XML 43 R34.htm IDEA: XBRL DOCUMENT v3.22.1
Notes Payable, Revolving Credit Facility, Interest and Amortization of Deferred Debt Costs - Narrative (Details) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 11, 2022
Mar. 31, 2022
Mar. 31, 2021
Feb. 23, 2022
Dec. 31, 2021
Debt Instrument [Line Items]            
Revolving credit facility payable $ 135,360,000   $ 135,360,000     $ 103,167,000
Repayments of secured debt     36,473,000 $ 13,553,000    
Principal amount 1,139,855,000   1,139,855,000      
Principal amount 1,150,552,000   1,150,552,000     1,200,000,000
Debt outstanding with fixed-rate 912,600,000   912,600,000     949,000,000
Debt outstanding with variable-rate 238,000,000   238,000,000     206,000,000
Carrying value of properties collateralizing mortgage notes 1,100,000,000   1,100,000,000     1,100,000,000
Unamortized deferred debt costs 10,697,000   10,697,000     11,200,000
Debt issuance costs amortization 7,700,000   7,700,000     $ 7,700,000
Broadlands Village Mortgage            
Debt Instrument [Line Items]            
Guarantor obligations, maximum exposure 3,700,000   3,700,000      
Principal amount 29,500,000   29,500,000      
Avenel Business Park            
Debt Instrument [Line Items]            
Guarantor obligations, maximum exposure 6,300,000   6,300,000      
The Waycroft Mortgage            
Debt Instrument [Line Items]            
Guarantor obligations, maximum exposure $ 23,600,000   23,600,000      
Revolving Credit Facility | LIBOR            
Debt Instrument [Line Items]            
Interest rate spread on LIBOR 1.35%          
Term Facility | LIBOR            
Debt Instrument [Line Items]            
Interest rate spread on LIBOR 1.30%          
Unsecured Revolving Credit Facility            
Debt Instrument [Line Items]            
Line of credit facility, remaining borrowing capacity $ 233,500,000   233,500,000      
Revolving credit facility payable 238,000,000   238,000,000      
Letter of Credit            
Debt Instrument [Line Items]            
Revolving credit facility payable 185,000   185,000      
Line of Credit            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity 525,000,000   525,000,000      
Line of Credit | Revolving Credit Facility            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity 425,000,000   425,000,000      
Line of Credit | Term Facility            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity 100,000,000   100,000,000      
Line of Credit | Unsecured Revolving Credit Facility            
Debt Instrument [Line Items]            
Revolving credit facility payable 138,000,000   $ 138,000,000      
Secured Debt | Construction-to-Permanent Loan            
Debt Instrument [Line Items]            
Debt instrument, face amount         $ 133,000,000  
Debt instrument, interest rate, stated percentage         3.90%  
Amortization period     25 years      
Mortgages | Lansdowne Town Center Mortgage            
Debt Instrument [Line Items]            
Repayments of secured debt   $ 28,300,000        
Mortgages | Avenel Business Park            
Debt Instrument [Line Items]            
Principal amount 23,800,000   $ 23,800,000      
Mortgages | The Waycroft Mortgage            
Debt Instrument [Line Items]            
Principal amount 155,200,000   155,200,000      
Mortgages | Ashbrook Marketplace Mortgage            
Debt Instrument [Line Items]            
Principal amount 21,200,000   21,200,000      
Mortgages | Kentlands Place Mortgage            
Debt Instrument [Line Items]            
Principal amount $ 28,800,000   $ 28,800,000