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Notes and Bonds Payable
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Notes and bonds payable Notes and Bonds Payable
The table below details the Company’s notes and bonds payable. 
 MATURITY DATESBALANCE AS OFEFFECTIVE INTEREST RATE
as of 6/30/2021
Dollars in thousands6/30/202112/31/2020
$700 million Unsecured Credit Facility
5/23$13,000 $— 1.00 %
$200 million Unsecured Term Loan due 2024, net of issuance costs 1
5/24199,348 199,236 1.95 %
$150 million Unsecured Term Loan due 2026, net of issuance costs 2
6/26149,306 149,479 2.48 %
Senior Notes due 2025, net of discount and issuance costs 3
5/25248,906 248,776 4.08 %
Senior Notes due 2028, net of discount and issuance costs1/28296,365 296,123 3.84 %
Senior Notes due 2030, net of discount and issuance costs 4
3/30296,640 296,468 2.71 %
Senior Notes due 2031, net of discount and issuance costs 3/31295,149 294,924 2.24 %
Mortgage notes payable, net of discounts and issuance costs and including premiums11/22-4/27115,765 117,763 4.07 %
$1,614,479 $1,602,769 
1The 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).
2The 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 95 basis points).
3The effective interest rate includes the impact of the $1.7 million settlement of forward-starting interest rate swaps that is included in Accumulated other comprehensive loss on the Company's Condensed Consolidated Balance Sheets.
4The 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.

Changes in Debt Structure
On June 1, 2021, the Company entered into a second amendment to the Amended and Restated Term Loan, dated May 31, 2019 that reduced the current interest rate on the $150 million portion of the loan due 2026 from LIBOR plus a margin rate ranging from 1.45% to 2.40% (previously 1.60%) to LIBOR plus a margin rate ranging from 0.80% to 1.60% (0.95% as of June 30, 2021). With the amendment, the Company paid up front fees of approximately $0.5 million, of which $0.2 million was paid to lenders, capitalized and amortized over the remainder of the term of the loan, and $0.3 million was paid to lenders as administrators and was expensed in the second quarter of 2021. In addition, the amendment added a sustainability metric incentive tied to increasing the Company's properties with green building certifications.