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DEBT OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2023

DEBT OBLIGATIONS

Schedule of mortgages payable, net

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

​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
​		2023			2022
Mortgages payable, gross	​	$	420,886	​	$	409,175
Unamortized deferred financing costs	​		(3,321)	​		(3,355)
Unamortized mortgage intangible assets (a)	​	​	(838)	​	​	(658)
Mortgages payable, net	​	$	416,727	​	$	405,162

(a) In connection with the assumption of below-market mortgages upon the acquisition of the Northwood, Ohio and Blythewood, South Carolina properties (see Note 4).

​

Schedule of principal repayments

The following table sets forth, as of September 30, 2023, scheduled principal repayments with respect to the Company’s mortgage debt during the three months ending December 31, 2023 and for each of the subsequent twelve months through maturity (amounts in thousands):

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		2023			2024			2025			2026			2027			Thereafter			Total
Amortization payments	​	$	3,150	​	$	11,732	​	$	10,449	​	$	10,348	​	$	9,241	​	$	41,844	​	$	86,764
Principal due at maturity	​		6,238	​		50,695	​		32,063	​		19,179	​		38,524	​		187,423	​		334,122
Total	​	$	9,388	​	$	62,427	​	$	42,512	​	$	29,527	​	$	47,765	​	$	229,267	​	$	420,886

​

Schedule of line of credit, net

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

​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
​		2023			2022
Line of credit, gross	​	$	12,500	​	$	21,800
Unamortized deferred financing costs	​		(594)	​		(732)
Line of credit, net	​	$	11,906	​	$	21,068

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+ References

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-Name Accounting Standards Codification
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-SubTopic 10
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-Name Accounting Standards Codification
-Section 50
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-SubTopic 10
-Topic 470
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