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v3.25.2

Debt (Narrative) (Details) $ in Millions | 1 Months Ended | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | ---
Apr. 30, 2025 | Jun. 30, 2025 USD ($) | Jun. 30, 2025 USD ($) extensionOption | Jan. 31, 2021 USD ($)
Debt Instrument [Line Items] |  |  |  |
Debt leverage limit |  |  | 50.00% |
Fannie Mae term loans - secured, non-recourse |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt extinguishment amount |  | $ 75.7 |  |
Secured Overnight Financing Rate (SOFR) |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 1.00% |
Fed Funds Effective Rate Overnight Index Swap Rate |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 0.50% |
Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Facility fee percentage |  |  | 0.125% |
Maximum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Facility fee percentage |  |  | 0.30% |
Secured Debt | 2025 Term Loan |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Aggregate principle amount issued |  | 200.0 | $ 200.0 |
Senior Notes | 2031 Senior Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Aggregate principle amount issued |  |  |  | $ 400.0
Interest Rate |  |  |  | 3.00%
Percentage of issue price on face value |  |  |  | 99.196%
Revolving Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR) |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 0.725% |
Revolving Credit Facility | Minimum | Base Rate |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 0.00% |
Revolving Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR) |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 1.40% |
Revolving Credit Facility | Maximum | Base Rate |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 0.40% |
Revolving Credit Facility | Unsecured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Unsecured revolving credit facility |  | 700.0 | $ 700.0 |
Debt instrument, extension period | 6 months |  | 6 months |
Debt instrument, extension period one |  |  | 12 months |
Unused balance of the unsecured revolving credit facility |  | $ 322.0 | $ 322.0 |
Revolving Credit Facility | Unsecured Debt | Secured Overnight Financing Rate (SOFR) |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 0.10% |
Revolving Credit Facility | Unsecured Debt | Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt instrument, extension options | extensionOption |  |  | 2 |
Debt instrument, twelve month extension options | extensionOption |  |  | 1 |
Debt instrument, extension option exercised | extensionOption |  |  | 1 |

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