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Notes and Bonds Payable (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of debt
The table below details the Company’s notes and bonds payable. 
 
MATURITY DATES
BALANCE AS OF
EFFECTIVE INTEREST RATE
as of 6/30/2020

Dollars in thousands
6/30/2020

12/31/2019

$700 million Unsecured Credit Facility
5/23
$
—

$
293,000

N/A

$200 million Unsecured Term Loan Facility, net of issuance costs 1
5/24
199,124

199,013

2.00
%
$150 million Unsecured Term Loan due 2026 2
6/26
149,431

—

3.15
%
Senior Notes due 2023, net of discount and issuance costs
4/23
248,756

248,540

3.95
%
Senior Notes due 2025, net of discount and issuance costs 3
5/25
248,647

248,522

4.08
%
Senior Notes due 2028, net of discount and issuance costs
1/28
295,885

295,651

3.84
%
Senior Notes due 2030, net of discount and issuance costs 4
3/30
296,299

—

2.71
%
Mortgage notes payable, net of discounts and issuance costs and including premiums
1/21-4/27
116,794

129,343

4.38
%
 
 
$
1,554,936

$
1,414,069

 

1
The effective interest rate includes the impact of interest rate swaps on $75.0 million at a weighted average rate of 2.37% (plus the applicable margin rate, currently 100 basis points).
2
The effective interest rate includes the impact of interest rate swaps on $100.0 million at a weighted average rate of 2.23% (plus the applicable margin rate, currently 160 basis points).
3
The effective interest rate includes the impact of the $1.7 million settlement of a forward-starting interest rate swap that is included in Accumulated other comprehensive loss on the Company's Condensed Consolidated Balance Sheets.
4
The effective interest rate includes the impact of the $4.3 million settlement of forward interest rate hedges that is included in Accumulated other comprehensive loss on the Company's Condensed Consolidated Balance Sheets.