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Real Estate - Summary of Acquisition of Operating Properties (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
USD ($)
ft²
Real Estate [Line Items]  
Purchase price, cash $ 170,743
Purchase price, debt 31,926
Purchase price, other 9,097
Purchase price, total $ 211,766
GLA (Square Foot) | ft² 461
Markets at Town Center [Member] | Jacksonville, FL [Member]  
Real Estate [Line Items]  
Purchase price, cash $ 108,238 [1]
Purchase price, debt 0 [1]
Purchase price, other 0 [1]
Purchase price, total $ 108,238 [1]
GLA (Square Foot) | ft² 254 [1]
College Park Land [Member] | Las Vegas, NV [Member]  
Real Estate [Line Items]  
Purchase price, cash $ 12,746 [2]
Purchase price, debt 0 [2]
Purchase price, other 1,428 [2]
Purchase price, total $ 14,174 [2]
GLA (Square Foot) | ft² 0 [2]
Francisco Center Land [Member] | Las Vegas, NV One [member]  
Real Estate [Line Items]  
Purchase price, cash $ 11,588 [2]
Purchase price, debt 0 [2]
Purchase price, other 593 [2]
Purchase price, total $ 12,181 [2]
GLA (Square Foot) | ft² 0 [2]
Tanasbourne Village [Member] | Hillsboro, OR [Member]  
Real Estate [Line Items]  
Purchase price, cash $ 38,171 [3],[4]
Purchase price, debt 31,926 [3],[4]
Purchase price, other 7,076 [3],[4]
Purchase price, total $ 77,173 [3],[4]
GLA (Square Foot) | ft² 207 [3],[4]
[1] The Company had a mortgage receivable of $15.0 million related to this property, which was repaid by the seller at closing.
[2] The Company acquired the fee interest in two properties under finance ground lease agreements through the exercise of a call option for an aggregate purchase price of $24.2 million. In addition, the Company had a mortgage receivable of $3.4 million, which was repaid by the seller at closing. This transaction also resulted in a decrease in Other assets of $26.2 million and a decrease in Other liabilities of $24.2 million on the Company’s Condensed Consolidated Balance Sheets related to the finance right-of-use assets and lease liabilities (included in Other). See Footnote 9 of the Notes to Condensed Consolidated Financial Statements for further details.
[3] Other includes the Company’s previously held equity investment in the Prudential Investment Program and gain on change in control. The Company evaluated this transaction pursuant to ASC Topic 810 Consolidation. The Company recognized a gain on change in control of interest of $5.7 million resulting from the fair value adjustment associated with the Company’s previously held equity interest, which is included in Equity in income of joint ventures, net on the Condensed Consolidated Statements of Income. The Company previously held an ownership interest of 15.0% in this property interest and acquired the remaining 85% interest in this operating property. See Footnote 5 of the Notes to the Company’s Condensed Consolidated Financial Statements.
[4] The Company utilized an aggregate $37.8 million associated with Internal Revenue Code 26 U.S.C. §1031 sales proceeds.