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Unsecured and Secured Indebtedness (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Summary of Unsecured and Secured Indebtedness | The following table discloses certain information regarding the Company’s unsecured and secured indebtedness (in millions):
|  | Carrying Value at December 31, |  |  | Interest Rate(A) at December 31, |  |  | Maturity Date at
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | December 31, 2019
Unsecured indebtedness: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes(B) |  | $ | 1,660.0 |  |  | $ | 1,660.0 |  |  | 3.375%–4.700% |  |  | 3.375%–4.700% |  |  | July 2022– June 2027
Senior notes – discount, net |  |  | (3.8 | ) |  |  | (4.3 | ) |  |  |  |  |  |  |  |  |  |
Net unamortized debt issuance costs |  |  | (8.2 | ) |  |  | (9.7 | ) |  |  |  |  |  |  |  |  |  |
Total Senior Notes |  | $ | 1,648.0 |  |  | $ | 1,646.0 |  |  |  |  |  |  |  |  |  |  |
Term Loan |  | $ | 100.0 |  |  | $ | 50.0 |  |  | 2.8% |  |  | 3.9% |  |  | January 2023
Net unamortized debt issuance costs |  |  | (0.5 | ) |  |  | (0.3 | ) |  |  |  |  |  |  |  |  |  |
Total Term Loan |  | $ | 99.5 |  |  | $ | 49.7 |  |  |  |  |  |  |  |  |  |  |
Secured indebtedness: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage indebtedness – Fixed Rate |  | $ | 95.2 |  |  | $ | 89.0 |  |  | 5.7% |  |  | 5.9% |  |  | April 2020– May 2025
Net unamortized debt issuance costs |  |  | (0.3 | ) |  |  | (0.3 | ) |  |  |  |  |  |  |  |  |  |
Total Mortgage Indebtedness |  | $ | 94.9 |  |  | $ | 88.7 |  |  |  |  |  |  |  |  |  |  |
(A) | The interest rates reflected above for the senior notes represent the range of the coupon rate of the notes outstanding. All other interest rates presented are a weighted average of the outstanding debt. Interest rate on variable-rate debt was calculated using the base rate and spreads in effect at December 31, 2019 and 2018.
(B) | Effective interest rates ranged from 3.5% to 4.8% at December 31, 2019.
Schedule Principal Payments | The scheduled principal payments of the Revolving Credit Facilities (Note 8) and unsecured and secured indebtedness, excluding extension options, as of December 31, 2019, are as follows (in thousands):
Year |  | Amount |
2020 |  | $ | 41,684 |
2021 |  |  | 43,412 |
2022 |  |  | 200,980 |
2023 |  |  | 187,030 |
2024 |  |  | 70,485 |
Thereafter |  |  | 1,311,761 |
|  |  | 1,855,352 |
Unamortized fair market value of assumed debt |  |  | 983 |
Net unamortized debt issuance costs |  |  | (9,038 | )
Total indebtedness |  | $ | 1,847,297 |

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