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Debt Obligations (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Consolidated Debt Obligations | The following table sets forth information regarding the Company’s consolidated debt obligations outstanding as of September 30, 2021 and December 31, 2020 (in thousands):
| September 30, 2021 |  | December 31, 2020 |  | Effective Interest Rate |  | Maturity Date |
UNSECURED DEBT |  |  |  |  |  |  |  |
$600 million Unsecured Credit Facility | $ | — |  |  | $ | — |  |  | LIBOR + 1.10% |  | July 2022 | (a)
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) | 25,774 |  |  | 25,774 |  |  | LIBOR + 1.25% |  | April 2035 |
Indenture II (Preferred Trust II) | 25,774 |  |  | 25,774 |  |  | LIBOR + 1.25% |  | July 2035 |
Principal balance outstanding | 1,828,610 |  |  | 1,828,610 |  |  |  |  |  |
Plus: original issue premium (discount), net | 8,675 |  |  | 10,137 |  |  |  |  |  |
Less: deferred financing costs | (6,696) |  |  | (8,152) |  |  |  |  |  |
Total unsecured indebtedness | $ | 1,830,589 |  |  | $ | 1,830,595 |  |  |  |  |  |
(a)The Company has the ability to extend the term of the Unsecured Credit Facility until July 2023 through two successive six-month extension options.
Schedule of Maturities of Long-term Debt | As of September 30, 2021, the aggregate scheduled principal payments on the Company's debt obligations were as follows (in thousands):
2021 (three months remaining) | $ | — |
2022 | 250,000 |
2023 | 350,000 |
2024 | 350,000 |
2025 | — |
Thereafter | 878,610 |
Total principal payments | 1,828,610 |
Net unamortized premiums/(discounts) | 8,675 |
Net deferred financing costs | (6,696) |
Outstanding indebtedness | $ | 1,830,589 |

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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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