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Debt (Tables)
 6 Months Ended
Jun. 30, 2021
Debt Instruments [Abstract]  
Schedule of Debt Debt consists of the following ($ in thousands):
June 30,
2021		December 31,
2020
Revolving credit facility - unsecured$25,000 $298,000 
Bank term loans - unsecured525,000 650,000 
Senior notes - unsecured, net of discount of $3,082
396,918 — 
Private placement term loans - unsecured400,000 400,000 
Fannie Mae term loans - secured, non-recourse95,169 95,354 
Convertible senior notes - unsecured— 60,000 
Unamortized loan costs(7,343)(4,069)
$1,434,744 $1,499,285 
Schedule of Maturities of Long-term Debt
Aggregate principal maturities of debt as of June 30, 2021 are as follows ($ in thousands):

Remainder of 2021$187 
2022250,389 
2023475,408 
202475,425 
2025143,761 
2026— 
Thereafter496,917 
1,442,087 
Less: unamortized loan costs(7,343)
$1,434,744 
Schedule of Unsecured Term Loans
Our unsecured private placement term loans, payable interest-only, are summarized below ($ 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%
$400,000 
Schedule of Interest Rate Derivatives June 30, 2021, we employed the following interest rate swap contracts to mitigate our interest rate risk on our bank term and revolver loans described above ($ in thousands):
Date EnteredMaturity DateSwap RateRate IndexNotional AmountFair Value (Liability)
March 2019December 20212.22%1-month LIBOR$100,000 $(1,062)
March 2019December 20212.21%1-month LIBOR$100,000 $(1,068)
June 2019December 20211.61%1-month LIBOR$150,000 $(1,125)
June 2019December 20211.63%1-month LIBOR$50,000 $(378)
Schedule of Interest Expense
The following table summarizes interest expense ($ in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2021202020212020
Interest expense on debt at contractual rates$10,368 $10,569 $20,821 $23,572 
Losses reclassified from accumulated other
comprehensive income into interest expense1,820 2,263 3,598 2,755 
Capitalized interest(17)(19)(34)(117)
Amortization of debt issuance costs, debt discount and other669 744 1,428 1,487 
Total interest expense$12,840 $13,557 $25,813 $27,697