Loans Payable and Secured Line of Credit (Tables)

9 Months Ended

Sep. 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 September 30, 2023, excluding extension options and potential acceleration in connection with the defaults described above, were as follows (in thousands):

Year of Maturity	Principal
2023	$	130,816
2024		112,500
2025		—
2026		—
2027		—
		243,316
Less: deferred finance costs, net		(751)
Total loans, corporate credit facility and secured line of credit, net	$	242,565

Schedule of consolidated interest (income) expense

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

	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2023		2022		2023		2022
Interest expense	$	7,901	$	4,932	$	22,112	$	13,759
Interest capitalized		—		(1,383)		(689)		(4,146)
Interest expense, net	$	7,901	$	3,549	$	21,423	$	9,613