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v3.22.2.2

Bank Note Payable, Term Loans Payable and Senior Notes (Details) - USD ($) |  |  |  |  |  | 3 Months Ended | 9 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 06, 2022 | Oct. 25, 2021 | Sep. 29, 2021 | Jun. 04, 2021 | Dec. 24, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Feb. 10, 2022 | Jan. 10, 2022 | Dec. 31, 2021 | Dec. 23, 2020 | Aug. 02, 2018 | Oct. 18, 2017
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayments of unsecured debt |  |  |  |  |  |  |  | $ 110,000,000 | $ 245,000,000 |  |  |  |  |  |
Loss on extinguishment of debt |  |  |  |  |  | $ (78,000) | $ (236,000) | (78,000) | $ (403,000) |  |  |  |  |  |
Unsecured term loan |  |  |  |  |  | 164,692,000 |  | 164,692,000 |  |  |  | $ 274,286,000 |  |  |
Borrowings outstanding |  |  |  |  |  | 65,000,000 |  | 65,000,000 |  |  |  |  |  |  |
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% |  |  |  |  |  |  |
Revolving Credit Facility [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate during period (as a percent) |  |  |  |  |  |  |  | 5.11% |  |  |  |  |  |  |
Weighted average variable interest rate (as a percent) |  |  |  |  |  |  |  | 1.84% |  |  |  |  |  |  |
Borrowing capacity |  |  |  |  |  |  |  |  |  | $ 237,500,000 | $ 217,500,000 |  |  |  |
Increase to maximum borrowing capacity by exercising an accordion feature |  |  |  |  |  |  |  |  |  | $ 20,000,000.0 |  |  |  |  |
Borrowings outstanding |  |  |  |  |  | $ 65,000,000.0 |  | $ 65,000,000.0 |  |  |  |  |  |  |
Maximum allowable borrowing capacity upon exercising an accordion feature |  |  |  |  |  | $ 750,000,000 |  | $ 750,000,000 |  |  |  |  |  |  |
Facility fee at period end (as a percent) |  |  |  |  |  | 0.35% |  | 0.35% |  |  |  |  |  |  |
Percentage of funds from operations which dividend distributions cannot exceed per the BofA Credit Agreement |  |  |  |  |  |  |  | 95.00% |  |  |  |  |  |  |
Revolving Credit Facility [Member] | SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  | 0.11448% |  |  |  |  |  |  |
Unsecured leverage ratio |  |  |  |  |  |  |  | 1.95% |  |  |  |  |  |  |
Revolving Credit Facility [Member] | One Month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  | 0.11448% |  |  |  |  |  |  |
Term of SOFR |  |  |  |  |  |  |  | 1 month |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Three month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  | 0.26161% |  |  |  |  |  |  |
Term of SOFR |  |  |  |  |  |  |  | 3 months |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Six month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  | 0.42826% |  |  |  |  |  |  |
Term of SOFR |  |  |  |  |  |  |  | 6 months |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Bank's base rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unsecured leverage ratio |  |  |  |  |  |  |  | 0.95% |  |  |  |  |  |  |
Unsecured Debt [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 400,000,000
Repayments of unsecured debt | $ 110,000,000 | $ 200,000,000 | $ 90,000,000 |  |  |  |  |  |  |  |  |  |  |  |
Loss on extinguishment of debt | 100,000 | $ 700,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Unsecured term loan | $ 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average interest rate (as a percent) |  |  |  |  |  | 2.65% |  | 2.65% |  |  |  |  |  |  |
Unsecured Debt [Member] | 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% |  |  |  |  |  |  |
Unsecured Debt [Member] | Bank's 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 |  |  |  |  |  |  |
Effective interest rate (as a percent) |  |  |  |  |  | 4.04% |  | 4.04% |  |  |  |  |  |  |
Maximum allowable borrowing capacity upon exercising an accordion feature |  |  |  |  |  | $ 100,000,000 |  | $ 100,000,000 |  |  |  |  |  |  |
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 | Bank's 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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- Definition Represents the percentage of good faith estimate of projected funds from operations in which dividend distributions cannot exceed pursuant to the debt covenants under the revolving credit facility agreement. + References No definition available. + Details
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument at period end. + References No definition available. + Details
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- Definition Maximum amount of borrowing capacity allowable that may be issued upon the exercise of the accordion feature of the debt agreement subject to receipt of lender commitments and satisfaction of certain customary conditions. + References No definition available. + Details
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- Definition The increase to maximum borrowing capacity under the credit facility upon exercise of the accordion feature which is subject to receipt of lender commitments and satisfaction of certain customary conditions. + References No definition available. + Details
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- Definition Represents the term of the Secured Overnight Financing Rate (SOFR) used to calculate the interest on the revolving credit facility. + References No definition available. + Details
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- Definition Represents the unsecured leverage ratio that must be maintained as a part of the debt agreement. + References No definition available. + Details
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- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 4: 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(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: 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(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Amount of liability hedged in fair value hedging relationship. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4EE -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109999712-113959 + 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 https://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 https://asc.fasb.org/extlink&oid=126897435&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 https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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- Definition The effective interest rate at the end of the reporting period. + 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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