XML 43 R30.htm IDEA: XBRL DOCUMENT v3.20.2
MORTGAGE LOANS AND NOTES PAYABLE (Tables) - Mortgages
9 Months Ended
Sep. 30, 2020
Summary of debt

Carrying Value as of:

 

    

September 30, 

December 31,

    

Effective

Maturity

 

Mortgage Loans and Notes Payable

    

2020

    

2019

    

Interest Rate

Date

 

(in thousands)

 

YSI 26 (1)

$

7,635

$

7,805

 

4.56

%  

Nov-20

YSI 57 (1)

 

2,680

 

2,740

 

4.61

%  

Nov-20

YSI 55

 

21,163

 

21,547

 

4.85

%  

Jun-21

YSI 24

 

23,378

 

24,042

 

4.64

%  

Jun-21

YSI 65

2,275

2,313

3.85

%  

Jun-23

YSI 66

30,137

30,588

3.51

%  

Jun-23

YSI 68

5,328

5,459

3.78

%  

May-24

Principal balance outstanding

92,596

94,494

Plus: Unamortized fair value adjustment

1,303

 

1,833

Less: Loan procurement costs, net

(192)

(287)

Total mortgage loans and notes payable, net

$

93,707

$

96,040

(1)These mortgage loans were repaid in full on November 2, 2020.

Schedule of the future principal payment requirements on the outstanding mortgage loans and notes payable The following table represents the future principal payment requirements on the outstanding mortgage loans and notes payable as of September 30, 2020 (in thousands):

2020

    

$

10,893

2021

 

45,057

2022

 

923

2023

 

31,019

2024

 

4,704

2025 and thereafter

 

Total mortgage payments

 

92,596

Plus: Unamortized fair value adjustment

 

1,303

Less: Loan procurement costs, net

(192)

Total mortgage loans and notes payable, net

$

93,707