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Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). | text | 22637 | monetaryItemType | text: <entity> 22637 </entity> <entity type> monetaryItemType </entity type> <context> Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). </context> | us-gaap:DebtInstrumentPeriodicPayment |
Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). | text | 23270 | monetaryItemType | text: <entity> 23270 </entity> <entity type> monetaryItemType </entity type> <context> Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). </context> | us-gaap:DebtInstrumentPeriodicPayment |
Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). | text | 15396 | monetaryItemType | text: <entity> 15396 </entity> <entity type> monetaryItemType </entity type> <context> Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). </context> | us-gaap:DebtInstrumentPeriodicPayment |
Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). | text | 79198 | monetaryItemType | text: <entity> 79198 </entity> <entity type> monetaryItemType </entity type> <context> Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). </context> | us-gaap:DebtInstrumentPeriodicPayment |
Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). | text | 20194 | monetaryItemType | text: <entity> 20194 </entity> <entity type> monetaryItemType </entity type> <context> Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). </context> | us-gaap:DebtInstrumentPeriodicPayment |
Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). | text | 24008 | monetaryItemType | text: <entity> 24008 </entity> <entity type> monetaryItemType </entity type> <context> Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). </context> | us-gaap:DebtInstrumentPeriodicPayment |
Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). | text | 20855 | monetaryItemType | text: <entity> 20855 </entity> <entity type> monetaryItemType </entity type> <context> Fixed monthly payments of interest and principal until maturity as follows: 7612-7642 Woodwind Drive ($ 24,270 ), 11600 Los Nietos ($ 22,637 ), 5160 Richton Street ($ 23,270 ), 22895 Eastpark Drive ($ 15,396 ), 13943-13955 Balboa Boulevard ($ 79,198 ), 11832-11954 La Cienega Boulevard ($ 20,194 ), Gilbert/La Palma ($ 24,008 ) and 7817 Woodley Avenue ($ 20,855 ). </context> | us-gaap:DebtInstrumentPeriodicPayment |
The loan is secured by six properties and has three one-year extensions available at the borrower’s option, subject to certain terms and conditions. Loan has interest-only payment terms bearing interest at Term SOFR increased by a 0.10 % SOFR adjustment plus an applicable margin of 1.25 % per annum. Effective April 3, 2023, Term SOFR for this loan has been swapped to a fixed rate of 3.710 %, resulting in an all-in fixed rate of 5.060 % after adding the SOFR adjustment and applicable margin. | text | 0.10 | percentItemType | text: <entity> 0.10 </entity> <entity type> percentItemType </entity type> <context> The loan is secured by six properties and has three one-year extensions available at the borrower’s option, subject to certain terms and conditions. Loan has interest-only payment terms bearing interest at Term SOFR increased by a 0.10 % SOFR adjustment plus an applicable margin of 1.25 % per annum. Effective April 3, 2023, Term SOFR for this loan has been swapped to a fixed rate of 3.710 %, resulting in an all-in fixed rate of 5.060 % after adding the SOFR adjustment and applicable margin. </context> | us-gaap:DebtInstrumentInterestRateIncreaseDecrease |
The loan is secured by six properties and has three one-year extensions available at the borrower’s option, subject to certain terms and conditions. Loan has interest-only payment terms bearing interest at Term SOFR increased by a 0.10 % SOFR adjustment plus an applicable margin of 1.25 % per annum. Effective April 3, 2023, Term SOFR for this loan has been swapped to a fixed rate of 3.710 %, resulting in an all-in fixed rate of 5.060 % after adding the SOFR adjustment and applicable margin. | text | 1.25 | percentItemType | text: <entity> 1.25 </entity> <entity type> percentItemType </entity type> <context> The loan is secured by six properties and has three one-year extensions available at the borrower’s option, subject to certain terms and conditions. Loan has interest-only payment terms bearing interest at Term SOFR increased by a 0.10 % SOFR adjustment plus an applicable margin of 1.25 % per annum. Effective April 3, 2023, Term SOFR for this loan has been swapped to a fixed rate of 3.710 %, resulting in an all-in fixed rate of 5.060 % after adding the SOFR adjustment and applicable margin. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The loan is secured by six properties and has three one-year extensions available at the borrower’s option, subject to certain terms and conditions. Loan has interest-only payment terms bearing interest at Term SOFR increased by a 0.10 % SOFR adjustment plus an applicable margin of 1.25 % per annum. Effective April 3, 2023, Term SOFR for this loan has been swapped to a fixed rate of 3.710 %, resulting in an all-in fixed rate of 5.060 % after adding the SOFR adjustment and applicable margin. | text | 3.710 | percentItemType | text: <entity> 3.710 </entity> <entity type> percentItemType </entity type> <context> The loan is secured by six properties and has three one-year extensions available at the borrower’s option, subject to certain terms and conditions. Loan has interest-only payment terms bearing interest at Term SOFR increased by a 0.10 % SOFR adjustment plus an applicable margin of 1.25 % per annum. Effective April 3, 2023, Term SOFR for this loan has been swapped to a fixed rate of 3.710 %, resulting in an all-in fixed rate of 5.060 % after adding the SOFR adjustment and applicable margin. </context> | us-gaap:DerivativeAverageFixedInterestRate |
The loan is secured by six properties and has three one-year extensions available at the borrower’s option, subject to certain terms and conditions. Loan has interest-only payment terms bearing interest at Term SOFR increased by a 0.10 % SOFR adjustment plus an applicable margin of 1.25 % per annum. Effective April 3, 2023, Term SOFR for this loan has been swapped to a fixed rate of 3.710 %, resulting in an all-in fixed rate of 5.060 % after adding the SOFR adjustment and applicable margin. | text | 5.060 | percentItemType | text: <entity> 5.060 </entity> <entity type> percentItemType </entity type> <context> The loan is secured by six properties and has three one-year extensions available at the borrower’s option, subject to certain terms and conditions. Loan has interest-only payment terms bearing interest at Term SOFR increased by a 0.10 % SOFR adjustment plus an applicable margin of 1.25 % per annum. Effective April 3, 2023, Term SOFR for this loan has been swapped to a fixed rate of 3.710 %, resulting in an all-in fixed rate of 5.060 % after adding the SOFR adjustment and applicable margin. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
For 701-751 Kingshill Place, fixed monthly payments of interest only through January 2023, followed by fixed monthly payments of interest and principal ($ 33,488 ) until maturity. | text | 33488 | monetaryItemType | text: <entity> 33488 </entity> <entity type> monetaryItemType </entity type> <context> For 701-751 Kingshill Place, fixed monthly payments of interest only through January 2023, followed by fixed monthly payments of interest and principal ($ 33,488 ) until maturity. </context> | us-gaap:DebtInstrumentPeriodicPayment |
Issuance of $ 300 Million Notes Due 2028 | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> Issuance of $ 300 Million Notes Due 2028 </context> | us-gaap:DebtInstrumentCarryingAmount |
On March 28, 2023, we completed an underwritten public offering of $ 300.0 million of 5.000 % Senior Notes due 2028 (the “$300 Million Notes”). The $ 300 Million Notes were priced at 98.975 % of the principal amount, with a coupon rate of 5.000 %. Interest on the $ 300 Million Notes is payable semiannually on June 15 and December 15 in each year, beginning on June 15, 2023, until the maturity date of June 15, 2028. | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> On March 28, 2023, we completed an underwritten public offering of $ 300.0 million of 5.000 % Senior Notes due 2028 (the “$300 Million Notes”). The $ 300 Million Notes were priced at 98.975 % of the principal amount, with a coupon rate of 5.000 %. Interest on the $ 300 Million Notes is payable semiannually on June 15 and December 15 in each year, beginning on June 15, 2023, until the maturity date of June 15, 2028. </context> | us-gaap:DebtInstrumentCarryingAmount |
On March 28, 2023, we completed an underwritten public offering of $ 300.0 million of 5.000 % Senior Notes due 2028 (the “$300 Million Notes”). The $ 300 Million Notes were priced at 98.975 % of the principal amount, with a coupon rate of 5.000 %. Interest on the $ 300 Million Notes is payable semiannually on June 15 and December 15 in each year, beginning on June 15, 2023, until the maturity date of June 15, 2028. | text | 5.000 | percentItemType | text: <entity> 5.000 </entity> <entity type> percentItemType </entity type> <context> On March 28, 2023, we completed an underwritten public offering of $ 300.0 million of 5.000 % Senior Notes due 2028 (the “$300 Million Notes”). The $ 300 Million Notes were priced at 98.975 % of the principal amount, with a coupon rate of 5.000 %. Interest on the $ 300 Million Notes is payable semiannually on June 15 and December 15 in each year, beginning on June 15, 2023, until the maturity date of June 15, 2028. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On March 28, 2023, we completed an underwritten public offering of $ 300.0 million of 5.000 % Senior Notes due 2028 (the “$300 Million Notes”). The $ 300 Million Notes were priced at 98.975 % of the principal amount, with a coupon rate of 5.000 %. Interest on the $ 300 Million Notes is payable semiannually on June 15 and December 15 in each year, beginning on June 15, 2023, until the maturity date of June 15, 2028. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On March 28, 2023, we completed an underwritten public offering of $ 300.0 million of 5.000 % Senior Notes due 2028 (the “$300 Million Notes”). The $ 300 Million Notes were priced at 98.975 % of the principal amount, with a coupon rate of 5.000 %. Interest on the $ 300 Million Notes is payable semiannually on June 15 and December 15 in each year, beginning on June 15, 2023, until the maturity date of June 15, 2028. </context> | us-gaap:DebtInstrumentCarryingAmount |
We may redeem the $ 300 Million Notes at our option and sole discretion, in whole at any time or in part from time to time prior to May 15, 2028 (one month prior to the maturity date of the $ 300 Million Notes) (the “Par Call Date”), at a redemption price equal to the greater of (i) the sum of the present values of the remaining scheduled payments of principal and interest on the $ 300 Million Notes discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Third Supplemental Indenture) plus 25 basis points, less (b) interest accrued to the date of redemption, and (ii) 100 % of the principal amount of the $ 300 Million Notes being redeemed. Notwithstanding the foregoing, on or after the Par Call Date, the redemption price will be equal to 100 % of the principal amount of the $ 300 Million Notes being redeemed, plus accrued and unpaid interest. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> We may redeem the $ 300 Million Notes at our option and sole discretion, in whole at any time or in part from time to time prior to May 15, 2028 (one month prior to the maturity date of the $ 300 Million Notes) (the “Par Call Date”), at a redemption price equal to the greater of (i) the sum of the present values of the remaining scheduled payments of principal and interest on the $ 300 Million Notes discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Third Supplemental Indenture) plus 25 basis points, less (b) interest accrued to the date of redemption, and (ii) 100 % of the principal amount of the $ 300 Million Notes being redeemed. Notwithstanding the foregoing, on or after the Par Call Date, the redemption price will be equal to 100 % of the principal amount of the $ 300 Million Notes being redeemed, plus accrued and unpaid interest. </context> | us-gaap:DebtInstrumentCarryingAmount |
We may redeem the $ 300 Million Notes at our option and sole discretion, in whole at any time or in part from time to time prior to May 15, 2028 (one month prior to the maturity date of the $ 300 Million Notes) (the “Par Call Date”), at a redemption price equal to the greater of (i) the sum of the present values of the remaining scheduled payments of principal and interest on the $ 300 Million Notes discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Third Supplemental Indenture) plus 25 basis points, less (b) interest accrued to the date of redemption, and (ii) 100 % of the principal amount of the $ 300 Million Notes being redeemed. Notwithstanding the foregoing, on or after the Par Call Date, the redemption price will be equal to 100 % of the principal amount of the $ 300 Million Notes being redeemed, plus accrued and unpaid interest. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> We may redeem the $ 300 Million Notes at our option and sole discretion, in whole at any time or in part from time to time prior to May 15, 2028 (one month prior to the maturity date of the $ 300 Million Notes) (the “Par Call Date”), at a redemption price equal to the greater of (i) the sum of the present values of the remaining scheduled payments of principal and interest on the $ 300 Million Notes discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Third Supplemental Indenture) plus 25 basis points, less (b) interest accrued to the date of redemption, and (ii) 100 % of the principal amount of the $ 300 Million Notes being redeemed. Notwithstanding the foregoing, on or after the Par Call Date, the redemption price will be equal to 100 % of the principal amount of the $ 300 Million Notes being redeemed, plus accrued and unpaid interest. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
New $ 60 Million Term Loan | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> New $ 60 Million Term Loan </context> | us-gaap:DebtInstrumentCarryingAmount |
On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. | text | 60.0 | monetaryItemType | text: <entity> 60.0 </entity> <entity type> monetaryItemType </entity type> <context> On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. </context> | us-gaap:DebtInstrumentCarryingAmount |
On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. </context> | us-gaap:DebtInstrumentCarryingAmount |
On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. | text | 0.10 | percentItemType | text: <entity> 0.10 </entity> <entity type> percentItemType </entity type> <context> On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. </context> | us-gaap:DebtInstrumentInterestRateIncreaseDecrease |
On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. | text | 1.25 | percentItemType | text: <entity> 1.25 </entity> <entity type> percentItemType </entity type> <context> On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. | text | 1.00 | percentItemType | text: <entity> 1.00 </entity> <entity type> percentItemType </entity type> <context> On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. | text | 0.25 | percentItemType | text: <entity> 0.25 </entity> <entity type> percentItemType </entity type> <context> On October 27, 2022, we entered into a credit agreement for a $ 60.0 million term loan facility (the “$ 60 Million Term Loan”) that permits aggregate borrowings of up to $ 60.0 million, the total of which we borrowed the same day at closing. The $ 60 Million Term Loan is secured by six properties, matures on October 27, 2024 , and has three one-year extension options available. Interest on the $ 60 Million Term Loan is generally to be paid based upon, at our option, either (i) Term SOFR increased by a 0.10 % SOFR adjustment plus a margin of 1.25 % per annum, or (ii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, and (c) the sum of adjusted Term SOFR plus 1.00 %) plus a margin of 0.25 % per annum. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On October 27, 2022, we used the proceeds from the $ 60 Million Term Loan to repay our previous amortizing $ 60.0 million term loan in full, which had a balance of $ 57.5 million at the time of repayment. We did not incur any prepayment penalties for repaying in advance of the maturity date of August 1, 2023. In connection with the repayment of the amortizing term loan, we wrote off $ 38 thousand of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> On October 27, 2022, we used the proceeds from the $ 60 Million Term Loan to repay our previous amortizing $ 60.0 million term loan in full, which had a balance of $ 57.5 million at the time of repayment. We did not incur any prepayment penalties for repaying in advance of the maturity date of August 1, 2023. In connection with the repayment of the amortizing term loan, we wrote off $ 38 thousand of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:DebtInstrumentCarryingAmount |
On October 27, 2022, we used the proceeds from the $ 60 Million Term Loan to repay our previous amortizing $ 60.0 million term loan in full, which had a balance of $ 57.5 million at the time of repayment. We did not incur any prepayment penalties for repaying in advance of the maturity date of August 1, 2023. In connection with the repayment of the amortizing term loan, we wrote off $ 38 thousand of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 60.0 | monetaryItemType | text: <entity> 60.0 </entity> <entity type> monetaryItemType </entity type> <context> On October 27, 2022, we used the proceeds from the $ 60 Million Term Loan to repay our previous amortizing $ 60.0 million term loan in full, which had a balance of $ 57.5 million at the time of repayment. We did not incur any prepayment penalties for repaying in advance of the maturity date of August 1, 2023. In connection with the repayment of the amortizing term loan, we wrote off $ 38 thousand of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:DebtInstrumentCarryingAmount |
On October 27, 2022, we used the proceeds from the $ 60 Million Term Loan to repay our previous amortizing $ 60.0 million term loan in full, which had a balance of $ 57.5 million at the time of repayment. We did not incur any prepayment penalties for repaying in advance of the maturity date of August 1, 2023. In connection with the repayment of the amortizing term loan, we wrote off $ 38 thousand of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 57.5 | monetaryItemType | text: <entity> 57.5 </entity> <entity type> monetaryItemType </entity type> <context> On October 27, 2022, we used the proceeds from the $ 60 Million Term Loan to repay our previous amortizing $ 60.0 million term loan in full, which had a balance of $ 57.5 million at the time of repayment. We did not incur any prepayment penalties for repaying in advance of the maturity date of August 1, 2023. In connection with the repayment of the amortizing term loan, we wrote off $ 38 thousand of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:RepaymentsOfLongTermDebt |
On October 27, 2022, we used the proceeds from the $ 60 Million Term Loan to repay our previous amortizing $ 60.0 million term loan in full, which had a balance of $ 57.5 million at the time of repayment. We did not incur any prepayment penalties for repaying in advance of the maturity date of August 1, 2023. In connection with the repayment of the amortizing term loan, we wrote off $ 38 thousand of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> On October 27, 2022, we used the proceeds from the $ 60 Million Term Loan to repay our previous amortizing $ 60.0 million term loan in full, which had a balance of $ 57.5 million at the time of repayment. We did not incur any prepayment penalties for repaying in advance of the maturity date of August 1, 2023. In connection with the repayment of the amortizing term loan, we wrote off $ 38 thousand of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:WriteOffOfDeferredDebtIssuanceCost |
On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. | text | 700.0 | monetaryItemType | text: <entity> 700.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. </context> | us-gaap:DebtInstrumentCarryingAmount |
On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. </context> | us-gaap:DebtInstrumentCarryingAmount |
On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. </context> | us-gaap:DebtInstrumentCarryingAmount |
On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we amended our credit agreement, which was comprised of a $ 700.0 million unsecured revolving credit facility that was scheduled to mature on February 13, 2024, by entering into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement initially provided for (i) a senior unsecured term loan facility that permits aggregate borrowings of up to $ 300.0 million (the “$ 300 Million Term Loan”), all of which was borrowed at closing on May 26, 2022, and (ii) a senior unsecured revolving credit facility (the “Revolver”) in the aggregate principal amount of $ 1.0 billion. On July 19, 2022, we exercised the accordion option under the Credit Agreement to add a $ 400.0 million unsecured term loan (the “$ 400 Million Term Loan” and together with the $ 300 Million Term Loan, the “Term Facility”). Subject to certain terms and conditions set forth in the Credit Agreement, we may request additional lender commitments and increase the size of the Credit Agreement by an additional $ 800.0 million, which may be comprised of additional revolving commitments under the Revolver, an increase to the Term Facility, additional term loan tranches or any combination of the foregoing. </context> | us-gaap:DebtInstrumentCarryingAmount |
The Revolver is scheduled to mature on May 26, 2026 and has two six-month extension options available. The $ 400 Million Term Loan is scheduled to mature on July 19, 2024 and has two one-year extension options available. The $ 300 Million Term Loan matures on May 26, 2027. | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> The Revolver is scheduled to mature on May 26, 2026 and has two six-month extension options available. The $ 400 Million Term Loan is scheduled to mature on July 19, 2024 and has two one-year extension options available. The $ 300 Million Term Loan matures on May 26, 2027. </context> | us-gaap:DebtInstrumentCarryingAmount |
