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DEBT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2024

DEBT OBLIGATIONS

Schedule of mortgages payable, net

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

​	​	​	​	​	​	​
​	​	March 31,		​	December 31,
​		2024			2023
Mortgages payable, gross	​	$	420,992	​	$	422,565
Unamortized deferred financing costs	​		(3,683)	​		(3,414)
Unamortized mortgage intangible assets (a)	​	​	(770)	​	​	(804)
Mortgages payable, net	​	$	416,539	​	$	418,347

(a) In connection with the assumption of two below-market mortgages.

​

Schedule of principal repayments

The following table sets forth, as of March 31, 2024, scheduled principal repayments with respect to the Company’s mortgage debt during the nine months ending December 31, 2024 and for each of the subsequent twelve months through maturity (amounts in thousands):

​

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Year Ending December 31,		2024			2025			2026			2027			2028			Thereafter			Total
Amortization payments	​	$	8,954	​	$	10,908	​	$	10,865	​	$	9,797	​	$	9,141	​	$	36,859	​	$	86,524
Principal due at maturity	​		25,309	​		29,157	​		19,179	​		38,525	​		30,156	​		192,142	​		334,468
Total	​	$	34,263	​	$	40,065	​	$	30,044	​	$	48,322	​	$	39,297	​	$	229,001	​	$	420,992

​

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- 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

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- 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

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