v3.26.1
FAIR VALUE DISCLOSURES (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Face Value, Carrying Amounts and Fair Value
The following were the face values, carrying amounts and fair values of the Company’s notes payable as of December 31, 2025 and 2024, which carrying amounts generally do not approximate the fair values (in thousands):
 December 31, 2025December 31, 2024
 Face ValueCarrying
Amount		Fair ValueFace ValueCarrying
Amount		Fair Value
Financial liabilities:
Notes payable$1,293,394 $1,282,652 $1,274,576 $1,451,063 $1,442,661 $1,442,777 
Schedule of Assets at Fair Value
As of December 31, 2025, the Company measured the following assets and liabilities at fair value (in thousands):
  Fair Value Measurements Using
 TotalQuoted Prices in
Active Markets 
for Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)
Recurring Basis:
Real estate equity securities$46,773 $46,773 $— $— 
Asset derivatives - interest rate swaps764 — 764 — 
Liability derivatives - interest rate swaps(407)— (407)— 


During the year ended December 31, 2025, the Company measured the following assets at fair value on a nonrecurring basis (in thousands):
  Fair Value Measurements Using
 TotalQuoted Prices in
Active Markets 
for Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)
Nonrecurring Basis:
Impaired real estate (1)
$343,100 $— $— $343,100 
_____________________
(1) Amount represents the fair value for real estate assets impacted by an impairment charge during the year ended December 31, 2025, as of the date that the fair value measurement was made, which was September 30, 2025. The carrying value for the real estate assets measured at a reporting date other than September 30, 2025 may have subsequently increased or decreased from the fair value reflected due to activity that has occurred since the measurement date.