v3.25.4
Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Assets (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]      
Gross operating real estate Balance, beginning of year $ 3,267,399 $ 3,432,816 $ 3,736,855
Acquisitions 125,725 0 0
Building improvements 44,945 62,942 122,743
Dispositions and transfers to held for sale (216,955) (222,749) (412,905)
Write-offs and impairment (4,832) (5,610) (13,877)
Gross operating real estate Balance, end of year 3,216,282 3,267,399 3,432,816
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]      
Accumulated depreciation and amortization, beginning balance 373,964 275,534 171,648
Depreciation expense [1] 116,453 121,608 126,066
Amortization expense 143 0 1,415
Write-offs 0 (64) (6,221)
Reclassifications to held for sale (27,029) (23,114) (17,374)
Accumulated depreciation and amortization, ending balance $ 463,531 $ 373,964 $ 275,534
[1] Depreciation of buildings and improvements is computed on a straight-line basis over estimated useful lives ranging from 3 to 27.5 years.