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v3.23.1

Mortgage Notes Payable and Credit Facility - Company's Mortgage Notes Payable and Line of Credit (Details) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2023 USD ($) property mortgage | Dec. 31, 2022 USD ($)
Debt Instrument [Line Items] |  |
Encumbered properties | property | 134 |
Total | $ 747,546 | $ 749,206
Weighted average interest rate on debt outstanding | 4.24% |
SOFR |  |
Debt Instrument [Line Items] |  |
Variable rate at period end | 4.87% |
Mortgage notes payable |  |
Debt Instrument [Line Items] |  |
Encumbered properties | property | 50 |
Carrying value | $ 357,034 |
Premiums and discounts, net | (72) | (83)
Deferred financing costs, net | (2,406) | (2,565)
Total | $ 354,556 | 359,389
Number of mortgage notes payable | mortgage | 44 |
Weighted average interest rate on debt outstanding | 5.33% |
Fixed rate mortgage loans |  |
Debt Instrument [Line Items] |  |
Encumbered properties | property | 50 |
Carrying value | $ 357,034 | 362,037
Fixed rate mortgage loans | Minimum |  |
Debt Instrument [Line Items] |  |
Stated interest rate | 2.80% |
Fixed rate mortgage loans | Maximum |  |
Debt Instrument [Line Items] |  |
Stated interest rate | 6.63% |
Variable rate mortgage loans |  |
Debt Instrument [Line Items] |  |
Encumbered properties | property | 0 |
Carrying value | $ 0 | 0
Variable rate revolving credit facility | Revolving Credit Facility |  |
Debt Instrument [Line Items] |  |
Encumbered properties | property | 84 |
Carrying value | $ 26,250 | 23,250
Total | $ 26,250 | 23,250
Scheduled maturity dates | Aug. 18, 2026 |
Variable rate revolving credit facility | Revolving Credit Facility | SOFR |  |
Debt Instrument [Line Items] |  |
Spread on debt | 1.50% |
Credit Facility |  |
Debt Instrument [Line Items] |  |
Deferred financing costs, net | $ (3,260) | (3,433)
Total | 366,740 | 366,567
Variable rate term loan facility A |  |
Debt Instrument [Line Items] |  |
Carrying value | $ 160,000 | 160,000
Scheduled maturity dates | Aug. 18, 2027 |
Variable rate term loan facility A | SOFR |  |
Debt Instrument [Line Items] |  |
Spread on debt | 1.45% |
Variable rate term loan facility B |  |
Debt Instrument [Line Items] |  |
Carrying value | $ 60,000 | 60,000
Scheduled maturity dates | Feb. 11, 2026 |
Variable rate term loan facility B | SOFR |  |
Debt Instrument [Line Items] |  |
Spread on debt | 1.45% |
Variable rate term loan facility C |  |
Debt Instrument [Line Items] |  |
Carrying value | $ 150,000 | $ 150,000
Scheduled maturity dates | Feb. 18, 2028 |
Variable rate term loan facility C | SOFR |  |
Debt Instrument [Line Items] |  |
Spread on debt | 1.45% |

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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
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