Debt (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Maturities of Long-term Debt [Table Text Block]

The following table presents scheduled principal payments related to the Company’s debt as of September 30, 2019 (in thousands):

	Scheduled		Balloon
	Principal		Payment		Total
Remainder of 2019	$	253	$	21,500	$	21,753
2020		947		2,767		3,714
2021 (1)		998		248,000		248,998
2022		1,060		—		1,060
2023		1,069		67,656		68,725
Thereafter		2,617		585,000		587,617
Total	$	6,944	$	924,923	$	931,867

(1) The balloon payment balance includes the balance outstanding under the Credit Facility as of September 30, 2019. The Credit Facility matures in January 2021, with options to extend the maturity for one year at the Company’s election, subject to certain conditions.

Mortgages [Member]

Schedule of Long-term Debt Instruments [Table Text Block]

	September 30, 2019		December 31, 2018
(not presented in thousands)	(in thousands)
Note payable in monthly installments of interest only at 3.32% per annum, with a balloon payment due October 2019	$	21,500	$	21,500
Note payable in monthly installments of $153,838, including interest at 6.90% per annum, with final monthly payment due January 2020 but early extinguished in September 2019		—		1,922
Note payable in monthly installments of $23,004, including interest at 6.24% per annum, with a balloon payment of $2,781,819 due February 2020		2,800		2,872
Note payable in monthly installments of interest only at 3.60% per annum, with a balloon payment due January 2023		23,640		23,640
Note payable in monthly installments of $35,673, including interest at 5.01% per annum, with a balloon payment of $4,034,627 due September 2023		4,825		4,959
Note payable in monthly installments of $91,675 including interest at 6.27% per annum, with a final monthly payment due July 2026		6,102		6,626
Total principal		58,867		61,519
Unamortized debt issuance costs		(444)		(593)
Total	$	58,423	$	60,926

Senior Unsecured Notes [Member]

Schedule of Long-term Debt Instruments [Table Text Block]

The following table presents the Senior Unsecured Notes balance net of unamortized debt issuance costs as of September 30, 2019, and December 31, 2018 (in thousands):

	September 30, 2019		December 31, 2018
2025 Senior Unsecured Notes	$	50,000	$	50,000
2027 Senior Unsecured Notes		50,000		50,000
2028 Senior Unsecured Notes		60,000		60,000
2029 Senior Unsecured Notes		100,000		100,000
2030 Senior Unsecured Notes		125,000		125,000
Total Principal		385,000		385,000
Unamortized debt issuance costs		(829)		(936)
Total	$	384,171	$	384,064

Unsecured Debt [Member]

Schedule of Long-term Debt Instruments [Table Text Block]

The following table presents the Unsecured Term Loans balance net of unamortized debt issuance costs as of September 30, 2019 and December 31, 2018 (in thousands):

	September 30, 2019		December 31, 2018
2019 Term Loan	$	—	$	18,543
2023 Term Loan		40,000		40,000
2024 Term Loan Facilities		100,000		100,000
2026 Term Loan		100,000		100,000
Total Principal		240,000		258,543
Unamortized debt issuance costs		(2,016)		(2,124)
Total	$	237,984	$	256,419