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Debt (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Components of Mortgage Debt | Mortgage and revolving credit facility debt consisted of the following (dollars in thousands):
Collateral | Interest Rate |  | Maturity Date | 6/30/20 Property Carrying Value |  | Balance Outstanding on Loan as of |  |
|  |  |  |  |  | June 30, 2020 |  | December 31, 2019
Revolving Credit Facility (1) | 3.11 | % |  | March 8, 2022 | $ | 397,214 |  |  | $ | 173,000 |  |  | $ | 90,000 |
Residence Inn by Marriott New Rochelle, NY | 5.75 | % |  | September 1, 2021 | 20,455 |  |  | 12,790 |  |  | 12,936 |
Residence Inn by Marriott San Diego, CA | 4.66 | % |  | February 6, 2023 | 44,234 |  |  | 26,957 |  |  | 27,272 |
Homewood Suites by Hilton San Antonio, TX | 4.59 | % |  | February 6, 2023 | 29,231 |  |  | 15,381 |  |  | 15,563 |
Residence Inn by Marriott Vienna, VA | 4.49 | % |  | February 6, 2023 | 31,535 |  |  | 21,038 |  |  | 21,291 |
Courtyard by Marriott Houston, TX | 4.19 | % |  | May 6, 2023 | 30,651 |  |  | 17,345 |  |  | 17,559 |
Hyatt Place Pittsburgh, PA | 4.65 | % |  | July 6, 2023 | 34,361 |  |  | 21,278 |  |  | 21,520 |
Residence Inn by Marriott Bellevue, WA | 4.97 | % |  | December 6, 2023 | 63,198 |  |  | 43,433 |  |  | 43,857 |
Residence Inn by Marriott Garden Grove, CA | 4.79 | % |  | April 6, 2024 | 41,239 |  |  | 31,762 |  |  | 32,053 |
Residence Inn by Marriott Silicon Valley I, CA | 4.64 | % |  | July 1, 2024 | 77,528 |  |  | 63,918 |  |  | 64,406 |
Residence Inn by Marriott Silicon Valley II, CA | 4.64 | % |  | July 1, 2024 | 85,898 |  |  | 69,738 |  |  | 70,270 |
Residence Inn by Marriott San Mateo, CA | 4.64 | % |  | July 1, 2024 | 63,983 |  |  | 47,939 |  |  | 48,305 |
Residence Inn by Marriott Mountain View, CA | 4.64 | % |  | July 6, 2024 | 51,144 |  |  | 37,384 |  |  | 37,670 |
SpringHill Suites by Marriott Savannah, GA | 4.62 | % |  | July 6, 2024 | 33,953 |  |  | 29,590 |  |  | 29,817 |
Hilton Garden Inn Marina del Rey, CA | 4.68 | % |  | July 6, 2024 | 38,620 |  |  | 20,713 |  |  | 20,931 |
Homewood Suites by Hilton Billerica, MA | 4.32 | % |  | December 6, 2024 | 13,489 |  |  | 15,553 |  |  | 15,693 |
Hampton Inn & Suites Houston Medical Center, TX | 4.25 | % |  | January 6, 2025 | 16,111 |  |  | 17,558 |  |  | 17,717 |
Total debt before unamortized debt issue costs |  |  |  | $ | 1,072,844 |  |  | $ | 665,377 |  |  | $ | 586,860 |
Unamortized mortgage debt issue costs |  |  |  |  |  | (1,202) |  |  | (1,395) |
Total debt outstanding |  |  |  |  |  | $ | 664,175 |  |  | $ | 585,465 |
(1)The interest rate for the revolving credit facility is variable and based on LIBOR (subject to a 0.5% floor) plus a spread of 2.5% if borrowings remain at or below $200 million and a spread of 3.0% if borrowings exceed $200 million.
Future Scheduled Principal Payments of Debt Obligations | Future scheduled principal payments of debt obligations as of June 30, 2020, for the current year and each of the next five calendar years and thereafter are as follows (in thousands):
| Amount
2020 (remaining six months) | $ | 4,982 |
2021 | 22,050 |
2022 | 182,954 |
2023 | 143,084 |
2024 | 296,387 |
2025 | 15,920 |
Thereafter | — |
Total debt before unamortized debt issue costs | $ | 665,377 |
Unamortized mortgage debt issue costs | (1,202) |
Total debt outstanding | $ | 664,175 |

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