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DEBT (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes indebtedness:
(in thousands)
June 30, 2021December 31, 2020Weighted Average Maturity in Years at June 30, 2021
Lines of credit$87,000 $152,871 1.17
Term loans (1)
145,000 145,000 3.39
Unsecured senior notes (1)
175,000 125,000 8.15
Unsecured debt407,000 422,871 4.96
Mortgages payable - fixed288,363 298,445 4.87
Total debt$695,363 $721,316 4.92
Weighted average interest rate on lines of credit (rate with swap)2.21 %2.85 %
Weighted average interest rate on term loans (rate with swap)4.15 %4.15 %
Weighted average interest rate on unsecured senior notes3.47 %3.78 %
Weighted average interest rate on mortgages payable3.90 %3.93 %
Weighted average interest rate on total debt3.70 %3.62 %
(1)Included within notes payable on the Condensed Consolidated Balance Sheets.
Aggregate Amount of Required Future Principal Payments on Mortgages Payable
The aggregate amount of required future principal payments on term loans, unsecured senior notes, and mortgages payable as of June 30, 2021, was as follows:
(in thousands)
2021 (remainder)$15,583 
202237,219 
202345,068 
20243,777 
2025102,505 
Thereafter404,211 
Total payments$608,363