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DEBT (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Summary of Indebtedness
The following table summarizes our indebtedness:
 
 
(in thousands)
 
 
 
December 31, 2019

December 31, 2018

April 30, 2018

Weighted Average Maturity in Years
Lines of credit
 
$
50,079

$
57,500

$
124,000

2.67
Term loans(1)
 
145,000

145,000

70,000

4.88
Unsecured senior notes(1)
 
125,000



9.33
Unsecured debt
 
320,079

202,500

194,000

6.27
Mortgages payable - fixed
 
331,376

445,974

489,401

5.79
Mortgages payable - variable
 


22,739


Total debt
 
$
651,455

$
648,474

$
706,140

6.02
 
 
 
 
 
 
Annual Weighted Average Interest Rates
 
 
 
 
 
Lines of credit (rate with swap)
 
3.81
%
3.72
%
3.35
%
 
Term loans (rate with swaps)
 
4.11
%
4.01
%
3.86
%
 
Unsecured senior notes
 
3.78
%


 
Mortgages payable
 
4.02
%
4.58
%
4.69
%
 

Schedule of Aggregate Amount of Required Future Principal Payments on Mortgages Payable
The aggregate amount of required future principal payments on mortgages payable and notes payable as of December 31, 2019 is as follows:
 
 
(in thousands)
2020
 
$
14,897

2021
 
40,523

2022
 
37,352

2023
 
48,111

2024
 
73,777

Thereafter
 
386,716

Total payments
 
$
601,376