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Debt Obligations, net (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of debt obligations

The Company’s debt obligations were as follows ($ in thousands):

​	​	​	​	​	​	​	​	​	​	​
​	​	Carrying Value as of					​	Stated	​	Scheduled
​		September 30, 2023			December 31, 2022			Interest Rates		Maturity Date
Debt obligations:		​			​		​
Safe Credit Facility	​	$	115,000	​	$	—	​	8.00	%	March 2027
Margin Loan Facility	​		100,000	​		—	​	SOFR plus 3.00	%	March 2026
Total debt obligations	​		215,000	​		—	​
Debt discounts and deferred financing costs, net	​		(2,181)	​		—	​
Total debt obligations, net(1)	​	$	212,819	​	$	—	​

(1) During the three and nine months ended September 30, 2023, the Company capitalized interest expense on qualifying real estate assets of $0.6 million and $1.6 million, respectively.

Schedule of future scheduled maturities of outstanding debt obligations

Future Scheduled Maturities—As of September 30, 2023, future scheduled maturities of outstanding debt obligations are as follows ($ in thousands):

​

​	​	​	​
2023	​	$	—
2024	​		—
2025	​		—
2026	​		100,000
2027	​		115,000
Thereafter	​		—
Total principal maturities	​		215,000
Unamortized discounts and deferred financing costs, net	​		(2,181)
Total debt obligations, net	​	$	212,819

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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.

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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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