| Summary of debt |
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Carrying Value as of:
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September 30,
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December 31,
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Effective
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Maturity
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Mortgage Loans and Notes Payable
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2017
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2016
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Interest Rate
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Date
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(in thousands)
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YSI 67
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$
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—
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$
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6,216
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2.55
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%
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Mar-17
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YSI 33
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9,627
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9,860
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6.42
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%
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Jul-19
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YSI 26
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|
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8,278
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8,423
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4.56
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%
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Nov-20
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YSI 57
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|
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2,906
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2,957
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4.61
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%
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Nov-20
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YSI 55
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22,622
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22,952
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4.85
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%
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Jun-21
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YSI 24
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25,896
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26,464
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4.64
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%
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Jun-21
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YSI 65
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2,423
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2,457
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3.85
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%
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Jun-23
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YSI 66
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|
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31,862
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32,257
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3.51
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%
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Jun-23
|
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YSI 68
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|
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5,825
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—
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3.78
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%
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May-24
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Principal balance outstanding
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109,439
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111,586
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Plus: Unamortized fair value adjustment
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3,472
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3,742
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Less: Loan procurement costs, net
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(697)
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(710)
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Total mortgage loans and notes payable, net
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$
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112,214
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$
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114,618
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| Schedule of the future principal payment requirements on the outstanding mortgage loans and notes payable |
The following table represents the future principal payment requirements on the outstanding mortgage loans and notes payable as of September 30, 2017 (in thousands):
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|
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2017
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$
|
644
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2018
|
|
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2,650
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2019
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|
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11,652
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2020
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|
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12,791
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2021
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45,057
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2022 and thereafter
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36,645
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Total mortgage payments
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109,439
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Plus: Unamortized fair value adjustment
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3,472
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Less: Loan procurement costs, net
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(697)
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Total mortgage loans and notes payable, net
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$
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112,214
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