Annual report pursuant to Section 13 and 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Tables)

v3.22.4
Credit Facility, Notes Payable and Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Notes Payable and Revolving Credit Facility  
Schedule of Outstanding borrowings

As of December 2022 and 2021, the Company had the following outstanding borrowings under the Credit Facility:

    

December 31, 2022

    

December 31, 2021

Revolver

$

145,700

$

172,600

Term Loan A

350,000

350,000

Term Loan B

 

150,000

 

Less: Unamortized debt issuance costs

 

(9,253)

 

(8,033)

Credit Facility, net

$

636,447

$

514,567

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 Toledo Loan, described in detail herein. The following table sets forth the balances of these loans as of December 31, 2022 and 2021.

    

December 31, 2022

    

December 31, 2021

Notes payable

$

58,124

$

57,769

Unamortized debt issuance costs

 

(452)

 

(607)

Notes payable, net

$

57,672

$

57,162

Schedule of Comprehensive Income (Loss)

Years Ended December 31, 

    

2022

    

2021

    

2020

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

$

(41,068)

$

(5,220)

$

16,451

Amount of loss reclassified from accumulated other comprehensive income (loss) into interest expense

 

(242)

 

(6,363)

 

(4,906)

Total change in accumulated other comprehensive income (loss)

$

(41,310)

$

(11,583)

$

11,545

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

As of December 31, 2022, scheduled principal payments due for each year ended December 31 were as follows:

2023

$

391

2024

 

405

2025

13,158

Total

$

13,954

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

As of December 31, 2022, scheduled principal payments due for each year ended December 31 were as follows:

2023

$

302

2024

 

11,034

Total

$

11,336

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

As of December 31, 2022, scheduled principal payments due for each fiscal year ended December 31 are as follows:

2023

$

471

2024

 

492

2025

 

523

2026

29,882

Total

$

31,368