v3.25.4
Schedule III - Real Estate and Accumulated Depreciation (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, by Property [Table Text Block]
      

Initial Cost

  

Cost of Improvements

  

Gross Carrying Amount

          

Market

 

Number of Properties

  

Land

  

Building

  

Land

  

Building

  

Land

  

Building

  

Accumulated Depreciation Building

 

Encumbrances (a)

 

Year(s) of Acquisition

 

Atlanta, GA

  13  $102,866  $903,813     $125,751  $102,866  $1,029,564  $(164,387)

(b)

  2015-2021 

Austin, TX

  1   3,857   48,719      8,976   3,857   57,695   (8,990)   2021 

Charleston, SC

  2   9,260   69,104      5,905   9,260   75,009   (19,710)   2015 

Charlotte, NC

  4   26,294   234,257      2,915   26,294   237,172   (25,875)   2015 - 2024 

Cincinnati, OH

  2   6,939   111,937      8,368   6,939   120,305   (14,956)   2021 

Columbus, OH

  10   28,870   308,917      48,039   28,870   356,956   (65,867)   2014 - 2021 

Dallas, TX

  14   68,829   749,578      80,416   68,829   829,994   (122,773)

(b)

  2015 - 2021 

Denver, CO (c)(d)

  8   43,765   497,482      17,758   43,765   515,240   (54,361)

(b)

  2021 - 2025 

Greenville, SC

  1   7,330   111,833      8,757   7,330   120,590   (15,528)   2021 

Houston, TX

  5   18,767   186,226      13,039   18,767   199,265   (25,026)   2021 

Huntsville, AL

  4   24,000   212,753      6,139   24,000   218,892   (26,331)   2015 - 2023 

Indianapolis, IN

  8   26,740   305,212      29,825   26,740   335,037   (47,878)

(b)

  2012 - 2025 

Lexington, KY

  3   9,467   145,715      13,066   9,467   158,781   (19,956)   2021 

Louisville, KY

  3   14,195   74,791      11,851   14,195   86,642   (25,914)   2014 

Memphis, TN (c)

  4   10,730   124,023      25,759   10,730   149,782   (45,234)   2014 - 2015 

Myrtle Beach, SC - Wilmington, NC

  3   4,580   55,797      9,616   4,580   65,413   (15,213)

(b)

  2017 

Nashville, TN

  5   33,939   318,936      27,100   33,939   346,036   (45,190)

(b)

  2021 - 2022 

Oklahoma City, OK

  8   17,099   280,770      49,755   17,099   330,525   (56,331)

(b)

  2014 - 2021 

Orlando, FL

  4   29,078   248,186      6,295   29,078   254,481   (16,566)   2015 - 2025 

Raleigh - Durham, NC

  6   34,409   199,323      25,693   34,409   225,016   (57,297)   2014 - 2019 

San Antonio, TX

  1   4,604   50,501      2,638   4,604   53,139   (6,870)   2021 

Tampa-St. Petersburg, FL

  6   55,706   287,436   3,919   51,362   59,625   338,798   (52,094)   2017 - 2024 
   115  $581,324  $5,525,309  $3,919  $579,023  $585,243  $6,104,332  $(932,347)     
Schedule of Investment in Real Estate and Accumulated Depreciation [Table Text Block]
  

For the years ended

 

Investments in Real Estate

 

Dec 31, 2025 (1)

  

Dec 31, 2024 (2)

  

Dec 31, 2023 (3)

 
             

Balance, beginning of period

 $6,486,630  $6,579,190  $6,652,083 

Additions during period:

            

Acquisitions

  207,344   235,333   49,939 

Improvements to land and building

  204,115   146,046   217,235 

Deductions during period:

            

Dispositions of real estate

  (164,905)  (411,833)  (283,991)

Impairment of real estate assets held for sale

  (12,841)  (20,995)  (32,956)

Asset write-offs

  (30,768)  (41,111)  (23,120)

Balance, end of period:

 $6,689,575  $6,486,630  $6,579,190 

Accumulated Depreciation

 

Dec 31, 2025 (1)

  

Dec 31, 2024 (2)

  

Dec 31, 2023 (3)

 
             

Balance, beginning of period

 $753,539  $606,404  $426,097 

Depreciation expense

  232,727   217,985   216,980 

Dispositions of real estate

  (23,149)  (29,739)  (13,553)

Asset write-off

  (30,770)  (41,111)  (23,120)

Balance, end of period:

 $932,347  $753,539  $606,404