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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Fair Value on a Recurring Basis | The following table sets forth the assets and liabilities that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2023 and 2022:
Assets/(Liabilities) |  | Total Fair Value |  | Quoted Prices in Active Markets for Identical Assets and Liabilities |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
December 31, 2023 |  |  |  |  |  |  |  |
Interest Rate Swap Asset |  | $ | 26,942 |  |  | $ | — |  |  | $ | 26,942 |  |  | $ | — |
Mutual Funds Asset |  | $ | 7,148 |  |  | $ | 7,148 |  |  | $ | — |  |  | $ | — |
December 31, 2022 |  |  |  |  |  |  |  |
Interest Rate Swap Asset |  | $ | 41,404 |  |  | $ | — |  |  | $ | 41,404 |  |  | $ | — |
Mutual Funds Asset |  | $ | 6,191 |  |  | $ | 6,191 |  |  | $ | — |  |  | $ | — |
Schedule of Quantitative Information Related to Non-Recurring Fair Value Measurements | The following table is a summary of the quantitative fair value information for thirteen properties using the discounted cash flow approach, which the Company considered as Level 3 measurements within the fair value hierarchy:
|  | Range of Inputs or Input
Unobservable Inputs |  | Southwest |  | Northeast |  | West |  | Southeast
Market rent per square foot |  | $16.00 - $27.00 |  | $15.00 - $30.00 |  | $21.00 |  | $14.00
Discount rate |  | 8.50% - 15.00% |  | 8.00% - 15.00% |  | 9.00% |  | 15.00%
Terminal capitalization rate |  | 8.00% - 10.50% |  | 6.50% - 9.00% |  | 8.50% |  | 9.00%
The following table is a summary of the quantitative fair value information for four properties using estimated selling prices based on quoted market values and comparable property sales, which the Company considered as Level 3 measurements within the fair value hierarchy:
| Range of Inputs
Unobservable Inputs | Southwest |  | Northeast |  | West |  | Midwest
Estimated selling price (per square foot) | $235.00 |  | $227.00 |  | $30.00 |  | $158.00
Anticipated hold period | One year |  | One year |  | One year |  | One year
The following table is a summary of the quantitative fair value information for fifteen properties in the Other reporting unit as of the valuation date using the discounted cash flow approach, which the Company considered as Level 3 measurements within the fair value hierarchy:
|  | Range of Inputs
Unobservable Inputs |  | Reporting Unit: Other
Market rent per square foot |  | $5.00 - $27.50
Discount rate |  | 7.25% - 15.00%
Terminal capitalization rate |  | 6.25% - 9.50%
The following table is a summary of the quantitative fair value information for three properties in the Other reporting unit as of the valuation date using estimated selling prices based on quoted market values and comparable property sales, which the Company considered as Level 3 measurements within the fair value hierarchy:
|  | Range of Inputs
Unobservable Inputs |  | Reporting Unit: Other
Estimated selling price (per square foot) |  | $38.92 - $74.07
Schedule of Carrying Values and Estimated Fair Values of Financial Instruments | The Company determined that the mortgage debt valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt.
| December 31,
| 2023 |  | 2022
| Fair Value |  | Carrying Value (1) |  | Fair Value |  | Carrying Value (1)
BOA II Loan | $ | 220,730 |  |  | $ | 250,000 |  |  | $ | 226,361 |  |  | $ | 250,000 |
AIG Loan II | 115,340 |  |  | 119,953 |  |  | 111,872 |  |  | 122,328 |
AIG Loan | 92,444 |  |  | 92,444 |  |  | 89,526 |  |  | 99,794 |
Samsonite Mortgage Loan | — |  |  | — |  |  | 17,998 |  |  | 17,998 |
HealthSpring Mortgage Loan | — |  |  | — |  |  | 19,107 |  |  | 19,107 |
Pepsi Bottling Ventures Mortgage Loan | 17,439 |  |  | 17,439 |  |  | 17,014 |  |  | 17,836 |
Highway 94 Mortgage Loan | 11,709 |  |  | 11,709 |  |  | 11,941 |  |  | 12,740 |
Total | $ | 457,662 |  |  | $ | 491,545 |  |  | $ | 493,819 |  |  | $ | 539,803 |
(1)The carrying values do not include the debt premium/(discount) or deferred financing costs as of December 31, 2023 and 2022. See Note 5, Debt, for details.

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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