Orion Office REIT Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Realty Income Office Assets, Mortgages Payable (Tables)

Realty Income Office Assets, Mortgages Payable (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Maturities of Long-term Debt

The following summarizes Realty Income Office Assets’ mortgages payable as of September 30, 2021 and December 31, 2020, respectively (dollars in thousands):


Office Properties	Fixed Rate	Maturity Date	September 30, 2021		December 31, 2020
East Windsor, NJ (1)	4.9%	6/1/2022	$	9,625	$	9,625
Columbus, OH (2)	5.6%	6/1/2032	—		12,811
Tucson, AZ (2)	5.4%	7/1/2021	—		14,040
Remaining principal balance			9,625		36,476
Unamortized premium, net			31		576
Total mortgages payable, net			$	9,656	$	37,052

(1) The mortgage related to the East Windsor, NJ property was paid in full on October 1, 2021. As a result of the early repayment, Realty Income Office Assets incurred a $0.3 million prepayment penalty.

(2) In April 2021, on behalf of Realty Income Office Assets, Realty Income repaid the mortgage on the property in Tucson, AZ in full for $14.0 million and in September 2021, repaid the mortgage on the property in Columbus, OH in full for $12.5 million.