v3.26.1
Debt (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Mar. 23, 2026
USD ($)
renewal_option
Jan. 31, 2026
USD ($)
Jun. 30, 2026
USD ($)
letter_of_credit
property
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
letter_of_credit
property
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
property
Debt Instrument              
Principal drawn     $ 0   $ 0    
Property count | property     41   41    
Payments for debt extinguishment and deferred financing costs         $ 2,965,000 $ 0  
Loss on debt extinguishments     $ 0 $ 0 403,000 $ 0  
Secured Debt              
Debt Instrument              
Mortgage debt outstanding             $ 102,000,000
Unamortized premium             $ 700,000
Property count | property             2
Aggregate carrying value of collateral             $ 242,000,000
Aggregate principal repayments   $ 102,000,000          
Payments for debt extinguishment and deferred financing costs   $ 1,000,000          
Loss on debt extinguishments         $ 400,000    
Letter of Credit | Secured Debt              
Debt Instrument              
Number of letters of credit outstanding | letter_of_credit     10   10    
Letters of credit outstanding     $ 1,000,000   $ 1,000,000    
The Credit Facility | Credit Facilities              
Debt Instrument              
Maximum borrowing capacity $ 1,500,000,000            
Unamortized debt issuance costs     $ 2,000,000   $ 2,000,000    
Debt instrument, covenant debt to assets (as a percent)     60.00%   60.00%    
Debt instrument, covenant secured debt to assets (as a percent)     40.00%   40.00%    
Debt instrument, covenant unsecured debt to unencumbered assets (as a percent)     60.00%   60.00%    
Debt instrument, covenant minimum fixed charge coverage ratio     1.5   1.5    
Debt instrument, covenant net worth, minimum     $ 2,040,000,000.00   $ 2,040,000,000.00    
Net proceeds received from equity offerings (as a percent)         75.00%    
Minimum unsecured interest coverage ratio     1.75   1.75    
The Credit Facility | Revolving Credit Facility | Credit Facilities              
Debt Instrument              
Maximum borrowing capacity $ 500,000,000            
Number of extensions | renewal_option 2            
Debt extension period 6 months            
Variable rate 1.05%            
Facility fee         0.15%    
Amortization of debt issuance costs     $ 332,000   $ 345,000    
Principal drawn     0   0    
The Credit Facility | Delayed Draw Term Loan (DDTL) | Credit Facilities              
Debt Instrument              
Maximum borrowing capacity $ 100,000,000            
Variable rate 1.10%            
Principal drawn     $ 0   $ 0