Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of debt obligations

Debt obligations consist of the following (dollars in thousands):

	March 31, 2019		December 31, 2018
Mortgages payable	$	814,829	$	778,106
Junior subordinated notes	37,400		37,400
Deferred mortgage costs	(6,452)		(6,646)
Total debt obligations, net of deferred costs	$	845,777	$	808,860

Schedule of debt information

During the three months ended March 31, 2019, the Company obtained the following mortgage debt in connection with the related property (dollars in thousands):

Location	Closing Date	Acquisition Mortgage Debt		Interest Rate		Maturity Date
Kannapolis, NC	3/12/19	$	33,347	3.52	%	3/01/52

The Company has a construction loan financing a development project. Information regarding this loan at March 31, 2019 is set forth below (dollars in thousand):

Location	Closing Date	Maximum Loan Amount		Amount outstanding		Interest Rate	Maturity Date	Extension Option
Nashville,TN	6/2/2017	$	47,426	$	35,085	30 day LIBOR + 2.85%	6/2/2022	N/A