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Credit Facilities (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Outstanding Balance Under Credit Agreement
The table below details the outstanding balances as of September 30, 2020 and December 31, 2019 under the credit agreement with KeyBank National Association (“KeyBank”), as agent, and the other lender parties thereto, which provides for a $835.0 million senior unsecured multi-currency revolving credit facility (the “Revolving Credit Facility”) and a €359.6 million ($421.6 million based on the prevailing exchange rate as of September 30, 2020) senior unsecured term loan facility (the “Term Loan” and, together with the Revolving Credit Facility, the “Credit Facility”). The Credit Facility was originally entered into on July 24, 2017 and it has been amended from time to time. On August 1, 2019, the Company, through the OP, entered into an amendment and restatement of the credit agreement related to the Credit Facility to, among other things, increase the aggregate total commitments, lower the interest rate and revise certain covenants, and the terms of the Credit Facility described below generally reflect this amendment and restatement.
September 30, 2020December 31, 2019
(In thousands)
TOTAL USD (1)
USDGBPEUR
TOTAL USD (2)
USDGBPEUR
Revolving Credit Facility
$264,009 $183,211 £40,000 €25,000 $199,071 $62,211 £40,000 €75,000 
Term Loan421,560 — — 359,551 403,258 — — 359,551 
Deferred financing costs(4,488)— — — (5,365)— — — 
Term Loan, Net417,072 — — 359,551 397,893 — — 359,551 
Total Credit Facility$681,081 $183,211 £40,000 €384,551 $596,964 $62,211 £40,000 €434,551 
(1)Assumes exchange rates of £1.00 to $1.29 for GBP and €1.00 to $1.17 for EUR as of September 30, 2020 for illustrative purposes, as applicable.
(2)Assumes exchange rates of £1.00 to $1.32 for GBP and €1.00 to $1.12 for EUR as of December 31, 2019 for illustrative purposes, as applicable.