XML 51 R44.htm IDEA: XBRL DOCUMENT v3.20.1
NOTES PAYABLE - Schedule of Long-term Debt Instruments (Details)
3 Months Ended
Mar. 31, 2020
USD ($)
Investments
Dec. 31, 2019
USD ($)
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 1,503,985,000 $ 1,466,376,000
Deferred financing costs, net (6,636,000) (6,497,000)
Total Notes Payable, net 1,497,349,000 1,459,879,000
Portfolio Loan Facility | Secured Debt    
Debt Instrument [Line Items]    
Total Notes Payable, net 684,200,000  
Mortgages | Anchor Centre Mortgage Loan    
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 48,892,000 49,043,000
Effective Interest Rate 3.08%  
Number of extensions | Investments 1  
Extension period 6 months  
Mortgages | Anchor Centre Mortgage Loan | One-month LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.50%  
Mortgages | 201 17th Street Mortgage Loan    
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 0 64,750,000
Mortgages | The Almaden Mortgage Loan    
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 93,000,000 93,000,000
Stated percentage 4.20%  
Effective Interest Rate 4.20%  
Mortgages | 201 Spear Street Mortgage Loan    
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 125,000,000 125,000,000
Effective Interest Rate 2.83%  
Mortgages | 201 Spear Street Mortgage Loan | One-month LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.45%  
Mortgages | Carillon Mortgage Loan    
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 111,000,000 111,000,000
Effective Interest Rate 3.04%  
Mortgages | Carillon Mortgage Loan | One-month LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.40%  
Mortgages | Portfolio Loan Facility    
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 688,225,000 684,225,000
Effective Interest Rate 3.91%  
Mortgages | Portfolio Loan Facility | One-month LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.80%  
Mortgages | Portfolio Revolving Loan Facility    
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 294,623,000 196,113,000
Effective Interest Rate 3.08%  
Mortgages | Portfolio Revolving Loan Facility | One-month LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.50%  
Mortgages | 3001 & 3003 Washington Mortgage Loan    
Debt Instrument [Line Items]    
Total notes payable principal outstanding $ 143,245,000 $ 143,245,000
Effective Interest Rate 3.03%  
Mortgages | 3001 & 3003 Washington Mortgage Loan | One-month LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.45%  
Secured Debt | Portfolio Loan Facility    
Debt Instrument [Line Items]    
Maximum borrowing capacity $ 912,300,000  
Loan, amount outstanding 684,200,000  
Additional increase 400,000,000.0  
Increments of increase 25,000,000.0  
Potential maximum borrowing capacity $ 1,310,000,000  
Number of extensions | Investments 2  
Extension period 1 year  
Secured Debt | Portfolio Loan Facility | Revolving Credit Facility    
Debt Instrument [Line Items]    
Maximum borrowing capacity $ 228,100,000  
Loan, amount outstanding 4,000,000.0  
Unused borrowing capacity, amount $ 224,100,000  
Maximum borrowing capacity, percentage 25.00%  
Secured Debt | Portfolio Loan Facility | Non-Revolving Credit Facility    
Debt Instrument [Line Items]    
Maximum borrowing capacity, percentage 75.00%