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Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Instruments [Abstract]  
Schedule of Debt
Debt consists of the following (in thousands):
March 31,
2020		December 31,
2019
Revolving credit facility - unsecured$408,000  $300,000  
Bank term loans - unsecured550,000  550,000  
Private placement term loans - unsecured400,000  400,000  
HUD mortgage loans (net of discount of $1,218 and $1,238)41,942  42,138  
Fannie Mae term loans - secured, non-recourse95,618  95,706  
Convertible senior notes - unsecured (net of discount of $203 and $303)59,797  59,697  
Unamortized loan costs(6,453) (7,076) 
$1,548,904  $1,440,465  
Schedule of Maturities of Long-term Debt Aggregate principal maturities of debt as of March 31, 2020 are as follows (in thousands):
For the year ended March 31,
2021$1,244  
202261,291  
2023784,340  
2024351,389  
2025154,529  
Thereafter203,985  
1,556,778  
Less: discount(1,421) 
Less: unamortized loan costs(6,453) 
$1,548,904  
Schedule of Unsecured Term Loans
Our unsecured private placement term loans, payable interest-only, are summarized below (in thousands):
AmountInceptionMaturityFixed Rate
$125,000  January 2015January 20233.99%
50,000  November 2015November 20233.99%
75,000  September 2016September 20243.93%
50,000  November 2015November 20254.33%
100,000  January 2015January 20274.51%
$400,000  
Schedule of Interest Rate Derivatives As of March 31, 2020, we employ the following interest rate swap contracts to mitigate our interest rate risk on our bank term and revolver loans described above ($ in thousands):
Date EnteredMaturity DateFixed RateRate IndexNotional AmountFair Value (Liability)
June 2013June 20203.46%1-month LIBOR$80,000  $(280) 
March 2014June 20203.51%1-month LIBOR$130,000  $(464) 
March 2019December 20213.51%1-month LIBOR$100,000  $(3,380) 
March 2019December 20213.52%1-month LIBOR$100,000  $(3,403) 
June 2019December 20212.89%1-month LIBOR$150,000  $(3,447) 
June 2019December 20212.93%1-month LIBOR$50,000  $(1,160) 
Schedule of Interest Expense
The following table summarizes interest expense (in thousands):
Three Months Ended
March 31,
20202019
Interest expense on debt at contractual rates$13,003  $13,074  
Losses reclassified from accumulated other
comprehensive income (loss) into interest expense492  (292) 
Capitalized interest(98) (157) 
Amortization of debt issuance costs and debt discount743  893  
Total interest expense$14,140  $13,518