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DEBT, NET (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Our debt, net is summarized as follows:
December 31, 2021December 31, 2020
Outstanding BorrowingsStated Interest RateMaturity DateOutstanding Borrowings
Loans payable
DRP Revolver (1)
$25,000 
(i) Base Rate + 2.75%; or
(ii) Base Rate + 3.75% (Eurodollar)
11/5/24$25,000 
Revolving Credit
Facility (2)
189,473 
(i) Base Rate + 2.00%; or
(ii) Adjusted Term SOFR Rate + 3.00%
12/2/24— 
EB-5 Loan Agreement26,100 5.75%1/25/26— 
2021 Bridge Loans100,527 
(i) Base Rate + 1.75%; or
(ii) Adjusted Term SOFR Rate + 2.75%
12/15/22— 
Total loans payable341,100 25,000 
Bonds payable
Series 2020 Bonds263,980 
(i) Tax Exempt Series 2020A Bonds: 3.625%
(ii) Tax Exempt Series 2020A Bonds: 4.00%
(iii) Taxable Series 2020B Bonds: 6.00%
(i) 1/1/35
(ii) 1/1/50
(iii) 1/1/25
263,980 
Series 2021 Bonds425,000 
(i) Series 2021A Bonds: 1.875% to 3.000%
(ii) Series 2021B Bonds: 4.100%
(i) 1/1/26 to 1/1/50
(ii) 1/1/28
— 
Senior Notes due 2022 (3)
— N/AN/A399,331 
Senior Notes due 2025 (4)
852,198 6.50%10/1/25852,673 
Senior Notes due 2027400,000 9.75%8/1/27400,000 
Senior Notes due 2028 (5)
1,002,416 5.50%5/1/28— 
Total bonds payable2,943,594 1,915,984 
Debt3,284,694 1,940,984 
Less: Debt issuance costs(64,483)(36,222)
Total debt, net$3,220,211 $1,904,762 
Total debt due within one year$100,527 $25,000 
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(1) Requires a quarterly commitment fee at a rate of 0.875% on the average daily unused portion, as well as customary letter of credit fees and agency fees.
(2) Requires a quarterly commitment fee at a rate of 0.50% on the average daily unused portion, as well as customary letter of credit fees and agency fees.
(3) Includes unamortized discount of $2,230 and an unamortized premium of $1,561 at December 31, 2020 .
(4) Includes unamortized discount of $3,509 and $4,303 at December 31, 2021 and 2020, respectively, and an unamortized premium of $5,707 and $6,976 at December 31, 2021 and 2020, respectively.
(5) Includes an unamortized premium of $2,416 at December 31, 2021.
Schedule of Maturities of Long-term Debt
As of December 31, 2021, scheduled principal repayments under our debt agreements for the next five years and thereafter are summarized as follows:
20222023202420252026ThereafterTotal
DRP Revolver$— $— $25,000 $— $— $— $25,000 
Revolving Credit Facility— — 189,473 — — — 189,473 
EB-5 Loan Agreement— — — — 26,100 — 26,100 
2021 Bridge Loans100,527 — — — — — 100,527 
Series 2020 Bonds— — — 79,060 — 184,920 263,980 
Series 2021 Bonds— — — — 9,025 415,975 425,000 
Senior Notes due 2025— — — 850,000 — — 850,000 
Senior Notes due 2027— — — — — 400,000 400,000 
Senior Notes due 2028— — — — — 1,000,000 1,000,000 
Total principal payments on loans and bonds payable$100,527 $— $214,473 $929,060 $35,125 $2,000,895 $3,280,080