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—Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 0.9 million, $ 1.9 million, and $ 1.1 million for the years ended December 31, 2024, 2023, and 2022, respectively.
text
0.9
monetaryItemType
text: <entity> 0.9 </entity> <entity type> monetaryItemType </entity type> <context> —Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 0.9 million, $ 1.9 million, and $ 1.1 million fo...
us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
—Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 0.9 million, $ 1.9 million, and $ 1.1 million for the years ended December 31, 2024, 2023, and 2022, respectively.
text
1.9
monetaryItemType
text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> —Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 0.9 million, $ 1.9 million, and $ 1.1 million fo...
us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
—Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 0.9 million, $ 1.9 million, and $ 1.1 million for the years ended December 31, 2024, 2023, and 2022, respectively.
text
1.1
monetaryItemType
text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> —Stock issuance costs are offset against stock issuance proceeds and capitalized as a component of APIC on the consolidated balance sheets. We had stock issuance costs of approximately $ 0.9 million, $ 1.9 million, and $ 1.1 million fo...
us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
—Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. Deferred financing expenses related to our term loan facilities and mortgages are in Debt Obligations, Net, while deferred financing e...
text
13.8
monetaryItemType
text: <entity> 13.8 </entity> <entity type> monetaryItemType </entity type> <context> —Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. Deferred financing expenses related to our term ...
us-gaap:AccumulatedAmortizationDeferredFinanceCosts
—Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. Deferred financing expenses related to our term loan facilities and mortgages are in Debt Obligations, Net, while deferred financing e...
text
15.9
monetaryItemType
text: <entity> 15.9 </entity> <entity type> monetaryItemType </entity type> <context> —Deferred financing expenses are capitalized and amortized on a straight-line basis over the term of the related financing arrangement, which approximates the effective interest method. Deferred financing expenses related to our term ...
us-gaap:AccumulatedAmortizationDeferredFinanceCosts
Lease receivables are reviewed continually to determine whether or not it is probable that we will realize substantially all remaining lease payments for each of our tenants (i.e., whether a tenant is deemed to be a credit risk). Additionally, we record a general reserve based on our review of operating lease receivabl...
text
2.2
monetaryItemType
text: <entity> 2.2 </entity> <entity type> monetaryItemType </entity type> <context> Lease receivables are reviewed continually to determine whether or not it is probable that we will realize substantially all remaining lease payments for each of our tenants (i.e., whether a tenant is deemed to be a credit risk). Addit...
us-gaap:AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
Lease receivables are reviewed continually to determine whether or not it is probable that we will realize substantially all remaining lease payments for each of our tenants (i.e., whether a tenant is deemed to be a credit risk). Additionally, we record a general reserve based on our review of operating lease receivabl...
text
1.9
monetaryItemType
text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> Lease receivables are reviewed continually to determine whether or not it is probable that we will realize substantially all remaining lease payments for each of our tenants (i.e., whether a tenant is deemed to be a credit risk). Addit...
us-gaap:AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2024. As of December 31, 2024, our wholly-owned real estate investments in Florida, California, and Texas represented 12.0 %, 10.7 %, and 10.2 % of our ABR, respectively. As a result, the geographic concentration of ...
text
12.0
percentItemType
text: <entity> 12.0 </entity> <entity type> percentItemType </entity type> <context> No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2024. As of December 31, 2024, our wholly-owned real estate investments in Florida, California, and Texas represented 12.0 %, 10.7 ...
us-gaap:ConcentrationRiskPercentage1
No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2024. As of December 31, 2024, our wholly-owned real estate investments in Florida, California, and Texas represented 12.0 %, 10.7 %, and 10.2 % of our ABR, respectively. As a result, the geographic concentration of ...
text
10.7
percentItemType
text: <entity> 10.7 </entity> <entity type> percentItemType </entity type> <context> No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2024. As of December 31, 2024, our wholly-owned real estate investments in Florida, California, and Texas represented 12.0 %, 10.7 ...
us-gaap:ConcentrationRiskPercentage1
No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2024. As of December 31, 2024, our wholly-owned real estate investments in Florida, California, and Texas represented 12.0 %, 10.7 %, and 10.2 % of our ABR, respectively. As a result, the geographic concentration of ...
text
10.2
percentItemType
text: <entity> 10.2 </entity> <entity type> percentItemType </entity type> <context> No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of December 31, 2024. As of December 31, 2024, our wholly-owned real estate investments in Florida, California, and Texas represented 12.0 %, 10.7 ...
us-gaap:ConcentrationRiskPercentage1
As of December 31, 2024, the weighted-average remaining lease term was approximately 2.3 years for finance leases and 20.1 years for operating leases. The weighted-average discount rate was 5.4 % for finance leases and 4.7 % for operating leases.
text
5.4
percentItemType
text: <entity> 5.4 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, the weighted-average remaining lease term was approximately 2.3 years for finance leases and 20.1 years for operating leases. The weighted-average discount rate was 5.4 % for finance leases and 4.7 % for operati...
us-gaap:FinanceLeaseWeightedAverageDiscountRatePercent
As of December 31, 2024, the weighted-average remaining lease term was approximately 2.3 years for finance leases and 20.1 years for operating leases. The weighted-average discount rate was 5.4 % for finance leases and 4.7 % for operating leases.
