Quarterly report pursuant to Section 13 or 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Details)

v3.21.2
Credit Facility, Notes Payable and Derivative Instruments (Details)
$ in Thousands
2 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jul. 31, 2020
USD ($)
Apr. 27, 2020
USD ($)
Jun. 30, 2021
USD ($)
contract
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
May 31, 2021
USD ($)
May 03, 2021
USD ($)
Sep. 25, 2020
Mar. 16, 2016
USD ($)
Sep. 25, 2015
USD ($)
Notes Payable and Revolving Credit Facility                          
Amortization of financing costs       $ 427 $ 272 $ 776 $ 541            
Increase (Decrease) in Security Deposits           $ 45 (536)            
Debt Instrument, Term           4 years 8 months 15 days   2 years 9 months 14 days          
Note balance     $ 66,349 66,349   $ 66,349   $ 66,349          
Line Of Credit Cash Paid Other           6,177 59            
Repayments of Notes Payable           446 113            
Additional Interest Expense           6,206              
Interest Expense, Total       $ 5,020 4,375 $ 10,057 8,752            
Weighted average interest rate basis     3.09% 3.09%   3.09%   3.17%          
Interest Rate Swap [Member]                          
Notes Payable and Revolving Credit Facility                          
Derivative, Notional Amount     $ 350,000 $ 350,000   $ 350,000              
Derivative Instruments in Hedges, Liabilities, at Fair Value     13,677 13,677   13,677   $ 18,086          
Interest Rate Swap Agreement One [Member]                          
Notes Payable and Revolving Credit Facility                          
Derivative, Notional Amount     150,000 150,000   150,000              
Interest Rate Swap Agreement Two [Member]                          
Notes Payable and Revolving Credit Facility                          
Derivative, Notional Amount     200,000 200,000   200,000              
Credit Facility [Member]                          
Notes Payable and Revolving Credit Facility                          
Credit Facility maximum borrowing capacity     750,000 750,000   $ 750,000              
Interest expense         3,476   7,061            
Maximum consolidated leverage ratio under financial covenants                   60      
Maximum consolidated secured recourse leverage ratio under financial covenant                   10.00%      
Minimum fixed charge coverage ratio under financial covenants                   1.50      
Minimum unsecured interest coverage ratio under financial covenant                   1.50      
Maximum consolidated secured leverage ratio under financial covenants                   30.00%      
Maximum consolidated unsecured leverage ratio under financial covenants                   60.00%      
Percentage of net proceeds raised, covenant                   75.00%      
Covenant compliance           As of August 2, 2021, management believed it was in compliance with all of the financial and non-financial covenants contained in the Credit Facility.              
Other Operating Activities, Cash Flow Statement           $ 133,100 88,700            
Repayments of Lines of Credit           207,200 20,850            
Note balance     74,100 74,100 67,850 74,100 67,850            
Interest Expense, Total       3,749   7,601              
Minimum Net Worth Required for Compliance                   $ 345,000      
Revolving Credit Facility [Member]                          
Notes Payable and Revolving Credit Facility                          
Credit Facility maximum borrowing capacity     $ 400,000 400,000   400,000     $ 400,000        
Debt instrument extensions | contract     2                    
Extension option     6 months                    
Term Loan [Member]                          
Notes Payable and Revolving Credit Facility                          
Credit Facility maximum borrowing capacity     $ 350,000 350,000   350,000     $ 350,000        
Rosedale Loan [Member]                          
Notes Payable and Revolving Credit Facility                          
Long term debt $ 14,800   14,511 14,511   $ 14,511   14,691          
Debt Instrument, Interest Rate, Stated Percentage 3.85%                        
Debt Instrument, Maturity Date           Jul. 31, 2025              
Interest expense       141   $ 282              
Debt Instrument, Term 25 years                        
Principal payments made           180              
Dumfries Loan [Member]                          
Notes Payable and Revolving Credit Facility                          
Long term debt   $ 12,074 11,763 11,763   $ 11,763   11,899          
Debt Instrument, Interest Rate, Stated Percentage   4.68%                      
Debt Instrument, Maturity Date           Jun. 01, 2024              
Interest expense       137 46 $ 275 46            
Debt Instrument, Term   10 years                      
Principal payments made           136 43            
Cantor Loan [Member]                          
Notes Payable and Revolving Credit Facility                          
Long term debt     $ 32,027 $ 32,027   $ 32,027   32,097       $ 32,097  
Debt Instrument, Interest Rate, Stated Percentage     5.22% 5.22%   5.22%              
Debt Instrument, Maturity Date           Apr. 06, 2026              
Interest expense       $ 423 479 $ 842 902            
Debt Instrument, Term           30 years              
Principal payments made           $ 70              
West Mifflin Loan [Member]                          
Notes Payable and Revolving Credit Facility                          
Long term debt     $ 7,025 7,025   $ 7,025   $ 7,085         $ 7,378
Debt Instrument, Interest Rate, Stated Percentage                     4.25%    
Debt Instrument, Maturity Date           Sep. 25, 2021              
Interest expense       77 67 $ 152 135            
Principal payments made           $ 60 70            
The Term loan [Member] | Interest Rate Swap Agreement One [Member]                          
Notes Payable and Revolving Credit Facility                          
Debt Instrument, Basis Spread on Variable Rate           1.91%              
The Term loan [Member] | Interest Rate Swap Agreement Two [Member]                          
Notes Payable and Revolving Credit Facility                          
Debt Instrument, Basis Spread on Variable Rate           1.61%              
The Term loan [Member] | Interest Rate Swap Agreement Three [Member]                          
Notes Payable and Revolving Credit Facility                          
Debt Instrument, Basis Spread on Variable Rate           1.45%              
Accordion [Member] | Credit Facility [Member]                          
Notes Payable and Revolving Credit Facility                          
Credit Facility maximum borrowing capacity     $ 500,000 500,000   $ 500,000              
Notes Payable [Member]                          
Notes Payable and Revolving Credit Facility                          
Amortization of financing costs       $ 66 $ 35 $ 129 $ 68