Mortgage Loans and Interest Rate Swaps (Tables)

9 Months Ended

Sep. 30, 2021

Mortgage Loans and Interest Rate Swaps

Schedule of mortgage and construction loans

Mortgage loans:	Sep. 30, 2021		Dec. 31, 2020
4.72%, due October 3, 2022 *	$	3,979	$	4,061
4.39%, due January 2, 2025 *		17,982		18,453
4.17%, due May 1, 2026 *		12,394		12,696
3.79%, due November 17, 2026 *		23,345		23,911
4.39%, due August 1, 2027 *		9,545		9,750
3.97%, due September 1, 2027		11,236		11,419
4.57%, due February 1, 2028 *		17,262		17,601
5.09%, due July 1, 2029		4,843		5,214
5.09%, due July 1, 2029		3,393		3,653
3.60%, due January 2, 2030 *		6,224		6,350
3.48%, due February 1, 2030		14,387		14,682
3.50%, due July 1, 2030 *		4,948		5,046
4.33%, due August 1, 2030		15,963		16,244
4.51%, due April 1, 2034		13,441		13,688
Mortgage loans		158,942		162,768
Debt issuance costs		(1,890)		(2,113)
Mortgage loans, net of debt issuance costs		157,052		160,655
Less mortgage loan, net on asset held for sale:
5.09%, due July 1, 2029		(4,816)		—
Total mortgage loans, net of debt issuance costs		152,236		160,655
Construction loan:
One-month LIBOR plus 1.65%, due May 7, 2023		14,662		—
Debt issuance costs		(441)		—
Construction loan, net of debt issuance costs		14,221		—
Mortgage loans and construction loan, net of debt issuance costs	$	166,457	$	160,655

*Variable rate loans for which INDUS entered into interest rate swap agreements to effectively fix the interest rates on these loans to the rates reflected above.