |  |  | 3.09% |  |  | Jul 2035
Principal balance outstanding |  | 1,628,610 |  |  |  | 1,628,610 |  |  |  |  |  |  |
Plus: original issue premium (discount), net |  | (4,178 | ) |  |  | (4,423 | ) |  |  |  |  |  |
Less: deferred financing costs |  | (9,483 | ) |  |  | (10,575 | ) |  |  |  |  |  |
Total unsecured indebtedness | $ | 1,614,949 |  |  | $ | 1,613,612 |  |  |  |  |  |  |
Total Debt Obligations | $ | 1,937,537 |  |  | $ | 1,930,828 |  |  |  |  |  |  |
(a) | This loan was assumed upon acquisition of the related property on January 5, 2018. The interest rate reflects the market rate at the time of acquisition.
Schedule of Maturities of Long-term Debt | As of September 30, 2018, the Company’s aggregate scheduled principal payments of debt obligations, excluding amortization of discounts and premiums, are as follows (in thousands):
2018 (three months remaining) | $ | 1,854 |
2019 |  | 7,595 |
2020 |  | 87,226 |
2021 |  | 15,143 |
2022 |  | 256,332 |
Thereafter |  | 1,585,346 |
Total principal payments |  | 1,953,496 |
Net unamortized premiums/(discounts) |  | (6,031 | )
Net deferred financing costs |  | (9,928 | )
Outstanding indebtedness | $ | 1,937,537 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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