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Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
As of December 31, 2021 and 2020, the Company’s debt consisted of the following:
December 31,
Contractual
Interest 
Rate (1)
Loan
Maturity (4)
Effective Interest Rate (2)
20212020
HealthSpring Mortgage Loan$19,669 $20,208 4.18% April 2023 4.63%
Midland Mortgage Loan95,792 98,155 3.94%April 20234.12%
Emporia Partners Mortgage Loan — 1,627 —%——%
Samsonite Loan19,114 20,165 6.08%September 20235.03%
Highway 94 Loan13,732 14,689 3.75%August 20244.87%
Pepsi Bottling Ventures Loan18,218 18,587 3.69%October 20243.92%
AIG Loan II124,606 126,792 4.15%November 20254.94%
BOA Loan375,000 375,000 3.77%October 20273.91%
BOA/KeyBank Loan 250,000 250,000 4.32%May 20284.14%
AIG Loan101,884 103,870 4.96%February 20295.07%
Total Mortgage Debt 1,018,015 1,029,093 
Revolving Credit Facility (3)
373,500 373,500 
LIBO Rate + 1.45%
June 20231.67%
2023 Term Loan200,000 200,000 
LIBO Rate + 1.40%
June 20231.59%
2024 Term Loan400,000 400,000 
LIBO Rate + 1.40%
April 20241.58%
2025 Term Loan 400,000 — 
LIBO Rate + 1.40%
December 20251.82%
2026 Term Loan150,000 150,000 
LIBO Rate + 1.40%
April 20261.55%
Total Debt2,541,515 2,152,593 
Unamortized Deferred Financing Costs and Discounts, net(9,138)(12,166)
Total Debt, net$2,532,377 $2,140,427 
(1)Including the effect of the interest rate swap agreements with a total notional amount of $750.0 million the weighted average interest rate as of December 31, 2021 was 3.18% for both the Company’s fixed-rate and variable-rate debt combined and 3.86% for the Company’s fixed-rate debt only.
(2)Reflects the effective interest rate as of December 31, 2021 and includes the effect of amortization of discounts/premiums and deferred financing costs.
(3)The LIBO rate as of December 1, 2021 (effective date) was 0.10%. The Revolving Credit Facility has an initial term of approximately six months, maturing on June 28, 2022, and may be extended for a one-year period if certain conditions are met and upon payment of an extension fee. See discussion below.
(4)Reflects the loan maturity as of December 31, 2021.
Summary of future principal repayments of all loans The following summarizes the future scheduled principal repayments of all loans as of December 31, 2021 per the loan terms discussed above:
As of December 31, 2021
2022$9,501 
2023336,814 
2024433,929 
2025519,901 
2026152,546 
Thereafter1,088,824 
Total principal2,541,515 
Unamortized debt premium/(discount)(166)
Unamortized deferred loan costs(8,972)
Total$2,532,377