v3.26.1
Senior Notes, Loans Payable and Mortgage Repurchase Facilities - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Sep. 18, 2025
USD ($)
option
tranche
Apr. 30, 2025
USD ($)
option
Jun. 30, 2020
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2026
USD ($)
loan
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
loan
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
loan
Apr. 16, 2026
Sep. 17, 2025
USD ($)
Apr. 29, 2025
USD ($)
Debt Instrument                        
Deferred loan costs—loans payable         $ 6,145,000   $ 6,145,000   $ 7,181,000      
Accrued interest         4,094,000   4,094,000   4,714,000      
Maximum borrowing capacity under facility                 200,000,000.0      
Outstanding shares of voting stock, more than, percentage                   50.00%    
Loans payable         $ 450,600,000   $ 450,600,000   $ 456,468,000      
Number of seller-financed loans | loan         2   2   2      
Interest incurred         $ 18,326,000 $ 20,374,000 $ 36,911,000 $ 41,693,000        
Amortization of deferred financing costs         794,000 $ 650,000 1,600,000 $ 1,300,000        
Mortgage repurchase facilities         77,459,000   77,459,000   $ 90,570,000      
Repurchase agreements outstanding                 90,600,000      
Mortgage repurchase facilities                        
Debt Instrument                        
Maximum borrowing capacity under facility         200,000,000   200,000,000          
Line of credit facility, current borrowing capacity         122,500,000   122,500,000          
Mortgage repurchase facilities         $ 77,459,000   $ 77,459,000          
Repurchase agreement weighted average interest rate         5.70%   5.70%          
Revolving Credit Facility                        
Debt Instrument                        
Maximum borrowing capacity under facility   $ 1,200,000,000                    
Number of extension options | option   3                    
Extension option period   1 year                    
Term Loan Facility                        
Debt Instrument                        
Number of extension options | option 2                      
Extension option period 1 year                      
Number of tranches | tranche 2                      
Senior notes                        
Debt Instrument                        
Deferred loan costs—loans payable         $ 1,865,000   $ 1,865,000   2,414,000      
Accrued interest         2,100,000   2,100,000   2,100,000      
Term loan facility | Revolving Credit Facility                        
Debt Instrument                        
Maximum borrowing capacity under facility   $ 250,000,000                    
Seller financed loans                        
Debt Instrument                        
Loans payable         $ 600,000   $ 600,000   $ 6,468,000      
5.700% Senior Notes due June 15, 2028 | Senior notes                        
Debt Instrument                        
Aggregate principal amount     $ 350,000,000                  
Interest rate on senior note     5.70%   5.70%   5.70%   5.70%      
Debt issuance, percentage of aggregate principal     100.00%                  
Proceeds from issuance of senior notes, net     $ 345,200,000                  
5.250% Senior Notes due June 1, 2027 | Senior notes                        
Debt Instrument                        
Aggregate principal amount       $ 300,000,000                
Interest rate on senior note       5.25% 5.25%   5.25%   5.25%      
Debt issuance, percentage of aggregate principal       100.00%                
Proceeds from issuance of senior notes, net       $ 296,300,000                
Amended Revolving Credit Facility | Revolving Credit Facility                        
Debt Instrument                        
Deferred loan costs—loans payable         $ 6,100,000   $ 6,100,000          
Accrued interest         1,800,000   1,800,000   $ 2,400,000      
Maximum borrowing capacity under facility   $ 850,000,000.0                   $ 750,000,000.0
Loans payable         0   0          
Line of credit facility, current borrowing capacity         821,000,000.0   821,000,000.0          
Amended Revolving Credit Facility | Term Loan Facility                        
Debt Instrument                        
Maximum borrowing capacity under facility $ 450,000,000.0                   $ 250,000,000.0  
Amended Revolving Credit Facility | Letters of Credit                        
Debt Instrument                        
Outstanding letters of credit         29,000,000.0   29,000,000.0   51,900,000      
Amended Revolving Credit Facility | Minimum | Revolving Credit Facility                        
Debt Instrument                        
Debt instrument variable interest rate   1.25%                    
Amended Revolving Credit Facility | Maximum | Revolving Credit Facility                        
Debt Instrument                        
Debt instrument variable interest rate   1.90%                    
Amended Revolving Credit Facility | Tranche B Term Loan Facility | Term Loan Facility                        
Debt Instrument                        
Maximum borrowing capacity under facility         10,000,000.0   10,000,000.0          
Term loan facility | Term loan facility                        
Debt Instrument                        
Loans payable         $ 450,000,000   $ 450,000,000   $ 450,000,000      
Interest rate of outstanding debt         4.82%   4.82%          
Term loan facility | Term loan facility | Minimum                        
Debt Instrument                        
Debt instrument variable interest rate   1.10%                    
Term loan facility | Term loan facility | Maximum                        
Debt Instrument                        
Debt instrument variable interest rate   1.85%                    
Revolving Facility and Term Loan Facility                        
Debt Instrument                        
Consolidated tangible net worth attributed to Company required under covenants         95.00%   95.00%