| Schedule of Participating Mortgage Loans |
Mortgage and other indebtedness consisted of the following as of June 30, 2019 and December 31, 2018: | | | | | | | | | | | | | | | | | | As of June 30, 2019 | | Principal | | Unamortized Net Premiums | | Unamortized Debt Issuance Costs | | Total | Senior unsecured notes - fixed rate | $ | 550,000 |
| | $ | — |
| | $ | (4,471 | ) | | $ | 545,529 |
| Unsecured revolving credit facility | 47,600 |
| | — |
| | (3,100 | ) | | 44,500 |
| Unsecured term loans | 250,000 |
| | — |
| | (1,964 | ) | | 248,036 |
| Mortgage notes payable - fixed rate | 462,286 |
| | 3,784 |
| | (384 | ) | | 465,686 |
| Mortgage notes payable - variable rate | 73,131 |
| | — |
| | (270 | ) | | 72,861 |
| Total mortgage and other indebtedness | $ | 1,383,017 |
| | $ | 3,784 |
| | $ | (10,189 | ) | | $ | 1,376,612 |
|
| | | | | | | | | | | | | | | | | | As of December 31, 2018 | | Principal | | Unamortized Net Premiums | | Unamortized Debt Issuance Costs | | Total | Senior unsecured notes - fixed rate | $ | 550,000 |
| | $ | — |
| | $ | (4,864 | ) | | $ | 545,136 |
| Unsecured revolving credit facility | 45,600 |
| | — |
| | (3,796 | ) | | 41,804 |
| Unsecured term loans | 345,000 |
| | — |
| | (2,470 | ) | | 342,530 |
| Mortgage notes payable - fixed rate | 534,679 |
| | 6,566 |
| | (584 | ) | | 540,661 |
| Mortgage notes payable - variable rate | 73,491 |
| | — |
| | (321 | ) | | 73,170 |
| Total mortgage and other indebtedness | $ | 1,548,770 |
| | $ | 6,566 |
| | $ | (12,035 | ) | | $ | 1,543,301 |
|
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| Schedule of Debt |
Consolidated indebtedness, including weighted average maturities and weighted average interest rates as of June 30, 2019, considering the impact of interest rate swaps, is summarized below: | | | | | | | | | | | | | | Outstanding Amount | | Ratio | | Weighted Average
Interest Rate | | Weighted Average
Maturity (Years) | Fixed rate debt1 | $ | 1,278,486 |
| | 91 | % | | 4.14 | % | | 5.6 | Variable rate debt | 104,531 |
| | 9 | % | | 4.20 | % | | 7.4 | Net debt premiums and issuance costs, net | (6,405 | ) | | N/A |
| | N/A |
| | N/A | Total | $ | 1,376,612 |
| | 100 | % | | 4.16 | % | | 5.7 |
| | | ____________________ | 1 | Fixed rate debt includes, and variable rate date excludes, the portion of such debt that has been hedged by interest rate derivatives. As of June 30, 2019, $266.2 million in variable rate debt is hedged for a weighted average 3.5 years. |
|
| Deferred Cost Amortization |
The accompanying consolidated statements of operations include amortization of debt issuance costs as a component of interest expense as follows: | | | | | | | | | | | | Six Months Ended
June 30, | | | 2019 | | 2018 | Amortization of debt issuance costs | | $ | 1,514 |
| | $ | 1,558 |
|
| | | | | | | | | | Six Months Ended
June 30, | | 2019 | | 2018 | Amortization of deferred leasing costs, lease intangibles and other | $ | 7,258 |
| | $ | 10,290 |
| Amortization of above market lease intangibles | 701 |
| | 1,457 |
|
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