XML 47 R36.htm IDEA: XBRL DOCUMENT v3.21.2
Mortgage Loans and Interest Rate Swaps (Details)
$ in Thousands
9 Months Ended
May 07, 2021
USD ($)
Mar. 17, 2021
Sep. 30, 2021
USD ($)
derivative
item
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Long-Term Debt          
Loans, prior to debt issuance costs     $ 14,662    
Mortgage loans, net of debt issuance costs     166,457   $ 160,655
Mortgage loan net on asset held for sale     4,816    
Total mortgage loans, net of debt issuance costs     $ 152,236   160,655
Interest rate swap agreement          
Debt disclosures          
Number of interest rate swap derivatives | derivative     13    
Notional amount of interest rate swap agreement     $ 95,679   97,868
Number of agreements containing credit risk related contingent features | item     0    
Recognized net gains (losses) (included in other comprehensive loss), before taxes, on interest rate swap agreements     $ 3,587 $ (6,607)  
Loss expected to be reclassified over next twelve months from accumulated other comprehensive loss to interest expense     (1,962)    
Net derivative liability fair value     5,179    
Interest expense     1,504 $ 1,058  
Interest rate swap agreement | Other assets          
Debt disclosures          
Derivative asset fair value     156    
Interest rate swap agreement | Other liabilities          
Debt disclosures          
Derivative liability fair value     $ 5,335    
LIBOR | Maximum          
Debt disclosures          
Variable interest rate margin (as a percent)     1.65%    
Nonrecourse mortgage loans          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 158,942   162,768
Debt issuance costs, net     (1,890)   (2,113)
Mortgage loans, net of debt issuance costs     $ 157,052   $ 160,655
Weighted average interest rate     3.98%   4.18%
Construction loan          
Long-Term Debt          
Debt issuance costs, net     $ (441)    
Mortgage loans, net of debt issuance costs     14,221    
Acquisition Credit Line | LIBOR          
Debt disclosures          
Variable interest rate margin (as a percent)   2.75%      
4.72%, due October 3, 2022          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 3,979   $ 4,061
Interest rate (as a percent)     4.72%   4.72%
4.39%, due January 2, 2025          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 17,982   $ 18,453
Interest rate (as a percent)     4.39%   4.39%
4.17%, due May 1, 2026          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 12,394   $ 12,696
Interest rate (as a percent)     4.17%   4.17%
3.79%, November 17, 2026          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 23,345   $ 23,911
Interest rate (as a percent)     3.79%   3.79%
4.39%, due August 1, 2027          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 9,545   $ 9,750
Interest rate (as a percent)     4.39%   4.39%
3.97%, due September 1, 2027          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 11,236   $ 11,419
Interest rate (as a percent)     3.97%   3.97%
4.57%, due February 1, 2028          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 17,262   $ 17,601
Interest rate (as a percent)     4.57%   4.57%
5.09%, due July 1, 2029 GCD mortgage loan          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 4,843   $ 5,214
Interest rate (as a percent)     5.09%   5.09%
5.09%, due July 1, 2029 TD mortgage Loan          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 3,393   $ 3,653
Interest rate (as a percent)     5.09%   5.09%
3.60%, due January 2, 2030          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 6,224   $ 6,350
Interest rate (as a percent)     3.60%   3.60%
3.48% due February 1 2030          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 14,387   $ 14,682
Interest rate (as a percent)     3.48%   3.48%
3.50%, due July 1, 2030          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 4,948   $ 5,046
Interest rate (as a percent)     3.50%    
4.33%, due August 1, 2030          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 15,963   $ 16,244
Interest rate (as a percent)     4.33%   4.33%
4.51%, due April 1, 2034          
Long-Term Debt          
Loans, prior to debt issuance costs     $ 13,441   $ 13,688
Interest rate (as a percent)     4.51%   4.51%
JPM Construction Loan Two Thousand Twenty One [Member]          
Debt disclosures          
Term of debt 2 years        
Extension term of debt 1 year        
JPM Construction Loan Two Thousand Twenty One [Member] | Maximum          
Debt disclosures          
Loan amount $ 28,400        
Face amount as a percentage of total cost 67.50%        
JPM Construction Loan Two Thousand Twenty One [Member] | LIBOR | Completion of Charlotte build to suit and commencement of rental payment          
Debt disclosures          
Variable interest rate margin (as a percent) 1.40%        
JPM Construction Loan Two Thousand Twenty One [Member] | LIBOR | Maximum          
Debt disclosures          
Variable interest rate margin (as a percent) 1.65%        
Nonrecourse Variable Rate Mortgage On Assets Held For Sale Due On July 1 2029 [Member]          
Long-Term Debt          
Mortgage loan net on asset held for sale     $ (4,816)    
Interest rate (as a percent)     5.09%   5.09%