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Indebtedness (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Summary of Indebtedness
The following table discloses certain information regarding our indebtedness: 
 Outstanding Balance atInterest
Rate at
June 30, 2020
Effective
Interest
Rate at
Issuance
Maturity
Date
 June 30, 2020December 31, 2019
Mortgage Loans Payable, Gross$156,854  $174,360  4.03% – 4.85%4.03% – 4.85%October 2021 –
August 2028
Unamortized Debt Issuance Costs(511) (675) 
Mortgage Loans Payable, Net$156,343  $173,685  
Senior Unsecured Notes, Gross
2027 Notes6,070  6,070  7.15%7.11%5/15/2027
2028 Notes31,901  31,901  7.60%8.13%7/15/2028
2032 Notes10,600  10,600  7.75%7.87%4/15/2032
2027 Private Placement Notes125,000  125,000  4.30%4.30%4/20/2027
2028 Private Placement Notes150,000  150,000  3.86%3.86%2/15/2028
2029 Private Placement Notes75,000  75,000  4.40%4.40%4/20/2029
2029 II Private Placement Notes150,000  150,000  3.97%4.23%7/23/2029
2030 Private Placement Notes150,000  150,000  3.96%3.96%2/15/2030
Subtotal$698,571  $698,571  
Unamortized Debt Issuance Costs(4,229) (4,485) 
Unamortized Discounts(68) (71) 
Senior Unsecured Notes, Net$694,274  $694,015  
Unsecured Term Loans, Gross
2014 Unsecured Term Loan (A)
$200,000  $200,000  3.39%N/A1/29/2021
2015 Unsecured Term Loan (A)
260,000  260,000  2.89%N/A9/12/2022
Subtotal$460,000  $460,000  
Unamortized Debt Issuance Costs(1,607) (2,135) 
Unsecured Term Loans, Net
$458,393  $457,865  
Unsecured Credit Facility (B)
$320,000  $158,000  1.39%N/A10/29/2021
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(A) The interest rate at June 30, 2020 also reflects the derivative instruments we entered into to effectively convert the variable rate to a fixed rate. See Note 10. Additionally, on July 15, 2020 the 2014 Unsecured Term Loan was repaid. See Note 13.
(B) The maturity date may be extended an additional year at our election, subject to certain restrictions. Amounts exclude unamortized debt issuance costs of $1,684 and $2,300 as of June 30, 2020 and December 31, 2019, respectively, which are included in the line item Prepaid Expenses and Other Assets, Net. The interest rate at June 30, 2020 also reflects the derivative instrument we entered into to effectively convert a portion of the variable rate into a fixed rate. See Note 10.
Schedule of Maturities
The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums, discounts and debt issuance costs, for the next five years as of June 30, and thereafter: 
 Amount
Remainder of 2020$2,307  
2021587,294  
2022336,954  
2023321  
2024335  
Thereafter708,214  
Total$1,635,425  
Summary of Indebtedness at Estimated Fair Value
At June 30, 2020 and December 31, 2019, the fair value of our indebtedness was as follows: 
 June 30, 2020December 31, 2019
 
Carrying
Amount (A)
Fair
Value
Carrying
Amount (A)
Fair
Value
Mortgage Loans Payable, Net$156,854  $159,756  $174,360  $179,287  
Senior Unsecured Notes, Net698,503  788,186  698,500  756,351  
Unsecured Term Loans460,000  457,241  460,000  460,902  
Unsecured Credit Facility320,000  318,313  158,000  158,141  
Total$1,635,357  $1,723,496  $1,490,860  $1,554,681  
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(A) The carrying amounts include unamortized premiums and discounts and exclude unamortized debt issuance costs.