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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Recurring Measurements

The following table summarizes the financial instruments remeasured at fair value on a recurring basis:

						Fair Value Measurements as of
						March 31, 2026																		December 31, 2025
Cash Flow Hedges: (a) (b)						Level 1						Level 2 (c)						Level 3						Level 1						Level 2 (c)						Level 3
Derivative interest rate swap assets						—						$	6,041					—						—						$	5,196					—
Derivative interest rate swap liabilities						$	—					$	(48)					$	—					$	—					$	(435)					$	—

(a)During the twelve months subsequent to March 31, 2026, an estimated $4,351 of derivative interest rate balances recognized in accumulated comprehensive income will be reclassified into earnings.

(b)As of March 31, 2026 and December 31, 2025, 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 condensed consolidated financial statements as of March 31, 2026 and December 31, 2025:

			March 31, 2026																		December 31, 2025
			Carrying Value						Estimated  Fair Value						Market Interest Rate						Carrying Value						Estimated  Fair Value						Market Interest Rate
Mortgages Payable			$	117,412					$	112,294					6.05		%				$	117,605					$	111,945					6.09		%
Senior Notes			250,000						246,244						5.47		%				250,000						248,320						5.24		%
Term Loan			400,000						399,642						4.74		%				400,000						398,701						4.64		%
Revolving Credit Facility			181,000						181,086						4.57		%				55,000						54,957						4.37		%

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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-Name Accounting Standards Codification
-Section 55
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-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

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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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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