XML 65 R53.htm IDEA: XBRL DOCUMENT v3.22.1
Investments in Unconsolidated Joint Ventures - Narrative (Details)
$ in Millions
3 Months Ended
Mar. 31, 2022
USD ($)
property
extension
joint_venture
Mar. 31, 2021
USD ($)
Sep. 30, 2020
USD ($)
extension
Schedule of Equity Method Investments [Line Items]      
Ownership percentage 20.00%    
Number of joint ventures | joint_venture 3    
Institutional Investor JV      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage 20.00%    
J.P. Morgan JV      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage 20.00%    
Joint Venture | Institutional Investor JV      
Schedule of Equity Method Investments [Line Items]      
Maximum borrowing limit     $ 201.0
Non-recourse guarantee, term     two
Number of extension options | extension     3
Extension period     1 year
Maximum exposure $ 159.2    
Joint Venture | J.P. Morgan JV      
Schedule of Equity Method Investments [Line Items]      
Maximum borrowing limit $ 375.0    
Non-recourse guarantee, term three    
Number of extension options | extension 1    
Extension period 1 year    
Maximum exposure $ 99.0    
Joint Venture | SOFR | J.P. Morgan JV      
Schedule of Equity Method Investments [Line Items]      
Basis spread on variable rate 1.50%    
Joint Venture | LIBOR | Institutional Investor JV      
Schedule of Equity Method Investments [Line Items]      
Basis spread on variable rate     3.50%
Institutional Investor JV Property Acquisition      
Schedule of Equity Method Investments [Line Items]      
Number of properties acquired | property 200    
Total consideration $ 74.6    
Cash paid for asset acquisitions 66.2    
Asset acquisition, consideration transferred, other assets 8.4    
Property management expenses | Joint Venture      
Schedule of Equity Method Investments [Line Items]      
Management fee income $ 2.8 $ 2.1