Mortgage Notes and Secured Credit Facility (Tables)

12 Months Ended

Dec. 31, 2023

Debt Instrument [Line Items]

Summary of Future Principal Payment Due Under Company's Mortgage Notes and Credit Facility

The following table details the future principal payments due under the Company’s mortgage notes and Credit Facility as of December 31, 2023 ($ in thousands):

Year	Mortgage Notes		Credit Facility		Total
2024	$	510	$	—	$	510
2025		536		—		536
2026		560		—		560
2027		585		—		585
2028		607		—		607
Thereafter		112,548		—		112,548
Total future commitments	$	115,346	$	—	$	115,346

Secured credit facility

Debt Instrument [Line Items]

Summary of Company's Mortgage notes and secured credit facility

The following is a summary of the Company's Credit Facility (defined below) ($ in thousands):

					Principal Balance Outstanding
Indebtedness	Interest Rate	Maturity Date	Maximum Facility Size		December 31, 2023		December 31, 2022
Credit Facility(1)	SOFR + 2.45%	8/29/2024	$	8,000	$	—	$	40,200

(1) The Credit Facility has a one-year extension of the maturity date at the Company's request.

Mortgage notes

Debt Instrument [Line Items]

Summary of Company's Mortgage notes and secured credit facility

The following is a summary of the fixed-rate mortgage notes secured by the Company’s properties ($ in thousands):

					Principal Balance Outstanding
Indebtedness	Interest Rate			Maturity Date	December 31, 2023			December 31, 2022
Caroline West Gray		5.44	%	12/1/2029	$	45,911		$	45,911
Caroline Post Oak		5.44	%	12/1/2029		40,528			40,528
Coda on Centre		4.28	%	5/1/2029		28,907			29,399
Total fixed-rate loans						115,346			115,838
Deferred financing costs, net						(1,030	)		(1,202	)
Mortgage discount, net						(739	)		(876	)
Total mortgage notes					$	113,577		$	113,760

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