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MORTGAGE LOANS AND NOTES PAYABLE (Tables) - Mortgage Loans | 12 Months Ended
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Dec. 31, 2022
Summary of debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying Value as of | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | Effective | ​ | Maturity
Mortgage Loans and Notes Payable |  | 2022 |  | 2021 |  | Interest Rate | ​ | Date
​ | ​ | (in thousands) | ​ | ​ | ​ | ​ | ​
Nashville V, TN | ​ | $ | 2,148 | ​ | $ | 2,206 | ​ | 3.85 | % | ​ | Jun-23
New York, NY | ​ | ​ | 28,669 | ​ | ​ | 29,340 | ​ | 3.51 | % | ​ | Jun-23
Annapolis I, MD | ​ | ​ | 4,906 | ​ | ​ | 5,099 | ​ | 3.78 | % | ​ | May-24
Brooklyn XV, NY | ​ | ​ | 15,093 | ​ | ​ | 15,423 | ​ | 2.15 | % | ​ | May-24
Long Island City IV, NY | ​ | ​ | 12,270 | ​ | ​ | 12,580 | ​ | 2.15 | % | ​ | May-24
Long Island City II, NY | ​ | ​ | 18,283 | ​ | ​ | 18,714 | ​ | 2.25 | % | ​ | Jul-26
Long Island City III, NY | ​ | ​ | 18,290 | ​ | ​ | 18,723 | ​ | 2.25 | % | ​ | Aug-26
Flushing II, NY | ​ | ​ | 54,300 | ​ | ​ | 54,300 | ​ | 2.15 | % | ​ | Jul-29
Principal balance outstanding | ​ | ​ | 153,959 | ​ | ​ | 156,385 | ​ | ​ | ​ | ​ | ​
Plus: Unamortized fair value adjustment | ​ | ​ | 10,228 | ​ |  | 12,981 | ​ | ​ | ​ | ​ | ​
Less: Loan procurement costs, net | ​ | ​ | (1,269) | ​ | ​ | (1,690) | ​ | ​ | ​ | ​ | ​
Total mortgage loans and notes payable, net | ​ | $ | 162,918 | ​ | $ | 167,676 | ​ | ​ | ​ | ​ | ​
​
Schedule of the future principal payment requirements on the outstanding mortgage loans and notes payable | ​
​ | ​ | ​ | ​
2023 |  | $ | 32,591
2024 | ​ |  | 32,329
2025 | ​ |  | 979
2026 | ​ |  | 33,760
2027 | ​ |  | —
2028 and thereafter | ​ |  | 54,300
Total mortgage payments | ​ |  | 153,959
Plus: Unamortized fair value adjustment | ​ |  | 10,228
Less: Loan procurement costs, net | ​ | ​ | (1,269)
Total mortgage loans and notes payable, net | ​ | $ | 162,918

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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