Annual report [Section 13 and 15(d), not S-K Item 405]

Debt, Net - Credit Agreement (Details)

v3.25.0.1
Debt, Net - Credit Agreement (Details)
 3 Months Ended 12 Months Ended
May 03, 2024
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Jun. 29, 2023
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qtr
Nov. 12, 2021
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Dec. 31, 2024
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Dec. 31, 2024
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Dec. 31, 2023
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Dec. 31, 2022
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May 02, 2024
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Nov. 13, 2023
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Dec. 01, 2022
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Feb. 28, 2022
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Feb. 10, 2022
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Debt Instrument [Line Items]                        
Debt instrument, term         2 years 1 month 6 days              
Credit facility revolver       $ 119,000,000 $ 119,000,000 $ 116,000,000            
Repayments of term loans         0 175,000,000 $ 0          
Interest rate swaps                        
Debt Instrument [Line Items]                        
Derivative, notional amount             175,000,000     $ 175,000,000    
Interest rate collars | Designated as Hedging Instrument                        
Debt Instrument [Line Items]                        
Derivative, notional amount       60,000,000 60,000,000 $ 60,000,000     $ 60,000,000      
Interest Rate Collar on $25.0 Million | Designated as Hedging Instrument                        
Debt Instrument [Line Items]                        
Derivative, notional amount                 $ 25,000,000      
Interest Rate Collar on $25.0 Million | Designated as Hedging Instrument | Minimum                        
Debt Instrument [Line Items]                        
Benchmark rate (percent)                 4.20%      
Interest Rate Collar on $25.0 Million | Designated as Hedging Instrument | Maximum                        
Debt Instrument [Line Items]                        
Benchmark rate (percent)                 5.50%      
Interest Rate Collar on $35.0 Million | Designated as Hedging Instrument                        
Debt Instrument [Line Items]                        
Derivative, notional amount                 $ 35,000,000      
Interest Rate Collar on $35.0 Million | Designated as Hedging Instrument | Minimum                        
Debt Instrument [Line Items]                        
Benchmark rate (percent)                 4.035%      
Interest Rate Collar on $35.0 Million | Designated as Hedging Instrument | Maximum                        
Debt Instrument [Line Items]                        
Benchmark rate (percent)                 5.50%      
Senior Loans | Credit Facility Term Loan, Net                        
Debt Instrument [Line Items]                        
Debt instrument, term     2 years                  
Borrowing capacity     $ 175,000,000                  
Repayments of term loans   $ 175,000,000                    
Optional term extension period   18 months                    
Mortgages Payable | CMBS Loan                        
Debt Instrument [Line Items]                        
Debt instrument, face amount                     $ 355,000,000 $ 355,000,000
Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Debt instrument, face amount             $ 175,000,000          
Effective interest rate (percent)             3.92%          
Revolving Credit Facility | Line of Credit                        
Debt Instrument [Line Items]                        
Debt instrument, term     3 years                  
Borrowing capacity $ 350,000,000   $ 425,000,000         $ 425,000,000        
Credit facility revolver       119,000,000 119,000,000              
Remaining borrowing capacity       $ 231,000,000 $ 231,000,000              
Line of credit facility, decrease, net 75,000,000                      
Covenant, unencumbered asset value, minimum $ 500,000,000 $ 500,000,000           $ 600,000,000        
Effective interest rate (percent)       7.66% 7.66%              
Commitment fee percentage (percent)   0.25%   0.25%                
Unrestricted cash and cash equivalents   $ 25,000,000                    
Covenant, total debt to total asset value, maximum   0.60                    
Covenant, adjusted EBITDA to fixed charges, minimum   1.50                    
Covenant, secured debt to total asset value, maximum   0.40                    
Covenant, unsecured debt to unencumbered asset value, maximum   0.60                    
Covenant, unencumbered real properties to unsecured interest expense, minimum   2.00                    
Covenant, unsecured debt to total unencumbered assets, threshold   0.35                    
Covenant measurement period - number of consecutive quarters | qtr   2                    
Period within which to grant administrative agent a first priority lien on all property included in pool   90 days                    
Revolving Credit Facility | Line of Credit | Secured Overnight Financing Rate                        
Debt Instrument [Line Items]                        
Variable rate (as percent) 0.10%                      
Revolving Credit Facility | Line of Credit | Term Secured Overnight Financing Rate                        
Debt Instrument [Line Items]                        
Variable rate (as percent) 3.25%                      
Revolving Credit Facility | Line of Credit | Base Rate                        
Debt Instrument [Line Items]                        
Variable rate (as percent) 2.25%                      
Revolving Credit Facility | Letter of Credit                        
Debt Instrument [Line Items]                        
Borrowing capacity     $ 25,000,000                  
Remaining borrowing capacity       $ 25,000,000 $ 25,000,000              
Bridge Facility | Line of Credit                        
Debt Instrument [Line Items]                        
Debt instrument, term     6 months                  
Borrowing capacity     $ 355,000,000