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DEBT, NET (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Our debt, net is summarized as follows:
|  |  |  |  | Outstanding Borrowings
| Stated Interest Rate |  | Maturity Date |  | March 31, 2024 |  | December 31, 2023
Loans payable |  |  |  |  |  |  |
DRP Revolver (1) | (i) Base Rate + 2.75%; or (ii) Base Rate + 3.75% (Term Secured Overnight Financing Rate (“SOFR”)) |  | 11/5/26 |  | $ | 44,250 |  |  | $ | 44,250 |
EB-5 Loan Agreement | 5.75% |  | (i) 1/25/26 (ii) 11/26/27 |  | 63,800 |  |  | 63,800 |
Total loans payable |  |  |  |  | 108,050 |  |  | 108,050 |
Bonds payable |  |  |  |  |  |  |
Series 2020 Bonds | (i) Tax Exempt Series 2020A Bonds: 3.625% (ii) Tax Exempt Series 2020A Bonds: 4.00% (iii) Taxable Series 2020B Bonds: 6.00% |  | (i) 1/1/35 (ii) 1/1/50 (iii) 1/1/25 |  | 263,980 |  |  | 263,980 |
Series 2021 Bonds | (i) Series 2021A Bonds: 1.875% to 3.000% (ii) Series 2021B Bonds: 4.100% |  | (i) 1/1/26 to 1/1/50 (ii) 1/1/28 |  | 425,000 |  |  | 425,000 |
Senior Notes due 2027 (2) | 10.500% |  | 6/1/27 |  | 576,607 |  |  | 575,181 |
Total bonds payable |  |  |  |  | 1,265,587 |  |  | 1,264,161 |
Total debt |  |  |  |  | 1,373,637 |  |  | 1,372,211 |
Less: Debt issuance costs |  |  |  |  | (29,448) |  |  | (31,301) |
Total debt, net |  |  |  |  | $ | 1,344,189 |  |  | $ | 1,340,910 |
Total debt due within one year |  |  |  |  | $ | 79,060 |  |  | $ | — |
________________________________________________________ (1) Requires a quarterly commitment fee at a rate of 1.000% on the average daily unused portion, as well as customary letter of credit fees and agency fees. (2) Includes an unamortized discount of $23,393 and $24,819 at March 31, 2024 and December 31, 2023, respectively.

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