XML 66 R53.htm IDEA: XBRL DOCUMENT v3.24.1
Debt - Schedule of Summarized Real Estate Secured Debt (Parenthetical) (Detail)
$ in Millions
12 Months Ended
Apr. 15, 2021
CAD ($)
Mar. 17, 2021
USD ($)
Property
Dec. 31, 2023
USD ($)
Property
Mar. 07, 2024
USD ($)
Mar. 31, 2023
Dec. 31, 2022
USD ($)
Debt Instrument [Line Items]            
Debt Instrument Carrying Amount     $ 1,091,787,168 $ 1,097,447,335    
BMO Loan | Oakville III Property            
Debt Instrument [Line Items]            
Proceeds from line of credit $ 16.3          
2032 Private Placement Notes            
Debt Instrument [Line Items]            
Senior notes maturity date [1]     Apr. 19, 2032      
Interest Accruing on Notes         5.28%  
Fixed annual rate [1]     5.28%      
Debt Instrument Carrying Amount [1]     $ 150,000,000     $ 150,000,000
KeyBank SST IV CMBS Loan            
Debt Instrument [Line Items]            
Number of properties encumbered | Property   7        
Senior notes maturity date   Feb. 01, 2030        
Debt Instrument Carrying Amount   $ 40,500,000        
Fixed Rate Secured Debt | KeyBank CMBS Loan            
Debt Instrument [Line Items]            
Number of properties encumbered | Property     29      
Senior notes maturity date [2]     Aug. 01, 2026      
Debt Instrument Carrying Amount [2]     $ 91,041,968     92,784,412
Fixed Rate Secured Debt | KeyBank Property Loan            
Debt Instrument [Line Items]            
Number of properties encumbered | Property     5      
Fixed Rate Secured Debt | CMBS Loan            
Debt Instrument [Line Items]            
Number of properties encumbered | Property     10      
Senior notes maturity date [3]     Feb. 01, 2029      
Debt Instrument Carrying Amount [3]     $ 104,000,000     $ 104,000,000
[1] As of March 31, 2023, a Total Leverage Ratio Event (as defined below) had occurred, and the interest rate on such Note increased to 5.28% prospectively. For additional information regarding this loan, see below.
[2] This fixed rate loan encumbers 29 properties (Whittier, La Verne, Santa Ana, Upland, La Habra, Monterey Park, Huntington Beach, Chico, Lancaster I, Riverside, Fairfield, Lompoc, Santa Rosa, Federal Heights, Aurora, Littleton, Bloomingdale, Crestwood, Forestville, Warren I, Sterling Heights, Troy, Warren II, Beverly, Everett, Foley, Tampa, Boynton Beach, and Lancaster II) with monthly interest only payments until September 2021, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts.
[3] This fixed rate, interest only loan encumbers 10 properties (Myrtle Beach I, Myrtle Beach II, Port St. Lucie, Plantation, Sonoma, Las Vegas I, Las Vegas II, Las Vegas III, Ft Pierce, and Nantucket Island). The separate assets of these encumbered properties are not available to pay our other debts.