v3.26.3
Debt Obligations, net - Schedule of Debt (Details) - USD ($)
$ in Thousands
1 Months Ended 9 Months Ended 12 Months Ended
Sep. 12, 2025
Nov. 30, 2025
Sep. 30, 2026
Dec. 31, 2025
Jun. 30, 2026
Nov. 30, 2024
Feb. 29, 2024
May 31, 2022
Jan. 31, 2022
Nov. 30, 2021
May 31, 2021
Debt Instrument [Line Items]                      
Total debt obligations     $ 4,853,522 $ 4,640,591              
Debt premium, net     (54,208) (54,704)              
Total debt obligations, net [1]     4,799,314 4,585,887              
Secured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     1,271,113 1,271,113              
Debt premium, net     (25,327)                
Total debt obligations, net     1,245,786                
Secured Debt | Assets pledged as collateral without right                      
Debt Instrument [Line Items]                      
Real estate, net investment in sales-type leases and Ground Leases receivables pledged as collateral on debt obligations     1,900,000                
Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     3,582,409 3,369,478              
Debt premium, net     (28,881)                
Total debt obligations, net     3,553,528                
2025 Unsecured Term Loan                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 400,000 400,000              
Basis point spread on variable interest rate (percent)   0.90% 0.90%                
Mortgages | Secured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 1,271,113 $ 1,271,113              
Weighted average interest rate     4.03% 4.03%              
Weighted average cash interest rate     3.43%                
Consolidated Mortgage Debt, Unconsolidated Mortgage Debt, Unsecured Senior Notes and Trust Preferred Securities                      
Debt Instrument [Line Items]                      
Weighted average interest rate     4.39%                
Weighted average cash interest rate     3.94%                
2.80% Senior Notes | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 400,000 $ 400,000              
Stated interest rate     2.80% 2.80%             2.80%
2.85% Senior Notes | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 350,000 $ 350,000              
Stated interest rate     2.85% 2.85%           2.85%  
6.10% Senior Notes | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 300,000 $ 300,000              
Stated interest rate     6.10% 6.10%     6.10%        
5.65% Senior Notes | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 400,000 $ 400,000              
Stated interest rate     5.65% 5.65%   5.65%          
3.98% Senior Notes | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 475,000 $ 475,000              
Stated interest rate     3.98% 3.98%         3.98%    
5.15% Senior Notes | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 166,657 $ 164,478              
Stated interest rate     5.15% 5.15% 5.15%     5.15%      
6.615% senior notes | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 225,752                
Stated interest rate     6.615% 6.615% 6.615%            
Trust Preferred Securities | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 100,000 $ 100,000              
Basis point spread on variable interest rate (percent)     1.50% 1.50%              
2024 Unsecured Revolver maturing in 2029 | Unsecured Debt                      
Debt Instrument [Line Items]                      
Total debt obligations     $ 765,000 $ 780,000              
Basis point spread on variable interest rate (percent) 0.85%   0.85% 0.85%              
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).