Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt Instrument [Line Items]

Schedule Of Maturities For Outstanding Mortgage Indebtedness

The following table shows the scheduled maturities of the Company's mortgages payable as of March 31, 2017, for the remainder of 2017, each of the next four years, and thereafter.

	Maturities during the year ended December 31,
	2017		2018		2019		2020		2021		Thereafter		Total
Mortgages payable	$	138,690	$	59,575	$	—	$	41,000	$	13,020	$	223,694	$	475,979

Mortgages [Member]

Debt Instrument [Line Items]

Schedule of Outstanding Debt

As of March 31, 2017 and December 31, 2016, the Company had the following mortgages payable outstanding:

	March 31, 2017			December 31, 2016
Mortgages payable (a)	$	475,979		$	434,746
Premium, net of accumulated amortization	657			—
Discount, net of accumulated amortization	(223		)	(317		)
Debt issuance costs, net of accumulated amortization	(3,846		)	(3,789		)
Total mortgages payable, net	$	472,567		$	430,640

(a) Mortgages payable had fixed interest rates ranging from 3.49% to 11.24%, with a weighted average interest rate of 5.17%, as of March 31, 2017 and 3.49% to 11.24%, with a weighted average interest rate of 4.85%, as of December 31, 2016.

Term Loans [Member]

Debt Instrument [Line Items]

Schedule of Outstanding Debt

As of March 31, 2017 and December 31, 2016, the Company had the following credit agreements outstanding:

	March 31, 2017				December 31, 2016
	Aggregate Principal Balance			Interest Rate	Aggregate Principal Balance			Interest Rate	Maturity Date
Unsecured term loan credit facility, 5 year - swapped to fixed rate (a)	$	90,000		1.3510%	$	90,000		1.3510%	1/15/2021
Unsecured term loan credit facility, 5 year - swapped to fixed rate (b)	$	60,000		1.3525%	$	60,000		1.3525%	1/15/2021
Unsecured term loan credit facility, 5 year - variable rate (c)	50,000			2.2828%	50,000			1.9167%	1/15/2021
Unsecured term loan credit facility, 7 year - variable rate (d)	100,000			2.5828%	100,000			2.2167%	11/5/2022
Total unsecured term loans	300,000				300,000
Debt issuance costs, net of accumulated amortization	(35		)		(35		)
Total, unsecured term loan credit facilities, net	$	299,965			$	299,965

(a) The Company swapped $90,000 of variable rate debt at an interest rate of 1-Month LIBOR plus 1.3% to a fixed rate of 1.3510%. As of March 31, 2017, the swap has an effective date of December 10, 2015, a termination date of December 1, 2019, and a notional amount of $90,000.

(b) The Company swapped $60,000 of variable rate debt at an interest rate of 1-Month LIBOR plus 1.3% to a fixed rate of 1.3525%. As of March 31, 2017, the swap has an effective date of December 10, 2015, a termination date of December 1, 2019, and a notional amount of $60,000.

(c) Interest rate reflects 1-Month LIBOR plus 1.3% as of March 31, 2017 and December 31, 2016.

(d) Interest rate reflects 1-Month LIBOR plus 1.6% as of March 31, 2017 and December 31, 2016.