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
3 Months Ended 5 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2020
USD ($)
Apr. 27, 2020
USD ($)
Sep. 30, 2021
USD ($)
contract
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
contract
Sep. 30, 2021
USD ($)
contract
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2021
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                            
Debt issuance and related costs       $ 0     $ 341              
Amortization of financing costs     $ 463 341   $ 1,239 882              
Increase (Decrease) in Security Deposits           $ 260 (780)              
Debt Instrument, Term           4 years 6 months 10 days   2 years 9 months 14 days            
Note balance     66,349   $ 66,349 $ 66,349   $ 66,349            
Line Of Credit Cash Paid Other           6,177 925              
Repayments of Notes Payable           7,731 233              
Additional Interest Expense           6,224                
Interest Expense, Total     $ 4,830 4,864   $ 14,887 13,616              
Weighted average interest rate basis     2.91%   2.91% 2.91%   3.17%            
Interest Rate Swap [Member]                            
Notes Payable and Revolving Credit Facility                            
Derivative, Notional Amount     $ 350,000   $ 350,000 $ 350,000                
Number of interest rate swaps entered | contract     6   6 6                
Derivative Instruments in Hedges, Liabilities, at Fair Value     $ 11,851   $ 11,851 $ 11,851   $ 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       3,743     10,805              
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 November 1, 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           $ 187,700 158,400              
Repayments of Lines of Credit           207,200 51,550              
Note balance     19,500 106,850 19,500 19,500 106,850              
Interest Expense, Total     3,500     11,101                
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 $ 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 $ 350,000        
Rosedale Loan [Member]                            
Notes Payable and Revolving Credit Facility                            
Long term debt $ 14,800   14,421   14,421 $ 14,421   14,691            
Debt Instrument, Interest Rate, Stated Percentage 3.85%                          
Debt Instrument, Maturity Date           Jul. 31, 2025                
Interest expense     143 104   $ 425 104              
Debt Instrument, Term 25 years                          
Principal payments made           270 20              
Dumfries Loan [Member]                            
Notes Payable and Revolving Credit Facility                            
Long term debt   $ 12,074 11,695   11,695 $ 11,695   11,899            
Debt Instrument, Interest Rate, Stated Percentage   4.68%                        
Debt Instrument, Maturity Date           Jun. 01, 2024                
Interest expense     138 140   $ 413 186              
Debt Instrument, Term   10 years                        
Principal payments made           204 108              
Cantor Loan [Member]                            
Notes Payable and Revolving Credit Facility                            
Long term debt     $ 31,925   $ 31,925 $ 31,925   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     $ 427 425   $ 1,269 1,326              
Debt Instrument, Term           30 years                
Principal payments made           $ 172                
West Mifflin Loan [Member]                            
Notes Payable and Revolving Credit Facility                            
Long term debt               $ 7,085           $ 7,378
Debt Instrument, Interest Rate, Stated Percentage                       4.25%    
Debt Instrument, Maturity Date           Sep. 25, 2021                
Interest expense     97 68   $ 249 203              
Principal payments made           $ 7,085 105              
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     $ 62 $ 42   $ 191 $ 110