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Debt (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
As of March 31, 2021 and December 31, 2020, the Company’s debt consisted of the following:
March 31, 2021December 31, 2020
Contractual Interest 
Rate (1)
Loan
Maturity
Effective Interest Rate (2)
HealthSpring Mortgage Loan$20,073 $20,208 4.18% April 2023 4.62%
Midland Mortgage Loan97,619 98,155 3.94%April 20234.13%
Emporia Partners Mortgage Loan 1,502 1,627 5.88%September 20235.97%
Samsonite Loan19,908 20,165 6.08%September 20235.09%
Highway 94 Loan14,453 14,689 3.75%August 20244.80%
Pepsi Bottling Ventures Loan18,496 18,587 3.69%October 20243.92%
AIG Loan II126,241 126,792 4.15%November 20254.92%
BOA Loan375,000 375,000 3.77%October 20273.91%
BOA/KeyBank Loan 250,000 250,000 4.32%May 20284.14%
AIG Loan103,383 103,870 4.96%February 20295.08%
Total Mortgage Debt 1,026,675 1,029,093 
Revolving Credit Facility (3)
373,500 373,500 
LIBO Rate + 1.60%
June 20231.84%
2023 Term Loan200,000 200,000 
LIBO Rate + 1.55%
June 20231.76%
2024 Term Loan400,000 400,000 
LIBO Rate + 1.55%
April 20241.75%
2025 Term Loan 400,000 — 
LIBO Rate + 1.55%
December 20251.97%
2026 Term Loan150,000 150,000 
LIBO Rate + 1.85%
April 20262.02%
Total Debt2,550,175 2,152,593 
Unamortized Deferred Financing Costs and Discounts, net(11,628)(12,166)
Total Debt, net$2,538,547 $2,140,427 
(1)Including the effect of the interest rate swap agreements with a total notional amount of $750.0 million, the weighted average interest rate as of March 31, 2021 was 3.30% for both the Company’s fixed-rate and variable-rate debt combined and 3.96% for the Company’s fixed-rate debt only.
(2)Reflects the effective interest rate as of March 31, 2021 and includes the effect of amortization of discounts/premiums and deferred financing costs.
(3)The LIBO rate as of March 31, 2021 (effective date) was 0.12%. The Revolving Credit Facility has an initial term of approximately one year, maturing on June 28, 2022, and may be extended for a one-year period if certain conditions are met and upon payment of an extension fee. See discussion below.