XML 74 R63.htm IDEA: XBRL DOCUMENT v3.25.2
DEBT - Debt Activity (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2024
Debt [Roll Forward]      
Outstanding, beginning balance      
Long-term debt, beginning balance   $ 505,732  
Payment of deferred debt origination costs   2,069 $ 206
Total Debt, Net   48,435  
Repayments   (20,020)  
Accretion & (Amortization)   1,466 1,133
Amortization of debt discount (premium)   52 10
Accretion & (Amortization)   1,458  
Outstanding, ending balance $ 541,970 541,970  
Long-term debt, ending balance 535,605 535,605  
Write off deferred debt issuance costs   158 $ 0
Mortgages Payable:      
Debt [Roll Forward]      
Outstanding, beginning balance   440,446  
Deferred debt origination costs, beginning balance   (3,995)  
Long-term debt, beginning balance   436,451  
Debt Issuances & Assumptions   42,065  
Payment of deferred debt origination costs   1,880  
Net proceeds   40,185  
Repayments   (100)  
Accretion & (Amortization)   1,236  
Outstanding, ending balance 482,411 482,411  
Deferred debt origination costs, ending balance (4,639) (4,639)  
Long-term debt, ending balance 477,772 477,772  
Mortgages Payable: | Fixed rate mortgages payable      
Debt [Roll Forward]      
Outstanding, beginning balance   269,100  
Debt Issuances & Assumptions   0  
Repayments   0  
Outstanding, ending balance 269,100 269,100  
Mortgages Payable: | Variable rate mortgages payable      
Debt [Roll Forward]      
Outstanding, beginning balance   171,346  
Debt Issuances & Assumptions   42,065  
Repayments   (100)  
Outstanding, ending balance 213,311 213,311  
Secured Borrowings Principal      
Debt [Roll Forward]      
Outstanding, beginning balance   1,361  
Long-term debt, beginning balance   1,383  
Premiums (discounts), beginning balance   22  
Repayments   (26)  
Amortization of debt discount (premium)   (1)  
Outstanding, ending balance 1,335 1,335  
Premiums (discounts), ending balance 21 21  
Long-term debt, ending balance 1,356 1,356  
Other Debt      
Debt [Roll Forward]      
Outstanding, beginning balance      
Long-term debt, beginning balance   67,898  
Debt Issuances & Assumptions   8,250  
Repayments   (19,894)  
Accretion & (Amortization)   223  
Outstanding, ending balance 49,974 49,974  
Long-term debt, ending balance 56,477 56,477  
Line of Credit | Revolving Credit Facility      
Debt [Roll Forward]      
Outstanding, beginning balance      
Outstanding, ending balance 8,250 8,250  
Line of Credit | Revolving Credit Facility | Lending division revolving credit facility      
Debt [Roll Forward]      
Outstanding, beginning balance   0  
Debt Issuances & Assumptions   8,250  
Repayments   0  
Outstanding, ending balance 8,250 8,250  
Line of Credit | Revolving Credit Facility | 2022 credit facility revolver      
Debt [Roll Forward]      
Outstanding, beginning balance   1,367  
Debt Issuances & Assumptions   0  
Repayments   (1,367)  
Outstanding, ending balance 0 0  
Write off deferred debt issuance costs 29    
Line of Credit | Secured Borrowings Principal      
Debt [Roll Forward]      
Outstanding, beginning balance   13,633  
Debt Issuances & Assumptions   0  
Repayments   (13,633)  
Outstanding, ending balance 0 0  
Write off deferred debt issuance costs 59    
Junior subordinated notes      
Debt [Roll Forward]      
Outstanding, beginning balance   27,070  
Premiums (discounts), beginning balance   (1,296)  
Debt Issuances & Assumptions   0  
Repayments   0  
Accretion & (Amortization)   53  
Outstanding, ending balance 27,070 27,070  
Premiums (discounts), ending balance (1,243) (1,243)  
SBA 7(a) loan-backed notes      
Debt [Roll Forward]      
Outstanding, beginning balance   27,857  
Debt Issuances & Assumptions   0  
Repayments   (4,953)  
Outstanding, ending balance 22,904 22,904  
Deferred debt origination costs — other      
Debt [Roll Forward]      
Deferred debt origination costs, beginning balance   (733)  
Payment of deferred debt origination costs   0  
Repayments   (59)  
Accretion & (Amortization)   170  
Deferred debt origination costs, ending balance $ (504) $ (504)