XML 60 R31.htm IDEA: XBRL DOCUMENT v3.20.1
Revolving Credit Agreements (Details)
$ in Thousands
3 Months Ended
Feb. 29, 2020
USD ($)
ft²
Nov. 30, 2020
USD ($)
Sep. 19, 2019
ft²
Webster Credit Line      
Revolving credit agreement      
Maximum borrowing capacity $ 19,500    
Maximum percentage of loan to value 72.00%    
Minimum liquidity $ 5,000    
Fixed charge coverage ratio 1.1    
Standby letters of credit aggregate amount $ 484    
Outstanding borrowings under credit line $ 0    
Webster Credit Line | Griffin Center South, Bloomfield, CT      
Revolving credit agreement      
Area of collateralized properties (in square feet) | ft² 235,000    
Webster Credit Line | Single-story office building in Griffin Center      
Revolving credit agreement      
Area of collateralized properties (in square feet) | ft² 48,000    
Webster Credit Line | Industrial/warehouse building      
Revolving credit agreement      
Area of collateralized properties (in square feet) | ft²     31,000
Webster Credit Line | LIBOR      
Revolving credit agreement      
Variable interest rate margin (as a percent) 2.50%    
Acquisition Credit Line      
Revolving credit agreement      
Maximum borrowing capacity $ 15,000    
Minimum liquidity $ 5,000    
Fixed charge coverage ratio 1.1    
Purchase price of real estate acquisitions (as a percent) 65.00%    
Maximum period for obtaining permanent finance from date of drawn 135 days    
Minimum debt service coverage ratio 1.25    
Minimum net worth $ 80,000    
Maximum percentage of total debt plus preferred stock to total assets allowed 50.00%    
Outstanding borrowings under credit line $ 4,100 $ 5,875  
Weighted average interest rate 4.41%    
Acquisition Credit Line | LIBOR      
Revolving credit agreement      
Variable interest rate margin (as a percent) 2.75%