v3.25.4
Real Estate Investments (Tables)
12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Schedule of Capitalized Lessor Expenses
During the years ended December 31, 2025 and 2024, amounts capitalized at certain of our properties for tenant improvements, leasing costs and building improvements were as follows:
Year Ended December 31,
20252024
Tenant improvements (1)
$4,860 $1,935 
Leasing costs (1)
9,010 6,271 
Building improvements (2)
9,057 8,993 
Total capital expenditures$22,927 $17,199 
(1)Includes capital expenditures used to improve tenants’ space or amounts paid directly to tenants to improve their space and leasing related costs, such as brokerage commissions and tenant inducements.
(2)Includes expenditures to replace obsolete building components and expenditures that extend the useful life of existing assets.
Schedule of Property Dispositions
The table below provides information about dispositions, including the sale prices (excluding closing costs), during the years ended December 31, 2025, 2024 and 2023:
Gain (Loss) on
Number ofRentableSale of
Date of SaleLocationPropertiesSquare FeetSales PriceReal Estate
Dispositions during the year ended December 31, 2025:
November 2025Augusta, GA130,184 $1,650 $229 
December 2025Monaca, PA1255,658 2,250 (1,605)
Total2285,842 $3,900 $(1,376)
Dispositions during the year ended December 31, 2024:
We did not dispose of any properties during the year ended December 31, 2024.
Dispositions during the year ended December 31, 2023:
March 2023
Everett, WA
N/A
246,114 $270 $(974)
December 2023Mesquite, TX1211,112 20,890 118 
December 2023Asheville, NC132,599 4,300 2,566 
Total2489,825 $25,460 $1,710 
Schedule of Recognized Net Loss (Income) Attributable to Noncontrolling Interest
During the years ended December 31, 2025 and 2024, net loss attributable to noncontrolling interests in our consolidated financial statements was as follows:
Year Ended December 31,
202520242023
Consolidated joint venture$36,430 $41,558 $41,798 
Tenancy in common(49)(59)(68)
Total net loss attributable to noncontrolling interests$36,381 $41,499 $41,730