Mortgage Notes Payable, Credit Facilities and Senior Notes (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt

The mortgage notes payable collateralized by respective properties and assignment of leases at December 31, 2019 and December 31, 2018, respectively, were as follows (in thousands, except interest rates):

	Maturity Date	Interest Rate		December 31,
Property				2019		2018
Casitas Plaza Shopping Center	June 2022	5.320	%	$	7,001	$	7,158
Riverstone Marketplace	July 2022	4.960	%	17,656		18,050
Fullerton Crossroads	April 2024	4.728	%	26,000		26,000
Diamond Hills Plaza	October 2025	3.550	%	35,500		35,500
				86,157		86,708
Mortgage premiums				1,594		2,074
Net unamortized deferred financing costs				(228)		(271)
Total mortgage notes payable				$	87,523	$	88,511

Schedule of Maturities of Long-term Debt

The combined aggregate principal maturities of mortgage notes payable during the next five years and thereafter are as follows (in thousands):

	Principal Repayments		Scheduled Amortization		Mortgage Premium		Total
2020	$	—	$	577	$	481	$	1,058
2021	—		717		481		1,198
2022	23,129		1,003		344		24,476
2023	—		686		216		902
2024	26,000		708		72		26,780
Thereafter	32,787		550		—		33,337
Total	$	81,916	$	4,241	$	1,594	$	87,751

The combined aggregate principal maturities of the Company’s unsecured senior notes payable during the next five years and thereafter are as follows (in thousands):

	Principal Repayments
2020	$	—
2021	—
2022	—
2023	250,000
2024	250,000
Thereafter	450,000
Total	$	950,000

Schedule of Long-term Debt Instruments

The carrying values of the Company’s unsecured term loan (the “term loan”) were as follows (in thousands):

	December 31,
	2019		2018
Term loan	$	300,000	$	300,000
Net unamortized deferred financing costs	(1,670)		(924)
Term loan	$	298,330	$	299,076

The carrying values of the Company’s unsecured revolving credit facility were as follows (in thousands):

	December 31,
	2019		2018
Credit facility	$	84,000	$	156,000
Net unamortized deferred financing costs	(3,257)		(2,311)
Credit facility	$	80,743	$	153,689

The carrying value of the Company’s unsecured Senior Notes Due 2027 is as follows (in thousands):

	December 31,
	2019		2018
Principal amount	$	250,000	$	250,000
Net unamortized deferred financing costs	(998)		(1,123)
Senior Notes Due 2027	$	249,002	$	248,877

The carrying value of the Company’s unsecured Senior Notes Due 2026 is as follows (in thousands):

	December 31,
	2019		2018
Principal amount	$	200,000	$	200,000
Net unamortized deferred financing costs	(191)		(219)
Senior Notes Due 2026	$	199,809	$	199,781

The carrying value of the Company’s unsecured Senior Notes Due 2024 is as follows (in thousands):

	December 31,
	2019		2018
Principal amount	$	250,000	$	250,000
Unamortized debt discount	(1,912)		(2,252)
Net unamortized deferred financing costs	(1,094)		(1,314)
Senior Notes Due 2024	$	246,994	$	246,434

The carrying value of the Company’s unsecured Senior Notes Due 2023 is as follows (in thousands):

	December 31,
	2019		2018
Principal amount	$	250,000	$	250,000
Unamortized debt discount	(1,915)		(2,339)
Net unamortized deferred financing costs	(1,040)		(1,304)
Senior Notes Due 2023	$	247,045	$	246,357

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure

The unamortized balances of deferred financing costs associated with the Company’s term loan, unsecured revolving credit facility, Senior Notes Due 2027, Senior Notes Due 2026, Senior Notes Due 2024, Senior Notes Due 2023, and mortgage notes payable included as a direct reduction from the carrying amount of the related debt instrument in the consolidated balance sheets as of December 31, 2019 that will be charged to future operations during the next five years and thereafter are as follows (in thousands):

	Financing Costs
2020	$	1,799
2021	1,799
2022	1,796
2023	1,781
2024	836
Thereafter	467
	$	8,478