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

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Debt

The mortgage notes payable collateralized by respective properties and assignment of leases at September 30, 2016 and December 31, 2015, respectively, were as follows (in thousands):

Property	Maturity Date	Interest Rate		September 30, 2016			December 31, 2015
Gateway Village III	July 2016	6.10	%	$	—		$	7,166
Bernardo Heights Plaza	July 2017	5.70	%	8,265			8,404
Santa Teresa Village	February 2018	6.20	%	10,442			10,613
Magnolia Shopping Center	October 2018	5.50	%	9,179			—
Casitas Plaza Shopping Center	June 2022	5.32	%	7,483			—
Diamond Hills Plaza	October 2025	3.55	%	35,500			35,500
				$	70,869		$	61,683
Mortgage premiums				1,208			922
Net unamortized deferred financing costs				(443		)	(449		)
Total mortgage notes payable				$	71,634		$	62,156

Schedule of Long-term Debt Instruments

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

	September 30, 2016			December 31, 2015
Principal amount	$	250,000		$	250,000
Unamortized debt discount	(3,212		)	(3,482		)
Net unamortized deferred financing costs	(1,895		)	(2,092		)
Senior Notes Due 2023:	$	244,893		$	244,426

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

	September 30, 2016			December 31, 2015
Principal amount	$	250,000		$	250,000
Unamortized debt discount	(2,967		)	(3,191		)
Net unamortized deferred financing costs	(1,811		)	(1,976		)
Senior Notes Due 2024:	$	245,222		$	244,833

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

	September 30, 2016			December 31, 2015
Credit Facility	$	8,000		$	135,500
Net unamortized deferred financing costs	(2,627		)	(3,472		)
Credit Facility:	$	5,373		$	132,028

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

	September 30, 2016			December 31, 2015
Principal amount	$	200,000		$	—
Net unamortized deferred financing costs	(268		)	—
Senior Notes Due 2026:	$	199,732		$	—

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

	September 30, 2016			December 31, 2015
Term Loan	$	300,000		$	300,000
Net unamortized deferred financing costs	(906		)	(1,198		)
Term Loan:	$	299,094		$	298,802