Loans Payable and Secured Line of Credit (Tables)

6 Months Ended

Jun. 30, 2023

Loans Payable and Secured Line of Credit

Schedule of combined aggregate principal maturities of our loans

Combined aggregate principal maturities of our loans, corporate credit facility and secured line of credit as of June 30, 2023, excluding extension options, were as follows (in thousands):

Year of Maturity	Principal
2023	$	136,228
2024		110,500
2025		—
2026		—
2027		—
		246,728
Less: deferred finance costs, net		(1,509)
Total loans, corporate credit facility and secured line of credit, net	$	245,219

Schedule of consolidated interest (income) expense

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

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2023		2022		2023		2022
Interest expense	$	7,194	$	4,541	$	14,211	$	8,828
Interest capitalized		—		(1,246)		(689)		(2,764)
Interest expense, net	$	7,194	$	3,295	$	13,522	$	6,064