Debt (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Schedule of Debt

The Company's debt consisted of the following (in thousands):

				Outstanding Borrowings at
				Successor		Predecessor
	Number of Assets Encumbered	Interest Rate at September 30, 2017	Maturity Date	September 30, 2017		December 31, 2016
Senior secured notes (1)(2)(3)	9	5.63%	March 2023	$	555,046	$	525,000
Senior unsecured notes (1)(2)(3)	—	6.00%	June 2025	511,229		475,000
PNC Bank/Wells Fargo (4)	4	4.95%	October 2022	121,614		120,109
Prudential (5)	1	4.94%	October 2022	30,504		30,184
Scotiabank (1) (6) (7)	1	LIBOR + 3.00%	December 2017	85,514		85,000
Line of credit (8)	7	LIBOR + 2.75%	June 2019	—		119,000
	22			1,303,907		1,354,293
Deferred financing costs, net				—		(15,967		)
Total Debt, net				$	1,303,907	$	1,338,326

(1) Requires payments of interest only through maturity.

(2) Includes $30.0 million and $36.2 million at September 30, 2017 related to fair value adjustments on the senior secured notes and the senior unsecured notes, respectively, that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers.

(3) The Company has the option to redeem the senior secured notes beginning March 1, 2018 at a premium of 102.8%. The Company also has the option to redeem the senior unsecured notes beginning June 1, 2020 at a premium of 103.0%.

(4) Includes $3.2 million at September 30, 2017 related to fair value adjustments on the mortgage loans that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers.

(5) Includes $0.8 million at September 30, 2017 related to a fair value adjustment on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers.

(6) Includes $0.5 million at September 30, 2017 related to a fair value adjustment on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers.

(7) This mortgage loan can be extended for one year, subject to certain lender requirements.

(8) At December 31, 2016, there was $281.0 million of borrowing capacity on the line of credit. The line of credit was paid down and terminated in connection with the Mergers.