XML 73 R56.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Subsequent Events (Details) $ / shares in Units, $ in Millions |  |  |  |  |  |  |  |  |  | 1 Months Ended | 3 Months Ended |
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Mar. 31, 2025 USD ($) | Feb. 21, 2024 USD ($) | Jan. 31, 2024 | Jan. 26, 2024 USD ($) | Jan. 12, 2024 $ / shares | Dec. 06, 2023 USD ($) | Oct. 26, 2023 USD ($) | Aug. 09, 2023 USD ($) property | Feb. 10, 2023 $ / shares | Feb. 28, 2025 | Sep. 30, 2023 USD ($) | Sep. 27, 2018 USD ($)
BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  |  |  |  |  |  |  |  | $ 220.0
Maximum | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Cash dividend declared per share (in dollars per share) | $ / shares |  |  |  |  |  |  |  |  | $ 0.01 |  |  |
SOFR | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  |  | 3.00% |  |  |
Base rate | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  |  | 2.00% |  |  |
Subsequent event |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Cash dividend declared per share (in dollars per share) | $ / shares |  |  |  |  | $ 0.01 |  |  |  |  |  |  |
Subsequent event | BofA Term Loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Portion to be retained |  | 10.00% |  |  |  |  |  |  |  |  |  |
Mandatory prepayments of term loan |  | 20.00% |  |  |  |  |  |  |  |  |  |
Threshold period to provide guarantee |  | 90 days |  |  |  |  |  |  |  |  |  |
Threshold period to pledge equity interests |  | 90 days |  |  |  |  |  |  |  |  |  |
Repayment of loan |  | $ 22.7 |  |  |  |  |  |  |  |  |  |
Outstanding amount |  | $ 67.3 |  |  |  |  |  |  |  |  |  |
Subsequent event | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Portion to be retained |  | 10.00% |  |  |  |  |  |  |  |  |  |
Mandatory prepayments of term loan |  | 25.55556% |  |  |  |  |  |  |  |  |  |
Threshold period to provide guarantee |  | 90 days |  |  |  |  |  |  |  |  |  |
Threshold period to pledge equity interests |  | 90 days |  |  |  |  |  |  |  |  |  |
Repayment of loan |  | $ 29.0 |  |  |  |  |  |  |  |  |  |
Outstanding amount |  | $ 86.0 |  |  |  |  |  |  |  |  |  |
Subsequent event | Senior notes |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  | 8.00% |  |  |  |  |  |  |  |  |
Portion to be retained |  | 10.00% |  |  |  |  |  |  |  |  |  |
Mandatory prepayments of term loan |  | 44.44444% |  |  |  |  |  |  |  |  |  |
Threshold period to pledge equity interests |  | 90 days |  |  |  |  |  |  |  |  |  |
Subsequent event | Senior A Notes |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  | 8.00% | 4.49% |  |  |  |  |  |  |  |  |
Repayment of senior notes |  | $ 29.2 |  |  |  |  |  |  |  |  |  |
Outstanding amount |  | $ 86.8 |  |  |  |  |  |  |  |  |  |
Subsequent event | Senior B Notes |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  | 8.00% | 4.76% |  |  |  |  |  |  |  |  |
Repayment of senior notes |  | $ 21.2 |  |  |  |  |  |  |  |  |  |
Outstanding amount |  | $ 62.8 |  |  |  |  |  |  |  |  |  |
Subsequent event | Minimum | BofA Term Loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Fixed charge coverage ratio |  | 1.25 | 1.50 |  |  |  |  |  |  |  |  |
Subsequent event | Minimum | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Fixed charge coverage ratio |  | 1.25 | 1.50 |  |  |  |  |  |  |  |  |
Unsecured interest charge coverage ratio |  | 1.25 | 1.75 |  |  |  |  |  |  |  |  |
Subsequent event | If aggregate principal amount exceeds $200 million | Senior notes |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) | 9.00% |  |  |  |  |  |  |  |  |  |  |
Increase in interest rate |  | 1.00% |  |  |  |  |  |  |  |  |  |
Subsequent event | If aggregate principal amount exceeds $200 million | BMO Term Loan, the BofA Term Loan and the Senior Notes |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan | $ 200.0 | $ 200.0 |  |  |  |  |  |  |  |  |  |
Subsequent event | SOFR | BofA Term Loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 4.00% |  |  |  |  |  |  |  |  |  |
Percentage points of floor rate |  | 5.00% |  |  |  |  |  |  |  |  |  |
Subsequent event | SOFR | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 3.00% | 3.00% |  |  |  |  |  |  | 3.00% |  |
Percentage points of floor rate |  | 5.00% |  |  |  |  |  |  |  |  |  |
Subsequent event | SOFR | Maximum | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) | 4.00% |  |  |  |  |  |  |  |  |  |  |
Subsequent event | SOFR | If aggregate principal amount exceeds $200 million | BofA Term Loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Increase in basis spread |  | 1.00% |  |  |  |  |  |  |  |  |  |
Subsequent event | SOFR | If aggregate principal amount exceeds $200 million | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Increase in basis spread | 1.00% |  |  |  |  |  |  |  |  |  |  |
Subsequent event | Base rate | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) | 3.00% |  | 2.00% |  |  |  |  |  |  | 2.00% |  |
Percentage points of floor rate |  | 6.00% |  |  |  |  |  |  |  |  |  |
Subsequent event | Base rate | Minimum | BMO Term loan |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 2.00% |  |  |  |  |  |  |  |  |  |
Property in Plano, Texas |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Sale price |  |  |  |  |  |  | $ 48.0 |  |  |  | $ 48.0 |
Gain (loss) on sale of property |  |  |  |  |  |  | $ 10.6 |  |  |  | 10.6 |
Office property in Charlotte, North Carolina |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  |  | 1 |  |  |  |
Sale price |  |  |  |  |  |  |  | $ 9.2 |  |  |  |
Gain (loss) on sale of property |  |  |  |  |  |  |  | $ (0.8) |  |  |  |
Property in Miami, Florida |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Sale price |  |  |  |  |  | $ 68.0 |  |  |  |  |  |
Gain (loss) on sale of property |  |  |  |  |  | $ (18.9) |  |  |  |  |  |
Properties In Richardson, Texas |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Sale price |  |  |  |  |  |  |  |  |  |  | $ 35.0 |
Properties In Richardson, Texas | Subsequent event |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Sale price |  |  |  | $ 35.0 |  |  |  |  |  |  |  |
Gain (loss) on sale of property |  |  |  | $ (2.1) |  |  |  |  |  |  |  |
BofA Revolver | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Cash dividend declared per share (in dollars per share) | $ / shares |  |  |  |  |  |  |  |  | $ 0.01 |  |  |
BofA Revolver | SOFR |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  |  | 3.00% |  |  |
BofA Revolver | Base rate |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  |  |  |  | 2.00% |  |  |
BofA Revolver | Subsequent event | SOFR |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 3.00% | 3.00% |  |  |  |  |  |  |  |  |

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