Notes Payable and Other Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Notes Payable and Other Debt

At September 30, 2020 and December 31, 2019, notes payable and total debt consisted of the following (dollars in millions):

	Interest Rate (%)	Maturity Date	Principal Outstanding
			September 30, 2020		December 31, 2019
Secured:
Kailua Town Center	(1)	2021	$	9.9	$	10.2
Kailua Town Center #2	3.15	2021	4.5		4.6
Heavy Equipment Financing	(2)	(2)	3.1		3.6
Laulani Village	3.93	2024	61.6		62.0
Pearl Highlands	4.15	2024	81.9		83.4
Manoa Marketplace	(3)	2029	58.3		59.5
Subtotal			$	219.3	$	223.3
Unsecured:
Series D Note	6.90	2020	—		16.2
Bank syndicated loan	(4)	2023	50.0		50.0
Series A Note	5.53	2024	28.4		28.5
Series J Note	4.66	2025	10.0		10.0
Series B Note	5.55	2026	46.0		46.0
Series C Note	5.56	2026	22.0		23.0
Series F Note	4.35	2026	19.7		22.0
Series H Note	4.04	2026	50.0		50.0
Series K Note	4.81	2027	34.5		34.5
Series G Note	3.88	2027	35.0		35.0
Series L Note	4.89	2028	18.0		18.0
Series I Note	4.16	2028	25.0		25.0
Term Loan 5	4.30	2029	25.0		25.0
Subtotal			$	363.6	$	383.2
Revolving Credit Facilities:
GLP Asphalt revolving credit facility	(5)	2020	—		—
A&B Revolver	(6)	2022	181.0		98.7
Subtotal			$	181.0	$	98.7
Total Debt (contractual)			763.9		705.2
Unamortized debt premium (discount)			—		(0.1)
Unamortized debt issuance costs			(0.3)		(0.5)
Total debt (carrying value)			$	763.6	$	704.6

(1) Loan has a stated interest rate of LIBOR plus 1.50%, but is swapped through maturity to a 5.95% fixed rate.

(2) Loans have stated rates ranging from 4.08% to 5.00% and stated maturity dates ranging from 2021 to 2024.

(3) Loan has a stated interest rate of LIBOR plus 1.35%, but is swapped through maturity to a 3.14% fixed rate.

(4) Loan has a stated interest rate of LIBOR plus 1.80% but is swapped through maturity to a 3.15% fixed rate.

(5) Loan has a stated interest rate of LIBOR plus 1.25%.

(6) Loan has a stated interest rate of LIBOR plus 1.85% based on pricing grid.