Debt (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of maturities of long-term debt

The following table presents scheduled principal payments related to the Company’s debt as of December 31, 2021 (presented in thousands):

	Scheduled		Balloon
	Principal		Payment		Total
2022	$	850	$	—	$	850
2023		905		28,262		29,167
2024		963		—		963
2025		1,026		50,000		51,026
2026 (1)		629		160,000		160,629
Thereafter		—		1,460,000		1,460,000
Total scheduled principal payments		4,373		1,698,262		1,702,635
Original issue discount, net		—		(8,923)		(8,923)
Total	$	4,373	$	1,689,339	$	1,693,712

(1) The Revolving Credit Facility matures in January 2026, with options to extend the maturity to January 2027. The Revolving Credit Facility had a balance of $160.0 million as of December 31, 2021.

Mortgages [Member]

Schedule of long-term debt instruments

	December 31, 2021		December 31, 2020
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 $92 including interest at 6.27% per annum, with a final monthly payment due July 2026		4,373		5,172
Total principal		32,635		33,434
Unamortized debt issuance costs		(206)		(312)
Total	$	32,429	$	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 December 31, 2021 and 2020 (presented in thousands):

	December 31, 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 December 31, 2021, and 2020 (presented in thousands):

	December 31, 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		(14,800)		(4,672)
Total	$	1,495,200	$	855,328