XML 146 R53.htm IDEA: XBRL DOCUMENT v3.24.0.1
Debt - Summary of Debt (Details) - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Oct. 17, 2023
Apr. 03, 2023
Mar. 16, 2023
Aug. 11, 2022
Debt Instrument [Line Items]            
Stated interest rate (percent) 4.29% 4.08%        
Amount $ 818,548,000 $ 759,812,000        
Debt discounts and issuance costs, net (3,980,000) (5,261,000)        
Debt, net 814,568,000 754,551,000        
Interest Rate Swap            
Debt Instrument [Line Items]            
Fixed interest rate       3.69% 3.69%  
Fixed interest rate achieved       4.99% 4.99%  
Mortgages Payable            
Debt Instrument [Line Items]            
Amount $ 168,548,000 $ 109,812,000        
Mortgages Payable | Fixed rate mortgages payable            
Debt Instrument [Line Items]            
Stated interest rate (percent) 4.01% 3.95%        
Amount $ 96,080,000 $ 109,812,000        
Mortgages Payable | Variable rate mortgages payable            
Debt Instrument [Line Items]            
Amount $ 72,468,000 $ 0        
Maximum borrowing capacity     $ 92,500,000      
Mortgages Payable | Variable rate mortgages payable | One-month SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (percent) 1.65% 0.00%        
Term Loans            
Debt Instrument [Line Items]            
Amount $ 400,000,000 $ 400,000,000        
Term Loans | 5 years - fixed rate            
Debt Instrument [Line Items]            
Stated interest rate (percent) 2.81% 2.71%        
Amount $ 100,000,000 $ 100,000,000        
Debt instrument, face amount $ 200,000,000          
Debt instrument, term 5 years          
Term Loans | 5 years - fixed rate            
Debt Instrument [Line Items]            
Stated interest rate (percent) 2.81% 2.72%        
Amount $ 100,000,000 $ 100,000,000        
Debt instrument, face amount $ 200,000,000          
Debt instrument, term 5 years          
Term Loans | 5.5 Years - fixed rate            
Debt Instrument [Line Items]            
Stated interest rate (percent) 2.77% 2.77%        
Amount $ 50,000,000 $ 50,000,000        
Debt instrument, face amount $ 200,000,000          
Debt instrument, term 5 years 6 months          
Term Loans | 5.5 years - fixed rate            
Debt Instrument [Line Items]            
Stated interest rate (percent) 2.76% 2.76%        
Amount $ 50,000,000 $ 50,000,000        
Debt instrument, face amount $ 200,000,000          
Debt instrument, term 5 years 6 months          
Term Loans | 5.5 years - variable rate            
Debt Instrument [Line Items]            
Amount $ 100,000,000 $ 100,000,000        
Debt instrument, face amount $ 200,000,000          
Debt instrument, term 5 years 6 months          
Term Loans | 5.5 years - variable rate | One-month SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (percent) 4.99% 1.30%        
Senior Notes            
Debt Instrument [Line Items]            
Amount $ 250,000,000 $ 250,000,000        
Debt instrument, face amount           $ 250,000,000
Senior Notes | 5.07%, Senior Notes, Series A, Due 2029            
Debt Instrument [Line Items]            
Stated interest rate (percent) 5.07% 5.07%       5.07%
Amount $ 150,000,000 $ 150,000,000        
Debt instrument, face amount           $ 150,000,000
Maximum borrowing capacity $ 150,000,000          
Senior Notes | 5.20%, Senior Notes, Series B, Due 2032            
Debt Instrument [Line Items]            
Stated interest rate (percent) 5.20% 5.20%       5.20%
Amount $ 100,000,000 $ 100,000,000        
Debt instrument, face amount           $ 100,000,000
Maximum borrowing capacity 100,000,000          
Revolving Line of Credit | Revolving line of credit            
Debt Instrument [Line Items]            
Amount 0 $ 0        
Maximum borrowing capacity $ 350,000,000          
Commitment fee percentage 0.15%          
Revolving Line of Credit | One-month SOFR | Revolving line of credit            
Debt Instrument [Line Items]            
Basis spread on variable rate (percent) 1.14% 1.14%