v3.26.1
Mortgage Notes, Lines of Credit and Bonds Payable (Tables)
6 Months Ended
Jun. 30, 2026
Mortgage Notes, Lines of Credit and Bonds Payable  
Schedule of indebtedness outstanding

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Book

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Annual

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 Value of

($ in thousands)

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Interest

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Principal

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Collateral

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Rate as of

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Next

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Outstanding as of

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as of

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Interest

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June 30,

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Interest Rate

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Adjustment

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June 30,

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December 31,

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Maturity

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June 30,

Loan

  ​

Payment Terms

  ​

2026

  ​

Terms

  ​

Date

  ​

2026

  ​

2025

  ​

Date

  ​

2026

Farmer Mac Facility

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Monthly

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4.92%

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SOFR + 1.30%

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N/A

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$

63,200

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$

—

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December 2028

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107,067

MetLife Term Loan #1

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Semi-annual

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5.49%

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Fixed for 3 years

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February 2029

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67,086

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67,086

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February 2036

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90,502

MetLife Term Loan #4

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Semi-annual

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5.58%

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Fixed for 3 years

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N/A

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1,200

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1,200

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June 2027

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2,695

MetLife Term Loan #5

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Semi-annual

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5.19%

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Fixed for 3 years

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N/A

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1,827

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1,827

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January 2027

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5,370

MetLife Term Loan #6

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Semi-annual

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5.18%

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Fixed for 3 years

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N/A

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16,226

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16,226

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February 2027

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26,242

MetLife Term Loan #7

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Semi-annual

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5.38%

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Fixed for 3 years

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N/A

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6,934

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6,934

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June 2027

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12,133

MetLife Term Loan #8

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Semi-annual

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4.12%

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Fixed for 10 years

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December 2027

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35,200

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35,200

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December 2042

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110,042

MetLife Term Loan #9

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Semi-annual

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6.37%

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Fixed for 3 years

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May 2027

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6,400

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6,400

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May 2028

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12,413

MetLife Term Loan #10

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Semi-annual

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6.36%

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Fixed

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N/A

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21,806

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21,806

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October 2030

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35,766

MetLife Facility

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Quarterly

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5.66%

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SOFR + 1.95%

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N/A

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—

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—

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October 2027

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70,819

Rabobank (1)

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Semi-annual

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5.43%

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SOFR + 1.81%

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N/A

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4,912

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4,912

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March 2028

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8,633

Rutledge Facility

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Quarterly

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5.09%

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SOFR + 1.40%

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N/A

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—

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February 2027

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126,876

Total outstanding principal

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224,791

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161,591

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$

608,558

Debt issuance costs

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(906)

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(749)

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Unamortized premium

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—

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Total mortgage notes and bonds payable, net

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$

223,885

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$

160,842

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(1)The Company had an interest rate swap agreement with Rabobank for $4.9 million. The agreement expired on March 1, 2026 (see “Note 10—Hedge Accounting”).
Schedule of aggregate maturities of long-term debt

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($ in thousands)

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Year Ending December 31,

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Future Maturities

 

2026 (remaining six months)

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$

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2027

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26,187

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2028

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74,512

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2029

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—

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2030

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21,806

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Thereafter

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102,286

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$

224,791

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