XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
Notes Payable (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Notes payable consists of the following (in thousands):
Maturity DatesSeptember 30,
2022
December 31,
2021
Fixed rate mortgage notes payable2024 to 2045$506,137 $561,006 
Fannie Mae mortgage notes payable (1)
202231,991 31,991 
Variable rate mortgage notes payable (2)
2026 to 2029129,727 88,711 
Notes payable - insurance20231,395 3,483 
Notes payable - other20232,121 2,121 
Total notes payable$671,371 $687,312 
Less: deferred financing costs, net(5,436)(4,201)
Total notes payable, net$665,935 $683,111 
Less: current portion(46,137)(69,769)
Total long-term notes payable, net$619,798 $613,342 
Summary of Aggregate Scheduled Maturities of Notes Payable
The following schedule summarizing our notes payable as of September 30, 2022 (in thousands):
Principal payments due in:
2022 (1)
$35,813 
202315,054 
2024152,155 
2025114,285 
2026155,919 
Thereafter198,145 
Total notes payable, excluding deferred financing costs$671,371 
__________
(1) See “Transactions Involving Certain Fannie Mae Loans” disclosure below.
(2) See Note 12 for interest rate cap agreements on variable rate mortgage notes payable.