v3.26.1
Real Estate - Summary of Acquisition of Operating Properties (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
ft²
Real Estate [Line Items]  
Purchase price, cash $ 132,572
Purchase price, debt 0
Purchase price, other 2,021
Purchase price, total $ 134,593
GLA (Square Foot) | ft² 254 [1]
Markets at Town Center [Member] | Jacksonville, FL [Member]  
Real Estate [Line Items]  
Purchase price, cash $ 108,238 [2]
Purchase price, debt 0 [2]
Purchase price, other 0 [2]
Purchase price, total $ 108,238 [2]
GLA (Square Foot) | ft² 254 [1],[2]
College Park Land [Member] | Las Vegas, NV [Member]  
Real Estate [Line Items]  
Purchase price, cash $ 12,746 [3]
Purchase price, debt 0 [3]
Purchase price, other 1,428 [3]
Purchase price, total $ 14,174 [3]
GLA (Square Foot) | ft² 0 [1],[3]
Francisco Center Land [Member] | Las Vegas, NV One [member]  
Real Estate [Line Items]  
Purchase price, cash $ 11,588 [3]
Purchase price, debt 0 [3]
Purchase price, other 593 [3]
Purchase price, total $ 12,181 [3]
GLA (Square Foot) | ft² 0 [1],[3]
[1] Gross leasable area (“GLA”)
[2] The Company had a mortgage receivable of $15.0 million related to this property, which was repaid by the seller at closing.
[3] The Company acquired the fee interest in two properties under finance ground lease agreements through the exercise of a call option for an aggregate purchase price of $24.2 million. In addition, the Company had a mortgage receivable of $3.4 million, which was repaid by the seller at closing. This transaction also resulted in a decrease in Other assets of $26.2 million and a decrease in Other liabilities of $24.2 million on the Company’s Condensed Consolidated Balance Sheets related to the finance right-of-use assets and lease liabilities (included in Other). See Footnote 8 of the Notes to Condensed Consolidated Financial Statements for further details.