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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Recurring Measurements

The following financial instruments are remeasured at fair value on a recurring basis:

			Fair Value Measurements as of
			December 31, 2025																		December 31, 2024
Cash Flow Hedges: (a) (b)			Level 1						Level 2 (c)						Level 3						Level 1						Level 2 (c)						Level 3
Derivative interest rate swap assets			$	—					$	5,196					$	—					$	—					$	14,426					$	—
Derivative interest rate swap liabilities			$	—					$	(435)					$	—					$	—					$	—					$	—

(a)During the twelve months subsequent to December 31, 2025, an estimated $4,267 of derivative interest rate balances recognized in accumulated comprehensive income will be reclassified into earnings.

(b)As of December 31, 2025 and 2024, the Company determined that the credit valuation adjustments associated with nonperformance risk are not significant to the overall valuation of its derivatives. As a result, the Company's derivative valuations in their entirety are classified as Level 2 of the fair value hierarchy.

(c)Derivative assets or liabilities are recognized as a part of deferred costs and other assets, net or other liabilities, respectively.

Schedule of Financial Instruments Not Measured at Fair Value

The following table summarizes the estimated fair value of financial instruments presented at carrying values in the Company's consolidated financial statements as of December 31, 2025 and 2024:

			December 31, 2025																		December 31, 2024
			Carrying Value						Estimated  Fair Value						Market Interest Rate						Carrying Value						Estimated  Fair Value						Market Interest Rate
Mortgages payable			$	117,605					$	111,945					6.09		%				$	93,380					$	87,576					6.64		%
Senior notes			250,000						248,320						5.24		%				250,000						236,480						6.23		%
Term loans			400,000						398,701						4.64		%				400,000						400,170						5.29		%
Revolving line of credit			55,000						54,957						4.37		%				—						—						N/A

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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-Topic 820
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