XML 64 R53.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Revolving Credit Facility - Narrative (Details)
3 Months Ended 12 Months Ended
Sep. 12, 2023
USD ($)
Apr. 08, 2022
Mar. 31, 2024
USD ($)
extension
$ / shares
Jun. 30, 2020
Dec. 31, 2023
$ / shares
Sep. 11, 2023
USD ($)
Line of Credit Facility [Line Items]            
Maximum distribution as percentage of FFO     100.00% 100.00%    
Maximum distribution as percentage of AFFO     105.00%      
Maximum distribution as percentage of FFO, under exception       105.00%    
Series A Preferred Stock            
Line of Credit Facility [Line Items]            
Preferred stock, dividend rate     7.25%   7.25%  
Preferred stock, par value (in dollars per share) | $ / shares     $ 0.01   $ 0.01  
Series B Preferred Stock            
Line of Credit Facility [Line Items]            
Preferred stock, dividend rate     6.875%   6.875%  
Preferred stock, par value (in dollars per share) | $ / shares     $ 0.01   $ 0.01  
Credit Facility Amendment | KeyBank National Association | Base Rate            
Line of Credit Facility [Line Items]            
Interest rate spread   0.00%        
Credit Facility            
Line of Credit Facility [Line Items]            
Weighted-average effective interest rate     5.90%      
Revolving Credit Facility | Credit Facility Amendment | Minimum | Base Rate            
Line of Credit Facility [Line Items]            
Interest rate spread   0.30%        
Revolving Credit Facility | Credit Facility Amendment | Minimum | Secured Overnight Financing Rate (SOFR)            
Line of Credit Facility [Line Items]            
Interest rate spread   1.30%        
Revolving Credit Facility | Credit Facility Amendment | Maximum | Base Rate            
Line of Credit Facility [Line Items]            
Interest rate spread   0.90%        
Revolving Credit Facility | Credit Facility Amendment | Maximum | Secured Overnight Financing Rate (SOFR)            
Line of Credit Facility [Line Items]            
Interest rate spread   1.90%        
Revolving Credit Facility | Credit Facility Amendment | KeyBank National Association | Unsecured Debt            
Line of Credit Facility [Line Items]            
Increase in lender commitments $ 500,000,000          
Maximum borrowing capacity (up to) 1,950,000,000         $ 1,450,000,000
Revolving Credit Facility | Credit Facility            
Line of Credit Facility [Line Items]            
Available for future borrowings     $ 43,500,000      
Principal amount     $ 100,000,000      
Revolving Credit Facility | Credit Facility | KeyBank National Association | Unsecured Debt            
Line of Credit Facility [Line Items]            
Facility fee multiplier     0.0030      
Revolving Credit Facility | Credit Facility | KeyBank National Association | Unsecured Debt | Above Threshold            
Line of Credit Facility [Line Items]            
Unused capacity commitment fee     0.25%      
Commitment fee percentage     50.00%      
Revolving Credit Facility | Credit Facility | KeyBank National Association | Unsecured Debt | Below Threshold            
Line of Credit Facility [Line Items]            
Unused capacity commitment fee     0.15%      
Commitment fee percentage     50.00%      
Letter of Credit | Credit Facility Amendment | KeyBank National Association | Unsecured Debt            
Line of Credit Facility [Line Items]            
Maximum borrowing capacity (up to) 75,000,000         50,000,000
Bridge Loan | Credit Facility Amendment | KeyBank National Association | Unsecured Debt            
Line of Credit Facility [Line Items]            
Maximum borrowing capacity (up to) $ 75,000,000         $ 50,000,000
Term Loan | Credit Facility Amendment | KeyBank National Association | Unsecured Debt            
Line of Credit Facility [Line Items]            
Number of extensions | extension     2      
Extension term     6 months