Notes Payable - Summary of Notes Payable (Detail)
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1 Months Ended |
12 Months Ended |
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Nov. 21, 2025 |
Sep. 02, 2025
extension
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May 30, 2025
USD ($)
extension
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Jan. 31, 2026 |
Dec. 31, 2025
USD ($)
extension
property
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Dec. 31, 2024
USD ($)
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Mar. 31, 2024
USD ($)
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 3,278,649,000
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$ 3,379,622,000
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| Unsecured Debt |
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3,175,000,000
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3,275,000,000
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| Secured Debt |
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103,649,000
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104,622,000
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| Less: unamortized discount and debt issuance costs |
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(26,740,000)
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(33,660,000)
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| Notes payable |
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$ 3,251,909,000
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3,345,962,000
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| Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate |
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0.725%
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| Number of extensions | extension |
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2
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| Revolving Credit Facility | Subsequent Event |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate |
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0.685%
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| Debt Instrument, Interest Rate, Increase (Decrease) |
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(0.04%)
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| Revolving Credit Facility | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 0
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0
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| Basis spread on variable rate |
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0.725%
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| Fixed interest rate |
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4.595%
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| Maturity date |
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May 30, 2029
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| $575M Exchangeable Senior Notes due 2027 |
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| Debt Instrument [Line Items] |
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| Notes payable |
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$ 569,800,000
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565,900,000
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| $300 Million Unsecured Term Loan Facility | Senior Unsecured Term Loan |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 300,000,000
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$ 300,000,000
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300,000,000
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| Basis spread on variable rate |
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0.80%
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| Fixed interest rate |
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3.617%
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| Maturity date |
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May 26, 2027
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| Debt Instrument, Interest Rate, Increase (Decrease) |
(0.10%)
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| Effective Interest Rate |
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3.61725%
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| $300 Million Unsecured Term Loan Facility | Senior Unsecured Term Loan | Subsequent Event |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate |
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0.76%
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| $300 Million Unsecured Term Loan Facility | Senior Unsecured Term Loan | Interest Rate Swap |
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| Debt Instrument [Line Items] |
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| Derivative, Average Fixed Interest Rate |
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2.81725%
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| $575M Exchangeable Senior Notes due 2029 |
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| Debt Instrument [Line Items] |
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| Notes payable |
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$ 566,800,000
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564,600,000
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| $400 Million Unsecured Term Loan | Senior Unsecured Term Loan |
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| Debt Instrument [Line Items] |
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| Effective Interest Rate |
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4.21375%
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| $60 Million Term Loan Facility |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate |
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1.25%
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| $60 Million Term Loan Facility | Term Loan |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 60,000,000
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60,000,000
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| Basis spread on variable rate |
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1.25%
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| Fixed interest rate |
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5.06%
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| Maturity date |
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Oct. 27, 2026
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| $60 Million Term Loan | Term Loan |
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| Debt Instrument [Line Items] |
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| Extension period |
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1 year
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| Number Of Properties Securing Loan | property |
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6
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| $60 Million Term Loan | Senior Unsecured Term Loan |
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| Debt Instrument [Line Items] |
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| Effective Interest Rate |
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5.06%
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| $60 Million Term Loan | Senior Unsecured Term Loan | Interest Rate Swap |
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| Debt Instrument [Line Items] |
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| Derivative, Average Fixed Interest Rate |
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3.71%
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| Senior Notes | $100 Million Notes |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 0
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100,000,000
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| Fixed interest rate |
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4.29%
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| Maturity date |
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Aug. 06, 2025
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| Senior Notes | $125 Million Notes |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 125,000,000
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125,000,000
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| Fixed interest rate |
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3.93%
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| Maturity date |
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Jul. 13, 2027
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| Senior Notes | $300 Million Notes |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 300,000,000
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300,000,000
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| Fixed interest rate |
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5.00%
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| Maturity date |
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Jun. 15, 2028
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| Senior Notes | Series 2019A Guaranteed Senior Notes |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 25,000,000
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25,000,000
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| Fixed interest rate |
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3.88%
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| Maturity date |
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Jul. 16, 2029
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| Senior Notes | $400M Senior Notes |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 400,000,000
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400,000,000
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| Fixed interest rate |
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2.125%
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| Maturity date |
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Dec. 01, 2030
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| Senior Notes | Senior Notes Due 2031 |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 400,000,000
