Quarterly report pursuant to Section 13 or 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Tables)

v3.22.1
Credit Facility, Notes Payable and Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Notes Payable and Revolving Credit Facility  
Schedule of Outstanding borrowings

As of March 31, 2022 and December 31, 2021, the Company had the following outstanding borrowings under the Credit Facility:

    

March 31, 2022

    

December 31, 2021

Revolver

$

186,700

$

172,600

Term Loan

 

350,000

 

350,000

Less: Unamortized debt issuance costs

 

(7,570)

 

(8,033)

Credit Facility, net

$

529,130

$

514,567

Schedule of Aggregate balances of loans payable

    

March 31, 2022

    

December 31, 2021

Notes payable

$

57,487

$

57,769

Unamortized debt issuance costs

 

(568)

 

(607)

Notes payable, net

$

56,919

$

57,162

Schedule of Comprehensive Income (Loss)

The table below details the components of the amounts presented on the accompanying Condensed Consolidated Statements of Comprehensive Income recognized on the Company’s interest rate swaps designated as cash flow hedges for the three months ended March 31, 2022 and 2021:

Three Months Ended March 31, 

    

2022

    

2021

Amount of gain recognized in other comprehensive income

$

(15,878)

$

(2,082)

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

 

(1,515)

 

(1,549)

Total change in accumulated other comprehensive income (loss)

$

(17,393)

$

(3,631)

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

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

2022 (nine months remaining)

    

$

281

2023

 

391

2024

 

405

2025

13,158

Total

$

14,235

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

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

2022 (nine months remaining)

$

216

2023

 

302

2024

 

11,034

Total

$

11,552

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

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

2022 (nine months remaining)

    

 

332

2023

 

471

2024

 

492

2025

 

523

2026

551

Thereafter

 

29,331

Total

$

31,700