v3.25.2
NOTES PAYABLE (Tables)
6 Months Ended
Jun. 30, 2025
NOTES PAYABLE  
Schedule of mortgage notes payable

Principal Balance At

June 30,

December 31,

2025

2024

(in thousands)

Mortgage notes payable, net (a)

$

501,056

$

508,644

Mortgage notes payable, net, affiliates

56,841

57,983

Less unamortized debt issuance costs

1,693

1,909

$

556,204

$

564,718

(a)Includes $125,102 and $127,050 of variable rate mortgage debt that was swapped to a fixed rate at June 30, 2025 and December 31, 2024, respectively.
Schedule of outstanding mortgage notes payable maturities

Years ending December 31,

    

Amount

(in thousands)

2025 (July - December)

$

47,789

2026

71,428

2027

79,071

2028

46,904

2029

91,238

Thereafter

221,467

Total payments

$

557,897