XML 43 R31.htm IDEA: XBRL DOCUMENT v3.23.1

MORTGAGE LOANS AND NOTES PAYABLE (Tables) - Mortgage Loans

3 Months Ended

Mar. 31, 2023

Summary of debt

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Carrying Value as of					​	​	​	​	​
​		March 31,		​	December 31,			Effective		​	Maturity
Mortgage Loans and Notes Payable		2023			2022			Interest Rate		​	Date
​	​	(in thousands)					​	​	​	​	​
Nashville V, TN	​	$	2,133	​	$	2,148	​	3.85	%	​	Jun-23
New York, NY	​	​	28,492	​	​	28,669	​	3.51	%	​	Jun-23
Annapolis I, MD	​	​	4,856	​	​	4,906	​	3.78	%	​	May-24
Brooklyn XV, NY	​	​	15,005	​	​	15,093	​	2.15	%	​	May-24
Long Island City IV, NY	​	​	12,188	​	​	12,270	​	2.15	%	​	May-24
Long Island City II, NY	​	​	18,170	​	​	18,283	​	2.25	%	​	Jul-26
Long Island City III, NY	​	​	18,177	​	​	18,290	​	2.25	%	​	Aug-26
Flushing II, NY	​	​	54,300	​	​	54,300	​	2.15	%	​	Jul-29
Principal balance outstanding	​	​	153,321	​	​	153,959	​	​	​	​	​
Plus: Unamortized fair value adjustment	​	​	9,556	​		10,228	​	​	​	​	​
Less: Loan procurement costs, net	​	​	(1,166)	​	​	(1,269)	​	​	​	​	​
Total mortgage loans and notes payable, net	​	$	161,711	​	$	162,918	​	​	​	​	​

Schedule of the future principal payment requirements on the outstanding mortgage loans and notes payable

The following table represents the future principal payment requirements on the outstanding mortgage loans and notes payable as of March 31, 2023 (in thousands):

​

​	​	​	​
2023		$	31,953
2024	​		32,329
2025	​		979
2026	​		33,760
2027	​		—
2028 and thereafter	​		54,300
Total mortgage payments	​		153,321
Plus: Unamortized fair value adjustment	​		9,556
Less: Loan procurement costs, net	​	​	(1,166)
Total mortgage loans and notes payable, net	​	$	161,711

X

- 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

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=us-gaap_MortgagesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: