v3.26.1
Indebtedness - Schedule of Secured and Other Debt (Details)
$ in Thousands
1 Months Ended 3 Months Ended
Apr. 30, 2026
USD ($)
property
Mar. 31, 2025
Mar. 31, 2026
USD ($)
property
option
Dec. 31, 2025
USD ($)
Indebtedness        
Net book value of collateral     $ 3,818,886 $ 3,858,900
Senior unsecured notes, net     $ 2,442,929  
Secured Debts        
Indebtedness        
Number of properties secured | property     88  
Principal balance     $ 842,929 844,116
Net book value of collateral     1,391,051 1,406,755
Unamortized debt issuance costs     (22,780) (24,018)
Senior unsecured notes, net     $ 820,149 820,098
Secured Revolving Credit Facility Due 2029 | Secured Debts        
Indebtedness        
Number of properties secured | property     14  
Principal balance     $ 0 0
Interest rate     6.28%  
Net book value of collateral     $ 322,747 326,565
Number of extension options | option     2  
Extension term     6 months  
Senior Secured Note Due 2030 | Secured Debts        
Indebtedness        
Number of properties secured | property     36  
Principal balance     $ 375,000 375,000
Interest rate     7.25%  
Net book value of collateral     $ 398,816 402,797
Equity interest in each collateral guarantee     100.00%  
Floating Rate Mortgage Note 6.17 Percent Due March 2028 | Secured Debts        
Indebtedness        
Number of properties secured | property     14  
Principal balance     $ 140,000 140,000
Interest rate     6.17%  
Net book value of collateral     $ 141,531 142,947
Basis spread on variable rate   2.50% 2.50%  
Number of extension options | option     2  
Extension term     6 months  
Floating Rate Mortgage Note 6.17 Percent Due March 2028 | Secured Debts | Interest Rate Cap        
Indebtedness        
Derivative basis spread on variable rate     4.50%  
Mortgage Notes 6.57 Percent Due June 2030 | Secured Debts        
Indebtedness        
Number of properties secured | property     4  
Principal balance     $ 63,225 63,499
Interest rate     6.57%  
Net book value of collateral     $ 134,446 135,772
Mortgage Notes 6.86 Percent Due June 2034 | Secured Debts        
Indebtedness        
Number of properties secured | property     8  
Principal balance     $ 120,000 120,000
Interest rate     6.86%  
Net book value of collateral     $ 180,471 182,848
Mortgage Notes 6.22 Percent Due May 2035 | Secured Debts        
Indebtedness        
Number of properties secured | property     7  
Principal balance     $ 108,873 108,873
Interest rate     6.22%  
Net book value of collateral     $ 146,645 148,477
Mortgage Notes 6.36 Percent Due June 2035 | Secured Debts        
Indebtedness        
Number of properties secured | property     2  
Principal balance     $ 30,284 30,284
Interest rate     6.36%  
Net book value of collateral     $ 33,979 34,328
Mortgage Notes 6.44 Percent Due July 2043 | Secured Debts        
Indebtedness        
Number of properties secured | property     1  
Principal balance     $ 5,392 5,847
Interest rate     6.44%  
Net book value of collateral     $ 12,770 12,893
Financial Leases 7.70 Percent Due April 2026 | Secured Debts        
Indebtedness        
Number of properties secured | property     2  
Principal balance     $ 155 613
Interest rate     7.70%  
Net book value of collateral     $ 19,646 $ 20,128
Financial Leases 7.70 Percent Due April 2026 | Secured Debts | Subsequent Event        
Indebtedness        
Number of properties secured | property 2      
Finance lease purchase option $ 14,500