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v3.24.3

Subsequent Events (Details) - USD ($) |  | 1 Months Ended | 9 Months Ended |
--- | --- | --- | --- | ---
Oct. 01, 2024 | Dec. 31, 2024 | Nov. 30, 2024 | Oct. 31, 2024 | Sep. 30, 2024 | Sep. 30, 2023 | Dec. 31, 2023
Subsequent Events |  |  |  |  |  |  |
Gross Investment |  |  |  |  | $ 1,342,188,000 |  |
Net Book Value |  |  |  |  | 942,314,000 |  | $ 987,965,000
Pay-offs received |  |  |  |  | (34,094,000) |  |
Revolving line of credit |  |  |  |  | 240,150,000 |  | 302,250,000
Amount available for borrowing |  |  |  |  | 184,850,000 |  | 97,750,000
Proceeds from common stock issued, net of issuance costs |  |  |  |  | 65,629,000 | $ 1,777,000 |
Equity Distribution Agreements |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Amount available under effective shelf registration statement |  |  |  |  | $ 9,558,000 |  |
Common Stock | Equity Distribution Agreements |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Shares common stock sold |  |  |  |  | 1,886,900 | 48,500 |
Proceeds from common stock issued, net of issuance costs |  |  |  |  | $ 65,629,000 | $ 1,777,000 |
Revolving line of credit |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Amount available for borrowing |  |  |  |  | 184,850,000 |  | 97,750,000
Properties sold |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Net Book Value |  |  |  |  | 26,759,000 |  | $ 30,865,000
ALF |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Gross Investment |  |  |  |  | 732,120,000 |  |
ALF | Properties sold |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Gross Investment |  |  |  |  | 5,852,000 |  |
Net Book Value |  |  |  |  | $ 4,058,000 |  |
Subsequent Event | Cash Dividend, October 2024 |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Dividends declared and paid per common share |  |  |  | $ 0.19 |  |  |
Subsequent Event | Cash Dividend, November 2024 |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Dividends declared and paid per common share |  |  | $ 0.19 |  |  |  |
Subsequent Event | Cash Dividend, December 2024 |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Dividends declared and paid per common share |  | $ 0.19 |  |  |  |  |
Subsequent Event | Equity Distribution Agreements |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Amount available under effective shelf registration statement |  |  |  | $ 1,522,000 |  |  |
Subsequent Event | Common Stock | Equity Distribution Agreements |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Shares common stock sold |  |  |  | 226,370 |  |  |
Proceeds from common stock issued, net of issuance costs |  |  |  | $ 7,936,000 |  |  |
Subsequent Event | Revolving line of credit |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Repayment of debt |  |  |  | 93,800,000 |  |  |
Revolving line of credit |  |  |  | 146,350,000 |  |  |
Amount available for borrowing |  |  |  | $ 278,650,000 |  |  |
Subsequent Event | ALF 203 | Georgia |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Pay-offs received | $ 51,111,000 |  |  |  |  |  |
Subsequent Event | Properties sold |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Net Book Value | 5,852,000 |  |  |  |  |  |
Subsequent Event | ALF | Properties sold |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |
Amount of real estate property sold | $ 5,250,000 |  |  |  |  |  |

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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 + Details
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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://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/1943274/2147478546/942-210-S99-1 Reference 3: 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/1943274/2147478777/944-210-S99-1 + Details
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