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v3.20.2

Debt - Senior Unsecured Credit Facility and Unsecured Term Loans (Details) |  | 3 Months Ended | 9 Months Ended | 10 Months Ended | 19 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Jun. 09, 2020 | Sep. 30, 2020 USD ($) | Sep. 30, 2019 USD ($) | Dec. 31, 2021 | Sep. 30, 2020 USD ($) | Sep. 30, 2019 USD ($) | Mar. 31, 2021 USD ($) | Dec. 31, 2021 | Apr. 01, 2021 | Aug. 14, 2020 USD ($) | Dec. 31, 2019 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Percent of unused portion line of credit facility triggering lower commitment fee (as a percent) |  |  |  |  | 50.00% |  |  |  |  |  |
Senior unsecured credit facility |  | $ 99,985,000 |  |  | $ 99,985,000 |  |  |  |  |  | $ 75,000,000
Maximum annual preferred dividends |  |  |  |  |  |  |  |  |  | $ 17,500,000 |
Unsecured Term Loan |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest incurred on the facility |  | 3,700,000 | $ 3,500,000 |  | $ 9,800,000 | $ 10,400,000 |  |  |  |  |
Minimum |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, unused capacity, commitment fee (as a percent) |  |  |  |  | 0.20% |  |  |  |  |  |
Maximum |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, unused capacity, commitment fee (as a percent) |  |  |  |  | 0.30% |  |  |  |  |  |
Revolving Credit Facility | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  | 400,000,000 |  |  | $ 400,000,000 |  |  |  |  |  |
Senior unsecured credit facility |  | 99,985,000 |  |  | 99,985,000 |  |  |  |  |  | 75,000,000
Interest and unused credit facility fees |  | 1,100,000 | $ 1,100,000 |  | $ 3,600,000 | $ 2,800,000 |  |  |  |  |
Revolving Credit Facility | LIBOR | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  | 2.40% |  |  |  |  |  |
Revolving Credit Facility | LIBOR | Minimum | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate | 0.25% |  |  |  |  |  |  |  |  |  |
Unsecured Term Loan due July 2024 | Unsecured Term Loan |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Principal balance |  | 350,000,000 |  |  | $ 350,000,000 |  |  |  |  |  | 350,000,000
Unsecured Term Loan due July 2024 | LIBOR | Unsecured Term Loan |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  | 2.35% |  |  |  |  |  |
Unsecured Term Loan Due October 2023 | Unsecured Term Loan |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Principal balance |  | $ 50,000,000 |  |  | $ 50,000,000 |  |  |  |  |  | $ 50,000,000
Unsecured Term Loan Due October 2023 | LIBOR | Unsecured Term Loan |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  | 2.35% |  |  |  |  |  |
Forecast |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Minimum liquidity covenant |  |  |  |  |  |  | $ 100,000,000.0 |  |  |  |
Covenant, acquisition limitation |  |  |  |  |  |  | $ 300,000,000 |  |  |  |
Maximum leverage ratio (as a percent) |  |  |  |  |  |  | 0.60 |  | 0.65 |  |
Unencumbered leverage ratio |  |  |  |  |  |  | 60.00% |  | 65.00% |  |
Forecast | Revolving Credit Facility | LIBOR | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 2.40% |  |  |
Forecast | Unsecured Term Loan Due October 2023 | LIBOR | Unsecured Term Loan |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 2.35% |  |  |
Testing Period One | Forecast | Minimum |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Unencumbered implied debt service coverage ratio |  |  |  | 1.00 |  |  |  |  |  |  |
Testing Period Two | Forecast | Minimum |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Unencumbered implied debt service coverage ratio |  |  |  | 1.00 |  |  |  |  |  |  |
Testing Period Three | Forecast | Minimum |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Unencumbered implied debt service coverage ratio |  |  |  | 1.10 |  |  |  |  |  |  |
Testing Periods Thereafter | Forecast | Minimum |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Unencumbered implied debt service coverage ratio |  |  |  | 1.20 |  |  |  |  |  |  |

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- Definition Line of credit facility interest and commitment fee amount. + References No definition available. + Details
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- Definition Percent Of Unused Portion Line Of Credit Facility Triggering Commitment Fee Percentage + References No definition available. + Details
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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 http://asc.fasb.org/extlink&oid=120520924&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 http://asc.fasb.org/extlink&oid=120400017&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 http://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 http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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- Definition Total interest costs incurred during the period and either capitalized or charged against earnings. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: 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 http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: 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 http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: 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 http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
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