XML 59 R44.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Debt (Details) | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2021 USD ($) property | Aug. 20, 2021 USD ($) | Dec. 31, 2020 USD ($) property
Debt Instrument |  |  |
Total Unsecured and Secured Debt | $ 725,000,000 |  | $ 461,271,000
Less: Unamortized premium/discount and debt issuance costs | (4,330,000) |  | (2,153,000)
Total debt, net | $ 720,670,000 |  | 459,118,000
Number of properties (property) | property | 253 |  |
Line of credit |  |  |
Debt Instrument |  |  |
Total Unsecured and Secured Debt | $ 0 |  | 0
Line of credit | LIBOR |  |  |
Debt Instrument |  |  |
Basis spread on variable rate | 1.00% |  |
Unsecured Debt |  |  |
Debt Instrument |  |  |
Total Unsecured and Secured Debt | $ 725,000,000 |  | 450,000,000
Unsecured Debt | 5-Year Term Loan B |  |  |
Debt Instrument |  |  |
Debt instrument, face amount |  | $ 100,000,000 | 100,000,000.0
Total Unsecured and Secured Debt | $ 100,000,000 |  | 100,000,000
Unsecured Debt | 5-Year Term Loan B | Debt Instrument, Fixed Rate |  |  |
Debt Instrument |  |  |
Debt instrument, face amount |  |  | 50,000,000
Unsecured Debt | 5-Year Term Loan B | LIBOR |  |  |
Debt Instrument |  |  |
Basis spread on variable rate | 1.15% |  |
Unsecured Debt | 5-Year Term Loan B | LIBOR | Minimum |  |  |
Debt Instrument |  |  |
Basis spread on variable rate | 1.15% |  |
Unsecured Debt | 5-Year Term Loan B | LIBOR | Maximum |  |  |
Debt Instrument |  |  |
Basis spread on variable rate | 1.65% |  |
Unsecured Debt | $50M 7-Year Unsecured |  |  |
Debt Instrument |  |  |
Debt instrument, face amount | $ 50,000,000 |  |
Debt term (years) | 7 years |  |
Total Unsecured and Secured Debt | $ 50,000,000 |  | 50,000,000
Interest rate | 4.20% |  |
Unsecured Debt | $100M 7-Year Unsecured |  |  |
Debt Instrument |  |  |
Debt instrument, face amount | $ 100,000,000 |  |
Debt term (years) | 7 years |  |
Total Unsecured and Secured Debt | $ 100,000,000 |  | 100,000,000
Interest rate | 3.80% |  |
Unsecured Debt | $50M 10-Year Unsecured |  |  |
Debt Instrument |  |  |
Debt instrument, face amount | $ 50,000,000 |  |
Debt term (years) | 10 years |  |
Total Unsecured and Secured Debt | $ 50,000,000 |  | 50,000,000
Interest rate | 4.00% |  |
Unsecured Debt | $50M 12-Year Unsecured |  |  |
Debt Instrument |  |  |
Debt instrument, face amount | $ 50,000,000 |  |
Debt term (years) | 12 years |  |
Total Unsecured and Secured Debt | $ 50,000,000 |  | 50,000,000
Interest rate | 4.70% |  |
Unsecured Debt | $100M 7-Year Unsecured |  |  |
Debt Instrument |  |  |
Debt instrument, face amount | $ 100,000,000 |  |
Debt term (years) | 7 years |  |
Total Unsecured and Secured Debt | $ 100,000,000 |  | 100,000,000
Interest rate | 2.40% |  |
Unsecured Debt | $100M 10-Year Unsecured |  |  |
Debt Instrument |  |  |
Debt instrument, face amount | $ 100,000,000 |  |
Debt term (years) | 10 years |  |
Total Unsecured and Secured Debt | $ 100,000,000 |  | 0
Interest rate | 3.10% |  |
Unsecured Debt | $125M 10-Year Unsecured |  |  |
Debt Instrument |  |  |
Debt instrument, face amount | $ 125,000,000 |  |
Debt term (years) | 9 years |  |
Total Unsecured and Secured Debt | $ 125,000,000 |  | 0
Interest rate | 2.40% |  |
Unsecured Debt | $50M 9-Year Unsecured |  |  |
Debt Instrument |  |  |
Debt instrument, face amount | $ 50,000,000 |  |
Debt term (years) | 10 years |  |
Total Unsecured and Secured Debt | $ 50,000,000 |  | 0
Interest rate | 2.80% |  |
Secured Debt |  |  |
Debt Instrument |  |  |
Total Unsecured and Secured Debt | $ 0 |  | 11,271,000
Secured Debt | Belleville |  |  |
Debt Instrument |  |  |
Total Unsecured and Secured Debt | $ 0 |  | 11,271,000
Total debt, net |  |  | $ 11,300,000
Interest rate | 5.50% |  |
Number of properties (property) | property |  |  | 1

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