XML 36 R27.htm IDEA: XBRL DOCUMENT
v3.25.2

Subsequent Events | 6 Months Ended
--- | ---
Jun. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | 16. Subsequent Events On July 25, 2025, the Operating Partnership and the Company entered into an amendment related to the $75.0 Million Term Loan (Note 7) to extend the maturity date of the term loan by one year to July 2030 and reduce the leverage-based interest rate. Subsequent to June 30, 2025, a partner with an interest of approximately 18% in Fund II notified the Company of its intention to exercise the cash-out option. Pursuant to the terms of the applicable agreements, the Company intends to acquire this interest in exchange for consideration equal to the converting partner’s share of the Fund II Loan and accrued interest (Note 10) of approximately $47.5 million along with a cash payment of approximately $7.4 million. Upon conversion, which is anticipated to occur in the third quarter of 2025, the Company’s ownership in Fund II will increase to approximately 80%.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration