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Debt Obligations (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Obligations |
Schedule of interest rate swaps | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Notional | ​ | Fair Value at
Date Entered | ​ | Maturity Date | ​ | Swap Rate | ​ | Rate Index | ​ | ​ | Amount | ​ | ​ | December 31, 2022 | ​ | ​
November 2021 | ​ | November 19, 2025 | ​ | 2.62 | % | ​ | 1-month SOFR | ​ | $ | 50,000 | ​ | $ | 4,003 | ​ | ​
November 2021 | ​ | November 19, 2026 | ​ | 2.76 | % | ​ | 1-month SOFR | ​ | ​ | 50,000 | ​ | ​ | 4,716 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 100,000 | ​ | $ | 8,719 | ​ | ​
Schedule of Debt Obligations | The following table sets forth information regarding debt obligations by component as of December 31, 2022 and 2021 (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | At December 31, 2022 | ​ | At December 31, 2021 | ​
​ | ​ | Applicable | ​ | ​ | ​ | Available | ​ | ​ | ​ | Available | ​
​ | ​ | Interest | ​ | Outstanding | ​ | for | ​ | Outstanding | ​ | for | ​
Debt Obligations | ​ | Rate (1) | ​ | Balance | ​ | Borrowing | ​ | Balance | ​ | Borrowing | ​
Revolving line of credit (2) | ​ | 5.38% | ​ | $ | 130,000 | ​ | $ | 270,000 | ​ | $ | 110,900 | ​ | $ | 289,100 | ​
Term loans, net of debt issue costs | ​ | 2.69% | ​ | ​ | 99,511 | ​ | ​ | — | ​ | ​ | 99,363 | ​ | ​ | — | ​
Senior unsecured notes, net of debt issue costs (3) | ​ | 4.25% | ​ | ​ | 538,343 | ​ | ​ | — | ​ | ​ | 512,456 | ​ | ​ | — | ​
Total | ​ | 4.24% | ​ | $ | 767,854 | ​ | $ | 270,000 | ​ | $ | 722,719 | ​ | $ | 289,100 | ​
(1) | Represents weighted average of interest rate as of December 31, 2022.
​
(2) | Subsequent to December 31, 2022, we had a net borrowing of $162,700 under our unsecured revolving line of credit. Accordingly, we have $292,700 outstanding and $107,300 available for borrowing under our unsecured revolving line of credit.
​
(3) | Subsequent to December 31, 2022, we paid $7,000 under our senior unsecured notes, accordingly we have $531,343 outstanding, net of debt issue costs, under our senior unsecured notes.
Schedule of borrowings and repayments | Our borrowings and repayments for the years ended December 31, 2022, 2021 and 2020 are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
Debt Obligations | ​ | ​ | Borrowings | ​ | ​ | Repayments | ​ | Borrowings | ​ | Repayments | ​ | Borrowings | ​ | Repayments
Revolving line of credit (1) | ​ | $ | 194,000 | ​ | $ | (174,900) | ​ | $ | 204,400 | ​ | $ | (183,400) | ​ | $ | 24,000 | ​ | $ | (28,000)
Term loans | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Senior unsecured notes (2) | ​ | ​ | 75,000 | ​ | ​ | (48,160) | ​ | ​ | — | ​ | ​ | (47,160) | ​ | ​ | — | ​ | ​ | (40,160)
Total | ​ | $ | 269,000 | ​ | $ | (223,060) | ​ | $ | 304,400 | ​ | $ | (230,560) | ​ | $ | 24,000 | ​ | $ | (68,160)
(1) | Subsequent to December 31, 2022, we had a net borrowing of $162,700 under our unsecured revolving line of credit. Accordingly, we have $292,700 outstanding and $107,300 available for borrowing under our unsecured revolving line of credit.
​
(2) | Subsequent to December 31, 2022, we paid $7,000 under our senior unsecured notes, accordingly we have $531,343 outstanding, net of debt issue costs, under our senior unsecured notes.
Schedule of principal payments and amounts due at maturity |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total | ​ | 2023 | ​ | 2024 | ​ | 2025 | ​ | 2026 | ​ | 2027 | ​ | Thereafter |
Revolving line of credit | ​ | $ | 130,000 | (1) | $ | — | ​ | $ | — | ​ | $ | 130,000 | (1) | $ | — | ​ | $ | — | ​ | $ | — | ​
Term loans | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 50,000 | ​ | ​ | 50,000 | ​ | ​ | — | ​ | ​ | — | ​
Senior unsecured notes | ​ |  | 539,820 | (2) |  | 49,160 | (2) |  | 49,160 | ​ |  | 49,500 | ​ |  | 51,500 | ​ | ​ | 54,500 | ​ |  | 286,000 | ​
​ | ​ | $ | 769,820 | ​ | $ | 49,160 | ​ | $ | 49,160 | ​ | $ | 229,500 | ​ | $ | 101,500 | ​ | $ | 54,500 | ​ | $ | 286,000 | ​
(1) | Subsequent to December 31, 2022, we borrowed $162,700 under our unsecured revolving line of credit. Accordingly, we have $292,700 outstanding and $107,300 available for borrowing under our unsecured revolving line of credit.
​
(2) | Subsequent to December 31, 2022, we paid $7,000 under our senior unsecured notes, accordingly we have $531,343 outstanding, net of debt issue costs, under our senior unsecured notes.

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