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Notes Payable, Net
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Notes Payable, Net NOTES PAYABLE, NET
At June 30, 2022 and December 31, 2021, notes payable consisted of the following (in thousands):
June 30, 2022December 31, 2021
7.875% Senior Notes due 2025
$625,000 $625,000 
Unamortized debt issuance costs and discount
(5,116)(5,884)
$619,884 $619,116 
Revolving Credit Facility
The Operating Company has a $125.0 million unsecured revolving credit facility with a maturity date in April 2024, with one option to extend the maturity date by an additional year, subject to the satisfaction of certain conditions including the approval of the administrative agent and lenders. As of June 30, 2022, no funds had been drawn on the Operating Company’s revolving credit facility. However, letters of credit of $0.3 million were issued and outstanding under the revolving credit facility, thus reducing the available capacity to $124.7 million.