The Revolver is scheduled to mature on May 26, 2026 and has two six-month extension options available. The $ 400 Million Term Loan is scheduled to mature on July 19, 2024 and has two one-year extension options available. The $ 300 Million Term Loan matures on May 26, 2027. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> The Revolver is scheduled to mature on May 26, 2026 and has two six-month extension options available. The $ 400 Million Term Loan is scheduled to mature on July 19, 2024 and has two one-year extension options available. The $ 300 Million Term Loan matures on May 26, 2027. </context> | us-gaap:DebtInstrumentCarryingAmount |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 1.00 | percentItemType | text: <entity> 1.00 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 0.10 | percentItemType | text: <entity> 0.10 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentInterestRateIncreaseDecrease |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 0.80 | percentItemType | text: <entity> 0.80 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 1.60 | percentItemType | text: <entity> 1.60 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 0.00 | percentItemType | text: <entity> 0.00 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 0.60 | percentItemType | text: <entity> 0.60 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 0.725 | percentItemType | text: <entity> 0.725 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. | text | 1.400 | percentItemType | text: <entity> 1.400 </entity> <entity type> percentItemType </entity type> <context> Interest on the Credit Agreement is generally to be paid based upon, at our option, either (i) Term SOFR plus the applicable margin; (ii) daily SOFR plus the applicable margin or (iii) the applicable base rate (which is defined as the highest of (a) the federal funds rate plus 0.50 %, (b) the administrative agent’s prime rate, (c) Term SOFR plus 1.00 %, and (d) one percent ( 1.00 %)) plus the applicable margin. Additionally, Term SOFR and daily SOFR will be increased by a 0.10 % SOFR adjustment. The applicable margin for the Term Facility ranges from 0.80 % to 1.60 % per annum for SOFR-based loans and 0.00 % to 0.60 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. The applicable margin for the Revolver ranges from 0.725 % to 1.400 % per annum for SOFR-based loans and 0.00 % to 0.40 % per annum for base rate loans, depending on our leverage ratio and investment grade ratings. In addition to the interest payable on amounts outstanding under the Revolver, we are required to pay an applicable credit facility fee on each lender's commitment amount under the Revolver, regardless of usage. The applicable credit facility fee ranges from 0.125 % to 0.300 % per annum, depending on our leverage ratio and investment grade ratings. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
In connection with the amendment of our credit agreement, we wrote off $ 0.2 million of unamortized debt issuance costs attributable to one of the creditors departing the unsecured revolving credit facility during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the amendment of our credit agreement, we wrote off $ 0.2 million of unamortized debt issuance costs attributable to one of the creditors departing the unsecured revolving credit facility during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
On December 31, 2023, we did not have any borrowings outstanding under the Revolver, leaving $ 1.0 billion available for future borrowings. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On December 31, 2023, we did not have any borrowings outstanding under the Revolver, leaving $ 1.0 billion available for future borrowings. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
Repayment of $ 150 Million Term Loan Facility | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> Repayment of $ 150 Million Term Loan Facility </context> | us-gaap:DebtInstrumentFaceAmount |
On May 26, 2022, we used a portion of the borrowing proceeds from the $ 300 Million Term Loan to repay our $ 150.0 million unsecured term loan facility (the “$ 150 Million Term Loan”) in full. We did not incur any prepayment penalties for repaying in advance of the maturity date of May 22, 2025. In connection with the repayment of the $ 150 Million Term Loan, we wrote off $ 0.7 million of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we used a portion of the borrowing proceeds from the $ 300 Million Term Loan to repay our $ 150.0 million unsecured term loan facility (the “$ 150 Million Term Loan”) in full. We did not incur any prepayment penalties for repaying in advance of the maturity date of May 22, 2025. In connection with the repayment of the $ 150 Million Term Loan, we wrote off $ 0.7 million of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:DebtInstrumentCarryingAmount |
On May 26, 2022, we used a portion of the borrowing proceeds from the $ 300 Million Term Loan to repay our $ 150.0 million unsecured term loan facility (the “$ 150 Million Term Loan”) in full. We did not incur any prepayment penalties for repaying in advance of the maturity date of May 22, 2025. In connection with the repayment of the $ 150 Million Term Loan, we wrote off $ 0.7 million of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 150.0 | monetaryItemType | text: <entity> 150.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we used a portion of the borrowing proceeds from the $ 300 Million Term Loan to repay our $ 150.0 million unsecured term loan facility (the “$ 150 Million Term Loan”) in full. We did not incur any prepayment penalties for repaying in advance of the maturity date of May 22, 2025. In connection with the repayment of the $ 150 Million Term Loan, we wrote off $ 0.7 million of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:DebtInstrumentFaceAmount |
On May 26, 2022, we used a portion of the borrowing proceeds from the $ 300 Million Term Loan to repay our $ 150.0 million unsecured term loan facility (the “$ 150 Million Term Loan”) in full. We did not incur any prepayment penalties for repaying in advance of the maturity date of May 22, 2025. In connection with the repayment of the $ 150 Million Term Loan, we wrote off $ 0.7 million of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we used a portion of the borrowing proceeds from the $ 300 Million Term Loan to repay our $ 150.0 million unsecured term loan facility (the “$ 150 Million Term Loan”) in full. We did not incur any prepayment penalties for repaying in advance of the maturity date of May 22, 2025. In connection with the repayment of the $ 150 Million Term Loan, we wrote off $ 0.7 million of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:DebtInstrumentFaceAmount |
On May 26, 2022, we used a portion of the borrowing proceeds from the $ 300 Million Term Loan to repay our $ 150.0 million unsecured term loan facility (the “$ 150 Million Term Loan”) in full. We did not incur any prepayment penalties for repaying in advance of the maturity date of May 22, 2025. In connection with the repayment of the $ 150 Million Term Loan, we wrote off $ 0.7 million of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. | text | 0.7 | monetaryItemType | text: <entity> 0.7 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, we used a portion of the borrowing proceeds from the $ 300 Million Term Loan to repay our $ 150.0 million unsecured term loan facility (the “$ 150 Million Term Loan”) in full. We did not incur any prepayment penalties for repaying in advance of the maturity date of May 22, 2025. In connection with the repayment of the $ 150 Million Term Loan, we wrote off $ 0.7 million of unamortized debt issuance costs during the year ended December 31, 2022. This write-off is included in “Loss on extinguishment of debt” in the accompanying consolidated statements of operations. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: </context> | us-gaap:DebtInstrumentCarryingAmount |
The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: | text | 100.0 | monetaryItemType | text: <entity> 100.0 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: </context> | us-gaap:DebtInstrumentFaceAmount |
The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: </context> | us-gaap:DebtInstrumentFaceAmount |
The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: | text | 125.0 | monetaryItemType | text: <entity> 125.0 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: </context> | us-gaap:DebtInstrumentFaceAmount |
