Quarterly report pursuant to Section 13 or 15(d)

Mortgage Notes Payable and Credit Facility - Company's Mortgage Notes Payable and Line of Credit (Details)

v3.23.2
Mortgage Notes Payable and Credit Facility - Company's Mortgage Notes Payable and Line of Credit (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2023
USD ($)
property
mortgage
Dec. 31, 2022
USD ($)
Debt Instrument [Line Items]    
Encumbered properties | property 134  
Total $ 753,734 $ 749,206
Weighted average interest rate on debt outstanding 4.23%  
SOFR    
Debt Instrument [Line Items]    
Variable rate at period end 5.09%  
Mortgage notes payable    
Debt Instrument [Line Items]    
Encumbered properties | property 49  
Carrying value $ 350,732  
Premiums and discounts, net (62) (83)
Deferred financing costs, net (2,299) (2,565)
Total $ 348,371 359,389
Number of mortgage notes payable | mortgage 43  
Weighted average interest rate on debt outstanding 5.48%  
Fixed rate mortgage loans    
Debt Instrument [Line Items]    
Encumbered properties | property 49  
Carrying value $ 350,732 362,037
Stated interest rate 4.16%  
Fixed rate mortgage loans | Minimum    
Debt Instrument [Line Items]    
Stated interest rate 2.80%  
Fixed rate mortgage loans | Maximum    
Debt Instrument [Line Items]    
Stated interest rate 6.63%  
Variable rate revolving credit facility | Revolving Credit Facility    
Debt Instrument [Line Items]    
Encumbered properties | property 85  
Carrying value $ 38,450 23,250
Total $ 38,450 23,250
Scheduled maturity dates Aug. 18, 2026  
Variable rate revolving credit facility | Revolving Credit Facility | SOFR    
Debt Instrument [Line Items]    
Spread on debt 1.50%  
Credit Facility    
Debt Instrument [Line Items]    
Deferred financing costs, net $ (3,087) (3,433)
Total 366,913 366,567
Variable rate term loan facility A    
Debt Instrument [Line Items]    
Carrying value $ 160,000 160,000
Scheduled maturity dates Aug. 18, 2027  
Variable rate term loan facility A | SOFR    
Debt Instrument [Line Items]    
Spread on debt 1.45%  
Variable rate term loan facility B    
Debt Instrument [Line Items]    
Carrying value $ 60,000 60,000
Scheduled maturity dates Feb. 11, 2026  
Variable rate term loan facility B | SOFR    
Debt Instrument [Line Items]    
Spread on debt 1.45%  
Variable rate term loan facility C    
Debt Instrument [Line Items]    
Carrying value $ 150,000 $ 150,000
Scheduled maturity dates Feb. 18, 2028  
Variable rate term loan facility C | SOFR    
Debt Instrument [Line Items]    
Spread on debt 1.45%