Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company had the following mortgages and notes payable outstanding as of September 30, 2021 and December 31, 2020:

	September 30, 2021		December 31, 2020
Mortgages and notes payable	$	117,275	$	138,412
Unamortized debt issuance costs	(1,642)		(1,883)
Mortgages and notes payable, net	$	115,633	$	136,529

Debt Instrument Redemption

The Company had the following senior notes outstanding as of September 30, 2021 and December 31, 2020:

Issue Date	September 30, 2021		December 31, 2020		Interest Rate		Maturity Date	Issue Price
August 2021	$	400,000	$	—	2.375	%	October 2031	99.758	%
August 2020	400,000		400,000		2.70	%	September 2030	99.233	%
May 2014	198,932		198,932		4.40	%	June 2024	99.883	%
June 2013	—		188,756		4.25	%	June 2023	99.026	%
	998,932		787,688
Unamortized debt discount	(3,760)		(3,491)
Unamortized debt issuance cost	(7,582)		(4,922)
Senior notes payable, net	$	987,590	$	779,275

Schedule of Line of Credit Facilities

The maturity dates and interest rates as of September 30, 2021, are as follows:

	Maturity Date	Current Interest Rate
$600,000 Revolving Credit Facility(1)	February 2023	LIBOR + 0.90%
$300,000 Term Loan(2)	January 2025	LIBOR + 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 September 30, 2021, 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 $1,680 and $2,057 as of September 30, 2021 and December 31, 2020, respectively.