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v3.23.2

Subsequent Events (Details) | 1 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Sep. 30, 2023 $ / shares | Aug. 31, 2023 $ / shares | Jul. 31, 2023 USD ($) item $ / shares | Jun. 30, 2023 USD ($) item | Jun. 30, 2022 USD ($) item | Dec. 31, 2022 USD ($)
Debt: |  |  |  |  |  |
Amount borrowed |  |  |  | $ 224,950,000 | $ 99,000,000 |
Advances under notes receivable |  |  |  | 866,000 | $ 36,788,000 |
Number of units | item |  |  |  |  | 217 |
Loan Term |  |  |  |  | 4 years |
Principal payments on senior unsecured notes |  |  |  | 11,000,000 | $ 7,000,000 |
Amount outstanding |  |  |  | 326,350,000 |  | $ 130,000,000
Amount available for borrowing |  |  |  | 73,650,000 |  | 270,000,000
Interest rate (as a percent) |  |  |  |  | 7.25% |
Outstanding Balance |  |  |  | $ 953,389,000 |  | 767,854,000
Mezzanine loan |  |  |  |  |  |
Debt: |  |  |  |  |  |
Advances under notes receivable |  |  |  |  | $ 25,000,000 |
Number of units | item |  |  |  | 136 | 621 |
Loan Term |  |  |  |  | 5 years |
IRR on mortgage loan on real estate property |  |  |  |  | 11.00% |
Interest rate (as a percent) |  |  |  |  | 8.00% |
Revolving line of credit |  |  |  |  |  |
Debt: |  |  |  |  |  |
Amount borrowed |  |  |  | $ 224,950,000 | $ 99,000,000 |
Amount available for borrowing |  |  |  | 73,650,000 |  | 270,000,000
Outstanding Balance |  |  |  | 326,350,000 |  | 130,000,000
Senior Unsecured Notes |  |  |  |  |  |
Debt: |  |  |  |  |  |
Principal payments on senior unsecured notes |  |  |  | 11,000,000 | $ 7,000,000 |
Outstanding Balance |  |  |  | $ 527,456,000 |  | $ 538,343,000
Subsequent Event | Mezzanine loan |  |  |  |  |  |
Debt: |  |  |  |  |  |
Advances under notes receivable |  |  | $ 17,000,000 |  |  |
Number of units | item |  |  | 130 |  |  |
Number of additional units under construction | item |  |  | 89 |  |  |
Loan Term |  |  | 5 years |  |  |
IRR on mortgage loan on real estate property |  |  | 12.00% |  |  |
Interest rate (as a percent) |  |  | 8.75% |  |  |
Subsequent Event | Dividend Payable, July 31, 2023 |  |  |  |  |  |
Equity |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  |  | $ 0.19 |  |  |
Subsequent Event | Dividend Payable, August 31, 2023 |  |  |  |  |  |
Equity |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  | $ 0.19 |  |  |  |
Subsequent Event | Dividend Payable, September 29, 2023 |  |  |  |  |  |
Equity |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares | $ 0.19 |  |  |  |  |
Subsequent Event | Common Stock | Dividend Payable, July 31, 2023 |  |  |  |  |  |
Equity |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  |  | $ 0.19 |  |  |
Subsequent Event | Common Stock | Dividend Payable, August 31, 2023 |  |  |  |  |  |
Equity |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  | $ 0.19 |  |  |  |
Subsequent Event | Common Stock | Dividend Payable, September 29, 2023 |  |  |  |  |  |
Equity |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares | $ 0.19 |  |  |  |  |
Subsequent Event | Revolving line of credit |  |  |  |  |  |
Debt: |  |  |  |  |  |
Amount borrowed |  |  | $ 34,000,000 |  |  |
Amount outstanding |  |  | 360,350,000 |  |  |
Amount available for borrowing |  |  | 39,650,000 |  |  |
Subsequent Event | Senior Unsecured Notes |  |  |  |  |  |
Debt: |  |  |  |  |  |
Principal payments on senior unsecured notes |  |  | 17,160,000 |  |  |
Outstanding Balance |  |  | $ 510,296,000 |  |  |
Subsequent Event | ILF/ALF/MC | Georgia | Mezzanine loan |  |  |  |  |  |
Debt: |  |  |  |  |  |
Number of additional units under construction | item |  |  | 89 |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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