DEBT (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes our indebtedness at March 31, 2019:

	(in thousands)
	March 31, 2019			December 31, 2018			Weighted Average Maturity in Years at March 31, 2019
Unsecured lines of credit(1)	$	103,677		$	57,500		3.3
Term loans	145,000			145,000			5.6
Unsecured debt	248,677			202,500
Secured line of credit(1)	15,000			—			3.4
Mortgages payable - fixed	432,587			445,974			4.2
Total debt	$	696,264		$	648,474		4.3
Weighted average interest rate on primary line of credit	3.90		%	3.72		%
Weighted average interest rate on operating line of credit	4.40		%	—
Weighted average interest rate on term loans (rate with swap)	3.99		%	4.01		%
Weighted average interest rate on mortgages payable	4.54		%	4.58		%

(1) Our revolving line of credit consists primarily of unsecured borrowings. A portion of the line was secured in connection with our acquisition of SouthFork Townhomes, under an agreement that allowed us to offer the seller tax protection upon purchase.

Aggregate Amount of Required Future Principal Payments on Mortgages Payable

The aggregate amount of required future principal payments on mortgages payable and term loans as of March 31, 2019, was as follows:

	(in thousands)
2019 (remainder)	$	25,926
2020	76,873
2021	104,547
2022	40,917
2023	48,546
Thereafter	280,778
Total payments	$	577,587