DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt Instruments

The following table summarizes the balance of the Company’s indebtedness as of June 30, 2024 and December 31, 2023 (dollars in thousands):

	June 30, 2024						December 31, 2023
	Principal Amount		Deferred Loan Fees		Carrying Amount		Principal Amount		Deferred Loan Fees		Carrying Amount
Senior unsecured notes payable	$	400,000	$	(3,517)	$	396,483	$	400,000	$	(3,961)	$	396,039
Senior unsecured term loan	200,000		(335)		199,665		200,000		(441)		199,559
Unsecured revolving credit facility(1)	—		—		—		—		—		—
Secured borrowing(2)	75,000		—		75,000		—		—		—
	$	675,000	$	(3,852)	$	671,148	$	600,000	$	(4,402)	$	595,598

(1) Deferred financing fees are included in deferred financing costs, net on the balance sheet, and not reflected as a reduction to the unsecured revolving credit facility.

(2) See Note 5, Other Real Estate Related and Other Investments, for more information on the secured borrowing.