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v3.23.1

Mortgage Notes Payable, Net - Schedule of Long-term Debt Instruments (Details) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2023 USD ($) property | Dec. 31, 2022 USD ($)
Debt Instrument [Line Items] |  |
Mortgage notes payable, net | $ 1,240,795 | $ 1,233,081
Mortgage Notes Payable |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 111 |
Outstanding loan amount | $ 1,251,330 | 1,244,689
Effective Interest Rate | 3.90% |
Mortgage discount | $ (1,003) | (1,207)
Deferred financing costs, net of accumulated amortization | (9,532) | (10,401)
Mortgage notes payable, net | $ 1,240,795 | 1,233,081
Mortgage Notes Payable | EUR |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 13 |
Outstanding loan amount | $ 267,051 | 262,857
Mortgage Notes Payable | EUR | Finland Properties |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 5 |
Outstanding loan amount | $ 80,496 | 79,232
Effective Interest Rate | 3.80% |
Percentage fixed interest rate | 80.00% |
Percentage variable interest rate | 20.00% |
Mortgage Notes Payable | EUR | Finland Properties | Euribor Rate |  |
Debt Instrument [Line Items] |  |
Interest rate spread | 1.40% |
Mortgage Notes Payable | EUR | Germany Properties |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 5 |
Outstanding loan amount | $ 56,021 | 55,140
Effective Interest Rate | 3.60% |
Percentage fixed interest rate | 80.00% |
Percentage variable interest rate | 20.00% |
Mortgage Notes Payable | EUR | Germany Properties | Euribor Rate |  |
Debt Instrument [Line Items] |  |
Interest rate spread | 1.55% |
Mortgage Notes Payable | EUR | Benelux Properties |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 3 |
Outstanding loan amount | $ 130,534 | 128,485
Effective Interest Rate | 1.40% |
Mortgage Notes Payable | GBP |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 44 |
Outstanding loan amount | $ 318,949 | 316,502
Mortgage Notes Payable | GBP | McLaren |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 3 |
Outstanding loan amount | $ 124,917 | 122,182
Effective Interest Rate | 6.00% |
Mortgage Notes Payable | GBP | United Kingdom Properties - Bulk Loan |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 41 |
Outstanding loan amount | $ 194,032 | 194,320
Effective Interest Rate | 3.20% |
Percentage fixed interest rate | 80.00% |
Percentage variable interest rate | 20.00% |
Mortgage Notes Payable | GBP | United Kingdom Properties - Bulk Loan | LIBOR |  |
Debt Instrument [Line Items] |  |
Interest rate spread | 2.00% |
Mortgage Notes Payable | USD |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 54 |
Outstanding loan amount | $ 665,330 | 665,330
Mortgage Notes Payable | USD | Penske Logistics |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 1 |
Outstanding loan amount | $ 70,000 | 70,000
Effective Interest Rate | 4.70% |
Mortgage Notes Payable | USD | Multi-Tenant Mortgage Loan I |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 10 |
Outstanding loan amount | $ 162,580 | 162,580
Effective Interest Rate | 4.40% |
Mortgage Notes Payable | USD | Multi-Tenant Mortgage Loan II |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 8 |
Outstanding loan amount | $ 32,750 | 32,750
Effective Interest Rate | 4.40% |
Mortgage Notes Payable | USD | Multi-Tenant Mortgage Loan III |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 7 |
Outstanding loan amount | $ 98,500 | 98,500
Effective Interest Rate | 4.90% |
Mortgage Notes Payable | USD | Multi-Tenant Mortgage Loan IV |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 16 |
Outstanding loan amount | $ 97,500 | 97,500
Effective Interest Rate | 4.60% |
Mortgage Notes Payable | USD | Multi-Tenant Mortgage Loan V |  |
Debt Instrument [Line Items] |  |
Encumbered Properties | property | 12 |
Outstanding loan amount | $ 204,000 | $ 204,000
Effective Interest Rate | 3.70% |

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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
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