v3.25.1
NOTES PAYABLE - Additional Information (Details)
 3 Months Ended
Mar. 26, 2025
USD ($)
Mar. 25, 2025
Feb. 06, 2025
USD ($)
project
extension_option
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Apr. 20, 2025
Feb. 05, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]                
Debt obligations coming due over the 12-month period       $ 611,100,000        
Long term debt, remaining term       12 months        
Interest expense       $ 28,347,000 $ 32,452,000      
Amortization of deferred financing costs       2,312,000 2,482,000      
Interest payable, current       8,800,000       $ 8,600,000
Debt covenant, debt service coverage ratio, noncompliance, principal paydown requirement, minimum       4,000,000        
Debt covenant, debt service coverage ratio, noncompliance, principal paydown requirement, maximum       6,000,000        
Term debt       1,447,912,000       1,442,661,000
Amount drawn       $ 1,468,122,000       1,451,063,000
Mortgages                
Debt Instrument [Line Items]                
Long term debt, remaining term       12 months        
Amended and Restated Portfolio Loan Facility                
Debt Instrument [Line Items]                
Debt instrument, covenant, deferred asset management fee payment, percentage     0.10          
Amended and Restated Portfolio Loan Facility | Secured Debt                
Debt Instrument [Line Items]                
Number of extensions | extension_option     2          
Extension period     12 months          
Basis spread on variable rate     3.00%          
Term debt             $ 465,900,000  
Line of credit facility, additional borrowing capacity     $ 15,000,000 $ 13,000,000        
Debt instrument, covenant, first portfolio loan property sale, available proceeds     30,000,000          
Debt instrument, covenant, subsequent portfolio loan property sale, available proceeds     $ 15,000,000          
Debt instrument, excess cash flow deposit requirement, percentage     100.00%          
Debt instrument, covenant, maximum asset management fee payment, percentage     0.90          
Debt instrument, covenant, deferred asset management fee payment, percentage     0.10          
Debt instrument, covenant, sale of SREIT, cash proceeds to be applied     $ 30,000,000          
Debt instrument, covenant, sale of SREIT, cash proceeds, required prepayment percentage of outstanding obligations     50.00%          
Debt instrument, covenant, sale of SREIT, cash proceeds, required distribution to fund capital and cash flow needs, percentage     50.00%          
Debt instrument, covenant, sale of SREIT, cash proceeds, required to fund the cash sweep collateral account for capital needs, percentage     50.00%          
Debt instrument, covenant, sale of accenture tower, cash proceeds fund cash sweep collateral account     $ 10,000,000          
Debt instrument, covenant, sale of the almaden, required cash proceeds to reduce obligations     10,000,000          
Other indebtedness demand made or guaranteed, amount     5,000,000          
Amount drawn       467,885,000       460,938,000
Amended and Restated Portfolio Loan Facility | Secured Debt | Debt Covenant Period One                
Debt Instrument [Line Items]                
Debt instrument, covenant, required maximum facility amount     $ 420,000,000          
Debt instrument, covenant, maximum number of counted projects | project     5          
Amended and Restated Portfolio Loan Facility | Secured Debt | Debt Covenant Period Two                
Debt Instrument [Line Items]                
Debt instrument, covenant, required maximum facility amount     $ 300,000,000          
Debt instrument, covenant, maximum number of counted projects | project     4          
Amended and Restated Portfolio Loan Facility | Secured Debt | Debt Covenant Period Three                
Debt Instrument [Line Items]                
Debt instrument, covenant, required maximum facility amount     $ 150,000,000          
Debt instrument, covenant, maximum number of counted projects | project     3          
Carillon Mortgage Loan | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate 2.00% 1.50%            
Term debt $ 87,800,000              
Debt instrument, covenant, maximum asset management fee payment, percentage 0.90              
Debt instrument, covenant, deferred asset management fee payment, percentage 0.10              
Other indebtedness demand made or guaranteed, amount $ 5,000,000              
Maximum borrowing capacity 95,000,000              
Debt instrument, periodic payment, principal 112,000              
Amount drawn       88,557,000       $ 88,140,000
Carillon Mortgage Loan | Mortgages | Subsequent Event                
Debt Instrument [Line Items]                
Debt instrument, excess cash flow deposit requirement, percentage           100.00%    
New Availability on Carillon Mortgage Revolving Loan | Mortgages                
Debt Instrument [Line Items]                
Line of credit facility, additional borrowing capacity $ 7,200,000     6,400,000        
Interest Expense                
Debt Instrument [Line Items]                
Amortization of deferred financing costs       $ 2,300,000 $ 2,500,000