The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: | text | 125 | monetaryItemType | text: <entity> 125 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: </context> | us-gaap:DebtInstrumentFaceAmount |
The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: | text | 25.0 | monetaryItemType | text: <entity> 25.0 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: </context> | us-gaap:DebtInstrumentFaceAmount |
The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: | text | 75.0 | monetaryItemType | text: <entity> 75.0 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement, $ 60 Million Term Loan, $ 100.0 million unsecured guaranteed senior notes (the “$ 100 Million Notes”), $ 125.0 million unsecured guaranteed senior notes (the “$ 125 Million Notes”) and $ 25.0 million unsecured guaranteed senior notes and $ 75.0 million unsecured guaranteed senior notes (together the “Series 2019A and 2019B Notes”) all include a series of financial and other covenants that we must comply with, including the following covenants which are tested on a quarterly basis: </context> | us-gaap:DebtInstrumentFaceAmount |
For the Credit Agreement and $ 60 Million Term Loan, maintaining a ratio of secured debt to total asset value of not more than 45 %; | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> For the Credit Agreement and $ 60 Million Term Loan, maintaining a ratio of secured debt to total asset value of not more than 45 %; </context> | us-gaap:DebtInstrumentCarryingAmount |
For the $ 100 Million Notes, $ 125 Million Notes and Series 2019A and 2019B Notes (together the “Senior Notes”), maintaining a ratio of secured debt to total asset value of not more than 40 %; | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> For the $ 100 Million Notes, $ 125 Million Notes and Series 2019A and 2019B Notes (together the “Senior Notes”), maintaining a ratio of secured debt to total asset value of not more than 40 %; </context> | us-gaap:DebtInstrumentFaceAmount |
For the $ 100 Million Notes, $ 125 Million Notes and Series 2019A and 2019B Notes (together the “Senior Notes”), maintaining a ratio of secured debt to total asset value of not more than 40 %; | text | 125 | monetaryItemType | text: <entity> 125 </entity> <entity type> monetaryItemType </entity type> <context> For the $ 100 Million Notes, $ 125 Million Notes and Series 2019A and 2019B Notes (together the “Senior Notes”), maintaining a ratio of secured debt to total asset value of not more than 40 %; </context> | us-gaap:DebtInstrumentFaceAmount |
The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: </context> | us-gaap:DebtInstrumentCarryingAmount |
The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: </context> | us-gaap:DebtInstrumentFaceAmount |
The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: | text | 2.125 | percentItemType | text: <entity> 2.125 </entity> <entity type> percentItemType </entity type> <context> The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: </context> | us-gaap:DebtInstrumentFaceAmount |
The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: | text | 2.150 | percentItemType | text: <entity> 2.150 </entity> <entity type> percentItemType </entity type> <context> The $ 300 Million Notes, $ 400.0 million of 2.125 % Senior Notes due 2030 and $ 400 million of 2.150 % Senior Notes due 2031 (together the “Registered Notes”) contain the following covenants (as defined in the indentures) that we must comply with: </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Subject to the terms of the Credit Agreement, $ 60 Million Term Loan, Senior Notes and Registered Notes, upon certain events of default, including, but not limited to, (i) a default in the payment of any principal or interest, (ii) a default in the payment of certain of our other indebtedness, and (iii) a default in compliance with the covenants set forth in the debt agreement, the principal and accrued and unpaid interest on the outstanding debt may be declared immediately due and payable at the option of the administrative agent, lenders, trustee and/or noteholders, as applicable, and in the event of bankruptcy and other insolvency defaults, the principal and accrued and unpaid interest on the outstanding debt will become immediately due and payable. In addition, we are required to maintain at all times a credit rating on the Senior Notes from either Standard and Poor’s Ratings | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> Subject to the terms of the Credit Agreement, $ 60 Million Term Loan, Senior Notes and Registered Notes, upon certain events of default, including, but not limited to, (i) a default in the payment of any principal or interest, (ii) a default in the payment of certain of our other indebtedness, and (iii) a default in compliance with the covenants set forth in the debt agreement, the principal and accrued and unpaid interest on the outstanding debt may be declared immediately due and payable at the option of the administrative agent, lenders, trustee and/or noteholders, as applicable, and in the event of bankruptcy and other insolvency defaults, the principal and accrued and unpaid interest on the outstanding debt will become immediately due and payable. In addition, we are required to maintain at all times a credit rating on the Senior Notes from either Standard and Poor’s Ratings </context> | us-gaap:DebtInstrumentCarryingAmount |
For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. | text | 626.7 | monetaryItemType | text: <entity> 626.7 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. </context> | us-gaap:OperatingLeaseLeaseIncomeLeasePayments |
For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. | text | 135.3 | monetaryItemType | text: <entity> 135.3 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. </context> | us-gaap:OperatingLeaseVariableLeaseIncome |
For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. | text | 491.1 | monetaryItemType | text: <entity> 491.1 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. </context> | us-gaap:OperatingLeaseLeaseIncomeLeasePayments |
For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. | text | 108.2 | monetaryItemType | text: <entity> 108.2 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. </context> | us-gaap:OperatingLeaseVariableLeaseIncome |
For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. | text | 360.2 | monetaryItemType | text: <entity> 360.2 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. </context> | us-gaap:OperatingLeaseLeaseIncomeLeasePayments |
For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. | text | 76.1 | monetaryItemType | text: <entity> 76.1 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, we recognized $ 762.1 million of rental income related to operating lease payments of which $ 626.7 million was for fixed lease payments and $ 135.3 million was for variable lease payments. For the year ended December 31, 2022, we recognized $ 599.2 million of rental income related to operating lease payments of which $ 491.1 million was for fixed lease payments and $ 108.2 million was for variable lease payments. For the year ended December 31, 2021, we recognized $ 436.3 million of rental income related to operating lease payments of which $ 360.2 million was for fixed lease payments and $ 76.1 million was for variable lease payments. </context> | us-gaap:OperatingLeaseVariableLeaseIncome |
