v3.25.4
Real Estate Facilities - Schedule of Activity in Real Estate Facilities (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Real estate facilities      
Real estate facilities, beginning balance $ 2,091,196 $ 1,924,746 $ 1,887,206
Acquisitions 318,568 180,559  
Casualty loss 0 (6,541) [1] 0
Impact of foreign exchange rate changes and other 9,982 (16,374) 4,342
Improvements and additions 17,713 8,806  
Disposition of real estate (10,096) 0 0
Real estate facilities, ending balance 2,427,363 2,091,196 1,924,746
Accumulated depreciation      
Accumulated depreciation, beginning balance (305,132) (255,844) (202,683)
Accumulated Depreciation Casualty Loss [1]   1,913  
Depreciation expense (61,986) (53,975) (52,620)
Disposition of real estate 2,460 0 0
Impact of foreign exchange rate changes and other (1,789) 2,774  
Accumulated depreciation, ending balance $ (366,447) $ (305,132) $ (255,844)
[1] Hurricane Helene caused record flooding in late September 2024 in Asheville, North Carolina. One of our wholly-owned properties in this market was severely flooded. As a result of the flooding and related damage, we recorded a net casualty loss related to the flooded property of approximately $4.6 million during the year ended December 31, 2024, to write-off the carrying value at the time of the loss. We believed it was probable that we would receive insurance proceeds to offset the casualty loss and we recorded a receivable for the carrying amount of $4.6 million related to our pending insurance claim as of December 31, 2024. There is no assurance as to when this property will be rebuilt or the performance of this property upon completion or stabilization. The casualty loss was completely offset in our consolidated statements of operations by such expected recovery. Any amount of insurance recovery related to the property damage in excess of the casualty loss incurred is considered a gain contingency, and would be recognized upon final settlement of the claims. As of December 31, 2025, we had received approximately $3.5 million in casualty insurance proceeds, and approximately $1.5 million was pending payment.