text
4.7
percentItemType
text: <entity> 4.7 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, the weighted-average remaining lease term was approximately 2.3 years for finance leases and 20.1 years for operating leases. The weighted-average discount rate was 5.4 % for finance leases and 4.7 % for operati...
us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent
- In late September and early October 2024, Hurricanes Helene and Milton struck the southeast United States and caused various amounts of damage to our properties located in the region. During 2024, we recorded gross cumulative accelerated depreciation of $ 1.4 million.
text
1.4
monetaryItemType
text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> - In late September and early October 2024, Hurricanes Helene and Milton struck the southeast United States and caused various amounts of damage to our properties located in the region. During 2024, we recorded gross cumulative acceler...
us-gaap:Depreciation
—In November 2018, a joint venture named GRP I was formed between subsidiaries of our company and The Northwestern Mutual Life Insurance Company (“Northwestern Mutual”), with our company holding a 15 % ownership interest. The joint venture is set to expire ten years after the date of the agreement, unless otherwise ext...
text
15
percentItemType
text: <entity> 15 </entity> <entity type> percentItemType </entity type> <context> —In November 2018, a joint venture named GRP I was formed between subsidiaries of our company and The Northwestern Mutual Life Insurance Company (“Northwestern Mutual”), with our company holding a 15 % ownership interest. The joint ventu...
us-gaap:EquityMethodInvestmentOwnershipPercentage
—In November 2018, a joint venture named GRP I was formed between subsidiaries of our company and The Northwestern Mutual Life Insurance Company (“Northwestern Mutual”), with our company holding a 15 % ownership interest. The joint venture is set to expire ten years after the date of the agreement, unless otherwise ext...
text
10
percentItemType
text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> —In November 2018, a joint venture named GRP I was formed between subsidiaries of our company and The Northwestern Mutual Life Insurance Company (“Northwestern Mutual”), with our company holding a 15 % ownership interest. The joint ventu...
us-gaap:EquityMethodInvestmentOwnershipPercentage
through a merger. In October 2020, GRP I acquired GRP II, resulting in our ownership interest in GRP I being adjusted to approximately 14 %.
text
14
percentItemType
text: <entity> 14 </entity> <entity type> percentItemType </entity type> <context> through a merger. In October 2020, GRP I acquired GRP II, resulting in our ownership interest in GRP I being adjusted to approximately 14 %. </context>
us-gaap:EquityMethodInvestmentOwnershipPercentage
—As of December 31, 2024, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2025 unl...
text
20
percentItemType
text: <entity> 20 </entity> <entity type> percentItemType </entity type> <context> —As of December 31, 2024, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center...
us-gaap:EquityMethodInvestmentOwnershipPercentage
—As of December 31, 2024, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2025 unl...
text
0.1
monetaryItemType
text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> —As of December 31, 2024, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Cent...
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
—As of December 31, 2024, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Center REIT II, Inc. and an affiliate of TPG Real Estate and is set to expire in 2025 unl...
text
2.7
monetaryItemType
text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> —As of December 31, 2024, we owned a 20 % equity interest in Necessity Retail Partners (“NRP”). NRP was initially formed in March 2016 pursuant to the terms of a joint venture agreement, as amended, between Phillips Edison Grocery Cent...
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
—In July 2024, through a subsidiary, we entered into a joint venture agreement with an affiliate of Cohen & Steers Income Opportunities REIT, Inc. (“Cohen & Steers”) targeting $ 300 million in total equity. We contributed $ 3.2 million for the purchase of one property at formation of the new joint venture, NRV, in exch...
text
3.2
monetaryItemType
text: <entity> 3.2 </entity> <entity type> monetaryItemType </entity type> <context> —In July 2024, through a subsidiary, we entered into a joint venture agreement with an affiliate of Cohen & Steers Income Opportunities REIT, Inc. (“Cohen & Steers”) targeting $ 300 million in total equity. We contributed $ 3.2 million...
us-gaap:PaymentsToAcquireInterestInJointVenture
—In July 2024, through a subsidiary, we entered into a joint venture agreement with an affiliate of Cohen & Steers Income Opportunities REIT, Inc. (“Cohen & Steers”) targeting $ 300 million in total equity. We contributed $ 3.2 million for the purchase of one property at formation of the new joint venture, NRV, in exch...
text
20
percentItemType
text: <entity> 20 </entity> <entity type> percentItemType </entity type> <context> —In July 2024, through a subsidiary, we entered into a joint venture agreement with an affiliate of Cohen & Steers Income Opportunities REIT, Inc. (“Cohen & Steers”) targeting $ 300 million in total equity. We contributed $ 3.2 million f...
us-gaap:EquityMethodInvestmentOwnershipPercentage
—In July 2024, through a subsidiary, we entered into a joint venture agreement with an affiliate of Cohen & Steers Income Opportunities REIT, Inc. (“Cohen & Steers”) targeting $ 300 million in total equity. We contributed $ 3.2 million for the purchase of one property at formation of the new joint venture, NRV, in exch...
text
80
percentItemType
text: <entity> 80 </entity> <entity type> percentItemType </entity type> <context> —In July 2024, through a subsidiary, we entered into a joint venture agreement with an affiliate of Cohen & Steers Income Opportunities REIT, Inc. (“Cohen & Steers”) targeting $ 300 million in total equity. We contributed $ 3.2 million f...
