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Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Instruments [Abstract]  
Schedule of Debt Debt consists of the following ($ in thousands):
September 30,
2020		December 31,
2019
Revolving credit facility - unsecured$288,000 $300,000 
Bank term loans - unsecured650,000 550,000 
Private placement term loans - unsecured400,000 400,000 
HUD mortgage loans - secured, non-recourse41,542 42,138 
Fannie Mae term loans - secured, non-recourse95,444 95,706 
Convertible senior notes - unsecured60,000 59,697 
Unamortized loan costs(6,018)(7,076)
$1,528,968 $1,440,465 
Schedule of Maturities of Long-term Debt
Aggregate principal maturities of debt as of September 30, 2020 are as follows (in thousands):

Remainder of 2020$91 
2021448,371 
2022250,389 
2023475,407 
202475,425 
2025143,761 
Thereafter100,000 
1,493,444 
Less: unamortized loan costs(6,018)
HUD mortgages 41,542 
$1,528,968 
Schedule of Unsecured Term Loans
Our unsecured private placement term loans, payable interest-only, are summarized below ($ in thousands):

AmountInceptionMaturityFixed Rate
$125,000 January 2015January 20233.99%
50,000 November 2015November 20233.99%
75,000 September 2016September 20243.93%
50,000 November 2015November 20254.33%
100,000 January 2015January 20274.51%
$400,000 
Schedule of Interest Rate Derivatives September 30, 2020, we employed the following interest rate swap contracts to mitigate our interest rate risk on our bank term and revolver loans described above ($ in thousands):
Date EnteredMaturity DateSwap RateRate IndexNotional AmountFair Value (Liability)
March 2019December 20212.22%1-month LIBOR$100,000 $(2,597)
March 2019December 20212.21%1-month LIBOR$100,000 $(2,613)
June 2019December 20211.61%1-month LIBOR$150,000 $(2,736)
June 2019December 20211.63%1-month LIBOR$50,000 $(920)
Schedule of Interest Expense
The following table summarizes interest expense ($ in thousands):
Three Months Ended Nine Months Ended
September 30,September 30,
2020201920202019
Interest expense on debt at contractual rates$10,129 $14,308 $33,701 $40,736 
(Gains) losses reclassified from accumulated other
comprehensive income (loss) into interest expense1,778 (390)4,533 (1,031)
Capitalized interest(9)(161)(169)(476)
Amortization of debt issuance costs, debt discount and other994 904 2,524 2,696 
Total interest expense$12,892 $14,661 $40,589 $41,925