Mortgage Notes Payable, Credit Facilities and Senior Notes (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt

The mortgage notes payable collateralized by respective properties and assignment of leases at December 31, 2021 and December 31, 2020, respectively, were as follows (in thousands, except interest rates):

	Maturity Date	Interest Rate		December 31,
Property				2021		2020
Casitas Plaza Shopping Center	June 2022	5.320	%	$	6,660	$	6,835
Riverstone Marketplace	July 2022	4.960	%	16,811		17,245
Fullerton Crossroads	April 2024	4.728	%	26,000		26,000
Diamond Hills Plaza	October 2025	3.550	%	35,393		35,500
				84,864		85,580
Mortgage premiums				632		1,113
Net unamortized deferred financing costs				(142)		(184)
Total mortgage notes payable				$	85,354	$	86,509

Schedule of Maturities of Notes Payable

The combined aggregate principal maturities of mortgage notes payable during the next five years and thereafter are as follows (in thousands):

	Principal Repayments		Scheduled Amortization		Mortgage Premium		Total
2022	$	23,129	$	1,004	$	344	$	24,477
2023	—		686		216		902
2024	26,000		708		72		26,780
2025	32,787		550		—		33,337
Thereafter	—		—		—		—
Total	$	81,916	$	2,948	$	632	$	85,496

The combined aggregate principal maturities of the Company’s unsecured senior notes payable during the next five years and thereafter are as follows (in thousands):

	Principal Repayments
2022	$	—
2023	250,000
2024	250,000
2025	—
2026	200,000
Thereafter	250,000
Total	$	950,000

Schedule of Carrying Value of Debt

The carrying values of the Company’s unsecured term loan (the “term loan”) were as follows (in thousands):

	December 31,
	2021		2020
Term loan	$	300,000	$	300,000
Net unamortized deferred financing costs	(1,111)		(1,476)
Term loan	$	298,889	$	298,524

The carrying value of the Company’s unsecured Senior Notes Due 2027 is as follows (in thousands):

 

	December 31,
	2021		2020
Principal amount	$	250,000	$	250,000
Net unamortized deferred financing costs	(1,050)		(1,226)
Senior Notes Due 2027	$	248,950	$	248,774

The carrying value of the Company’s unsecured Senior Notes Due 2026 is as follows (in thousands):

 

	December 31,
	2021		2020
Principal amount	$	200,000	$	200,000
Net unamortized deferred financing costs	(366)		(443)
Senior Notes Due 2026	$	199,634	$	199,557

The carrying value of the Company’s unsecured Senior Notes Due 2024 is as follows (in thousands):

	December 31,
	2021		2020
Principal amount	$	250,000	$	250,000
Unamortized debt discount	(1,188)		(1,557)
Net unamortized deferred financing costs	(652)		(873)
Senior Notes Due 2024	$	248,160	$	247,570

The carrying value of the Company’s unsecured Senior Notes Due 2023 is as follows (in thousands):

	December 31,
	2021		2020
Principal amount	$	250,000	$	250,000
Unamortized debt discount	(998)		(1,468)
Net unamortized deferred financing costs	(515)		(778)
Senior Notes Due 2023	$	248,487	$	247,754

Schedule of Unamortized Deferred Financing Costs

The unamortized balances of deferred financing costs associated with the Company’s term loan, Senior Notes Due 2027, Senior Notes Due 2026, Senior Notes Due 2024, Senior Notes Due 2023, and mortgage notes payable included as a direct reduction from the carrying amount of the related debt instrument in the consolidated balance sheets, and the unamortized balances of deferred financing costs associated with the Company’s unsecured revolving credit facility, included in Deferred charges, net in the consolidated balance sheets as of December 31, 2021 that will be charged to future operations during the next five years and thereafter are as follows (in thousands):

	Financing Costs
2022	$	2,022
2023	2,008
2024	983
2025	300
2026	234
Thereafter	170
	$	5,717