Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events On July 15, 2025, the Company paid distributions totaling $57.3 million. On July 24, 2025, the Board of Directors declared a quarterly distribution of $0.29 per share on the Company’s common stock and OP Units for the third quarter of 2025, which will be payable on or before October 15, 2025 to stockholders and OP Unit holders of record as of September 30, 2025. Subsequent to June 30, 2025, the Company borrowed $87.0 million, and paid down $18.0 million on the unsecured revolving credit facility, the proceeds of which were used to fund investment activity and for general corporate purposes. Subsequent to June 30, 2025, the Company acquired $21.3 million in two rental properties (see Note 3). Subsequent to June 30, 2025, the Company contributed $3.4 million of land to a newly formed VIE in connection with a build-to-suit development (see Note 3).
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