In November 2021, we executed a sublease agreement for one of our leased office spaces as a result of the implementation of a work from home flexibility program in 2021. The term of the sublease was for a period of three years and 9 months (expiring in September 2025). Upon executing the sublease agreement, we reviewed the ROU asset and other assets associated with the original office space lease for recoverability and determined that the total carrying amount of these assets exceeded the undiscounted cash flows generated by the sublease income over the lease term. Accordingly, the carrying value of these assets were written down to fair value and we recorded a $ 1.0 million impairment charge in the year ended December 31, 2021. In February 2023, the sublease was early terminated resulting in further impairment charge of $ 0.2 million recorded in the year ended December 31, 2023. These impairment charges are included in “Other expenses” in the accompanying consolidated statements of operations, with a corresponding adjustment to “Other assets” in the consolidated balance sheets. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> In November 2021, we executed a sublease agreement for one of our leased office spaces as a result of the implementation of a work from home flexibility program in 2021. The term of the sublease was for a period of three years and 9 months (expiring in September 2025). Upon executing the sublease agreement, we reviewed the ROU asset and other assets associated with the original office space lease for recoverability and determined that the total carrying amount of these assets exceeded the undiscounted cash flows generated by the sublease income over the lease term. Accordingly, the carrying value of these assets were written down to fair value and we recorded a $ 1.0 million impairment charge in the year ended December 31, 2021. In February 2023, the sublease was early terminated resulting in further impairment charge of $ 0.2 million recorded in the year ended December 31, 2023. These impairment charges are included in “Other expenses” in the accompanying consolidated statements of operations, with a corresponding adjustment to “Other assets” in the consolidated balance sheets. </context> | us-gaap:OperatingLeaseImpairmentLoss |
In November 2021, we executed a sublease agreement for one of our leased office spaces as a result of the implementation of a work from home flexibility program in 2021. The term of the sublease was for a period of three years and 9 months (expiring in September 2025). Upon executing the sublease agreement, we reviewed the ROU asset and other assets associated with the original office space lease for recoverability and determined that the total carrying amount of these assets exceeded the undiscounted cash flows generated by the sublease income over the lease term. Accordingly, the carrying value of these assets were written down to fair value and we recorded a $ 1.0 million impairment charge in the year ended December 31, 2021. In February 2023, the sublease was early terminated resulting in further impairment charge of $ 0.2 million recorded in the year ended December 31, 2023. These impairment charges are included in “Other expenses” in the accompanying consolidated statements of operations, with a corresponding adjustment to “Other assets” in the consolidated balance sheets. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> In November 2021, we executed a sublease agreement for one of our leased office spaces as a result of the implementation of a work from home flexibility program in 2021. The term of the sublease was for a period of three years and 9 months (expiring in September 2025). Upon executing the sublease agreement, we reviewed the ROU asset and other assets associated with the original office space lease for recoverability and determined that the total carrying amount of these assets exceeded the undiscounted cash flows generated by the sublease income over the lease term. Accordingly, the carrying value of these assets were written down to fair value and we recorded a $ 1.0 million impairment charge in the year ended December 31, 2021. In February 2023, the sublease was early terminated resulting in further impairment charge of $ 0.2 million recorded in the year ended December 31, 2023. These impairment charges are included in “Other expenses” in the accompanying consolidated statements of operations, with a corresponding adjustment to “Other assets” in the consolidated balance sheets. </context> | us-gaap:OperatingLeaseImpairmentLoss |
As of December 31, 2023, total ROU assets and lease liabilities were approximately $ 7.0 million and $ 8.9 million, respectively. As of December 31, 2022, total ROU assets and lease liabilities were approximately $ 8.5 million and $ 10.9 million, respectively. | text | 7.0 | monetaryItemType | text: <entity> 7.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, total ROU assets and lease liabilities were approximately $ 7.0 million and $ 8.9 million, respectively. As of December 31, 2022, total ROU assets and lease liabilities were approximately $ 8.5 million and $ 10.9 million, respectively. </context> | us-gaap:OperatingLeaseRightOfUseAsset |
As of December 31, 2023, total ROU assets and lease liabilities were approximately $ 7.0 million and $ 8.9 million, respectively. As of December 31, 2022, total ROU assets and lease liabilities were approximately $ 8.5 million and $ 10.9 million, respectively. | text | 8.9 | monetaryItemType | text: <entity> 8.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, total ROU assets and lease liabilities were approximately $ 7.0 million and $ 8.9 million, respectively. As of December 31, 2022, total ROU assets and lease liabilities were approximately $ 8.5 million and $ 10.9 million, respectively. </context> | us-gaap:OperatingLeaseLiability |
As of December 31, 2023, total ROU assets and lease liabilities were approximately $ 7.0 million and $ 8.9 million, respectively. As of December 31, 2022, total ROU assets and lease liabilities were approximately $ 8.5 million and $ 10.9 million, respectively. | text | 8.5 | monetaryItemType | text: <entity> 8.5 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, total ROU assets and lease liabilities were approximately $ 7.0 million and $ 8.9 million, respectively. As of December 31, 2022, total ROU assets and lease liabilities were approximately $ 8.5 million and $ 10.9 million, respectively. </context> | us-gaap:OperatingLeaseRightOfUseAsset |
As of December 31, 2023, total ROU assets and lease liabilities were approximately $ 7.0 million and $ 8.9 million, respectively. As of December 31, 2022, total ROU assets and lease liabilities were approximately $ 8.5 million and $ 10.9 million, respectively. | text | 10.9 | monetaryItemType | text: <entity> 10.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, total ROU assets and lease liabilities were approximately $ 7.0 million and $ 8.9 million, respectively. As of December 31, 2022, total ROU assets and lease liabilities were approximately $ 8.5 million and $ 10.9 million, respectively. </context> | us-gaap:OperatingLeaseLiability |
On March 28, 2023, in connection with the issuance of the $ 300 Million Notes, we executed three treasury rate lock agreements with a combined notional amount of $ 250.0 million to lock the interest rate of the five-year treasury at 3.64313 % (the “T-Locks”). On March 29, 2023, we paid $ 0.2 million to settle the T-Locks, which were designated as a cash flow hedges. The settlement value is included in the balance of AOCI and will be amortized into interest expense on a straight-line basis over the 5-year term of the $ 300 Million Notes. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On March 28, 2023, in connection with the issuance of the $ 300 Million Notes, we executed three treasury rate lock agreements with a combined notional amount of $ 250.0 million to lock the interest rate of the five-year treasury at 3.64313 % (the “T-Locks”). On March 29, 2023, we paid $ 0.2 million to settle the T-Locks, which were designated as a cash flow hedges. The settlement value is included in the balance of AOCI and will be amortized into interest expense on a straight-line basis over the 5-year term of the $ 300 Million Notes. </context> | us-gaap:DebtInstrumentCarryingAmount |
