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Debt Obligations (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Obligations |
Schedule of interest rate swaps | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Notional | ​ | Fair Value at December 31, | ​
Date Entered | ​ | Maturity Date | ​ | Swap Rate | ​ | Rate Index | ​ | ​ | Amount | ​ | ​ | 2023 | ​ | ​ | ​ | 2022 | ​
November 2021 | ​ | November 19, 2025 | ​ | 2.62 | % | ​ | 1-month SOFR | ​ | $ | 50,000 | ​ | $ | 2,698 | ​ | ​ | $ | 4,003 | ​
November 2021 | ​ | November 19, 2026 | ​ | 2.76 | % | ​ | 1-month SOFR | ​ | ​ | 50,000 | ​ | ​ | 3,412 | ​ | ​ | ​ | 4,716 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 100,000 | ​ | $ | 6,110 | ​ | ​ | $ | 8,719 | ​
Schedule of Debt Obligations | The following table sets forth information regarding debt obligations by component as of December 31, 2023 and 2022 (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | At December 31, 2023 | ​ | At December 31, 2022 | ​
​ | ​ | Applicable | ​ | ​ | ​ | Available | ​ | ​ | ​ | Available | ​
​ | ​ | Interest | ​ | Outstanding | ​ | for | ​ | Outstanding | ​ | for | ​
Debt Obligations | ​ | Rate (1) | ​ | Balance | ​ | Borrowing | ​ | Balance | ​ | Borrowing | ​
Revolving line of credit | ​ | 6.66% | ​ | $ | 302,250 | ​ | $ | 97,750 | ​ | $ | 130,000 | ​ | $ | 270,000 | ​
Term loans, net of debt issue costs | ​ | 2.74% | ​ | ​ | 99,658 | ​ | ​ | — | ​ | ​ | 99,511 | ​ | ​ | — | ​
Senior unsecured notes, net of debt issue costs | ​ | 4.20% | ​ | ​ | 489,409 | ​ | ​ | — | ​ | ​ | 538,343 | ​ | ​ | — | ​
Total | ​ | 4.87% | ​ | $ | 891,317 | ​ | $ | 97,750 | ​ | $ | 767,854 | ​ | $ | 270,000 | ​
(1) | Represents weighted average of interest rate as of December 31, 2023.
​
(2) | Subsequent to December 31, 2023, we repaid $30,500 under our unsecured revolving line of credit. Accordingly, we have $271,750 outstanding and $128,250 available for borrowing under our unsecured revolving line of credit.
Schedule of borrowings and repayments | Our borrowings and repayments for the years ended December 31, 2023, 2022 and 2021 are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ | ​ | 2023 | ​ | 2022 | ​ | 2021
Debt Obligations | ​ | ​ | Borrowings | ​ | ​ | Repayments | ​ | Borrowings | ​ | Repayments | ​ | Borrowings | ​ | Repayments
Revolving line of credit | ​ | $ | 277,450 | ​ | $ | (105,200) | (1) | $ | 194,000 | ​ | $ | (174,900) | ​ | $ | 204,400 | ​ | $ | (183,400)
Term loans | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 100,000 | ​ | ​ | —
Senior unsecured notes | ​ | ​ | — | ​ | ​ | (49,160) | ​ | ​ | 75,000 | ​ | ​ | (48,160) | ​ | ​ | — | ​ | ​ | (47,160)
Total | ​ | $ | 277,450 | ​ | $ | (154,360) | ​ | $ | 269,000 | ​ | $ | (223,060) | ​ | $ | 304,400 | ​ | $ | (230,560)
(1) | Subsequent to December 31, 2023, we repaid $30,500 under our unsecured revolving line of credit. Accordingly, we have $271,750 outstanding and $128,250 available for borrowing under our unsecured revolving line of credit.
Schedule of principal payments and amounts due at maturity | The following table represents our long-term contractual obligations (scheduled principal payments and amounts due at maturity) as of December 31, 2023, and excludes the effects of interest and debt issue costs (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total | ​ | 2024 | ​ | 2025 | ​ | 2026 | ​ | 2027 | ​ | 2028 | ​ | Thereafter |
Revolving line of credit | ​ | $ | 302,250 | (1) | $ | — | ​ | $ | 302,250 | (2) | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​
Term loans | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | 50,000 | ​ | ​ | 50,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Senior unsecured notes | ​ |  | 490,660 | ​ |  | 49,160 | ​ |  | 49,500 | ​ |  | 51,500 | ​ |  | 54,500 | ​ | ​ | 55,000 | ​ |  | 231,000 | ​
​ | ​ | $ | 892,910 | ​ | $ | 49,160 | ​ | $ | 401,750 | ​ | $ | 101,500 | ​ | $ | 54,500 | ​ | $ | 55,000 | ​ | $ | 231,000 | ​
(1) | Subsequent to December 31, 2023, we repaid $30,500 under our unsecured revolving line of credit. Accordingly, we have $271,750 outstanding and $128,250 available for borrowing under our unsecured revolving line of credit.
​
(2) | Subsequent to December 31, 2023, we exercised our option to extend the maturity date of our Credit Agreement to November 19, 2026.

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