DEBT (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes our indebtedness at June 30, 2019:

	(in thousands)
	June 30, 2019			December 31, 2018			Weighted Average Maturity in Years at June 30, 2019
Unsecured lines of credit(1)	$	162,939		$	57,500		3.1
Term loans	145,000			145,000			5.4
Unsecured debt	307,939			202,500
Secured line of credit(1)	15,000			—			3.2
Mortgages payable - fixed	371,951			445,974			4.2
Total debt	$	694,890		$	648,474		4.2
Weighted average interest rate on primary line of credit (rate with swap)	3.94		%	3.72		%
Weighted average interest rate on operating line of credit	4.39		%	—
Weighted average interest rate on term loans (rate with swap)	4.14		%	4.01		%
Weighted average interest rate on mortgages payable	4.37		%	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 June 30, 2019, was as follows:

	(in thousands)
2019 (remainder)	$	10,896
2020	42,093
2021	97,137
2022	40,741
2023	48,359
Thereafter	277,725
Total payments	$	516,951