ACQUISITIONS - Additional Information (Details) $ in Millions |
1 Months Ended | |
---|---|---|
Apr. 30, 2025
USD ($)
ft²
unit
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Mar. 31, 2025
ft²
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Office | ||
Asset Acquisition [Line Items] | ||
Square footage | ft² | 412,812 | |
Legacy West | GIC joint venture | Subsequent Event | ||
Asset Acquisition [Line Items] | ||
Square footage | ft² | 344,076 | |
Acquisition price | $ 785.0 | |
Share of purchase price | 408.2 | |
Proceeds from unsecured revolving line of credit | $ 255.0 | |
Ownership percentage in equity method investment (as a percent) | 52.00% | |
Legacy West | GIC joint venture | Subsequent Event | Mortgages Payable | ||
Asset Acquisition [Line Items] | ||
Debt assumed | $ 304.0 | |
Interest rate (as a percent) | 3.80% | |
Legacy West | Office | GIC joint venture | Subsequent Event | ||
Asset Acquisition [Line Items] | ||
Square footage | ft² | 443,553 | |
Legacy West | Multifamily | GIC joint venture | Subsequent Event | ||
Asset Acquisition [Line Items] | ||
Number of multifamily rental units | unit | 782 |
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- Definition Area of a real estate property. No definition available.
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- Definition Amount of consideration transferred in asset acquisition. Includes, but is not limited to, cash, liability incurred by acquirer, and equity interest issued by acquirer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value portion of investments accounted under the equity method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The fair value of loans assumed in noncash investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The number of units in a real estate property owned as of the balance sheet date. No definition available.
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- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is uncollateralized (where debt is not backed by the pledge of collateral). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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