v3.26.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Values of Financial Assets Measured at Recurring Basis The fair values of these financial assets and liabilities were determined using the following input levels as of the dates presented:
Net Carrying Value
Fair Value Measurements Using Fair Value Hierarchy
(in thousands)
Fair ValueLevel 1Level 2Level 3
September 30, 2026
Financial (liabilities) assets:
Senior unsecured notes (1)
$(1,176,756)$(1,088,328)$(1,088,328)$— $— 
Interest rate swaps20,454 20,454 — 20,454 — 
December 31, 2025
Financial (liabilities) assets:
Senior unsecured notes (1)
$(786,708)$(766,504)$(766,504)$— $— 
Interest rate swaps(18,365)(18,365)— (18,365)— 
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(1)Carrying value is net of $9.6 million and $6.4 million of net deferred financing costs and $13.7 million and $6.9 million of net discount as of September 30, 2026 and December 31, 2025, respectively.
Schedule of Fair Values of Real Estate Investments Measured at Nonrecurring Basis The fair values of real estate investments that were impaired as of the dates presented were determined using the following input levels.
Net Carrying Value
Fair Value Measurements Using Fair Value Hierarchy
(in thousands)
Fair ValueLevel 1Level 2Level 3
September 30, 2026
Non-financial assets:
Long-lived assets$10,809 $10,809 $— $— $10,809 
December 31, 2025
Non-financial assets:
Long-lived assets$3,394 $3,394 $— $— $3,394 
Schedule of Fair Value Valuation Techniques
Quantitative information about Level 3 fair value measurements as of September 30, 2026 is as follows:
(dollar amounts in thousands)Fair Value Valuation TechniquesSignificant Unobservable Inputs
Non-financial assets:
Long-lived assets:
Fitness$1,545 Sales comparison approachNon-binding sales agreement$1,545 
Convenience Store937 Sales comparison approachNon-binding sales agreement937 
Convenience Store1,032 Sales comparison approachNon-binding sales agreement1,032 
Other Services75 Sales comparison approachNon-binding sales agreement75 
Industrial2,300 Sales comparison approachNon-binding sales agreement2,300 
Industrial1,550 Sales comparison approachNon-binding sales agreement1,550 
Home furnishings 1,870 Discounted cash flow approach
Terminal Value: 8.0% Discount Rate: 8.5%
1,870 
Health and Wellness1,500 Discounted cash flow approach
Terminal Value: 8.0% Discount Rate: 8.5%
1,500