Financing Activity (Tables)

3 Months Ended

Mar. 31, 2020

Schedule Of Applicable Margin Interest Rates

		Applicable Margin
Level	Ratio of Total Liabilities to Gross Asset Value	Revolving Loans that are LIBOR Loans			Revolving Loans that are Base Rate Loans			Term Loans that are LIBOR Loans			Term Loans that are Base Rate Loans
1	Less than 0.450 to 1.00		1.20	%		0.20	%		1.35	%		0.35	%
2	Equal to or greater than 0.450 to 1.00 but less than 0.500 to 1.00		1.25	%		0.25	%		1.45	%		0.45	%
3	Equal to or greater than 0.500 to 1.00 but less than 0.550 to 1.00		1.30	%		0.30	%		1.60	%		0.60	%
4	Equal to or greater than 0.550 to but less than 0.600 to 1.000		1.55	%		0.55	%		1.90	%		0.90	%
5	Equal to or greater than 0.600 to 1.000 ⁽¹⁾		1.90	%		0.90	%		2.25	%		1.25	%

⁽¹⁾	The rates in effect under the Credit Agreements were based upon the Level 5 Ratio of Total Liabilities to Gross Asset Value as of March 31, 2020.

Schedule Of Credit Facility Interest Expense and Deferred Financing Fee Amortization

Interest expense and deferred financing fee amortization related to the Credit Agreements for the three months ended March 31, 2020 and 2019 were as follows:

	Three Months Ended March 31,
(in thousands of dollars)	2020		2019
Revolving Facility:
Interest expense	$	2,483	$	1,234
Deferred financing amortization		274		274
Term Loans:
Interest expense		5,506		5,138
Deferred financing amortization		191		189

Carrying and Fair Values of Mortgage Loans

The aggregate carrying values and estimated fair values of mortgage loans based on interest rates and market conditions at March 31, 2020 and December 31, 2019 were as follows:

	March 31, 2020				December 31, 2019
(in millions of dollars)	Carrying Value		Fair Value		Carrying Value		Fair Value
Mortgage loans⁽¹⁾	$	896.5	$	895.2	$	899.8	$	873.9

⁽¹⁾	The carrying value of mortgage loans is net of unamortized debt issuance costs of $1.6 million and $1.8 million as of March 31, 2020 and December 31, 2019, respectively.