v3.26.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Measurements  
Schedule of Assets Measured at Fair Value on a Recurring Basis The following table details the Company’s assets measured at fair value on a recurring basis:

 

 

September 30, 2026

 

 

December 31, 2025

 

 

 

Level 2

 

 

Level 3

 

 

Level 2

 

 

Level 3

 

Interest rate swap contracts

 

$

—

 

 

$

—

 

 

$

(51

)

 

$

—

 

Investments in debt securities

 

 

—

 

 

 

24,569

 

 

 

—

 

 

 

—

 

Total

 

$

—

 

 

$

24,569

 

 

$

(51

)

 

$

—

 

Schedule of Financial Assets and Liabilities Not Measured at Fair Value The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below.

 

 

As of September 30, 2026

 

 

As of December 31, 2025

 

 

Carrying
amount

 

 

Fair value

 

 

Carrying
amount

 

 

Fair value

 

Mortgages payable

 

$

1,028,772

 

 

$

916,802

 

 

$

917,655

 

 

$

840,792

 

Revolving credit facility

 

 

53,834

 

 

 

53,834

 

 

 

28,590

 

 

 

28,590

 

Aggregation facility

 

 

142,777

 

 

 

142,777

 

 

 

—

 

 

 

—

 

Unamortized deferred financing costs

 

 

(14,996

)

 

 

—

 

 

 

(14,125

)

 

 

—

 

Total

 

$

1,210,387

 

 

$

1,113,413

 

 

$

932,120

 

 

$

869,382

 

Schedule Company's Assets Measured at Fair Value On a Recurring Basis Using Level 3 Inputs

The following table details the Company's assets measured at fair value on a recurring basis using Level 3 inputs for the nine months ended September 30, 2026:

 

 

 

September 30, 2026

 

 

Balance at the beginning of the year

 

$

—

 

 

Purchases

 

 

24,569

 

 

Ending balance

 

$

24,569