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v3.23.1

Bank Note Payable, Term Loans Payable and Senior Notes (Details) $ / shares in Units, $ in Thousands |  |  |  |  |  |  |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Apr. 01, 2024 USD ($) | Feb. 10, 2023 USD ($) $ / shares | Feb. 09, 2023 | Sep. 30, 2022 USD ($) | Sep. 06, 2022 USD ($) | Oct. 25, 2021 USD ($) | Oct. 24, 2017 USD ($) | Dec. 31, 2021 USD ($) $ / shares | Mar. 31, 2023 USD ($) $ / shares | Mar. 31, 2022 $ / shares | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Oct. 01, 2023 USD ($) | Apr. 27, 2023 USD ($) | Sep. 27, 2021 | Sep. 27, 2018 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayments of unsecured debt |  |  |  |  |  |  |  |  | $ 40,000 |  |  |  |  |  |  |
Loss on extinguishment of debt |  |  |  |  |  |  |  |  | (67) |  |  |  |  |  |  |
Unsecured term loan |  |  |  |  |  |  |  |  | 124,365 |  | $ 164,750 |  |  |  |  |
Received an aggregate amount |  |  |  |  |  |  |  |  | $ 4,206 |  |  |  |  |  |  |
Cash dividend declared per share (in dollars per share) | $ / shares |  |  |  |  |  |  |  | $ 0.32 | $ 0.01 | $ 0.09 |  |  |  |  |  |
Distributions common stock (in dollars per share) | $ / shares |  |  |  |  |  |  |  |  | $ 0.01 | $ 0.09 |  |  |  |  |  |
Borrowings outstanding |  |  |  |  |  |  |  |  | $ 75,000 |  | 48,000 |  |  |  |  |
Senior Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  |  |  | $ 200,000 |  |  |  |  |  |  |  |  |
Fixed charge coverage ratio |  |  |  |  |  |  | 1.50 |  |  |  |  |  |  |  |  |
Series A Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  |  |  |  |  | $ 116,000 |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  |  |  |  | 4.49% |  |  |  |  |  |  |
Series B Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  |  |  | $ 84,000 |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  |  |  |  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate during period (as a percent) |  |  |  |  |  |  |  |  | 7.92% |  |  |  |  |  |  |
Weighted average variable interest rate (as a percent) |  |  |  |  |  |  |  |  | 6.91% |  |  |  |  |  |  |
Borrowing capacity |  | $ 150,000 |  |  |  |  |  |  |  |  | $ 237,500 |  |  |  |  |
Borrowings outstanding |  | $ 40,000 |  |  |  |  |  |  | $ 75,000 |  |  |  |  | $ 75,000 |  |
Facility fee at period end (as a percent) |  |  |  |  |  |  |  |  |  |  | 0.35% |  |  |  |  |
Facility fee (as a percent) |  | 0.35% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility | Maximum |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Distributions common stock (in dollars per share) | $ / shares |  | $ 0.01 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility | ScenarioForecastMember |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowing capacity | $ 100,000 |  |  |  |  |  |  |  |  |  |  |  | $ 125,000 |  |  |
Revolving Credit Facility | SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unsecured leverage ratio |  |  |  |  |  |  |  |  |  |  | 1.75% |  |  |  |  |
Revolving Credit Facility | One Month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.11448% | 0.11448% |  |  |  |  |  |  |  |  |  |  |  |  |
Term of SOFR |  | 1 month | 1 month |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility | Three month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.26161% | 0.26161% |  |  |  |  |  |  |  |  |  |  |  |  |
Term of SOFR |  | 3 months | 3 months |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility | Six month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.42826% | 0.42826% |  |  |  |  |  |  |  |  |  |  |  |  |
Term of SOFR |  | 6 months | 6 months |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility | LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  |  |  |  |  | 1.55% |  |  |  |
Revolving Credit Facility | Bank's base rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 2.00% |  |  |  |  |  |  |  |  |  | 0.55% |  |  |  |
Line of credit on which facility fee |  |  |  |  |  |  |  | $ 600,000 |  |  |  | $ 600,000 |  |  |  |
Facility fee (as a percent) |  |  |  |  |  |  |  |  |  |  |  | 0.30% |  |  |  |
Unsecured leverage ratio |  |  |  |  |  |  |  |  |  |  | 0.75% |  |  |  |  |
BofA Line Of Credit | Federal Funds Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  |  |  |  |  | 0.50% |  |  |  |
BofA Line Of Credit | LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  |  |  |  |  | 1.00% |  |  |  |
Unsecured Debt [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  | $ 400,000 |  |  |  |  |  |  |  |  |  |  |
Repayments of unsecured debt |  |  |  | $ 90,000 | 110,000 | $ 200,000 |  |  |  |  |  |  |  |  |  |
Loss on extinguishment of debt |  |  |  |  | $ 100 | $ 700 |  |  |  |  |  |  |  |  |  |
