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Debt Obligations (Tables) | 3 Months Ended
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Mar. 31, 2019
Debt Disclosure [Abstract] |
Consolidated debt obligations | The following table sets forth information regarding the Company’s consolidated debt obligations outstanding at March 31, 2019 and December 31, 2018 (in thousands):
| March 31, 2019 |  |  | December 31, 2018 |  |  | Effective Interest Rate |  |  | Maturity Date
MORTGAGE DEBT: |  |  |  |  |  |  |  |  |  |  |  |  |
Two Logan Square | $ | 82,385 |  |  | $ | 82,805 |  |  | 3.98% |  |  | May 2020
Four Tower Bridge |  | 9,469 |  |  |  | 9,526 |  |  | 4.50% |  |  | Feb 2021
One Commerce Square |  | 119,292 |  |  |  | 120,183 |  |  | 3.64% |  |  | Apr 2023
Two Commerce Square |  | 110,014 |  |  |  | 110,518 |  |  | 4.51% |  |  | Apr 2023
Principal balance outstanding |  | 321,160 |  |  |  | 323,032 |  |  |  |  |  |  |
Plus: fair market value premium (discount), net |  | (1,664 | ) |  |  | (1,759 | ) |  |  |  |  |  |
Less: deferred financing costs |  | (364 | ) |  |  | (404 | ) |  |  |  |  |  |
Mortgage indebtedness | $ | 319,132 |  |  | $ | 320,869 |  |  |  |  |  |  |
UNSECURED DEBT |  |  |  |  |  |  |  |  |  |  |  |  |
$600 million Unsecured Credit Facility | $ | 160,500 |  |  | $ | 92,500 |  |  | LIBOR + 1.10% |  |  | Jul 2022
Seven-Year Term Loan - Swapped to fixed |  | 250,000 |  |  |  | 250,000 |  |  | 2.87% |  |  | 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 |  | 1,789,110 |  |  |  | 1,721,110 |  |  |  |  |  |  |
Plus: original issue premium (discount), net |  | (4,015 | ) |  |  | (4,096 | ) |  |  |  |  |  |
Less: deferred financing costs |  | (9,430 | ) |  |  | (9,837 | ) |  |  |  |  |  |
Total unsecured indebtedness | $ | 1,775,665 |  |  | $ | 1,707,177 |  |  |  |  |  |  |
Total Debt Obligations | $ | 2,094,797 |  |  | $ | 2,028,046 |  |  |  |  |  |  |
Schedule of Maturities of Long-term Debt | As of March 31, 2019, the Company’s aggregate scheduled principal payments of debt obligations, excluding amortization of discounts and premiums, are as follows (in thousands):
2019 (nine months remaining) | $ | 5,723 |
2020 |  | 87,226 |
2021 |  | 15,143 |
2022 |  | 416,832 |
2023 |  | 556,736 |
Thereafter |  | 1,028,610 |
Total principal payments |  | 2,110,270 |
Net unamortized premiums/(discounts) |  | (5,679 | )
Net deferred financing costs |  | (9,794 | )
Outstanding indebtedness | $ | 2,094,797 |

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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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