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Mortgages and Notes Payable (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The Company had the following mortgages and notes payable outstanding as of December 31, 2020 and 2019:
December 31, 2020December 31, 2019
Mortgages and notes payable$138,412 $393,872 
Unamortized debt issuance costs(1,883)(3,600)
$136,529 $390,272 
Schedule of Line of Credit Facilities The maturity dates and interest rates as of December 31, 2020, are as follows:
Maturity DateInterest Rate
$600,000 Revolving Credit Facility(1)
February 2023LIBOR + 0.90%
$300,000 Term Loan(2)
January 2025LIBOR + 1.00%
(1)     Maturity date of the revolving credit facility can be extended to February 2024 at the Company's option. The interest rate ranges from LIBOR plus 0.775% to 1.45%. At December 31, 2020, the Company had no borrowings outstanding and availability of $600,000, subject to covenant compliance.
(2) The LIBOR portion of the interest rate was swapped to obtain a current fixed rate of 2.732% per annum. The aggregate unamortized debt issuance costs for the term loan was $2,057 and $2,561 as of December 31, 2020 and 2019, respectively.
Schedule of Maturities of Long-term Debt
Scheduled principal and balloon payments for mortgages, notes payable and term loan for the next five years and thereafter are as follows:
Year ending
December 31,
Total
2021$24,119 
202212,224 
202313,267 
20246,431 
2025306,576 
Thereafter75,795 
438,412 
Unamortized debt issuance costs(3,940)
$434,472 
Scheduled principal payments for these debt instruments for the next five years and thereafter are as follows:
Year ending December 31,Total
2021$— 
2022— 
2023188,756 
2024198,932 
2025— 
Thereafter529,120 
916,808 
Unamortized debt discounts(3,491)
Unamortized debt issuance costs(6,547)
$906,770