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v3.25.2

Unsecured Term Loans (Details) $ in Thousands |  |  |  | 6 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
Jun. 30, 2025 USD ($) | Apr. 22, 2025 | Mar. 28, 2025 USD ($) | Jun. 30, 2025 USD ($) | Jun. 30, 2024 USD ($) | Dec. 31, 2024 USD ($) | Jan. 04, 2023 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |
Borrowings on unsecured term loans |  |  |  | $ 700,000 | $ 0 |  |
Repayment of unsecured term loans |  |  |  | 700,000 | 500,000 |  |
Repayments of Unsecured Debt |  |  |  | 850,000 | $ 700,000 |  |
Unsecured term loans, net | $ 796,640 |  |  | $ 796,640 |  | $ 798,813 |
Term Loan Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 0.95% |  |  |  |  |  |
2023 Unsecured Term Loan |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  |  |  |  |  |  | $ 1,200,000
Repayments of Unsecured Debt |  |  | $ 700,000 |  |  |  |
Term Loan Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  |  | $ 700,000 |  |  |  |
Debt Instrument, Maturity Date |  |  | Mar. 30, 2029 |  |  |  |
Number of extensions |  |  | 2 |  |  |  |
Extension Option (in months) |  |  | 6 |  |  |  |
Proceeds from Unsecured Lines of Credit |  |  | $ 700,000 |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 0.10% |  |  |  |  |
Debt Instrument, Alternate Basis Spread on Variable Rate | 0.00% |  |  | 0.00% |  |  |
Debt | $ 700,000 |  |  | $ 700,000 |  |  |

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