Schedule of Debt [Table Text Block] |
| | | | | | | | | June 30, 2025 | | | | | | | | | |
| | Interest | | | Maturity | | | Property | | | Balance Outstanding on Loan as of | |
Collateral | | Rate | | | Date | | | Carrying Value | | | June 30, 2025 | | | December 31, 2024 | |
Revolving Credit Facility (1) | | | 5.97 | % | | October 28, 2026 | | | $ | — | | | $ | 70,000 | | | $ | 110,000 | |
Unsecured Term Loan (2) | | | 5.91 | % | | October 28, 2025 | | | | — | | | | 140,000 | | | | 140,000 | |
Hampton Inn & Suites Houston Medical Center, TX | | | 4.25 | % | | January 6, 2025 | | | | — | | | | — | | | | 15,957 | |
Courtyard by Marriott Dallas, TX | | | 7.61 | % | | September 11, 2028 | | | | 38,904 | | | | 24,500 | | | | 24,500 | |
Hyatt Place Pittsburgh, PA (3) | | | 7.29 | % | | June 11, 2029 | | | | 29,309 | | | | 23,300 | | | | 23,300 | |
Residence Inn by Marriott Austin, TX | | | 7.42 | % | | September 6, 2033 | | | | 34,313 | | | | 20,850 | | | | 20,850 | |
TownePlace Suites by Marriott Austin, TX | | | 7.42 | % | | September 6, 2033 | | | | 29,478 | | | | 19,075 | | | | 19,075 | |
Courtyard by Marriott Summerville, SC | | | 7.33 | % | | September 11, 2033 | | | | 17,873 | | | | 9,000 | | | | 9,000 | |
Residence Inn by Marriott Summerville, SC | | | 7.33 | % | | September 11, 2033 | | | | 16,708 | | | | 9,500 | | | | 9,500 | |
SpringHill Suites by Marriott Savannah, GA (4) | | | 6.70 | % | | June 6, 2034 | | | | 32,396 | | | | 22,000 | | | | 22,000 | |
Hampton Inn & Suites Exeter, NH (4) | | | 6.70 | % | | June 11, 2034 | | | | 12,168 | | | | 15,000 | | | | 15,000 | |
Total debt before unamortized debt issue costs | | | | | | | | | $ | 211,149 | | | $ | 353,225 | | | $ | 409,182 | |
Unamortized term loan and mortgage debt issue costs | | | | | | | | | | | | | | (2,006 | ) | | | (2,332 | ) |
Total debt outstanding | | | | | | | | | | | | | $ | 351,219 | | | $ | 406,850 | |
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