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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2025
Accounting Policies [Abstract] |
Summary of Estimated Useful Lives | Depreciation of real estate assets, excluding land, is recognized on a straight-line basis over their estimated useful lives which generally range between:
Buildings: | 25 – 40 years
Site improvements: | 5 – 15 years
Tenant improvements: | shorter of the estimated useful life or non-cancelable term of lease
Schedule of Gain on Sale of Real Estate | The following table summarizes the Company’s gain on sale of real estate, net during the three and six months ended June 30, 2025 and 2024 (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Dispositions to third parties |  |  |  |  |  |  |  |  |  |  |  |
Cash proceeds |  | $ | 23.0 |  |  | $ | 40.4 |  |  | $ | 52.6 |  |  | $ | 87.7 |
Gain on sale of real estate, net |  |  | 2.0 |  |  |  | 2.0 |  |  |  | 8.9 |  |  |  | 3.2 |

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- Definition Tabular disclosure of gain (loss) on real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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