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400,000,000
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| Fixed interest rate |
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2.15%
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| Maturity date |
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Sep. 01, 2031
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| Senior Notes | Series 2019B Guaranteed Senior Notes |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 75,000,000
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75,000,000
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| Fixed interest rate |
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4.03%
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| Maturity date |
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Jul. 16, 2034
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| Fixed Rate Debt | 701-751 Kingshill Place |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 6,715,000
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6,852,000
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| Fixed interest rate |
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3.90%
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| Maturity date |
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Jan. 05, 2026
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| Debt Instrument, Periodic Payment |
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$ 33,488
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| Fixed Rate Debt | 13943-13955 Balboa Blvd |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 13,814,000
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14,213,000
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| Fixed interest rate |
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3.93%
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| Maturity date |
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Jul. 01, 2027
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| Debt Instrument, Periodic Payment |
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$ 79,198
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| Fixed Rate Debt | 2205 126th Street |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 5,200,000
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5,200,000
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| Fixed interest rate |
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3.91%
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| Maturity date |
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Dec. 01, 2027
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| Fixed Rate Debt | 2410-2420 Santa Fe Avenue |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 10,300,000
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10,300,000
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| Fixed interest rate |
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3.70%
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| Maturity date |
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Jan. 01, 2028
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| Fixed Rate Debt | 11832-11954 La Cienega Blvd |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 3,688,000
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3,772,000
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| Fixed interest rate |
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4.26%
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| Maturity date |
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Jul. 01, 2028
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| Debt Instrument, Periodic Payment |
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$ 20,194
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| Fixed Rate Debt | Gilbert La Palma |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 1,323,000
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1,538,000
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| Fixed interest rate |
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5.125%
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| Maturity date |
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Mar. 01, 2031
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| Debt Instrument, Periodic Payment |
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$ 24,008
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| Fixed Rate Debt | Woodley Avenue 7817 |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 2,609,000
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2,747,000
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| Fixed interest rate |
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4.14%
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| Maturity date |
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Aug. 01, 2039
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| Debt Instrument, Periodic Payment |
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$ 20,855
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| Senior Unsecured Term Loan | $400 Million Unsecured Term Loan |
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| Debt Instrument [Line Items] |
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| Total Unsecured and Secured Debt |
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$ 400,000,000
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$ 400,000,000
|
400,000,000
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| Basis spread on variable rate |
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0.80%
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| Fixed interest rate |
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4.214%
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| Maturity date |
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May 30, 2030
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|
| Senior Unsecured Term Loan | $400 Million Unsecured Term Loan | Interest Rate Swap |
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| Debt Instrument [Line Items] |
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| Derivative, Average Fixed Interest Rate |
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|
3.41375%
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| Line of Credit | Revolving Credit Facility | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Extension period |
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6 months
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| Line of Credit | $60 Million Term Loan Facility |
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| Debt Instrument [Line Items] |
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| Debt Instrument, Interest Rate, Increase (Decrease) |
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|
0.10%
|
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| Line of Credit | Senior Unsecured Revolving Credit Facility, $1 Billion | Senior Unsecured Credit Facility |
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| Debt Instrument [Line Items] |
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| Commitment fee percentage investment grade rating pricing structure |
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0.125%
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| Number of extensions | extension |
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2
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| Extension period |
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6 months
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| Line of Credit | Senior Unsecured Revolving Credit Facility, $1 Billion | Senior Unsecured Credit Facility | Subsequent Event |
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| Debt Instrument [Line Items] |
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| Debt Instrument, Interest Rate, Increase (Decrease) |
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(0.01%)
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| Commitment fee percentage investment grade rating pricing structure |
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|
0.115%
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|
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| Exchangeable Senior Notes | $575M Exchangeable Senior Notes due 2027 |
|
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|
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| Debt Instrument [Line Items] |
|
|
|
|
|
|
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| Total Unsecured and Secured Debt |
|
|
|
|
$ 575,000,000
|
575,000,000
|
$ 575,000,000
|
| Fixed interest rate |
|
|
|
|
4.375%
|
|
4.375%
|
| Maturity date |
|
|
|
|
Mar. 15, 2027
|
|
|
| Exchangeable Senior Notes | $575M Exchangeable Senior Notes due 2029 |
|
|
|
|
|
|
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| Debt Instrument [Line Items] |
|
|
|
|
|
|
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| Total Unsecured and Secured Debt |
|
|
|
|
$ 575,000,000
|
$ 575,000,000
|
$ 575,000,000
|
| Fixed interest rate |
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|
|
|
4.125%
|
|
4.125%
|
| Maturity date |
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|
|
|
Mar. 15, 2029
|
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|
| Term Loan | $60 Million Term Loan |
|
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|
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| Debt Instrument [Line Items] |
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|
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| Number of extensions | extension |
|
|
|
|
3
|
|
|
| Extension period |
|
1 year
|
|
|
1 year
|
|
|
| Line Of Credit Facility, Number Of Additional Extensions | extension |
|
2
|
|
|
|
|
|
| Minimum | Senior Unsecured Term Loan |
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
| Basis spread on variable rate |
|
|
|
|
0.00%
|
|
|
| Maximum | Line of Credit | Senior Unsecured Revolving Credit Facility, $1 Billion | Senior Unsecured Credit Facility |
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
| Commitment fee percentage investment grade rating pricing structure |
|
|
|
|
0.30%
|
|
|