Mortgage Notes Payable (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Summary of Company's Mortgage Notes Payable

The following table sets forth a summary of the Company’s mortgage notes payable (in thousands):

				Principal			Principal
				Outstanding as of			Outstanding as of
Loan	Interest Rate			June 30, 2024			December 31, 2023			Maturity
People’s United Bank		4.18	%		14,518			14,710		10/15/2024
Allstate Life Insurance Company		4.00	%		34,381			34,808		4/1/2025
United States Life Insurance Company		3.82	%		39,000			39,000		1/1/2028
United States Life Insurance Company		4.25	%		32,348			32,632		4/1/2028
Transamerica Life Insurance Company		3.45	%		7,924			8,037		4/1/2030
American General Life Insurance Company		6.12	%		124,756			—		4/1/2031
American International Group 2022		4.63	%		225,000			225,000		9/1/2032
Transamerica Life Insurance Company 2023		5.40	%		25,000			25,000		8/1/2033
	Subtotal				502,927			379,187
	Unamortized loan costs				(12,558	)		(9,764	)
	Total			$	490,369		$	369,423

Scheduled of Principal Repayments

Scheduled principal repayments for the remainder of 2024, the next five years and thereafter are as follows (in thousands):

Remainder of 2024	$	16,105
2025		36,341
2026		2,641
2027		3,019
2028		71,697
2029		2,656
Thereafter		370,468
Total	$	502,927