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DEBT OBLIGATIONS (Tables) | 12 Months Ended
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Dec. 31, 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):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2023 |  | 2022
Mortgages payable, gross | ​ | $ | 422,565 | ​ | $ | 409,175
Unamortized deferred financing costs | ​ | ​ | (3,414) | ​ |  | (3,355)
Unamortized mortgage intangible assets (a) | ​ | ​ | (804) | ​ | ​ | (658)
Mortgages payable, net | ​ | $ | 418,347 | ​ | $ | 405,162
(a) | In connection with the assumption of two below-market mortgages upon the acquisition of the Northwood, Ohio and Blythewood, South Carolina properties (see Note 4).
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Schedule of principal repayments | Scheduled principal repayments during the years indicated are as follows (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ending December 31, |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter |  | Total
Amortization payments | ​ | $ | 11,873 | ​ | $ | 10,627 | ​ | $ | 10,491 | ​ | $ | 9,399 | ​ | $ | 8,718 | ​ | $ | 34,283 | ​ | $ | 85,391
Principal due at maturity | ​ |  | 49,906 | ​ |  | 30,850 | ​ |  | 19,179 | ​ |  | 38,524 | ​ |  | 30,155 | ​ |  | 168,560 | ​ |  | 337,174
Total | ​ | $ | 61,779 | ​ | $ | 41,477 | ​ | $ | 29,670 | ​ | $ | 47,923 | ​ | $ | 38,873 | ​ | $ | 202,843 | ​ | $ | 422,565
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,
​ | ​ | 2023 |  |  | 2022
Line of credit, gross | ​ | $ | — | ​ | ​ | $ | 21,800
Unamortized deferred financing costs | ​ | ​ | — | (a) | ​ | ​ | (732)
Line of credit, net | ​ | $ | — | ​ | ​ | $ | 21,068
(a) | In accordance with ASU 2015-15, the Company reclassified the $549 balance of unamortized deferred financing costs to other assets and receivables on the consolidated balance sheet at December 31, 2023, as there was no balance outstanding on the Line of credit.
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