v3.25.2
Notes Payable - Schedule of Debt (Detail) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Sep. 11, 2024
Debt Instrument [Line Items]      
Total notes payable $ 249,952 $ 254,958  
Less: current portion of notes payable (15,883) (12,062)  
Notes payable, net of current portion 234,069 242,896  
Syndicated credit facility dated September 11, 2024 [Member]      
Debt Instrument [Line Items]      
Total notes payable [1] 144,444 147,979  
Notes payable, net of current portion 146,250 150,000 $ 150,000
Mortgage Notes [Member]      
Debt Instrument [Line Items]      
Total notes payable [2] $ 105,508 $ 106,979  
[1] The Credit Facility (as defined below in Section (a) of this Note 8) was issued in an aggregate amount of $150,000 thousand, and will bear interest at the Secured Overnight Financing Rate (“SOFR”) + 500 basis points, payable monthly. As of June 30, 2025 and December 31, 2024, the Credit Facility's outstanding principal balance was $146,250 thousand and $150,000 thousand, respectively. The Credit Facility was issued at a discount, the carrying value of which was $1,806 thousand and $2,021 thousand as of June 30, 2025 and December 31, 2024, respectively. The Credit Facility matures on September 11, 2029.
[2] The Company has issued mortgage notes in connection with various operating properties at an aggregate value of $112,285 thousand as of June 30, 2025 and December 31, 2024. The mortgage notes were issued at a discount, the carrying value of which was $904 thousand and $1,007 thousand, and are presented net of principal payments of $5,873 thousand and $4,299 thousand as of June 30, 2025 and December 31, 2024, respectively. These mortgage notes mature between August 20, 2025 and June 5, 2035 with interest rates ranging between 5.00% and 7.77%.