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2021 Credit Facility and 2022 Unsecured Term Loan Compliance (Details) - 2021 Credit Facility and 2022 Unsecured Term Loan
12 Months Ended
Dec. 31, 2022
Debt Instrument [Line Items]  
Debt Instrument, Covenant Description The 2021 Credit Facility and 2022 Unsecured Term Loan contain customary representations and warranties, affirmative and negative covenants and events of default provisions, including the failure to pay indebtedness, breaches of covenants and bankruptcy and other insolvency events, which could result in the acceleration of the obligation to repay, in the case of the 2021 Credit Facility, all outstanding amounts and the cancellation of all commitments outstanding under the 2021 Credit Facility and, in the case of the 2022 Unsecured Term Loan, any outstanding amount under the 2022 Unsecured Term Loan. Among other covenants, the 2021 Credit Facility and the 2022 Unsecured Term Loan require that BPLP maintain on an ongoing basis: (1) a leverage ratio not to exceed 60%, however, the leverage ratio may increase to no greater than 65% provided that it is reduced back to 60% within one year, (2) a secured debt leverage ratio not to exceed 55%, (3) a fixed charge coverage ratio of at least 1.40, (4) an unsecured debt leverage ratio not to exceed 60%, however, the unsecured debt leverage ratio may increase to no greater than 65% provided that it is reduced to 60% within one year, (5) an unsecured debt interest coverage ratio of at least 1.75 and (6) limitations on permitted investments.
Leverage ratio 60.00%
Leverage ratio - maximum 65.00%
Secured debt leverage ratio - maximum 55.00%
Fixed charge coverage - minimum 1.40
Unsecured debt leverage ratio 60.00%
Unsecured debt leverage ratio - maximum 65.00%
Unsecured debt interest coverage ratio 1.75
Debt Instrument, Covenant Compliance At December 31, 2022, BPLP was in compliance with each of these financial and other covenant requirements.