v3.26.1
Mortgage Notes, Lines of Credit and Bonds Payable (Tables)
6 Months Ended
Jun. 30, 2026
Mortgage Notes, Lines of Credit and Bonds Payable  
Schedule of indebtedness outstanding

Book

Annual

 Value of

($ in thousands)

Interest

Principal

Collateral

Rate as of

Next

Outstanding as of

as of

Interest

June 30,

Interest Rate

Adjustment

June 30,

December 31,

Maturity

June 30,

Loan

  ​

Payment Terms

  ​

2026

  ​

Terms

  ​

Date

  ​

2026

  ​

2025

  ​

Date

  ​

2026

Farmer Mac Facility

Monthly

4.92%

SOFR + 1.30%

N/A

$

63,200

$

December 2028

107,067

MetLife Term Loan #1

Semi-annual

5.49%

Fixed for 3 years

February 2029

67,086

67,086

February 2036

90,502

MetLife Term Loan #4

Semi-annual

5.58%

Fixed for 3 years

N/A

1,200

1,200

June 2027

2,695

MetLife Term Loan #5

Semi-annual

5.19%

Fixed for 3 years

N/A

1,827

1,827

January 2027

5,370

MetLife Term Loan #6

Semi-annual

5.18%

Fixed for 3 years

N/A

16,226

16,226

February 2027

26,242

MetLife Term Loan #7

Semi-annual

5.38%

Fixed for 3 years

N/A

6,934

6,934

June 2027

12,133

MetLife Term Loan #8

Semi-annual

4.12%

Fixed for 10 years

December 2027

35,200

35,200

December 2042

110,042

MetLife Term Loan #9

Semi-annual

6.37%

Fixed for 3 years

May 2027

6,400

6,400

May 2028

12,413

MetLife Term Loan #10

Semi-annual

6.36%

Fixed

N/A

21,806

21,806

October 2030

35,766

MetLife Facility

Quarterly

5.66%

SOFR + 1.95%

N/A

October 2027

70,819

Rabobank (1)

Semi-annual

5.43%

SOFR + 1.81%

N/A

4,912

4,912

March 2028

8,633

Rutledge Facility

Quarterly

5.09%

SOFR + 1.40%

N/A

February 2027

126,876

Total outstanding principal

224,791

161,591

$

608,558

Debt issuance costs

(906)

(749)

Unamortized premium

Total mortgage notes and bonds payable, net

$

223,885

$

160,842

(1)The Company had an interest rate swap agreement with Rabobank for $4.9 million. The agreement expired on March 1, 2026 (see “Note 10—Hedge Accounting”).
Schedule of aggregate maturities of long-term debt

($ in thousands)

Year Ending December 31,

  ​ ​ ​

Future Maturities

 

2026 (remaining six months)

$

2027

26,187

2028

74,512

2029

 

2030

21,806

Thereafter

102,286

$

224,791