Mortgage Notes Payable (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company's mortgage notes payable as of June 30, 2016 and December 31, 2015 consist of the following:

		Outstanding Loan Amount as of						Effective Interest Rate as of
Portfolio	Encumbered Properties	June 30, 2016			December 31, 2015			June 30, 2016			December 31, 2015			Interest Rate		Maturity Date
		(In thousands)			(In thousands)
Liberty Crossing	1	$	11,000		$	11,000		4.66	%		4.66	%		Fixed		Jul. 2018
San Pedro Crossing	1	17,985			17,985			3.79	%		3.79	%		Fixed		Jan. 2018
Tiffany Springs MarketCenter	1	33,802			33,802			3.92	%		3.92	%		Fixed	(1)	Oct. 2018
Shops at Shelby Crossing	1	23,594			23,781			4.97	%		4.97	%		Fixed		Mar. 2024
Patton Creek	1	42,015			42,377			5.76	%		5.76	%		Fixed		Dec. 2020
Gross mortgage notes payable	5	128,396			128,945			4.76	%	(2)	4.76	%	(2)
Deferred financing costs, net of accumulated amortization		(1,471		)	(1,694		)
Mortgage notes payable, net of deferred financing costs		$	126,925		$	127,251

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(1) Fixed as a result of entering into a swap agreement.

(2) Calculated on a weighted-average basis for all mortgages outstanding as of the dates indicated.

Schedule of Maturities of Long-term Debt

The following table summarizes the scheduled aggregate principal payments for the Company's aggregate long-term debt obligations for the five years subsequent to June 30, 2016:

(In thousands)	Future Principal Payments on Mortgage Notes Payable		Future Principal Payments on Credit Facility		Total Future Principal Payments on Long-Term Debt Obligations
July 1, 2016 to December 31, 2016	$	564	$	—	$	564
2017	1,185		—		1,185
2018	64,039		304,000		368,039
2019	1,322		—		1,322
2020	39,609		—		39,609
Thereafter	21,677		—		21,677
	$	128,396	$	304,000	$	432,396