Schedule of Debt |
The mortgage notes payable collateralized by respective properties and assignment of leases at September 30, 2022 and December 31, 2021, respectively, were as follows (in thousands, except interest rates):
| | | | | | | | | | | | | | | | | | | | | | | | | | | Property | | Maturity Date | | Interest Rate | | September 30, 2022 | | December 31, 2021 | Casitas Plaza Shopping Center | | June 2022 | | 5.320 | % | | $ | — | | | $ | 6,660 | | Riverstone Marketplace | | July 2022 | | 4.960 | % | | — | | | 16,811 | | Fullerton Crossroads | | April 2024 | | 4.728 | % | | 26,000 | | | 26,000 | | Diamond Hills Plaza | | October 2025 | | 3.550 | % | | 34,899 | | | 35,393 | | | | | | | | $ | 60,899 | | | $ | 84,864 | | Unamortized mortgage premiums | | | | 342 | | | 632 | | Net unamortized deferred financing costs | | | | (111) | | | (142) | | Total mortgage notes payable | | | | $ | 61,130 | | | $ | 85,354 | |
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Schedule of Long-term Debt Instruments |
The carrying values of the Company’s term loan (the “term loan”) were as follows (in thousands):
| | | | | | | | | | | | | September 30, 2022 | | December 31, 2021 | Term loan | $ | 300,000 | | | $ | 300,000 | | Net unamortized deferred financing costs | (838) | | | (1,111) | | Term loan | $ | 299,162 | | | $ | 298,889 | |
The carrying value of the Company’s unsecured Senior Notes Due 2027 is as follows (in thousands): | | | | | | | | | | | | | September 30, 2022 | | December 31, 2021 | Principal amount | $ | 250,000 | | | $ | 250,000 | | Net unamortized deferred financing costs | (918) | | | (1,050) | | Senior Notes Due 2027 | $ | 249,082 | | | $ | 248,950 | |
The carrying value of the Company’s unsecured Senior Notes Due 2026 is as follows (in thousands): | | | | | | | | | | | | | September 30, 2022 | | December 31, 2021 | Principal amount | $ | 200,000 | | | $ | 200,000 | | Net unamortized deferred financing costs | (309) | | | (366) | | Senior Notes Due 2026 | $ | 199,691 | | | $ | 199,634 | |
The carrying value of the Company’s unsecured Senior Notes Due 2024 is as follows (in thousands): | | | | | | | | | | | | | September 30, 2022 | | December 31, 2021 | Principal amount | $ | 250,000 | | | $ | 250,000 | | Unamortized debt discount | (900) | | | (1,188) | | Net unamortized deferred financing costs | (487) | | | (652) | | Senior Notes Due 2024 | $ | 248,613 | | | $ | 248,160 | |
The carrying value of the Company’s unsecured Senior Notes Due 2023 is as follows (in thousands):
| | | | | | | | | | | | | September 30, 2022 | | December 31, 2021 | Principal amount | $ | 250,000 | | | $ | 250,000 | | Unamortized debt discount | (628) | | | (998) | | Net unamortized deferred financing costs | (318) | | | (515) | | Senior Notes Due 2023 | $ | 249,054 | | | $ | 248,487 | |
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