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Debt (Tables)
 12 Months Ended
Dec. 31, 2017
Schedule of Long-term Debt Instruments [Table Text Block]
Mortgages payable consisted of the following:
 
 
 
December 31, 2017
 
December 31, 2016
 
(not presented in thousands)
 
(in thousands)
 
Note payable in monthly installments of interest only at LIBOR plus 160 basis points, swapped to a fixed rate of 2.49% with a balloon payment due April 4, 2018
 
$
25,000
 
$
25,000
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of interest only at 3.32% per annum, with a balloon payment due October 2019
 
 
21,500
 
 
-
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $153,838, including interest at 6.90% per annum, with the final monthly payment due January 2020
 
 
3,573
 
 
5,114
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $23,004, including interest at 6.24% per annum, with a balloon payment of $2,781,819 due February 2020
 
 
2,963
 
 
3,049
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of interest only at 3.60% per annum, with a balloon payment due January 1, 2023
 
 
23,640
 
 
23,640
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $35,673, including interest at 5.01% per annum, with a balloon payment of $4,034,627 due September 2023
 
 
5,131
 
 
5,294
 
 
 
 
 
 
 
 
 
Note payable in monthly installments of $91,675 including interest at 6.27% per annum, with a final monthly payment due July 2026
 
 
7,288
 
 
7,910
 
 
 
 
 
 
 
 
 
Total principal
 
 
89,095
 
 
70,007
 
Unamortized debt issuance costs
 
 
(825)
 
 
(940)
 
Total
 
$
88,270
 
$
69,067
 
Schedule of Maturities of Long-term Debt [Table Text Block]
The following table presents scheduled principal payments related to our debt as of December 31, 2017 (in thousands):
 
 
 
Scheduled
 
Balloon
 
 
 
 
 
Principal
 
Payment
 
Total
 
2018
 
$
3,336
 
$
25,000
 
$
28,336
 
2019
 
 
2,751
 
 
40,044
 
 
42,795
 
2020
 
 
1,092
 
 
2,775
 
 
3,867
 
2021 (1)
 
 
998
 
 
14,000
 
 
14,998
 
2022
 
 
1,060
 
 
-
 
 
1,060
 
Thereafter
 
 
3,687
 
 
427,656
 
 
431,343
 
Total
 
$
12,924
 
$
509,475
 
$
522,399
 
 
(1)
The balloon payment balance includes the balance outstanding under the Credit Facility as of December 31, 2017. The Credit Facility matures in January 2021, with options to extend the maturity for one year at the Company’s election, subject to certain conditions.
Senior Unsecured Notes [Member]  
Schedule of Maturities of Long-term Debt [Table Text Block]
The following table presents the Senior Unsecured Notes balance net of unamortized debt issuance costs as of December 31, 2017, and 2016 (in thousands):
 
 
 
December 31, 2017
 
December 31, 2016
 
 
 
 
 
 
 
 
 
2025 Senior Unsecured Notes
 
$
50,000
 
$
50,000
 
2027 Senior Unsecured Notes
 
 
50,000
 
 
50,000
 
2028 Senior Unsecured Notes
 
 
60,000
 
 
60,000
 
2029 Senior Unsecured Notes
 
 
100,000
 
 
-
 
Total Principal
 
 
260,000
 
 
160,000
 
 
 
 
 
 
 
 
 
Unamortized debt issuance costs
 
 
(878)
 
 
(824)
 
Total
 
$
259,122
 
$
159,176
 
Unsecured Debt [Member]  
Schedule of Maturities of Long-term Debt [Table Text Block]
The following table presents the Unsecured Term Loans balance net of unamortized debt issuance costs as of December 31, 2017 and 2016 (in thousands):
 
 
 
December 31, 2017
 
December 31, 2016
 
 
 
 
 
 
 
 
 
2019 Term Loan
 
$
19,304
 
$
20,044
 
2023 Term Loan
 
 
40,000
 
 
40,000
 
2024 Term Loans
 
 
100,000
 
 
100,000
 
Total Principal
 
 
159,304
 
 
160,044
 
 
 
 
 
 
 
 
 
Unamortized debt issuance costs
 
 
(1,133)
 
 
(1,365)
 
Total
 
$
158,171
 
$
158,679