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v3.25.1

DEBT OBLIGATIONS (Tables) | 3 Months Ended
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Mar. 31, 2025
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,
​ |  | 2025 |  | 2024
Mortgages payable, gross | ​ | $ | 470,763 | ​ | $ | 424,978
Unamortized deferred financing costs | ​ |  | (4,159) | ​ |  | (3,756)
Unamortized mortgage intangible assets | ​ | ​ | (633) | ​ | ​ | (667)
Mortgages payable, net | ​ | $ | 465,971 | ​ | $ | 420,555
​ ​
Schedule of principal repayments | The following table sets forth, as of March 31, 2025, scheduled principal repayments with respect to the Company’s mortgage debt during the nine months ending December 31, 2025 and for each of the subsequent twelve months through maturity (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter |  | Total
Amortization payments | ​ | $ | 8,291 | ​ | $ | 11,038 | ​ | $ | 9,999 | ​ | $ | 9,356 | ​ | $ | 7,284 | ​ | $ | 30,987 | ​ | $ | 76,955
Principal due at maturity | ​ |  | 13,129 | ​ |  | 18,461 | ​ |  | 44,332 | ​ |  | 30,155 | ​ |  | 79,386 | ​ |  | 208,345 | ​ |  | 393,808
Total | ​ | $ | 21,420 | ​ | $ | 29,499 | ​ | $ | 54,331 | ​ | $ | 39,511 | ​ | $ | 86,670 | ​ | $ | 239,332 | ​ | $ | 470,763
​ ​

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