XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.25.3

Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Notes Payable | Long-term debt balances, including associated interest rates and maturities consists of the following (in thousands):
|  |  | Weighted average interest rate |  | September 30, 2025 |  | December 31, 2024
| Maturity Date |  | September 30, 2025 |  | December 31, 2024 |  |
Senior secured revolving credit facility | 2027 |  | 6.9% |  | 7.3% |  | $ | 86,050 |  |  | $ | 60,000 |
Fixed rate mortgage notes payable | 2026 to 2045 |  | 4.6% |  | 4.6% |  | 386,784 |  |  | 400,229 |
Variable rate mortgage notes payable (1) | 2026 to 2029 |  | 6.7% |  | 6.5% |  | 189,611 |  |  | 171,530 |
Notes payable - consolidated VIE | 2026 to 2027 |  | 7.0% |  | 7.2% |  | 21,690 |  |  | 21,690 |
Notes payable - insurance | 2025 to 2026 |  | 5.6% |  | 6.9% |  | 3,993 |  |  | 1,707 |
Total debt |  |  |  |  |  |  | 688,128 |  |  | 655,156 |
Deferred loan costs, net |  |  |  |  |  |  | 3,711 |  |  | 3,766 |
Total debt, net of deferred loan costs |  |  |  |  |  |  | 684,417 |  |  | 651,390 |
Current portion of debt |  |  |  |  |  |  | 21,009 |  |  | 15,486 |
Long-term debt, net |  |  |  |  |  |  | $ | 663,408 |  |  | $ | 635,904 |
(1) See “Note 14–Fair Value Measurements” for interest rate cap agreements on variable rate mortgage notes payable.
Schedule of Aggregate Scheduled Maturities of Notes Payable | The following schedule summarizes our debt payable as of September 30, 2025 (in thousands):
Principal payments due in: |
2025 | $ | 3,751 |
2026 | 22,398 |
2027 | 98,647 |
2028 | 134,395 |
2029 | 408,561 |
Thereafter | 20,376 |
Total debt, excluding deferred loan costs | $ | 688,128 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration