Debt of the Operating Partnership (Tables)

9 Months Ended

Sep. 30, 2019

A summary of outstanding indebtedness of the Operating Partnership as of September 30, 2019 and December 31, 2018 is as follows (in thousands):



				September 30, 2019					December 31, 2018
Indebtedness	Stated Maturity Date	Contractual Interest Rate	Effective Interest Rate as of September 30, 2019	Carrying Amount			Estimated Fair Value		Carrying Amount			Estimated Fair Value
2013 Mortgage Loans
Senior note	5/2023	3.81%	4.14%	$	183,100		$	186,304	$	187,957		$	184,667
Mezzanine A	5/2023	7.38%	7.55%	70,000			70,525		70,000			67,900
Mezzanine B	5/2023	11.50%	11.75%	32,000			32,320		32,000			31,120
Total 2013 Mortgage Loans				285,100			289,149		289,957			283,687

Senior Unsecured Notes
Series A 4.68% notes due 2026	1/2026	4.68%	4.77%	200,000			218,500		200,000			202,500
Series B 4.86% notes due 2029	1/2029	4.86%	4.92%	400,000			443,000		400,000			407,000
Series C 4.10% notes due 2030	1/2030	4.10%	4.15%	350,000			370,125		—			—
Total Senior Unsecured Notes				950,000			1,031,625		600,000			609,500

2018 Senior Unsecured Term Loan A Facility⁽¹⁾	1/2023	L+1.00%	3.21%	475,000			477,375		475,000			472,625

Total principal amount of indebtedness				$	1,710,100		$	1,798,149	$	1,364,957		$	1,365,812
Less: deferred financing costs				(13,750		)	n/a		(13,943		)	n/a
Total indebtedness, net of unamortized deferred financing costs				$	1,696,350		$	1,798,149	$	1,351,014		$	1,365,812

2018 Senior Unsecured Revolving Credit Facility⁽¹⁾	1/2021	L+0.90%	0.36%	$	—		$	—	$	—		$	—

⁽¹⁾L = one-month LIBOR.

Schedule of aggregate maturities of total indebtedness

The aggregate maturities of the Company’s total indebtedness as of September 30, 2019, including amortization of principal amounts due under the mortgage notes, for each of the next five years and thereafter, are as follows:



As of September 30, 2019:	(In thousands)
September 30, 2020	$	6,685
September 30, 2021	6,967
September 30, 2022	7,242
September 30, 2023	739,206
September 30, 2024	—
Thereafter	950,000
Aggregate principal amount of debt	1,710,100
Less unamortized deferred financing costs	(13,750		)
Total debt net of unamortized deferred financing costs	$	1,696,350