Effective interest rate (as a percent) |  |  |  |  | 2.65% |  |  |  |  |  |  |  |  |  |  |
Unsecured Debt [Member] | LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  |  | 1.75% |  |  |  |  |  |  |  |  |  |  |
Fixed rate (as a percent) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 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% |  |  |  |  |  |  |  |  |  |  |
BMO Term Loan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 220,000
Unsecured term loan |  |  |  |  |  |  |  |  | $ 125,000 |  |  |  |  |  |  |
Interest rate during period (as a percent) |  |  |  |  |  |  |  |  | 7.92% |  |  |  |  |  |  |
Weighted average interest rate (as a percent) |  |  |  |  |  |  |  |  | 7.16% |  |  |  |  |  |  |
Effective interest rate (as a percent) |  |  |  |  |  |  |  |  | 4.04% |  |  |  |  |  |  |
BMO Term Loan | Maximum |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash dividend declared per share (in dollars per share) | $ / shares |  | $ 0.01 |  |  |  |  |  |  |  |  |  |  |  |  |  |
BMO Term Loan | ScenarioForecastMember |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of principal | $ 25,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BMO Term Loan | BMO Interest Rate Swap |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Received an aggregate amount |  | $ 4,300 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest receivable portion of proceeds from termination of interest rate swap |  | $ 100 |  |  |  |  |  |  |  |  |  |  |  |  |  |
BMO Term Loan | SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |
BMO Term Loan | One Month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.11448% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term of SOFR |  | 1 month |  |  |  |  |  |  |  |  |  |  |  |  |  |
BMO Term Loan | Three month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.26161% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term of SOFR |  | 3 months |  |  |  |  |  |  |  |  |  |  |  |  |  |
BMO Term Loan | Six month SOFR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.42826% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term of SOFR |  | 6 months |  |  |  |  |  |  |  |  |  |  |  |  |  |
BMO Term Loan | LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  |  |  |  |  |  |  |  | 1.65% |  |  |  |  |
BMO Term Loan | LIBOR | Hedged portion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate (as a percent) |  |  |  |  |  |  |  |  | 2.39% |  |  |  |  |  |  |
BMO Term Loan | Bank's base rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 2.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate at period end (as a percent) |  |  |  |  |  |  |  |  |  |  | 0.65% |  |  |  |  |
Tranche A Term Loan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of principal |  | $ 40,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |

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- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126972273&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126972273&loc=d3e12317-112629 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 + 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 fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + 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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- Definition The effective interest rate during 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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- 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Weighted average interest rate of long-term debt outstanding calculated over time. + References No definition available. + Details
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- Definition The cash inflow from a financial contract that meets the hedge criteria as either cash flow hedge, fair value hedge or hedge of net investment in foreign operations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 27 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3581-108585 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3255-108585 + Details
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- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3291-108585 + Details
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- Definition The cash outflow to repay long-term debt that is not secured by collateral. Excludes repayments of tax exempt unsecured debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3291-108585 + Details
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). + 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(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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