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Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of summary of outstanding consolidated indebtedness, including unamortized debt premiums and discounts
A summary of the Company’s outstanding consolidated indebtedness, including unamortized debt premiums and discounts, is as follows: 
 
 
June 30, 2020
 
December 31, 2019
Debt secured by owned properties:
 
 
 
 
Mortgage loans payable:
 
 
 
 
Unpaid principal balance
 
$
656,453

 
$
693,584

Unamortized deferred financing costs
 
(1,069
)
 
(1,294
)
Unamortized debt premiums
 
4,161

 
6,596

Unamortized debt discounts
 
(175
)
 
(199
)
 
 
659,370

 
698,687

Debt secured by on-campus participating properties:
 
 

 
 

Mortgage loans payable (1)
 
64,872

 
65,942

Bonds payable (1)
 
23,215

 
23,215

Unamortized deferred financing costs
 
(371
)
 
(418
)
 
 
87,716

 
88,739

Total secured mortgage, construction and bond debt
 
747,086

 
787,426

Unsecured notes, net of unamortized OID and deferred financing costs (2)
 
2,373,767

 
1,985,603

Unsecured term loans, net of unamortized deferred financing costs (3)
 
199,297

 
199,121

Unsecured revolving credit facility
 
186,500

 
425,700

Total debt, net
 
$
3,506,650

 
$
3,397,850


 
(1) 
The creditors of mortgage loans payable and bonds payable related to on-campus participating properties do not have recourse to the assets of the Company.
(2) 
Includes net unamortized original issue discount (“OID”) of $6.1 million and $2.3 million at June 30, 2020 and December 31, 2019, respectively, and net unamortized deferred financing costs of $20.1 million and $12.1 million at June 30, 2020 and December 31, 2019, respectively.
(3) 
Includes net unamortized deferred financing costs of $0.7 million and $0.9 million at June 30, 2020 and December 31, 2019, respectively.
The following senior unsecured notes issued by the Company are outstanding as of June 30, 2020:
Date Issued
 
Amount
 
% of Par Value
 
Coupon
 
Yield
 
Original Issue Discount
 
Term (Years)
April 2013
 
$
400,000

 
99.659
 
3.750
%
 
3.791
%
 
$
1,364

 
10
June 2014
 
400,000

 
99.861
 
4.125
%
 
4.269
%
(1) 
556

 
10
October 2017
 
400,000

 
99.912
 
3.625
%
 
3.635
%
 
352

 
10
June 2019
 
400,000

 
99.704
 
3.300
%
 
3.680
%
(1) 
1,184

 
7
January 2020
 
400,000

 
99.810
 
2.850
%
 
2.872
%
 
760

 
10
June 2020
 
400,000

 
99.142
 
3.875
%
 
3.974
%
 
3,432

 
10
 
 
$
2,400,000

 
 
 
 
 
 
 
$
7,648

 
 
(1) 
The yield includes the effect of the amortization of interest rate swap terminations (see Note 10).