Loans Payable and Secured Line of Credit (Tables)

3 Months Ended

Mar. 31, 2022

Loans Payable and Secured Line of Credit

Schedule of combined aggregate principal maturities of our loans

Combined aggregate principal maturities of our loans, secured line of credit and note payable as of March 31, 2022, excluding extension options, were as follows (dollars in thousands):

Year of Maturity	Principal
2022	$	10,064
2023		193,393
2024		66,021
2025		—
2026		—
		269,478
Less: deferred finance costs, net		(7,007)
Total loans, secured line of credit, and note payable, net	$	262,471

Schedule of consolidated interest (income) expense

Consolidated interest expense, net includes the following (dollars in thousands):

	Three Months Ended		Three Months Ended
	March 31,		March 31,
	2022		2021
Interest expense	$	4,287	$	4,990
Interest capitalized		(3,485)		(4,387)
Interest expense, net	$	802	$	603