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Debt
3 Months Ended
Mar. 31, 2018
Debt Instruments [Abstract]  
DEBT
DEBT
On March 1, 2018, we repaid the $10.5 million mortgage loan on The Grove at Shrewsbury (West) at par.
During the three months ended March 31, 2018, the maximum amount of borrowings outstanding under our $800.0 million revolving credit facility was $133.0 million, the weighted average borrowings outstanding was $99.8 million, and the weighted average interest rate, before amortization of debt fees, was 2.4%. At March 31, 2018, the outstanding balance was $103.0 million. Our revolving credit facility, term loan and certain notes require us to comply with various financial covenants, including the maintenance of minimum shareholders’ equity and debt coverage ratios and a maximum ratio of debt to net worth. As of March 31, 2018, we were in compliance with all default related debt covenants.