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v3.21.2

Bank Note Payable, Term Loans Payable and Senior Notes (Details) |  |  |  | 3 Months Ended | 6 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Jun. 04, 2021 USD ($) | Dec. 24, 2020 USD ($) | Sep. 27, 2012 USD ($) | Jun. 30, 2021 USD ($) period | Jun. 30, 2021 USD ($) period | Dec. 31, 2020 USD ($) | Dec. 23, 2020 USD ($) | Aug. 02, 2018 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Repayments of unsecured debt |  |  |  |  | $ 155,000,000 |  |  |
Loss on extinguishment of debt |  |  |  | $ (167,000) | (167,000) |  |  |
Unsecured term loan |  |  |  | 563,151,000 | 563,151,000 | $ 717,323,000 |  |
Portion of future LIBOR-based rate risk |  |  |  | 9,400,000 | 9,400,000 |  |  |
Borrowings outstanding |  |  |  |  |  | $ 3,500,000 |  |
Senior Notes |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  | 200,000,000 | $ 200,000,000 |  |  |
Fixed charge coverage ratio |  |  |  |  | 1.50 |  |  |
Series A Notes |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  | $ 116,000,000 | $ 116,000,000 |  |  |
Interest rate (as a percent) |  |  |  | 4.49% | 4.49% |  |  |
Series B Notes |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  | $ 84,000,000 | $ 84,000,000 |  |  |
Interest rate (as a percent) |  |  |  | 4.76% | 4.76% |  |  |
Maximum | Senior Notes |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Unsecured leverage ratio |  |  |  |  | 60.00% |  |  |
Unsecured leverage ratio for significant acquisition |  |  |  |  | 65.00% |  |  |
BAML Revolver |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Weighted average interest rate (as a percent) |  |  |  | 1.31% | 1.31% | 1.65% |  |
Effective interest rate (as a percent) |  |  |  | 1.65% | 1.65% |  |  |
Total available |  |  |  | $ 600,000,000 | $ 600,000,000 |  |  |
Number of periods of extension | period |  |  |  | 2 | 2 |  |  |
Length of extension period |  |  |  |  | 6 months |  |  |
Additional borrowing capacity allowed by exercising an accordion feature |  |  |  | $ 500,000,000 | $ 500,000,000 |  |  |
Borrowings outstanding |  |  |  | $ 0 | $ 0 | $ 3,500,000 |  |
Facility fee at period end (as a percent) |  |  |  | 0.30% | 0.30% |  |  |
BAML Revolver | LIBOR |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  | 1.55% | 1.55% |  |  |
BAML Revolver | Base Rate |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  | 0.55% | 0.55% |  |  |
BAML Term Loan |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  | $ 400,000,000 | $ 400,000,000 |  |  |
Effective interest rate (as a percent) |  |  |  | 2.87% | 2.87% |  |  |
Additional borrowing capacity allowed by exercising an accordion feature |  |  |  | $ 500,000,000 | $ 500,000,000 |  |  |
Amount drawn down |  |  | $ 400,000,000 |  |  |  |  |
BAML Term Loan | LIBOR |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  | 1.75% | 1.75% |  |  |
Fixed rate (as a percent) |  |  |  | 1.12% | 1.12% |  |  |
BAML Term Loan | Base Rate |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  | 0.75% | 0.75% |  |  |
JPM Term Loan |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  |  |  |  | $ 150,000,000
Repayments of unsecured debt | $ 100,000,000 | $ 50,000,000 |  |  |  |  |  |
Loss on extinguishment of debt | 100,000 |  |  |  |  |  |  |
Unsecured term loan |  |  |  |  |  |  | $ 100,000,000 |
Portion of future LIBOR-based rate risk |  |  |  | $ 100,000,000 | $ 100,000,000 |  |  |
JPM Term Loan | Hedged portion |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Payment to terminate interest rate swap | 1,200,000 |  |  |  |  |  |  |
Portion of future LIBOR-based rate risk |  |  |  | $ 100,000,000 | $ 100,000,000 |  |  |
JPM Term Loan | LIBOR | Hedged portion |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Fixed rate (as a percent) |  |  |  | 2.44% | 2.44% |  |  |
BMO Term Loan |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  | $ 220,000,000 | $ 220,000,000 |  |  |
Additional loans allowed by exercising an accordion feature |  |  |  | $ 100,000,000 | $ 100,000,000 |  |  |
Effective interest rate (as a percent) |  |  |  | 4.04% | 4.04% |  |  |
BMO Term Loan | LIBOR |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  | 1.65% | 1.65% |  |  |
Fixed rate (as a percent) |  |  |  | 2.32% | 2.32% |  |  |
BMO Term Loan | LIBOR | Hedged portion |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Fixed rate (as a percent) |  |  |  | 2.39% | 2.39% |  |  |
BMO Term Loan | Base Rate |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  | 0.65% | 0.65% |  |  |
Tranche A Term Loan |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  | $ 55,000,000 | $ 55,000,000 |  |  |
Loss on extinguishment of debt | 100,000 |  |  |  |  |  |  |
Payment to terminate interest rate swap | $ 600,000 |  |  |  |  |  |  |
Tranche B Term Loan |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  | $ 165,000,000 | $ 165,000,000 |  |  |

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