v3.25.1
Debt - Schedule of Long-term Debt Instruments (Details)
1 Months Ended 3 Months Ended
May 08, 2025
USD ($)
Mar. 31, 2025
USD ($)
property
option
Mar. 31, 2024
USD ($)
Apr. 04, 2025
Dec. 31, 2024
USD ($)
Debt          
Duration used in interest rate calculation (in days)   360 days      
Net borrowings   $ 494,000,000 $ 98,000,000    
Number of office properties | property   6      
Hollywood Media Portfolio CMBS, net | Interest Rate Cap | Designated as hedging Instrument          
Debt          
Notional amount   $ 539,000,000      
Hollywood Media Portfolio CMBS, net | Interest Rate Cap | Designated as hedging Instrument | Cash Flow Hedging, Partial          
Debt          
Interest rate (as a percent)   6.01%      
Hollywood Media Portfolio CMBS, net | Interest Rate Swap | Designated as hedging Instrument          
Debt          
Notional amount   $ 351,200,000      
Hollywood Media Portfolio CMBS, net | Interest Rate Swap | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Interest rate (as a percent)   3.31%      
Hollywood Media Portfolio CMBS, net | Interest Rate Swap | Designated as hedging Instrument          
Debt          
Notional amount   $ 179,600,000      
Hollywood Media Portfolio CMBS, net | Interest Rate Swap | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Interest rate (as a percent)   4.13%      
Hollywood Media Portfolio CMBS, net | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial          
Debt          
Interest rate (as a percent)   6.01%      
Hollywood Media Portfolio CMBS, net | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Notional amount   $ 539,000,000      
1918 Eighth | Interest Rate Swap | Designated as hedging Instrument          
Debt          
Notional amount   $ 172,900,000      
1918 Eighth | Interest Rate Swap | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Interest rate (as a percent)   3.75%      
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument          
Debt          
Notional amount   $ 141,400,000      
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial          
Debt          
Interest rate (as a percent)   5.00%      
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging          
Debt          
Notional amount   $ 141,435,000      
Sunset Glenoaks Studios | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial          
Debt          
Interest rate (as a percent)   4.50%      
Office Portfolio CMBS | Interest Rate Swap | Designated as hedging Instrument | Subsequent Event          
Debt          
Interest rate (as a percent)       3.4075%  
Office Portfolio CMBS | Interest Rate Caps | Designated as hedging Instrument | Subsequent Event          
Debt          
Interest rate (as a percent)       3.35%  
Office Portfolio CMBS | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial          
Debt          
Interest rate (as a percent)   4.96%      
Unsecured debt          
Debt          
TOTAL   $ 2,138,000,000     $ 2,435,000,000
Unsecured debt | Series B Notes          
Debt          
TOTAL   $ 259,000,000     259,000,000
Interest rate (as a percent)   4.69%      
Unsecured debt | Series C Notes          
Debt          
TOTAL   $ 56,000,000     56,000,000
Interest rate (as a percent)   4.79%      
Unsecured debt | Series D Notes          
Debt          
TOTAL   $ 150,000,000     150,000,000
Interest rate (as a percent)   3.98%      
Unsecured debt | 3.95% Registered senior notes          
Debt          
TOTAL   $ 400,000,000     400,000,000
Interest rate (as a percent)   3.95%      
Unsecured debt | 4.65% Registered senior notes          
Debt          
TOTAL   $ 500,000,000     500,000,000
Interest rate (as a percent)   4.65%      
Unsecured debt | 3.25% Registered senior notes          
Debt          
TOTAL   $ 400,000,000     400,000,000
Interest rate (as a percent)   3.25%      
Unsecured debt | 5.95% Registered senior notes          
Debt          
TOTAL   $ 350,000,000     350,000,000
Interest rate (as a percent)   5.95%      
Secured debt          
Debt          
TOTAL   $ 2,060,667,000     1,752,667,000
Secured debt | Hollywood Media Portfolio CMBS, net          
Debt          
TOTAL   $ 1,069,767,000     1,069,767,000
Extension term   1 year      
Number of extension options | option   3      
Payments to acquire bonds   $ 30,200,000      
Secured debt | Hollywood Media Portfolio CMBS          
Debt          
Debt, face amount   $ 1,100,000,000     1,100,000,000
Basis spread on variable rate (as a percent)   1.10%      
Secured debt | Acquired Hollywood Media Portfolio CMBS debt          
Debt          
Acquired Hollywood Media Portfolio CMBS debt   $ (30,233,000)     (30,233,000)
Basis spread on variable rate (as a percent)   2.11%      
Secured debt | Element LA          
Debt          
TOTAL   $ 0     168,000,000
Interest rate (as a percent)   4.59%      
Secured debt | 1918 Eighth          
Debt          
TOTAL   $ 314,300,000     314,300,000
Basis spread on variable rate (as a percent)   1.40%      
Secured debt | Hill7          
Debt          
TOTAL   $ 101,000,000     101,000,000
Interest rate (as a percent)   3.38%      
Secured debt | Sunset Glenoaks Studios          
Debt          
TOTAL   $ 100,600,000     99,600,000
Basis spread on variable rate (as a percent)   3.10%      
Extension term   1 year      
Number of extension options | option   2      
Debt instrument, maximum capacity   $ 100,600,000      
Secured debt | Office Portfolio CMBS          
Debt          
TOTAL   $ 475,000,000     0
Basis spread on variable rate (as a percent)   3.76%      
Extension term   1 year      
Number of extension options | option   3      
Debt instrument, maximum capacity   $ 475,000,000.0      
Secured debt | Minimum | Sunset Glenoaks Studios          
Debt          
Basis spread on variable rate (as a percent)   2.50%      
Secured debt | Maximum | Sunset Glenoaks Studios          
Debt          
Basis spread on variable rate (as a percent)   3.10%      
Unsecured and secured debt          
Debt          
TOTAL   $ 4,198,667,000     4,187,667,000
Unamortized deferred financing costs/loan discounts   (20,324,000)     (10,823,000)
Debt   4,178,343,000     4,176,844,000
Joint venture partner debt          
Debt          
TOTAL   66,136,000      
Debt   $ 66,136,000     66,136,000
Interest rate (as a percent)   4.50%      
Extension term   2 years      
Number of extension options | option   2      
Revolving credit facility | Unsecured debt          
Debt          
TOTAL   $ 23,000,000     320,000,000
Basis spread on variable rate (as a percent)   1.35%      
Maximum borrowing capacity   $ 775,000,000.0     $ 900,000,000
Maximum borrowing capacity including accordion feature   $ 2,000,000,000      
Extension term   6 months      
Number of extension options | option   2      
Revolving credit facility | Unsecured debt | Subsequent Event          
Debt          
Net borrowings $ 507,000,000.0        
Revolving credit facility | Unsecured debt | CAD          
Debt          
Maximum borrowing capacity   $ 193,800,000      
Revolving credit facility | Unsecured debt | GBP          
Debt          
Maximum borrowing capacity   $ 193,800,000      
Revolving credit facility | Unsecured debt | Minimum          
Debt          
Basis spread on variable rate (as a percent)   1.15%      
Commitment fee (as a percent)   0.15%      
Revolving credit facility | Unsecured debt | Maximum          
Debt          
Basis spread on variable rate (as a percent)   1.60%      
Commitment fee (as a percent)   0.30%