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DEBT OBLIGATIONS - Line of Credit (Details) - USD ($)
1 Months Ended 12 Months Ended
Nov. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Mar. 06, 2023
Line of credit, net, balances per the consolidated balance sheets          
Line of credit, net   $ 21,068,000 $ 11,484,000    
Line of Credit          
Line of Credit          
Amount available to be borrowed under the facility   78,200,000     $ 88,500,000
Borrowing capacity available for renovation and operating expense purposes   $ 40,000,000     $ 40,000,000
Basis of interest rate 30-day SOFR        
Commitment fee which will be amortized over the remaining term of the facility $ 666,000        
Unused facility fee (as a percent)   0.25%      
Line of credit, net, balances per the consolidated balance sheets          
Line of credit, gross   $ 21,800,000 11,700,000    
Unamortized deferred financing costs   (732,000) (216,000)    
Line of credit, net   $ 21,068,000 $ 11,484,000    
Line of Credit | Agreement Terms          
Line of Credit          
Borrowing capacity available for renovation and operating expense purposes $ 40,000,000        
Percentage of permitted borrowing base available for renovation and operating expense purposes 40.00%        
Line of Credit | Weighted average          
Line of Credit          
Line of credit, interest rate during the period   3.42% 1.86% 2.53%  
Line of Credit | SOFR          
Line of Credit          
Applicable margin at December 31 (as a percent)   1.75%      
Line of Credit | SOFR | Agreement Terms          
Line of Credit          
Basis of interest rate 30-day SOFR        
Line of Credit | SOFR | Minimum | Agreement Terms          
Line of Credit          
Applicable margin (as a percent) 1.75%        
Line of Credit | SOFR | Maximum          
Line of Credit          
Applicable margin (as a percent) 2.75%