v3.25.4
REAL ESTATE PROPERTIES - Summary, Acquisitions, Dispositions (Details)
 12 Months Ended
Dec. 31, 2025
USD ($)
ft²
a
Dec. 31, 2024
USD ($)
ft²
a
Dec. 31, 2023
USD ($)
ft²
a
Real Estate Companies Disclosures [Abstract]      
Land $ 951,787,000 $ 888,140,000  
Buildings and building improvements 4,173,416,000 3,815,850,000  
Tenant and other improvements 829,609,000 761,061,000  
Right-of-Use Assets - Ground Leases (operating) [1] 34,976,000 38,393,000  
Development and value-add properties [2] 710,200,000 674,472,000  
Total real estate properties, gross 6,699,988,000 6,177,916,000  
Less accumulated depreciation 1,583,532,000 1,415,576,000  
Real estate, development and value-add properties, net $ 5,116,456,000 $ 4,762,340,000  
World Houston 23      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²     125,000
Date Sold     Mar. 31, 2023
Disposal Group, Including Discontinued Operation, Consideration     $ 9,327,000
Basis     4,518,000
Recognized Gain     $ 4,809,000
Ettie Business Center      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²     29,000
Date Sold     Nov. 20, 2023
Disposal Group, Including Discontinued Operation, Consideration     $ 11,638,000
Basis     8,845,000
Recognized Gain     $ 2,793,000
Los Angeles Corporate Center [Member]      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²     77,000
Date Sold     Dec. 29, 2023
Disposal Group, Including Discontinued Operation, Consideration     $ 16,006,000
Basis     5,643,000
Recognized Gain     $ 10,363,000
2023 dispositions      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²     231,000
Disposal Group, Including Discontinued Operation, Consideration     $ 36,971,000
Basis     19,006,000
Recognized Gain     $ 17,965,000
2023 land dispositions      
Real Estate Properties      
Acres of real estate investment property | a     11.9
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Disposal Group, Including Discontinued Operation, Consideration     $ 4,750,000
Recognized Gain     $ 446,000
Interchange Business Park and Metro Airport Commerce Center      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²   159,000  
Date Sold   Mar. 05, 2024  
Disposal Group, Including Discontinued Operation, Consideration   $ 13,614,000  
Basis   4,863,000  
Recognized Gain   $ 8,751,000  
2024 land dispositions      
Real Estate Properties      
Acres of real estate investment property | a   5.4  
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Disposal Group, Including Discontinued Operation, Consideration   $ 4,261,000  
Recognized Gain   $ 362,000  
Laura Alice Business Center      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft² 12,000    
Date Sold Jun. 02, 2025    
Disposal Group, Including Discontinued Operation, Consideration $ 3,371,000    
Basis 3,371,000    
Recognized Gain $ 0    
LifeScience Logistics Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3] 251,000    
Date acquired [3] Jul. 08, 2025    
Costs [3],[4] $ 47,150,000    
Lumley Logistics Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3] 67,000    
Date acquired [3] Jul. 15, 2025    
Costs [3],[4] $ 14,174,000    
McKinney Airport Trade Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3] 320,000    
Date acquired [3] Sep. 19, 2025    
Costs [3],[4] $ 60,641,000    
EastGroup Point at Cheyenne      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3] 101,000    
Date acquired [3] Dec. 09, 2025    
Costs [3],[4] $ 21,134,000    
2025 operating property acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3] 739,000    
Costs [3],[4] $ 143,099,000    
Spanish Ridge Industrial Park      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]   231,000  
Date acquired [3]   Jan. 23, 2024  
Costs [3],[4]   $ 54,859,000  
147 Exchange      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]   274,000  
Date acquired [3]   May 03, 2024  
Costs [3],[4]   $ 52,945,000  
Hays Commerce Center 3 & 4      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]   179,000  
Date acquired [3]   Aug. 19, 2024  
Costs [3],[4]   $ 35,781,000  
Riverpoint Industrial Park      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]   779,000  
Date acquired [3]   Nov. 12, 2024  
Costs [3],[4]   $ 87,576,000  
DFW Global Logistics Centre 5-8      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3],[5]   492,000  
Date acquired [3],[5]   Nov. 21, 2024  
Costs [3],[4],[5]   $ 75,852,000  
Akimel Gateway      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3],[5]   519,000  
Date acquired [3],[5]   Dec. 26, 2024  
Costs [3],[4],[5]   $ 82,998,000  
2024 operating property acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]   2,474,000  
Costs [3],[4]   $ 390,011,000  
Craig Corporate Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]     156,000,000
Date acquired [3]     Apr. 18, 2023
Costs [3],[4]     $ 34,365,000
Blue Diamond Business Park      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]     254,000,000
Date acquired [3]     Sep. 05, 2023
Costs [3],[4]     $ 52,973,000
McKinney Logistics Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]     193,000,000
Date acquired [3]     Oct. 02, 2023
Costs [3],[4]     $ 25,739,000
Park at Myatt      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]     171,000,000
Date acquired [3]     Nov. 03, 2023
Costs [3],[4]     $ 30,793,000
Pelzer Point Commerce Center I      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]     213,000,000
Date acquired [3]     Dec. 21, 2023
Costs [3],[4]     $ 21,246,000
2023 operating property acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [3]     987,000,000
Costs [3],[4]     $ 165,116,000
Development land      
Real Estate Properties      
Acres of real estate investment property | a 300.4 61.1 328.3
Asset Acquisition [Abstract]      
Costs $ 118,584,000 $ 13,762,000 $ 70,664,000
[1] See Ground Leases discussion below for information regarding the Company’s right of use assets for ground leases.
[2] Value-add properties are defined in Note 1(e).
[3] Operating properties are defined as stabilized real estate properties (land including buildings and improvements) in the Company’s operating portfolio; included in Real estate properties on the Consolidated Balance Sheets. Excludes acquired development land as detailed below.
[4] Cost is calculated in accordance with FASB ASC 805, Business Combinations, and represents the sum of the purchase price, closing costs and capitalized acquisition costs.
[5] This operating property is located on land subject to a ground lease. See Ground Leases discussion below for information regarding the Company’s right of use assets for ground leases.