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Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | The following table presents a summary of our NLOP Financing Arrangements (dollars in thousands):
NLOP Financing Arrangements |  | Original Principal Balance |  | Interest Rate at March 31, 2024 |  | Maturity Date at March 31, 2024 |  | Principal Outstanding Balance at
|  |  |  | March 31, 2024 |  | December 31, 2023
NLOP Mortgage Loan (a) (b) (c) |  | $ | 335,000 |  |  | 10.4% |  | 11/9/2025 |  | $ | 277,609 |  |  | $ | 288,895 |
NLOP Mezzanine Loan (d) |  | 120,000 |  |  | 14.5% |  | 11/9/2028 |  | 114,336 |  |  | 114,336 |
|  |  |  |  |  |  |  | $ | 391,945 |  |  | $ | 403,231 |
__________ (a)Interest rate is based on SOFR plus 5.0%. The interest rate is subject to an interest rate cap that limits our SOFR rate exposure at 5.35%. (b)The NLOP Mortgage Loan is subject to two separate one-year extension options. (c)Balance excludes unamortized discount of $12.4 million and $15.3 million at March 31, 2024 and December 31, 2023, respectively, and unamortized deferred financing costs of $5.4 million and $6.7 million at March 31, 2024 and December 31, 2023, respectively. (d)Balance excludes unamortized discount of $4.4 million and $5.6 million at March 31, 2024 and December 31, 2023, respectively, and unamortized deferred financing costs of $1.9 million and $2.4 million at March 31, 2024 and December 31, 2023, respectively.
Scheduled Mortgage Debt Principal Payments | Scheduled mortgage debt principal payments as of March 31, 2024 are as follows (in thousands):
Years Ending December 31, |  | Total
2024 (remainder) |  | $ | 33,905 |
2025 |  | 383,919 |
2026 |  | 7,540 |
2027 |  | — |
2028 |  | 114,336 |
Total principal payments |  | 539,700 |
Unamortized discount, net |  | (17,193) |
Unamortized deferred financing costs |  | (7,334) |
Total |  | $ | 515,173 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (S-X 210.12-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
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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 No definition available. + Details
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