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Mortgage Notes Payable (Tables)
6 Months Ended
Jun. 30, 2021
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, 2021

 

 

December 31, 2020

 

 

Maturity

People’s United Bank

 

 

4.18

%

 

 

15,500

 

 

 

15,500

 

 

10/15/2024

American International Group

 

 

4.05

%

 

 

233,100

 

 

 

233,100

 

 

3/1/2025

Allstate Life Insurance Company

 

 

4.00

%

 

 

36,821

 

 

 

37,201

 

 

4/1/2025

United States Life Insurance Company

 

 

3.82

%

 

 

39,000

 

 

 

39,000

 

 

1/1/2028

United States Life Insurance Company

 

 

4.25

%

 

 

33,000

 

 

 

33,000

 

 

4/1/2028

Transamerica Life Insurance Company

 

 

3.45

%

 

 

5,980

 

 

 

5,980

 

 

4/1/2030

Transamerica Life Insurance Company

 

 

3.45

%

 

 

2,420

 

 

 

2,420

 

 

4/1/2030

 

 

Subtotal

 

 

 

365,821

 

 

 

366,201

 

 

 

 

 

Unamortized loan costs

 

 

 

(4,154

)

 

 

(4,618

)

 

 

 

 

Total

 

 

$

361,667

 

 

$

361,583

 

 

 

 

 

Scheduled of Principal Repayments Scheduled principal repayments for the remainder of 2021, the next five years and thereafter are as follows (in thousands):

Remainder of 2021

$

472

 

2022

 

1,299

 

2023

 

1,794

 

2024

 

16,343

 

2025

 

267,878

 

2026

 

868

 

Thereafter

 

77,167

 

Total

$

365,821