Mortgage Loans, Construction Loan and Interest Rate Swaps (Tables)

12 Months Ended

Dec. 31, 2021

Mortgage Loans, Construction Loan and Interest Rate Swaps

Schedule of mortgage and construction loans

Mortgage loans:	December 31, 2021		December 31, 2020
4.39%, due January 2, 2025 *	$	17,824	$	18,453
4.17%, due May 1, 2026 *		12,291		12,696
3.79%, due November 17, 2026 *		23,152		23,911
4.39%, due August 1, 2027 *		9,476		9,750
3.97%, due September 1, 2027		11,174		11,419
4.57%, due February 1, 2028 *		17,145		17,601
3.60%, due January 2, 2030 *		6,182		6,350
3.48%, due February 1, 2030		14,287		14,682
3.50%, due July 1, 2030 *		4,914		5,046
4.33%, due August 1, 2030		15,867		16,244
4.51%, due April 1, 2034		13,356		13,688
4.72%, due October 3, 2022 *		—		4,061
5.09%, due July 1, 2029		—		5,214
5.09%, due July 1, 2029		—		3,653
Mortgage loans		145,668		162,768
Debt issuance costs		(1,745)		(2,113)
Mortgage loans, net of debt issuance costs		143,923		160,655
Construction loan:
One-month LIBOR plus 1.65%, due May 7, 2023		26,273		—
Debt issuance costs		(378)		—
Construction loan, net of debt issuance costs		25,895		—
Mortgage loans and construction loan, net of debt issuance costs	$	169,818	$	160,655

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