us-gaap:EquityMethodInvestmentOwnershipPercentage
—In July 2024, through a subsidiary, we entered into a joint venture agreement with an affiliate of Cohen & Steers Income Opportunities REIT, Inc. (“Cohen & Steers”) targeting $ 300 million in total equity. We contributed $ 3.2 million for the purchase of one property at formation of the new joint venture, NRV, in exch...
text
12.9
monetaryItemType
text: <entity> 12.9 </entity> <entity type> monetaryItemType </entity type> <context> —In July 2024, through a subsidiary, we entered into a joint venture agreement with an affiliate of Cohen & Steers Income Opportunities REIT, Inc. (“Cohen & Steers”) targeting $ 300 million in total equity. We contributed $ 3.2 millio...
us-gaap:PaymentsToAcquireInterestInJointVenture
Subsequent to December 31, 2024, NRV acquired one property for $ 40.1 million.
text
40.1
monetaryItemType
text: <entity> 40.1 </entity> <entity type> monetaryItemType </entity type> <context> Subsequent to December 31, 2024, NRV acquired one property for $ 40.1 million. </context>
us-gaap:PaymentsToAcquireInterestInJointVenture
—In December 2024, through a subsidiary, we entered into a joint venture agreement with certain other investors, which included LS BDC Holdings, LLC, a subsidiary of Lafayette Square USA, Inc. and Northwestern Mutual. We contributed $ 4.2 million for the purchase of one property at formation of the new joint venture, N...
text
4.2
monetaryItemType
text: <entity> 4.2 </entity> <entity type> monetaryItemType </entity type> <context> —In December 2024, through a subsidiary, we entered into a joint venture agreement with certain other investors, which included LS BDC Holdings, LLC, a subsidiary of Lafayette Square USA, Inc. and Northwestern Mutual. We contributed $ ...
us-gaap:PaymentsToAcquireInterestInJointVenture
—In December 2024, through a subsidiary, we entered into a joint venture agreement with certain other investors, which included LS BDC Holdings, LLC, a subsidiary of Lafayette Square USA, Inc. and Northwestern Mutual. We contributed $ 4.2 million for the purchase of one property at formation of the new joint venture, N...
text
31.25
percentItemType
text: <entity> 31.25 </entity> <entity type> percentItemType </entity type> <context> —In December 2024, through a subsidiary, we entered into a joint venture agreement with certain other investors, which included LS BDC Holdings, LLC, a subsidiary of Lafayette Square USA, Inc. and Northwestern Mutual. We contributed $...
us-gaap:EquityMethodInvestmentOwnershipPercentage
—In December 2024, through a subsidiary, we entered into a joint venture agreement with certain other investors, which included LS BDC Holdings, LLC, a subsidiary of Lafayette Square USA, Inc. and Northwestern Mutual. We contributed $ 4.2 million for the purchase of one property at formation of the new joint venture, N...
text
68.75
percentItemType
text: <entity> 68.75 </entity> <entity type> percentItemType </entity type> <context> —In December 2024, through a subsidiary, we entered into a joint venture agreement with certain other investors, which included LS BDC Holdings, LLC, a subsidiary of Lafayette Square USA, Inc. and Northwestern Mutual. We contributed $...
us-gaap:EquityMethodInvestmentOwnershipPercentage
—In December 2024, through a subsidiary, we entered into a joint venture agreement with certain other investors, which included LS BDC Holdings, LLC, a subsidiary of Lafayette Square USA, Inc. and Northwestern Mutual. We contributed $ 4.2 million for the purchase of one property at formation of the new joint venture, N...
text
9.3
monetaryItemType
text: <entity> 9.3 </entity> <entity type> monetaryItemType </entity type> <context> —In December 2024, through a subsidiary, we entered into a joint venture agreement with certain other investors, which included LS BDC Holdings, LLC, a subsidiary of Lafayette Square USA, Inc. and Northwestern Mutual. We contributed $ ...
us-gaap:PaymentsToAcquireInterestInJointVenture
We recorded an impairment of our investment in a third-party company of $ 3.0 million in Other Expense, Net on our consolidated statement of operations for the year ended December 31, 2023 (see Note 15).
text
3.0
monetaryItemType
text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> We recorded an impairment of our investment in a third-party company of $ 3.0 million in Other Expense, Net on our consolidated statement of operations for the year ended December 31, 2023 (see Note 15). </context>
us-gaap:OtherAssetImpairmentCharges
—In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of our revolving credit facility and $ 135 million of our $ 240 million term loan that w...
text
350
monetaryItemType
text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> —In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of ...
us-gaap:DebtInstrumentFaceAmount
—In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of our revolving credit facility and $ 135 million of our $ 240 million term loan that w...
text
5.750
percentItemType
text: <entity> 5.750 </entity> <entity type> percentItemType </entity type> <context> —In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of...
us-gaap:DebtInstrumentInterestRateStatedPercentage
—In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of our revolving credit facility and $ 135 million of our $ 240 million term loan that w...
text
345.0
monetaryItemType
text: <entity> 345.0 </entity> <entity type> monetaryItemType </entity type> <context> —In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million o...
