Loans Payable and Secured Line of Credit (Tables)

9 Months Ended

Sep. 30, 2022

Loans Payable and Secured Line of Credit

Schedule of combined aggregate principal maturities of our loans

Combined aggregate principal maturities of our loans, secured line of credit and note payable as of September 30, 2022, excluding extension options, were as follows (dollars in thousands):

Year of Maturity	Principal
2022	$	—
2023		210,287
2024		35,750
2025		—
2026		—
		246,037
Less: deferred finance costs, net		(4,970)
Total loans, secured line of credit, and note payable, net	$	241,067

Schedule of consolidated interest (income) expense

Consolidated interest expense, net includes the following (dollars in thousands):

	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2022		2021		2022		2021
				As Restated				As Restated
Interest expense	$	4,932	$	5,473	$	13,759	$	15,743
Interest capitalized		(1,383)		(3,106)		(4,146)		(10,728)
Interest income		—		—		—		(1)
Interest expense, net	$	3,549	$	2,367	$	9,613	$	5,014