Quarterly report pursuant to Section 13 or 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Tables)

v3.22.2.2
Credit Facility, Notes Payable and Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2022
Notes Payable and Revolving Credit Facility  
Schedule of Outstanding borrowings

As of September 30, 2022 and December 31, 2021, the Company had the following outstanding borrowings under the Credit Facility:

    

September 30, 2022

    

December 31, 2021

Revolver

$

144,700

$

172,600

Term Loan A

350,000

350,000

Term Loan B

 

150,000

 

Less: Unamortized debt issuance costs

 

(9,802)

 

(8,033)

Credit Facility, net

$

634,898

$

514,567

Schedule of Aggregate balances of loans payable

    

September 30, 2022

    

December 31, 2021

Notes payable

$

58,409

$

57,769

Unamortized debt issuance costs

 

(491)

 

(607)

Notes payable, net

$

57,918

$

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 and nine months ended September 30, 2022 and 2021:

Three Months Ended September 30, 

Nine Months Ended September 30, 

  

2022

    

2021

  

2022

2021

Amount of gain recognized in other comprehensive income

$

(20,612)

$

(227)

$

(41,246)

$

(1,523)

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

 

256

 

(1,611)

 

(2,273)

 

(4,750)

Total change in accumulated other comprehensive income (loss)

$

(20,356)

$

(1,838)

$

(43,519)

$

(6,273)

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

As of September 30, 2022, scheduled principal payments due for each year ended December 31 were as follows:

2022 (three months remaining)

    

$

95

2023

 

391

2024

 

405

2025

13,158

Total

$

14,049

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

As of September 30, 2022, scheduled principal payments due for each year ended December 31 were as follows:

2022 (three months remaining)

$

74

2023

 

302

2024

 

11,034

Total

$

11,410

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

As of September 30, 2022, scheduled principal payments due for each year ended December 31 were as follows:

2022 (three months remaining)

    

 

116

2023

 

471

2024

 

492

2025

 

523

2026

551

Thereafter

 

29,331

Total

$

31,484