Debt (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of maturities of long-term debt

The following table presents scheduled principal payments related to the Company’s debt as of September 30, 2021 (in thousands):

	Scheduled		Balloon
	Principal		Payment		Total
Remainder of 2021	$	204	$	—	$	204
2022		850		—		850
2023		905		28,262		29,167
2024 (1)		963		—		963
2025		1,026		50,000		51,026
Thereafter		629		1,460,000		1,460,629
Total scheduled principal payments		4,577		1,538,262		1,542,839
Original issue discount, net		—		(9,198)		(9,198)
Total	$	4,577	$	1,529,064	$	1,533,641

(1) The Revolving Credit Facility matures in January 2024, with options to extend the maturity as described under Senior Unsecured Revolving Credit Facility above. The Revolving Credit Facility did not have an outstanding balance as of September 30, 2021.

Mortgages [Member]

Schedule of long-term debt instruments

Mortgage notes payable consisted of the following:

	September 30, 2021		December 31, 2020
(not presented in thousands)	(in thousands)
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 interest only at 5.01% per annum, with a balloon payment due September 2023		4,622		4,622
Note payable in monthly installments of $91,675 including interest at 6.27% per annum, with a final monthly payment due July 2026		4,577		5,172
Total principal		32,839		33,434
Unamortized debt issuance costs		(232)		(312)
Total	$	32,607	$	33,122

Unsecured Debt [Member]

Schedule of long-term debt instruments

The following table presents the unsecured term loans balance net of unamortized debt issuance costs as of September 30, 2021 and December 31, 2020 (in thousands):

	September 30, 2021		December 31, 2020
2023 Term Loan	$	—	$	40,000
2024 Term Loan Facilities		—		100,000
2026 Term Loan		—		100,000
Total Principal		—		240,000
Unamortized debt issuance costs		—		(2,151)
Total	$	—	$	237,849

Senior Unsecured Notes [Member]

Schedule of long-term debt instruments

The following table presents the senior unsecured notes balance net of unamortized debt issuance costs and original issue discount as of September 30, 2021, and December 31, 2020 (in thousands):

	September 30, 2021		December 31, 2020
2025 Senior Unsecured Notes	$	50,000	$	50,000
2027 Senior Unsecured Notes		50,000		50,000
2028 Senior Unsecured Notes		60,000		60,000
2028 Senior Unsecured Public Notes		350,000		—
2029 Senior Unsecured Notes		100,000		100,000
2030 Senior Unsecured Notes		125,000		125,000
2030 Senior Unsecured Public Notes		350,000		350,000
2031 Senior Unsecured Notes		125,000		125,000
2033 Senior Unsecured Public Notes		300,000		—
Total Principal		1,510,000		860,000
Unamortized debt issuance costs and original issue discount, net		(15,253)		(4,672)
Total	$	1,494,747	$	855,328