Annual report pursuant to Section 13 and 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Tables)

v3.22.0.1
Credit Facility, Notes Payable and Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Notes Payable and Revolving Credit Facility  
Schedule of Outstanding borrowings

As of December 2021 and 2020, the Company had the following outstanding borrowings under the Credit Facility:

    

December 31, 2021

    

December 31, 2020

Revolver

$

172,600

$

175,200

Term Loan

 

350,000

 

350,000

Less: Unamortized debt issuance costs

 

(8,033)

 

(3,559)

Credit Facility, net

$

514,567

$

521,641

Schedule of Aggregate balances of loans payable

The Company’s notes payable, net, includes four loans: (1) the Rosedale Loan, (2) the Dumfries Loan, (3) the Cantor Loan, and (4) the West Mifflin Loan, described in detail herein. The following table sets forth the balances of these loans as of December 31, 2021 and 2020.

    

December 31, 2021

    

December 31, 2020

Notes payable, gross

$

66,349

$

66,349

Unamortized debt issuance costs

 

(607)

 

(835)

Cumulative principal repayments

 

(8,580)

 

(577)

Notes payable, net

$

57,162

$

64,937

Schedule of Comprehensive Income (Loss)

Years Ended December 31, 

    

2021

    

2020

    

2019

Amount of (gain) loss recognized in other comprehensive income (loss)

$

(5,220)

$

16,451

$

3,922

Amount of loss reclassified from accumulated other comprehensive loss into interest expense

 

(6,363)

 

(4,906)

 

(969)

Total change in accumulated other comprehensive loss

$

(11,583)

$

11,545

$

2,953

Rosedale Loan [Member]  
Notes Payable and Revolving Credit Facility  
Schedule of Maturities of Long-term Debt

As of December 31, 2021, scheduled principal payments due for each year ended December 31 were as follows:

2022

    

$

376

2023

 

391

2024

 

405

2025

13,158

Total

$

14,330

Dumfries Loan [Member]  
Notes Payable and Revolving Credit Facility  
Schedule of Maturities of Long-term Debt

As of December 31, 2021, scheduled principal payments due for each year ended December 31 were as follows:

2022

$

288

2023

 

302

2024

 

11,034

Total

$

11,624

Cantor Loan [Member]  
Notes Payable and Revolving Credit Facility  
Schedule of Maturities of Long-term Debt

As of December 31, 2021, scheduled principal payments due for each fiscal year ended December 31 are as follows:

2022

    

 

447

2023

 

471

2024

 

492

2025

 

523

2026

551

Thereafter

 

29,331

Total

$

31,815