XML 46 R36.htm IDEA: XBRL DOCUMENT v3.23.2
Indebtedness - Summary Information Concerning Indebtedness (Detail) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Outstanding Principal $ 2,610,173,000 $ 2,586,352,000
Unamortized Debt Issuance Costs (12,888,000) (14,644,000)
Unamortized Loan (Discount)/Premiums 53,520,000 59,937,000
Carrying  Amount $ 2,650,805,000 $ 2,631,645,000
Weighted Average Rate 4.70% 4.50%
Weighted Average Maturity (in years) 4 years 6 months 5 years 1 month 6 days
Effective interest rate, percentage 4.20% 4.10%
Unsecured revolver    
Debt Instrument [Line Items]    
Outstanding Principal $ 211,478,000 $ 165,978,000
Unamortized Debt Issuance Costs (1,372,000) (1,695,000)
Unamortized Loan (Discount)/Premiums 0 0
Carrying  Amount $ 210,106,000 $ 164,283,000
Weighted Average Rate 6.30% 4.90%
Weighted Average Maturity (in years) 2 years 7 months 6 days 3 years 1 month 6 days
Credit facility borrowing capacity $ 500,000,000 $ 500,000,000
Unsecured term loans    
Debt Instrument [Line Items]    
Outstanding Principal 600,000,000 600,000,000
Unamortized Debt Issuance Costs (2,763,000) (3,388,000)
Unamortized Loan (Discount)/Premiums 0 0
Carrying  Amount $ 597,237,000 $ 596,612,000
Weighted Average Rate 6.20% 5.10%
Weighted Average Maturity (in years) 4 years 4 years 6 months
Secured credit facilities    
Debt Instrument [Line Items]    
Outstanding Principal $ 617,114,000 $ 635,128,000
Unamortized Debt Issuance Costs (2,249,000) (2,256,000)
Unamortized Loan (Discount)/Premiums 24,415,000 27,670,000
Carrying  Amount $ 639,280,000 $ 660,542,000
Weighted Average Rate 4.30% 4.30%
Weighted Average Maturity (in years) 5 years 4 months 24 days 5 years 10 months 24 days
Secured credit facilities | P N C Master Credit Facility    
Debt Instrument [Line Items]    
Outstanding Principal $ 76,248,000 $ 76,248,000
Secured credit facilities | Newmark Master Credit Facility    
Debt Instrument [Line Items]    
Outstanding Principal 540,866,000 558,880,000
Mortgages    
Debt Instrument [Line Items]    
Outstanding Principal 1,181,581,000 1,185,246,000
Unamortized Debt Issuance Costs (6,504,000) (7,305,000)
Unamortized Loan (Discount)/Premiums 29,105,000 32,267,000
Carrying  Amount $ 1,204,182,000 $ 1,210,208,000
Weighted Average Rate 3.90% 3.90%
Weighted Average Maturity (in years) 4 years 8 months 12 days 5 years 2 months 12 days