v3.25.0.1
Rental Property - Acquisitions - Allocation of Consideration (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Allocation of the consideration paid for the acquired assets and liabilities    
Land $ 84,965 $ 56,055
Buildings 504,551 217,420
Tenant improvements 8,726 1,407
Building and land improvements 26,207 12,988
Construction in progress 3,603 16,187
Other assets 243 0
Operating lease right-of-use assets 31,151 29,566
Operating Lease, Liability (35,304) (33,577)
Tenant prepaid rent 0 (511)
Total purchase price 710,329 322,014
Acquisitions 2023    
Allocation of the consideration paid for the acquired assets and liabilities    
Operating lease right-of-use assets   0
Operating Lease, Liability   0
Acquisitions 2024    
Allocation of the consideration paid for the acquired assets and liabilities    
Operating lease right-of-use assets 3,554  
Operating Lease, Liability (3,554)  
In-place leases    
Allocation of the consideration paid for the acquired assets and liabilities    
Deferred leasing intangibles $ (60,659) $ (16,914)
Weighted average amortization period of lease intangibles 6 years 4 months 24 days 5 years 1 month 6 days
Tenant relationships    
Allocation of the consideration paid for the acquired assets and liabilities    
Deferred leasing intangibles $ (32,784) $ (6,870)
Weighted average amortization period of lease intangibles 10 years 1 month 6 days 8 years 10 months 24 days
Above market leases    
Allocation of the consideration paid for the acquired assets and liabilities    
Deferred leasing intangibles $ (934) $ (523)
Weighted average amortization period of lease intangibles 2 years 8 months 12 days 2 years 8 months 12 days
Below market leases    
Allocation of the consideration paid for the acquired assets and liabilities    
Deferred leasing intangibles $ 12,343 $ 5,839
Weighted average amortization period of lease intangibles 6 years 2 months 12 days 6 years 4 months 24 days