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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Property Activity (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Investments in Real Estate |  |
Balance, beginning of period | $ 868,878 | $ 660,413
Additions: |  |
Improvements | 29,329 | 10,969
Property acquisitions | 0 | 255,993
Deductions: |  |
Asset sales | 0 | (49,484)
Retirements | (3,422) | (9,013)
Balance, end of period | 894,785 | 868,878
Accumulated Depreciation |  |
Balance, beginning of period | (164,116) | (158,407)
Additions: depreciation | (24,897) | (22,384)
Assets held for sale | 0 | 0
Asset sales | 0 | 7,662
Retirements | 3,422 | 9,013
Balance, end of period | $ (185,591) | $ (164,116)

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- Definition Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 970 -SubTopic 360 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28(Column F)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478979/970-360-S99-1 + Details
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