v3.25.1
Indebtedness (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Summary of Secured Indebtedness

The following table discloses certain information regarding the Company’s secured indebtedness (in thousands):

 

 

Carrying Value at

 

 

Interest Rate(A) at

 

 

 

 

March 31, 2025

 

 

December 31, 2024

 

 

March 31, 2025

 

December 31, 2024

 

Maturity Date

Mortgage Indebtedness  Fixed Rate

 

$

99,442

 

 

$

99,862

 

 

6.7%

 

6.7%

 

November 2028

Mortgage Indebtedness  Variable Rate

 

 

206,900

 

 

 

206,900

 

 

7.1%

 

7.1%

 

September 2026

Net unamortized debt issuance costs

 

 

(4,699

)

 

 

(5,389

)

 

 

 

 

 

 

Total indebtedness

 

$

301,643

 

 

$

301,373

 

 

 

 

 

 

 

(A) The interest rate on variable-rate debt was calculated using the base rate and spread effective at the end of each reporting period.