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Debt (Tables)
 6 Months Ended
Jun. 30, 2022
Notes and Loans Payable [Abstract]  
Schedule of Debt
The following table summarizes the Company's debt as of June 30, 2022 and December 31, 2021:
Interest
Rate Type		As of June 30, 2022As of December 31, 2021
Maturity DateInterest RateAmountInterest RateAmount
Mortgages Payable
Total mortgages payableVariousFixed3.9500%$163,485 4.0700%$105,955 
Term loans
$200.0 million 5 years
9/22/2026Fixed2.6795% (a)100,000 2.6795% (a)100,000 
$200.0 million 5 years
9/22/2026Fixed2.6795% (a)100,000 2.6795% (a)100,000 
$200.0 million 5.5 years
3/22/2027Fixed2.6915% (a)50,000 2.6915% (a)50,000 
$200.0 million 5.5 years
3/22/2027Fixed2.6990% (a)50,000 2.6990% (a)50,000 
$200.0 million 5.5 years
3/22/2027Variable
1M SOFR +
1.30% (b)
100,000 
1M LIBOR +
 1.20% (b)
100,000 
Total400,000 400,000 
Revolving Line of Credit
$350.0 million total capacity
9/22/2025 (d)Variable
1M SOFR +
 1.14% (b) (c)
143,000 
1M LIBOR +
 1.05% (b)
31,000 
Total debt3.0494%706,485 2.6122%536,955 
Debt discounts and issuance costs, net of accumulated amortization(3,683)(3,873)
Debt, net$702,802 $533,082 
(a)Interest rates reflect the fixed rates effectively achieved through the Company's interest rate swaps.
(b)As of June 30, 2022 and December 31 2021, 1-Month Term SOFR was 1.6860% and 1-Month LIBOR was 0.1013%, respectively.
(c)The Company qualified for a 0.01% sustainability adjustment for the six months ended June 30, 2022.
(d)Maturity date is not inclusive of two six-month extension options.
Schedule of Maturities for Outstanding Mortgage Indebtedness
The following table summarizes the scheduled maturities of the Company's mortgages payable as of June 30, 2022 for the remainder of 2022, each of the next four years and thereafter.
Scheduled maturities by year:As of June 30, 2022
2022$— 
202338,775 
202415,700 
202551,510 
2026— 
Thereafter57,500 
Total mortgage payable maturities$163,485