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DEBT, NET OF DEFERRED FINANCING COSTS (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Term Loans and Notes Payable
The following table presents the Term Loan balances as of September 30, 2023 and December 31, 2022.
Outstanding Balance
Maturity
Interest
September 30,
December 31,
(Dollars in thousands)
Date
Rate
2023
2022
Term Loans:
Term loan due 2025
Nov 20256.40%(a)150,000 150,000 
Term loan due 2026
Nov 20266.40%(a)100,000 100,000 
Term loan due 2027
Jan 20276.35%(a)90,000 90,000 
Term loan due 2028
Jan 20286.35%(a)90,000 90,000 
Total Term Loans
$430,000 $430,000 
(a) Loan is a variable‑rate loan which resets at Daily Simple SOFR + the applicable credit spread of 0.95% to 1.00% at September 30, 2023.
The following table presents the senior unsecured fixed rate notes balance as of September 30, 2023 and December 31, 2022.
Outstanding Balance
Maturity
Interest
September 30,
December 31,
(Dollars in thousands)
Date
Rate
2023
2022
Notes Payable:
Senior unsecured fixed rate note, issued June 2017
Jun 20244.68 %$50,000 $50,000 
Senior unsecured fixed rate note, issued December 2018
Dec 20264.63 %50,000 50,000 
Senior unsecured fixed rate note, issued June 2017
Jun 20274.93 %75,000 75,000 
Senior unsecured fixed rate note, issued December 2018
Dec 20284.76 %50,000 50,000 
Senior unsecured fixed rate note, issued April 2021
Apr 20292.74 %50,000 50,000 
Senior unsecured fixed rate note, issued March 2020
Jun 20293.15 %50,000 50,000 
Senior unsecured fixed rate note, issued March 2020
Apr 20303.20 %75,000 75,000 
Senior unsecured fixed rate note, issued March 2022
Mar 20313.09 %50,000 50,000 
Senior unsecured fixed rate note, issued April 2021
Apr 20312.99 %50,000 50,000 
Senior unsecured fixed rate note, issued March 2022
Mar 20323.11 %75,000 75,000 
Senior unsecured fixed rate note, issued July 2023
Jul 20336.44 %100,000 — 
Total Notes
$675,000 $575,000 
Schedule of Debt Maturities
The following presents scheduled principal payments related to the Company’s debt as of September 30, 2023.
(In thousands)
September 30,
Remainder of 2023$— 
202450,000 
2025180,000 
2026150,000 
2027165,000 
Thereafter590,000 
Total Scheduled Principal Payments$1,135,000