us-gaap:ProceedsFromIssuanceOfSeniorLongTermDebt
—In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of our revolving credit facility and $ 135 million of our $ 240 million term loan that w...
text
202
monetaryItemType
text: <entity> 202 </entity> <entity type> monetaryItemType </entity type> <context> —In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of ...
us-gaap:RepaymentsOfLinesOfCredit
—In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of our revolving credit facility and $ 135 million of our $ 240 million term loan that w...
text
135
monetaryItemType
text: <entity> 135 </entity> <entity type> monetaryItemType </entity type> <context> —In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of ...
us-gaap:RepaymentsOfLongTermDebt
—In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of our revolving credit facility and $ 135 million of our $ 240 million term loan that w...
text
240
monetaryItemType
text: <entity> 240 </entity> <entity type> monetaryItemType </entity type> <context> —In May 2024, we issued $ 350 million of 5.750 % senior notes due 2034 at an issue price of 98.576 % in an underwritten offering. The offering resulted in gross proceeds of $ 345.0 million, which were used to pay down $ 202 million of ...
us-gaap:DebtInstrumentCarryingAmount
In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million of our revolving credit facility and $ 140 million of our $ 240 million term loan th...
text
350
monetaryItemType
text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million...
us-gaap:DebtInstrumentFaceAmount
In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million of our revolving credit facility and $ 140 million of our $ 240 million term loan th...
text
4.950
percentItemType
text: <entity> 4.950 </entity> <entity type> percentItemType </entity type> <context> In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 millio...
us-gaap:DebtInstrumentInterestRateStatedPercentage
In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million of our revolving credit facility and $ 140 million of our $ 240 million term loan th...
text
344.6
monetaryItemType
text: <entity> 344.6 </entity> <entity type> monetaryItemType </entity type> <context> In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 milli...
us-gaap:ProceedsFromIssuanceOfSeniorLongTermDebt
In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million of our revolving credit facility and $ 140 million of our $ 240 million term loan th...
text
90
monetaryItemType
text: <entity> 90 </entity> <entity type> monetaryItemType </entity type> <context> In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million ...
us-gaap:RepaymentsOfLinesOfCredit
In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million of our revolving credit facility and $ 140 million of our $ 240 million term loan th...
text
140
monetaryItemType
text: <entity> 140 </entity> <entity type> monetaryItemType </entity type> <context> In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million...
us-gaap:RepaymentsOfLongTermDebt
In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million of our revolving credit facility and $ 140 million of our $ 240 million term loan th...
text
240
monetaryItemType
text: <entity> 240 </entity> <entity type> monetaryItemType </entity type> <context> In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million...
us-gaap:DebtInstrumentCarryingAmount
In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million of our revolving credit facility and $ 140 million of our $ 240 million term loan th...
text
105
monetaryItemType
text: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> In September 2024, we issued $ 350 million of 4.950 % senior notes due 2035 at an issue price of 98.458 % in an underwritten offering. The offering resulted in gross proceeds of $ 344.6 million, which were used to pay down $ 90 million...
us-gaap:RepaymentsOfLongTermDebt
During the year ended December 31, 2024, we repaid $ 28.1 million in mortgage debt.
text
28.1
monetaryItemType
text: <entity> 28.1 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we repaid $ 28.1 million in mortgage debt. </context>
us-gaap:RepaymentsOfLongTermDebt
—In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which...
text
475
monetaryItemType
text: <entity> 475 </entity> <entity type> monetaryItemType </entity type> <context> —In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 milli...
us-gaap:DerivativeNotionalAmount
—In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which...
text
484.8
monetaryItemType
text: <entity> 484.8 </entity> <entity type> monetaryItemType </entity type> <context> —In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 mil...
us-gaap:DerivativeNotionalAmount
—In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which...
text
161.8
monetaryItemType
text: <entity> 161.8 </entity> <entity type> monetaryItemType </entity type> <context> —In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 mil...
us-gaap:DebtInstrumentFaceAmount
—In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which...
text
1.35
percentItemType
text: <entity> 1.35 </entity> <entity type> percentItemType </entity type> <context> —In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 milli...
us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
—In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which...
text
158
monetaryItemType
text: <entity> 158 </entity> <entity type> monetaryItemType </entity type> <context> —In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 milli...
us-gaap:DebtInstrumentFaceAmount
—In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 million. The $ 161.8 million unsecured term loan is priced based on a leverage grid, which...
text
165
monetaryItemType
text: <entity> 165 </entity> <entity type> monetaryItemType </entity type> <context> —In July 2023, we amended three senior unsecured term loans with a total notional amount of $ 475 million scheduled to mature during 2024. The three senior unsecured term loans, as amended, have a total notional amount of $ 484.8 milli...
us-gaap:DebtInstrumentFaceAmount
During the year ended December 31, 2023, we repaid $ 47.3 million in mortgage debt.
text
47.3
monetaryItemType
text: <entity> 47.3 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we repaid $ 47.3 million in mortgage debt. </context>
us-gaap:RepaymentsOfLongTermDebt
—As of December 31, 2024, we had an $ 800 million senior unsecured revolving credit facility with availability of $ 738.9 million, which was net of outstanding letters of credit. The revolving credit facility was set to mature in January 2026, and we paid a facility fee of 0.25 % on the total amount under the facility.
text
800
monetaryItemType
text: <entity> 800 </entity> <entity type> monetaryItemType </entity type> <context> —As of December 31, 2024, we had an $ 800 million senior unsecured revolving credit facility with availability of $ 738.9 million, which was net of outstanding letters of credit. The revolving credit facility was set to mature in Janua...
