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DEBT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2022

DEBT OBLIGATIONS

Schedule of mortgages payable, net

The following table details the Mortgages payable, net, balances per the consolidated balance sheets (amounts in thousands):

​	​	​	​	​	​	​	​
​	​	​	December 31,
​		​	2022			2021
Mortgages payable, gross	​	​	$	409,175	​	$	399,660
Unamortized mortgage intangible asset (a)	​	​	​	(658)	​	​	—
Unamortized deferred financing costs	​	​	​	(3,355)	​		(3,316)
Mortgages payable, net	​	​	$	405,162	​	$	396,344

(a) In connection with the assumption of a below-market mortgage upon the acquisition of the Northwood, Ohio properties (see Note 4).

​

Schedule of principal repayments

Scheduled principal repayments during the years indicated are as follows (amounts in thousands):

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Year Ending December 31,		2023			2024			2025			2026			2027			Thereafter			Total
Amortization payments	​	$	12,288	​	$	11,388	​	$	10,037	​	$	9,897	​	$	8,766	​	$	39,489	​	$	91,865
Principal due at maturity	​		12,973	​		50,695	​		32,063	​		19,179	​		38,525	​		163,875	​		317,310
Total	​	$	25,261	​	$	62,083	​	$	42,100	​	$	29,076	​	$	47,291	​	$	203,364	​	$	409,175

​

Schedule of line of credit, net

The following table details the Line of credit, net, balances per the consolidated balance sheets (amounts in thousands):

​	​	​	​	​	​	​	​
​	​	​	December 31,
​		​	2022			2021
Line of credit, gross	​	​	$	21,800	​	$	11,700
Unamortized deferred financing costs	​	​	​	(732)	​	​	(216)
Line of credit, net	​	​	$	21,068	​	$	11,484

​

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