On March 28, 2023, in connection with the issuance of the $ 300 Million Notes, we executed three treasury rate lock agreements with a combined notional amount of $ 250.0 million to lock the interest rate of the five-year treasury at 3.64313 % (the “T-Locks”). On March 29, 2023, we paid $ 0.2 million to settle the T-Locks, which were designated as a cash flow hedges. The settlement value is included in the balance of AOCI and will be amortized into interest expense on a straight-line basis over the 5-year term of the $ 300 Million Notes. | text | 250.0 | monetaryItemType | text: <entity> 250.0 </entity> <entity type> monetaryItemType </entity type> <context> On March 28, 2023, in connection with the issuance of the $ 300 Million Notes, we executed three treasury rate lock agreements with a combined notional amount of $ 250.0 million to lock the interest rate of the five-year treasury at 3.64313 % (the “T-Locks”). On March 29, 2023, we paid $ 0.2 million to settle the T-Locks, which were designated as a cash flow hedges. The settlement value is included in the balance of AOCI and will be amortized into interest expense on a straight-line basis over the 5-year term of the $ 300 Million Notes. </context> | us-gaap:DerivativeNotionalAmount |
On March 28, 2023, in connection with the issuance of the $ 300 Million Notes, we executed three treasury rate lock agreements with a combined notional amount of $ 250.0 million to lock the interest rate of the five-year treasury at 3.64313 % (the “T-Locks”). On March 29, 2023, we paid $ 0.2 million to settle the T-Locks, which were designated as a cash flow hedges. The settlement value is included in the balance of AOCI and will be amortized into interest expense on a straight-line basis over the 5-year term of the $ 300 Million Notes. | text | 3.64313 | percentItemType | text: <entity> 3.64313 </entity> <entity type> percentItemType </entity type> <context> On March 28, 2023, in connection with the issuance of the $ 300 Million Notes, we executed three treasury rate lock agreements with a combined notional amount of $ 250.0 million to lock the interest rate of the five-year treasury at 3.64313 % (the “T-Locks”). On March 29, 2023, we paid $ 0.2 million to settle the T-Locks, which were designated as a cash flow hedges. The settlement value is included in the balance of AOCI and will be amortized into interest expense on a straight-line basis over the 5-year term of the $ 300 Million Notes. </context> | us-gaap:DerivativeAverageFixedInterestRate |
On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. | text | four | integerItemType | text: <entity> four </entity> <entity type> integerItemType </entity type> <context> On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. </context> | us-gaap:DerivativeNumberOfInstrumentsHeld |
On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. </context> | us-gaap:DerivativeNotionalAmount |
On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. | text | 3.97231 | percentItemType | text: <entity> 3.97231 </entity> <entity type> percentItemType </entity type> <context> On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. </context> | us-gaap:DerivativeAverageFixedInterestRate |
On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. | text | 60.0 | monetaryItemType | text: <entity> 60.0 </entity> <entity type> monetaryItemType </entity type> <context> On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. </context> | us-gaap:DerivativeNotionalAmount |
On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. | text | 3.71 | percentItemType | text: <entity> 3.71 </entity> <entity type> percentItemType </entity type> <context> On March 21, 2023, we executed four forward starting interest rate swap transactions with an aggregate notional value of $ 400.0 million to manage our exposure to changes in daily SOFR related to a portion of our variable-rate debt. These swaps, which became effective on April 3, 2023 and mature on June 30, 2025, fix daily SOFR at a weighted average rate of 3.97231 %. In addition, we also executed an interest rate swap transaction with a notional value of $ 60.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. This swap, which became effective on April 3, 2023 and matures on July 30, 2026, fixes Term SOFR at a rate of 3.71 %. We have designated these interest rate swaps as cash flow hedges. </context> | us-gaap:DerivativeAverageFixedInterestRate |
On July 21, 2022, we executed five interest rate swap transactions with an aggregate notional value of $ 300.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. These swaps, which became effective commencing on July 27, 2022 and mature on May 26, 2027, currently fix Term SOFR at a weighted average rate of 2.81725 %. We have designated these interest rate swaps as cash flow hedges. | text | five | integerItemType | text: <entity> five </entity> <entity type> integerItemType </entity type> <context> On July 21, 2022, we executed five interest rate swap transactions with an aggregate notional value of $ 300.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. These swaps, which became effective commencing on July 27, 2022 and mature on May 26, 2027, currently fix Term SOFR at a weighted average rate of 2.81725 %. We have designated these interest rate swaps as cash flow hedges. </context> | us-gaap:DerivativeNumberOfInstrumentsHeld |
On July 21, 2022, we executed five interest rate swap transactions with an aggregate notional value of $ 300.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. These swaps, which became effective commencing on July 27, 2022 and mature on May 26, 2027, currently fix Term SOFR at a weighted average rate of 2.81725 %. We have designated these interest rate swaps as cash flow hedges. | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> On July 21, 2022, we executed five interest rate swap transactions with an aggregate notional value of $ 300.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. These swaps, which became effective commencing on July 27, 2022 and mature on May 26, 2027, currently fix Term SOFR at a weighted average rate of 2.81725 %. We have designated these interest rate swaps as cash flow hedges. </context> | us-gaap:DerivativeNotionalAmount |
On July 21, 2022, we executed five interest rate swap transactions with an aggregate notional value of $ 300.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. These swaps, which became effective commencing on July 27, 2022 and mature on May 26, 2027, currently fix Term SOFR at a weighted average rate of 2.81725 %. We have designated these interest rate swaps as cash flow hedges. | text | 2.81725 | percentItemType | text: <entity> 2.81725 </entity> <entity type> percentItemType </entity type> <context> On July 21, 2022, we executed five interest rate swap transactions with an aggregate notional value of $ 300.0 million to manage our exposure to changes in Term SOFR related to a portion of our variable-rate debt. These swaps, which became effective commencing on July 27, 2022 and mature on May 26, 2027, currently fix Term SOFR at a weighted average rate of 2.81725 %. We have designated these interest rate swaps as cash flow hedges. </context> | us-gaap:DerivativeAverageFixedInterestRate |
