Quarterly report pursuant to Section 13 or 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Tables)

v3.21.2
Credit Facility, Notes Payable and Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2021
Notes Payable and Revolving Credit Facility  
Schedule of Outstanding borrowings

As of September 30, 2021 and December 31, 2020, the Company had the following outstanding borrowings under the Credit Facility:

    

September 30, 2021

    

December 31, 2020

Revolver

$

155,700

$

175,200

Term Loan

 

350,000

 

350,000

Less: Unamortized debt issuance costs

 

(8,497)

 

(3,559)

Credit Facility, net

$

497,203

$

521,641

Schedule of Aggregate balances of loans payable

    

September 30, 2021

    

December 31, 2020

Notes payable, gross

$

66,349

$

66,349

Unamortized debt issuance costs

 

(644)

 

(835)

Cumulative principal repayments

 

(8,308)

 

(577)

Notes payable, net

$

57,397

$

64,937

Schedule of Comprehensive Income (Loss)

The table below details the components of the amounts presented on the accompanying Condensed Consolidated Statements of Comprehensive Income (Loss) recognized on the Company’s interest rate swaps designated as cash flow hedges for the three and nine months ended September 30, 2021 and 2020:

Three Months Ended

September 30, 

Nine Months Ended September 30, 

    

2021

    

2020

    

2021

    

2020

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

$

(227)

$

(451)

$

(1,523)

$

16,313

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

 

(1,611)

 

(1,552)

 

(4,750)

 

(3,336)

Total change in accumulated other comprehensive loss

$

(1,838)

$

(2,003)

$

(6,273)

$

12,977

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

As of September 30, 2021, scheduled principal payments due for each year ended December 31 were as follows:

2021 (three months remaining)

    

$

91

2022

 

376

2023

 

391

2024

 

405

2025

13,158

Total

$

14,421

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

As of September 30, 2021, scheduled principal payments due for each year ended December 31 were as follows:

2021 (three months remaining)

    

$

71

2022

 

288

2023

 

302

2024

 

11,034

Total

$

11,695

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

As of September 30, 2021, scheduled principal payments due for each year ended December 31 were as follows:

2021 (three months remaining)

    

$

110

2022

    

 

447

2023

 

471

2024

 

492

2025

 

523

Thereafter

 

29,882

Total

$

31,925