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Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company's debt as of March 31, 2026 and December 31, 2025:
As of March 31, 2026As of December 31, 2025
MaturityRate TypeInterest RateAmountInterest RateAmount
Mortgages Payable
Total mortgages payableVariousFixed
4.28% (a)
$117,412 
4.28% (a)
$117,605 
Term Loan
$200.0 million 5 year
Aug-30Fixed
2.66% (b)
100,000 
2.66% (b)
100,000 
$200.0 million 5 year
Aug-30Fixed
2.66% (b)
100,000 
2.66% (b)
100,000 
$200.0 million 5.5 year
Feb-31Fixed
2.63% (c)
50,000 
2.63% (c)
50,000 
$200.0 million 5.5 year
Feb-31Fixed
2.69% (c)
50,000 
2.69% (c)
50,000 
$200.0 million 5.5 year
Feb-31Fixed
4.84% (c)
100,000 
4.84% (c)
100,000 
Total400,000 400,000 
Senior Notes
$150.0 million Series A Notes
Aug-29Fixed
5.07%
150,000 5.07%150,000 
$100.0 million Series B Notes
Aug-32Fixed
5.20%
100,000 5.20%100,000 
Total250,000 250,000 
Revolving Line of Credit
$500.0 million total capacity
Jan-29Variable
1M SOFR +
 1.05% (d)(e)
181,000 
1M SOFR +
1.05% (d)(e)
55,000 
Total secured and unsecured debt4.13%948,412 4.04%822,605 
Finance Lease Liability
West Ashley Station Ground LeaseJan-92N/AN/A11,133 N/A11,082 
Debt discounts and financing costs, net(7,327)(7,806)
Debt, net$952,218 $825,881 
(a)Interest rates reflect the weighted average of the Company's mortgages payable.
(b)Interest rates reflect the fixed rates achieved through the Company's effective interest rate swaps terminating on September 22, 2026, at which point the fixed interest rate will become 4.50%.
(c)Interest rates reflect the fixed rates achieved through the Company's effective interest rate swaps terminating on March 22, 2027, at which point the weighted average fixed interest rate will become 4.58%.
(d)As of March 31, 2026 and December 31, 2025, 1-Month Term SOFR was 3.66% and 3.69%, respectively.
(e)Interest rate applies to drawn balance only. An additional annual facility fee of 0.15% applies to entire line of credit capacity.
Schedule of Payments And Maturities of the Debt
The following table summarizes the scheduled payments and maturities of the Company's debt as of March 31, 2026:
Scheduled maturities by year:Mortgage PaymentsMortgage MaturitiesTerm Loan &
Senior Notes		Revolving
Line of Credit		Total
Remaining 2026$580 $— $— $— $580 
2027810 26,000 — — 26,810 
2028495 21,321 — — 21,816 
2029449 61,750 150,000 181,000 393,199 
2030154 5,853 200,000 — 206,007 
Thereafter— — 300,000 — 300,000 
Total$2,488 $114,924 $650,000 $181,000 $948,412 
Finance lease liability11,133 
Debt discounts and financing costs, net(7,327)
Total Debt, net$952,218