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Mortgages Payable (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Instrument [Line Items] |
Schedule of Mortgages Payable | As of December 31, 2024 and 2023, the Company’s Mortgages payable, net consisted of the following (dollars in millions):
|  | Carrying Amount at December 31, |  |  | Interest Rate at December 31, |  | Maturity Date at
|  | 2024 |  |  | 2023 |  |  | 2024 |  | 2023 |  | December 31, 2024
Mortgages payable |  | $ | 498.1 |  |  | $ | 355.7 |  |  | 3.33% - 7.08% |  | 3.33% - 7.23% |  | Feb-2025 – Jun-2031
Fair value debt adjustments, net |  |  | (0.6 | ) |  |  | (0.6 | ) |  | n/a |  | n/a |  | n/a
Deferred financing costs, net |  |  | (1.1 | ) |  |  | (1.2 | ) |  | n/a |  | n/a |  | n/a
|  | $ | 496.4 |  |  | $ | 353.9 |  |  | 4.39%* |  | 4.22%* |  |
* Weighted-average interest rate
Schedule of Maturities of All Mortgages Payable | During the year ended December 31, 2024, the Company fully repaid the following notes payables (dollars in millions):
Type |  | Date Paid |  | Amount Repaid |  |  | Interest Rate |  |  | Maturity Date
Unsecured note |  | Jan-24 |  | $ | 246.2 |  |  |  | 4.45 | % |  | Jan-24
Unsecured note |  | Mar-24 |  | $ | 400.0 |  |  |  | 2.70 | % |  | Mar-24
Mortgages [Member] |
Debt Instrument [Line Items] |
Schedule of Maturities of All Mortgages Payable | The scheduled principal payments (excluding any extension options available to the Company) of all mortgages payable, excluding unamortized fair value debt adjustments o f $0.6 millio n and unamortized debt issuance costs of $1.1 million, as of December 31, 2024, were as follows (in millions):
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
Principal payments |  | $ | 76.4 |  |  | $ | 11.0 |  |  | $ | 42.7 |  |  | $ | 117.7 |  |  | $ | 238.6 |  |  | $ | 11.7 |  |  | $ | 498.1 |

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