Mortgage Loans and Interest Rate Swaps (Tables)

6 Months Ended

Jun. 30, 2021

Mortgage Loans and Interest Rate Swaps

Schedule of mortgage and construction loans

Mortgage loans:	June 30, 2021		Dec. 31, 2020
4.72%, due October 3, 2022 *	$	4,007	$	4,061
4.39%, due January 2, 2025 *		18,140		18,453
4.17%, due May 1, 2026 *		12,495		12,696
3.79%, due November 17, 2026 *		23,535		23,911
4.39%, due August 1, 2027 *		9,614		9,750
3.97%, due September 1, 2027		11,298		11,419
4.57%, due February 1, 2028 *		17,375		17,601
5.09%, due July 1, 2029		4,968		5,214
5.09%, due July 1, 2029		3,481		3,653
3.60%, due January 2, 2030 *		6,267		6,350
3.48%, due February 1, 2030		14,486		14,682
3.50%, due July 1, 2030 *		4,981		5,046
4.33%, due August 1, 2030		16,057		16,244
4.51%, due April 1, 2034		13,524		13,688
Nonrecourse mortgage loans		160,228		162,768
Debt issuance costs		(1,964)		(2,113)
Nonrecourse mortgage loans, net of debt issuance costs		158,264		160,655
Construction loan:
LIBOR plus 1.65%		—		—
Debt issuance costs		(540)		—
Construction loan, net of debt issuance costs		(540)		—
Mortgage loans and construction loan, net of debt issuance costs	$	157,724	$	160,655

*Variable rate loans for which INDUS entered into interest rate swap agreements to effectively fix the interest rates on these loans to the rates reflected above.