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
—As of December 31, 2024, we had an $ 800 million senior unsecured revolving credit facility with availability of $ 738.9 million, which was net of outstanding letters of credit. The revolving credit facility was set to mature in January 2026, and we paid a facility fee of 0.25 % on the total amount under the facility.
text
738.9
monetaryItemType
text: <entity> 738.9 </entity> <entity type> monetaryItemType </entity type> <context> —As of December 31, 2024, we had an $ 800 million senior unsecured revolving credit facility with availability of $ 738.9 million, which was net of outstanding letters of credit. The revolving credit facility was set to mature in Jan...
us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity
—As of December 31, 2024, we had an $ 800 million senior unsecured revolving credit facility with availability of $ 738.9 million, which was net of outstanding letters of credit. The revolving credit facility was set to mature in January 2026, and we paid a facility fee of 0.25 % on the total amount under the facility.
text
0.25
percentItemType
text: <entity> 0.25 </entity> <entity type> percentItemType </entity type> <context> —As of December 31, 2024, we had an $ 800 million senior unsecured revolving credit facility with availability of $ 738.9 million, which was net of outstanding letters of credit. The revolving credit facility was set to mature in Janua...
us-gaap:LineOfCreditFacilityCommitmentFeePercentage
On January 9, 2025, we amended our senior unsecured revolving credit facility. The amendment increases the aggregate borrowing capacity of the facility to $ 1 billion and extends the maturity date to January 2029, with options to extend the maturity for two additional six-month periods.
text
1
monetaryItemType
text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> On January 9, 2025, we amended our senior unsecured revolving credit facility. The amendment increases the aggregate borrowing capacity of the facility to $ 1 billion and extends the maturity date to January 2029, with options to extend ...
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
—We have four unsecured term loans with maturities ranging from 2026 to 2027. Our term loans have interest rates of SOFR plus interest rate spreads based on our investment grade rating. We have utilized interest rate swaps to fix the rates on the majority of our term loans, with $ 109.8 million in term loans not fixed ...
text
109.8
monetaryItemType
text: <entity> 109.8 </entity> <entity type> monetaryItemType </entity type> <context> —We have four unsecured term loans with maturities ranging from 2026 to 2027. Our term loans have interest rates of SOFR plus interest rate spreads based on our investment grade rating. We have utilized interest rate swaps to fix the...
us-gaap:LongtermDebtPercentageBearingVariableInterestAmount
As of December 31, 2024 and 2023, the weighted-average interest rate, including the impact of swaps, on our term loans was 4.6 % and 4.7 %, respectively.
text
4.6
percentItemType
text: <entity> 4.6 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024 and 2023, the weighted-average interest rate, including the impact of swaps, on our term loans was 4.6 % and 4.7 %, respectively. </context>
us-gaap:LongtermDebtWeightedAverageInterestRate
As of December 31, 2024 and 2023, the weighted-average interest rate, including the impact of swaps, on our term loans was 4.6 % and 4.7 %, respectively.
text
4.7
percentItemType
text: <entity> 4.7 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024 and 2023, the weighted-average interest rate, including the impact of swaps, on our term loans was 4.6 % and 4.7 %, respectively. </context>
us-gaap:LongtermDebtWeightedAverageInterestRate
—Our secured debt includes two facilities secured by certain properties in our portfolio, mortgage loans secured by individual properties, and finance leases. The interest rates on our secured debt are fixed. As of December 31, 2024 and 2023, our weighted average interest rate for our secured debt was 3.6 % and 3.7 %, ...
text
3.6
percentItemType
text: <entity> 3.6 </entity> <entity type> percentItemType </entity type> <context> —Our secured debt includes two facilities secured by certain properties in our portfolio, mortgage loans secured by individual properties, and finance leases. The interest rates on our secured debt are fixed. As of December 31, 2024 and...
us-gaap:LongtermDebtWeightedAverageInterestRate
—Our secured debt includes two facilities secured by certain properties in our portfolio, mortgage loans secured by individual properties, and finance leases. The interest rates on our secured debt are fixed. As of December 31, 2024 and 2023, our weighted average interest rate for our secured debt was 3.6 % and 3.7 %, ...
text
3.7
percentItemType
text: <entity> 3.7 </entity> <entity type> percentItemType </entity type> <context> —Our secured debt includes two facilities secured by certain properties in our portfolio, mortgage loans secured by individual properties, and finance leases. The interest rates on our secured debt are fixed. As of December 31, 2024 and...
us-gaap:LongtermDebtWeightedAverageInterestRate
Fixed-rate debt includes, and variable-rate debt excludes, the portion of such debt that has been hedged by interest rate derivatives. As of December 31, 2024, $ 475 million in variable rate debt was hedged to a fixed rate for a weighted-average period of 1.3 years (see Notes 9 and 16).
