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Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Reconciliation of Net Income

The following table reconciles net income, the most directly comparable GAAP measure, to NOI:

			Year Ended December 31
			2025						2024						2023
Net income			$	111,421					$	13,658					$	5,269
Adjustments to reconcile to NOI:
Other income and expense, net			(3,575)						(3,755)						(5,480)
Equity in losses of unconsolidated entities			—						—						557
Interest expense, net			34,519						37,100						38,138
Loss on extinguishment of debt			—						—						15
Gain on sale of investment properties, net			(90,961)						(3,857)						(2,691)
Impairment of real estate assets			—						3,854						—
Depreciation and amortization			128,497						113,948						113,430
General and administrative			34,925						33,172						31,797
Other fee income			—						—						(80)
Adjustments to NOI (a)			(8,401)						(7,548)						(7,528)
NOI			$	206,425					$	186,572					$	173,427

(a)Adjustments to NOI include lease termination income and expense and GAAP Rent Adjustments.

Schedule of Disaggregation of Property Operating Expenses

The following table reflects the disaggregation of property operating expenses:

			Year Ended December 31
			2025						2024						2023
Repairs and maintenance			$	16,334					$	13,366					$	14,270
Payroll, benefits, and office			10,559						10,510						10,690
Utilities and waste removal			10,527						9,462						8,747
Property insurance			5,507						6,668						5,552
Security, legal, and other expenses			3,706						3,387						3,573
Lease termination expense			—						20						—
Property operating expenses			$	46,633					$	43,413					$	42,832

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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