Loans Payable and Secured Line of Credit (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023, excluding extension options, were as follows (in thousands):

Year of Maturity	Principal
2023	$	200,225
2024		47,500
2025		—
2026		—
2027		—
		247,725
Less: deferred finance costs, net		(2,405)
Total loans, corporate credit facility and secured line of credit, net	$	245,320

Schedule of consolidated interest (income) expense

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

	Three Months Ended		Three Months Ended
	March 31,		March 31,
	2023		2022
Interest expense	$	7,017	$	4,287
Interest capitalized		(689)		(1,518)
Interest expense, net	$	6,328	$	2,769