text
475
monetaryItemType
text: <entity> 475 </entity> <entity type> monetaryItemType </entity type> <context> Fixed-rate debt includes, and variable-rate debt excludes, the portion of such debt that has been hedged by interest rate derivatives. As of December 31, 2024, $ 475 million in variable rate debt was hedged to a fixed rate for a weight...
us-gaap:HedgedLiabilityFairValueHedge
The changes in the fair value of derivatives designated, and that qualify, as cash flow hedges are recorded in AOCI and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the years ended December 31, 2024 and 2023, such derivatives were used to hedg...
text
3.8
monetaryItemType
text: <entity> 3.8 </entity> <entity type> monetaryItemType </entity type> <context> The changes in the fair value of derivatives designated, and that qualify, as cash flow hedges are recorded in AOCI and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. ...
us-gaap:DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
In March 2023, we entered into an interest rate swap which has a notional amount of $ 200 million and swaps SOFR for a fixed rate of approximately 3.36 % which became effective in September 2023 and matures in September 2026.
text
200
monetaryItemType
text: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> In March 2023, we entered into an interest rate swap which has a notional amount of $ 200 million and swaps SOFR for a fixed rate of approximately 3.36 % which became effective in September 2023 and matures in September 2026. </context...
us-gaap:DerivativeNotionalAmount
In March 2023, we entered into an interest rate swap which has a notional amount of $ 200 million and swaps SOFR for a fixed rate of approximately 3.36 % which became effective in September 2023 and matures in September 2026.
text
3.36
percentItemType
text: <entity> 3.36 </entity> <entity type> percentItemType </entity type> <context> In March 2023, we entered into an interest rate swap which has a notional amount of $ 200 million and swaps SOFR for a fixed rate of approximately 3.36 % which became effective in September 2023 and matures in September 2026. </context...
us-gaap:DerivativeFixedInterestRate
In January 2024, we entered into an interest rate swap which has a notional amount of $ 150 million and swaps SOFR for a fixed rate of approximately 3.45 % which became effective in September 2024 and matures in December 2025.
text
150
monetaryItemType
text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, we entered into an interest rate swap which has a notional amount of $ 150 million and swaps SOFR for a fixed rate of approximately 3.45 % which became effective in September 2024 and matures in December 2025. </contex...
us-gaap:DerivativeNotionalAmount
In January 2024, we entered into an interest rate swap which has a notional amount of $ 150 million and swaps SOFR for a fixed rate of approximately 3.45 % which became effective in September 2024 and matures in December 2025.
text
3.45
percentItemType
text: <entity> 3.45 </entity> <entity type> percentItemType </entity type> <context> In January 2024, we entered into an interest rate swap which has a notional amount of $ 150 million and swaps SOFR for a fixed rate of approximately 3.45 % which became effective in September 2024 and matures in December 2025. </contex...
us-gaap:DerivativeFixedInterestRate
We believed, based on available evidence, it was not more likely than not that our net deferred tax asset would be realized in future periods and, therefore, recorded a valuation allowance equal to the net deferred tax asset balance at December 31, 2023. During the second quarter of 2024, we concluded that it was more ...
text
1.0
monetaryItemType
text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> We believed, based on available evidence, it was not more likely than not that our net deferred tax asset would be realized in future periods and, therefore, recorded a valuation allowance equal to the net deferred tax asset balance at...
us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
Our deferred tax assets and liabilities result from the activities of our TRS entities. As of December 31, 2024, the TRS entities have state NOL carryforwards of approximately $ 3.2 million, which will expire as determined under each state's statute.
text
3.2
monetaryItemType
text: <entity> 3.2 </entity> <entity type> monetaryItemType </entity type> <context> Our deferred tax assets and liabilities result from the activities of our TRS entities. As of December 31, 2024, the TRS entities have state NOL carryforwards of approximately $ 3.2 million, which will expire as determined under each s...
us-gaap:OperatingLossCarryforwards
As of December 31, 2024, we had three letters of credit outstanding totaling approximately $ 21.1 million to provide security for our obligations under Silver Rock’s insurance and reinsurance contracts.
text
21.1
monetaryItemType
text: <entity> 21.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had three letters of credit outstanding totaling approximately $ 21.1 million to provide security for our obligations under Silver Rock’s insurance and reinsurance contracts. </context>
us-gaap:LettersOfCreditOutstandingAmount
—In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024, prior to the entry into the new program described below, we issued approximately 46...
text
46000
sharesItemType
text: <entity> 46000 </entity> <entity type> sharesItemType </entity type> <context> —In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024...
us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction
—In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024, prior to the entry into the new program described below, we issued approximately 46...
text
1.7
monetaryItemType
text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> —In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024...
us-gaap:SaleOfStockConsiderationReceivedOnTransaction
—In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024, prior to the entry into the new program described below, we issued approximately 46...
text
17000
monetaryItemType
text: <entity> 17000 </entity> <entity type> monetaryItemType </entity type> <context> —In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 20...
us-gaap:PaymentsOfStockIssuanceCosts
—In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024, prior to the entry into the new program described below, we issued approximately 46...
text
4.2
sharesItemType
text: <entity> 4.2 </entity> <entity type> sharesItemType </entity type> <context> —In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024, ...
us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction
—In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024, prior to the entry into the new program described below, we issued approximately 46...