On May 26, 2022, in conjunction with the repayment of the $ 150 Million Term Loan, we paid $ 0.6 million to terminate the interest rate swap that was used to hedge the monthly cash flows associated with $ 150.0 million of LIBOR-based variable-rate debt, and which had an unrealized loss balance of $ 0.6 million in AOCI at the time of termination. We are amortizing the loss on this transaction from AOCI into interest expense on a straight-line basis over the period beginning from the termination date of the interest rate swap (May 26, 2022) through the original maturity date of the interest rate swap (November 22, 2024). | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, in conjunction with the repayment of the $ 150 Million Term Loan, we paid $ 0.6 million to terminate the interest rate swap that was used to hedge the monthly cash flows associated with $ 150.0 million of LIBOR-based variable-rate debt, and which had an unrealized loss balance of $ 0.6 million in AOCI at the time of termination. We are amortizing the loss on this transaction from AOCI into interest expense on a straight-line basis over the period beginning from the termination date of the interest rate swap (May 26, 2022) through the original maturity date of the interest rate swap (November 22, 2024). </context> | us-gaap:DebtInstrumentFaceAmount |
On May 26, 2022, in conjunction with the repayment of the $ 150 Million Term Loan, we paid $ 0.6 million to terminate the interest rate swap that was used to hedge the monthly cash flows associated with $ 150.0 million of LIBOR-based variable-rate debt, and which had an unrealized loss balance of $ 0.6 million in AOCI at the time of termination. We are amortizing the loss on this transaction from AOCI into interest expense on a straight-line basis over the period beginning from the termination date of the interest rate swap (May 26, 2022) through the original maturity date of the interest rate swap (November 22, 2024). | text | 150.0 | monetaryItemType | text: <entity> 150.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, in conjunction with the repayment of the $ 150 Million Term Loan, we paid $ 0.6 million to terminate the interest rate swap that was used to hedge the monthly cash flows associated with $ 150.0 million of LIBOR-based variable-rate debt, and which had an unrealized loss balance of $ 0.6 million in AOCI at the time of termination. We are amortizing the loss on this transaction from AOCI into interest expense on a straight-line basis over the period beginning from the termination date of the interest rate swap (May 26, 2022) through the original maturity date of the interest rate swap (November 22, 2024). </context> | us-gaap:DebtInstrumentCarryingAmount |
On May 26, 2022, in conjunction with the repayment of the $ 150 Million Term Loan, we paid $ 0.6 million to terminate the interest rate swap that was used to hedge the monthly cash flows associated with $ 150.0 million of LIBOR-based variable-rate debt, and which had an unrealized loss balance of $ 0.6 million in AOCI at the time of termination. We are amortizing the loss on this transaction from AOCI into interest expense on a straight-line basis over the period beginning from the termination date of the interest rate swap (May 26, 2022) through the original maturity date of the interest rate swap (November 22, 2024). | text | 0.6 | monetaryItemType | text: <entity> 0.6 </entity> <entity type> monetaryItemType </entity type> <context> On May 26, 2022, in conjunction with the repayment of the $ 150 Million Term Loan, we paid $ 0.6 million to terminate the interest rate swap that was used to hedge the monthly cash flows associated with $ 150.0 million of LIBOR-based variable-rate debt, and which had an unrealized loss balance of $ 0.6 million in AOCI at the time of termination. We are amortizing the loss on this transaction from AOCI into interest expense on a straight-line basis over the period beginning from the termination date of the interest rate swap (May 26, 2022) through the original maturity date of the interest rate swap (November 22, 2024). </context> | us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax |
As of December 31, 2023, we estimate that approximately $ 8.3 million of net unrealized gains will be reclassified from AOCI into earnings as a net decrease to interest expense over the next twelve months. | text | 8.3 | monetaryItemType | text: <entity> 8.3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, we estimate that approximately $ 8.3 million of net unrealized gains will be reclassified from AOCI into earnings as a net decrease to interest expense over the next twelve months. </context> | us-gaap:InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet |
We engage in transactions with Howard Schwimmer, our Co-Chief Executive Officer, earning management fees and leasing commissions from entities controlled individually by Mr. Schwimmer. Fees and commissions earned from these entities are included in “Management and leasing services” in the consolidated statements of operations. We recorded $ 0.7 million, $ 0.6 million and $ 0.5 million during the years ended December 31, 2023, 2022 and 2021, respectively, in management and leasing services revenue. | text | 0.7 | monetaryItemType | text: <entity> 0.7 </entity> <entity type> monetaryItemType </entity type> <context> We engage in transactions with Howard Schwimmer, our Co-Chief Executive Officer, earning management fees and leasing commissions from entities controlled individually by Mr. Schwimmer. Fees and commissions earned from these entities are included in “Management and leasing services” in the consolidated statements of operations. We recorded $ 0.7 million, $ 0.6 million and $ 0.5 million during the years ended December 31, 2023, 2022 and 2021, respectively, in management and leasing services revenue. </context> | us-gaap:Revenues |
We engage in transactions with Howard Schwimmer, our Co-Chief Executive Officer, earning management fees and leasing commissions from entities controlled individually by Mr. Schwimmer. Fees and commissions earned from these entities are included in “Management and leasing services” in the consolidated statements of operations. We recorded $ 0.7 million, $ 0.6 million and $ 0.5 million during the years ended December 31, 2023, 2022 and 2021, respectively, in management and leasing services revenue. | text | 0.6 | monetaryItemType | text: <entity> 0.6 </entity> <entity type> monetaryItemType </entity type> <context> We engage in transactions with Howard Schwimmer, our Co-Chief Executive Officer, earning management fees and leasing commissions from entities controlled individually by Mr. Schwimmer. Fees and commissions earned from these entities are included in “Management and leasing services” in the consolidated statements of operations. We recorded $ 0.7 million, $ 0.6 million and $ 0.5 million during the years ended December 31, 2023, 2022 and 2021, respectively, in management and leasing services revenue. </context> | us-gaap:Revenues |
We engage in transactions with Howard Schwimmer, our Co-Chief Executive Officer, earning management fees and leasing commissions from entities controlled individually by Mr. Schwimmer. Fees and commissions earned from these entities are included in “Management and leasing services” in the consolidated statements of operations. We recorded $ 0.7 million, $ 0.6 million and $ 0.5 million during the years ended December 31, 2023, 2022 and 2021, respectively, in management and leasing services revenue. | text | 0.5 | monetaryItemType | text: <entity> 0.5 </entity> <entity type> monetaryItemType </entity type> <context> We engage in transactions with Howard Schwimmer, our Co-Chief Executive Officer, earning management fees and leasing commissions from entities controlled individually by Mr. Schwimmer. Fees and commissions earned from these entities are included in “Management and leasing services” in the consolidated statements of operations. We recorded $ 0.7 million, $ 0.6 million and $ 0.5 million during the years ended December 31, 2023, 2022 and 2021, respectively, in management and leasing services revenue. </context> | us-gaap:Revenues |
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