MORTGAGE NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2020

MORTGAGE NOTES PAYABLE

Schedule of Mortgage Notes Payable

	Principal Balance At
	March 31,		December 31,
	2020		2019
	(in thousands)
Fixed rate mortgage notes payable (a)	$	396,922	$	395,038
Less unamortized debt issuance costs		1,848		1,874
	$	395,074	$	393,164

(a) Includes $16,079 and $12,960 of variable rate mortgage debt that was swapped to a fixed rate at March 31, 2020 and December 31, 2019, respectively.

Scheduled Maturities of Mortgage Notes Payable

Years ending December 31,	Amount
	(in thousands)
2020 (April 1, 2020 – December 31, 2020)	$	21,654
2021		32,575
2022		26,753
2023		49,526
2024		16,943
Thereafter		249,471
Total payments	$	396,922