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Debt Obligations (Tables) | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Consolidated debt obligations | The following table sets forth information regarding the Company’s consolidated debt obligations outstanding at March 31, 2020 and December 31, 2019 (in thousands):
| March 31, 2020 |  | December 31, 2019 |  | Effective Interest Rate |  | Maturity Date
MORTGAGE DEBT: |  |  |  |  |  |  |
Two Logan Square | $ | 80,667 |  |  | $ | 81,103 |  |  | 3.98% |  | August 2020
Four Tower Bridge | 9,230 |  |  | 9,291 |  |  | 4.50% |  | February 2021
One Commerce Square | 115,647 |  |  | 116,571 |  |  | 3.64% |  | April 2023
Two Commerce Square | 107,948 |  |  | 108,472 |  |  | 4.51% |  | April 2023
Principal balance outstanding | 313,492 |  |  | 315,437 |  |  |  |  |
Plus: fair market value premium (discount), net | (1,289 | ) |  | (1,383 | ) |  |  |  |
Less: deferred financing costs | (202 | ) |  | (242 | ) |  |  |  |
Mortgage indebtedness | $ | 312,001 |  |  | $ | 313,812 |  |  |  |  |
UNSECURED DEBT |  |  |  |  |  |  |
$600 million Unsecured Credit Facility | $ | 50,000 |  |  | $ | — |  |  | LIBOR + 1.10% |  | July 2022
Seven-Year Term Loan - Swapped to fixed | 250,000 |  |  | 250,000 |  |  | 2.87% |  | October 2022
$350.0M 3.95% Guaranteed Notes due 2023 | 350,000 |  |  | 350,000 |  |  | 3.87% |  | February 2023
$350.0M 4.10% Guaranteed Notes due 2024 | 350,000 |  |  | 350,000 |  |  | 3.78% |  | October 2024
$450.0M 3.95% Guaranteed Notes due 2027 | 450,000 |  |  | 450,000 |  |  | 4.03% |  | November 2027
$350.0M 4.55% Guaranteed Notes due 2029 | 350,000 |  |  | 350,000 |  |  | 4.30% |  | October 2029
Indenture IA (Preferred Trust I) | 27,062 |  |  | 27,062 |  |  | LIBOR + 1.25% |  | March 2035
Indenture IB (Preferred Trust I) - Swapped to fixed | 25,774 |  |  | 25,774 |  |  | 3.30% |  | April 2035
Indenture II (Preferred Trust II) | 25,774 |  |  | 25,774 |  |  | LIBOR + 1.25% |  | July 2035
Principal balance outstanding | 1,878,610 |  |  | 1,828,610 |  |  |  |  |
Plus: original issue premium (discount), net | 11,601 |  |  | 12,090 |  |  |  |  |
Less: deferred financing costs | (9,612 | ) |  | (10,094 | ) |  |  |  |
Total unsecured indebtedness | $ | 1,880,599 |  |  | $ | 1,830,606 |  |  |  |  |
Total Debt Obligations | $ | 2,192,600 |  |  | $ | 2,144,418 |  |  |  |  |
Schedule of maturities of long-term debt | As of March 31, 2020, the Company’s aggregate scheduled principal payments of debt obligations are as follows (in thousands):
2020 (nine months remaining) | $ | 85,281 |
2021 | 15,143 |
2022 | 306,332 |
2023 | 556,736 |
2024 | 350,000 |
Thereafter | 878,610 |
Total principal payments | 2,192,102 |
Net unamortized premiums/(discounts) | 10,312 |
Net deferred financing costs | (9,814 | )
Outstanding indebtedness | $ | 2,192,600 |

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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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