text
147.6
monetaryItemType
text: <entity> 147.6 </entity> <entity type> monetaryItemType </entity type> <context> —In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 20...
us-gaap:SaleOfStockConsiderationReceivedOnTransaction
—In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024, prior to the entry into the new program described below, we issued approximately 46...
text
1.5
monetaryItemType
text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> —In February 2022, we entered into a sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, allowing up to $ 250 million in offerings. During the year ended December 31, 2024...
us-gaap:PaymentsOfStockIssuanceCosts
In February 2024, we entered into a new sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, which replaced the previous agreement. In accordance with the terms of the sales agreement, we may offer and sell shares of our common stock having an aggregate off...
text
72.1
monetaryItemType
text: <entity> 72.1 </entity> <entity type> monetaryItemType </entity type> <context> In February 2024, we entered into a new sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, which replaced the previous agreement. In accordance with the terms of the sal...
us-gaap:SaleOfStockConsiderationReceivedOnTransaction
In February 2024, we entered into a new sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, which replaced the previous agreement. In accordance with the terms of the sales agreement, we may offer and sell shares of our common stock having an aggregate off...
text
0.7
monetaryItemType
text: <entity> 0.7 </entity> <entity type> monetaryItemType </entity type> <context> In February 2024, we entered into a new sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, which replaced the previous agreement. In accordance with the terms of the sale...
us-gaap:PaymentsOfStockIssuanceCosts
In February 2024, we entered into a new sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, which replaced the previous agreement. In accordance with the terms of the sales agreement, we may offer and sell shares of our common stock having an aggregate off...
text
177
monetaryItemType
text: <entity> 177 </entity> <entity type> monetaryItemType </entity type> <context> In February 2024, we entered into a new sales agreement relating to the potential sale of shares of common stock pursuant to a continuous offering program, which replaced the previous agreement. In accordance with the terms of the sale...
us-gaap:CommonStockSharesSubscriptions
On May 5, 2022, we filed Articles Supplementary to our charter with the Maryland State Department of Assessments and Taxation in order to reclassify and designate all of the 350 million authorized shares of our Class B common stock, $ 0.01 par value per share, all of which were unissued at such time, as shares of our c...
text
350
sharesItemType
text: <entity> 350 </entity> <entity type> sharesItemType </entity type> <context> On May 5, 2022, we filed Articles Supplementary to our charter with the Maryland State Department of Assessments and Taxation in order to reclassify and designate all of the 350 million authorized shares of our Class B common stock, $ 0....
us-gaap:CommonStockSharesAuthorized
On May 5, 2022, we filed Articles Supplementary to our charter with the Maryland State Department of Assessments and Taxation in order to reclassify and designate all of the 350 million authorized shares of our Class B common stock, $ 0.01 par value per share, all of which were unissued at such time, as shares of our c...
text
0.01
perShareItemType
text: <entity> 0.01 </entity> <entity type> perShareItemType </entity type> <context> On May 5, 2022, we filed Articles Supplementary to our charter with the Maryland State Department of Assessments and Taxation in order to reclassify and designate all of the 350 million authorized shares of our Class B common stock, $...
us-gaap:CommonStockParOrStatedValuePerShare
—In 2024, we declared and paid monthly distributions of $ 0.0975 per common share and OP unit, or $ 1.17 annualized, for each month beginning January 2024 through August 2024. In September 2024, the Board authorized a 5.1 % increase of our monthly distribution rate to $ 0.1025 per common share and OP unit. We declared ...
text
1.17
perShareItemType
text: <entity> 1.17 </entity> <entity type> perShareItemType </entity type> <context> —In 2024, we declared and paid monthly distributions of $ 0.0975 per common share and OP unit, or $ 1.17 annualized, for each month beginning January 2024 through August 2024. In September 2024, the Board authorized a 5.1 % increase o...
us-gaap:CommonStockDividendsPerShareDeclared
—In 2024, we declared and paid monthly distributions of $ 0.0975 per common share and OP unit, or $ 1.17 annualized, for each month beginning January 2024 through August 2024. In September 2024, the Board authorized a 5.1 % increase of our monthly distribution rate to $ 0.1025 per common share and OP unit. We declared ...
text
0.1025
perShareItemType
text: <entity> 0.1025 </entity> <entity type> perShareItemType </entity type> <context> —In 2024, we declared and paid monthly distributions of $ 0.0975 per common share and OP unit, or $ 1.17 annualized, for each month beginning January 2024 through August 2024. In September 2024, the Board authorized a 5.1 % increase...
us-gaap:CommonStockDividendsPerShareDeclared
—In 2024, we declared and paid monthly distributions of $ 0.0975 per common share and OP unit, or $ 1.17 annualized, for each month beginning January 2024 through August 2024. In September 2024, the Board authorized a 5.1 % increase of our monthly distribution rate to $ 0.1025 per common share and OP unit. We declared ...
text
1.23
perShareItemType
text: <entity> 1.23 </entity> <entity type> perShareItemType </entity type> <context> —In 2024, we declared and paid monthly distributions of $ 0.0975 per common share and OP unit, or $ 1.17 annualized, for each month beginning January 2024 through August 2024. In September 2024, the Board authorized a 5.1 % increase o...
