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DEBT (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Debt
The Company’s secured debt consists of the following (dollars in thousands):
Interest Rate Type
Principal Balance as of
September 30, 2020 (1)
Principal Balance as of
December 31, 2019 (1)
Weighted Average
Interest Rate at
September 30, 2020 (2)
Maturity
Date
Fixed Rate$80,124 $114,777 3.68 %December 2021 - 
August 2051
(1)     Principal balance does not include deferred financing costs, net of $1.1 million and $1.7 million as of September 30, 2020 and December 31, 2019, respectively.
(2)     Weighted average interest rate includes private mortgage insurance.
The Company’s senior unsecured notes consist of the following (dollars in thousands):
Principal Balance as of
TitleMaturity Date
September 30, 2020 (1)
December 31, 2019 (1)
4.80% senior unsecured notes due 2024 (“2024 Notes”)
June 1, 2024$300,000 $300,000 
5.125% senior unsecured notes due 2026 (“2026 Notes”)
August 15, 2026500,000 500,000 
5.88% senior unsecured notes due 2027 (“2027 Notes”)
May 17, 2027100,000 100,000 
3.90% senior unsecured notes due 2029 (“2029 Notes”)
October 15, 2029350,000 350,000 
$1,250,000 $1,250,000 
(1)    Principal balance does not include premium, net of $6.7 million and deferred financing costs, net of $8.4 million as of September 30, 2020 and does not include premium, net of $7.6 million and deferred financing costs, net of $8.8 million as of December 31, 2019.
Schedule of Maturities for Outstanding Debt
The following is a schedule of maturities for the Company’s outstanding debt as of September 30, 2020 (in thousands): 
Secured
Indebtedness
Revolving Credit
    Facility (1)
Term LoansSenior NotesTotal
October 1 through December 31, 2020$655 $— $— $— $655 
202117,689 — — — 17,689 
20222,412 — 105,000 — 107,412 
20232,478 56,000 350,000 — 408,478 
20242,545 — 593,538 300,000 896,083 
Thereafter54,345 — — 950,000 1,004,345 
Total Debt80,124 56,000 1,048,538 1,250,000 2,434,662 
Premium, net— — — 6,740 6,740 
Deferred financing costs, net(1,149)— (8,853)(8,416)(18,418)
Total Debt, Net$78,975 $56,000 $1,039,685 $1,248,324 $2,422,984 
(1)    Revolving Credit Facility is subject to two six-month extension options.