us-gaap:CommonStockDividendsPerShareDeclared
—As of December 31, 2024 and 2023, we had approximately 13.0 million and 13.8 million outstanding non-voting OP units, respectively. Additionally, certain of our outstanding restricted share and performance share awards will result in the issuance of OP units upon vesting in future periods. These are included in the ou...
text
13.0
sharesItemType
text: <entity> 13.0 </entity> <entity type> sharesItemType </entity type> <context> —As of December 31, 2024 and 2023, we had approximately 13.0 million and 13.8 million outstanding non-voting OP units, respectively. Additionally, certain of our outstanding restricted share and performance share awards will result in t...
us-gaap:LimitedPartnersCapitalAccountUnitsOutstanding
—As of December 31, 2024 and 2023, we had approximately 13.0 million and 13.8 million outstanding non-voting OP units, respectively. Additionally, certain of our outstanding restricted share and performance share awards will result in the issuance of OP units upon vesting in future periods. These are included in the ou...
text
13.8
sharesItemType
text: <entity> 13.8 </entity> <entity type> sharesItemType </entity type> <context> —As of December 31, 2024 and 2023, we had approximately 13.0 million and 13.8 million outstanding non-voting OP units, respectively. Additionally, certain of our outstanding restricted share and performance share awards will result in t...
us-gaap:LimitedPartnersCapitalAccountUnitsOutstanding
On January 18, 2022, we issued approximately 1.6 million OP units in full settlement of the earn-out liability (see Note 16).
text
1.6
sharesItemType
text: <entity> 1.6 </entity> <entity type> sharesItemType </entity type> <context> On January 18, 2022, we issued approximately 1.6 million OP units in full settlement of the earn-out liability (see Note 16). </context>
us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
—In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within Other Expense, Net on our consolidated statements of operations. Included in the restr...
text
0.5
sharesItemType
text: <entity> 0.5 </entity> <entity type> sharesItemType </entity type> <context> —In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within Oth...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
—In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within Other Expense, Net on our consolidated statements of operations. Included in the restr...
text
0.3
sharesItemType
text: <entity> 0.3 </entity> <entity type> sharesItemType </entity type> <context> —In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within Oth...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
—In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within Other Expense, Net on our consolidated statements of operations. Included in the restr...
text
24000
sharesItemType
text: <entity> 24000 </entity> <entity type> sharesItemType </entity type> <context> —In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within O...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
—In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within Other Expense, Net on our consolidated statements of operations. Included in the restr...
text
28.00
perShareItemType
text: <entity> 28.00 </entity> <entity type> perShareItemType </entity type> <context> —In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
—In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within Other Expense, Net on our consolidated statements of operations. Included in the restr...
text
50
percentItemType
text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> —In connection with our underwritten IPO in 2021, we issued a total of 0.5 million RSUs, inclusive of 0.3 million OP units, and restricted stock awards in the form of time-based stock compensation awards with expenses included within Oth...
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
The Board approves restricted stock awards pursuant to our 2020 Incentive Plan. The awards are granted to our independent directors as service-based awards. As of December 31, 2024 and 2023, there were approximately 24,000 and 27,000 outstanding unvested awards granted to independent directors, respectively, in connect...
text
24000
sharesItemType
text: <entity> 24000 </entity> <entity type> sharesItemType </entity type> <context> The Board approves restricted stock awards pursuant to our 2020 Incentive Plan. The awards are granted to our independent directors as service-based awards. As of December 31, 2024 and 2023, there were approximately 24,000 and 27,000 o...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
The Board approves restricted stock awards pursuant to our 2020 Incentive Plan. The awards are granted to our independent directors as service-based awards. As of December 31, 2024 and 2023, there were approximately 24,000 and 27,000 outstanding unvested awards granted to independent directors, respectively, in connect...
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27000
sharesItemType
text: <entity> 27000 </entity> <entity type> sharesItemType </entity type> <context> The Board approves restricted stock awards pursuant to our 2020 Incentive Plan. The awards are granted to our independent directors as service-based awards. As of December 31, 2024 and 2023, there were approximately 24,000 and 27,000 o...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
The maximum number of award units that could be issued under all outstanding grants was 1.1 million as of December 31, 2024. The number of award units expected to vest was 0.9 million as of December 31, 2024.
text
1.1
sharesItemType
text: <entity> 1.1 </entity> <entity type> sharesItemType </entity type> <context> The maximum number of award units that could be issued under all outstanding grants was 1.1 million as of December 31, 2024. The number of award units expected to vest was 0.9 million as of December 31, 2024. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to these awards that we expect to recognize over a weighted average period of approximatel...
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10.3
monetaryItemType
text: <entity> 10.3 </entity> <entity type> monetaryItemType </entity type> <context> The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to t...
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to these awards that we expect to recognize over a weighted average period of approximatel...
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9.4
monetaryItemType
text: <entity> 9.4 </entity> <entity type> monetaryItemType </entity type> <context> The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to th...
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to these awards that we expect to recognize over a weighted average period of approximatel...
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14.9
monetaryItemType
text: <entity> 14.9 </entity> <entity type> monetaryItemType </entity type> <context> The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to t...
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to these awards that we expect to recognize over a weighted average period of approximatel...
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11.8
monetaryItemType
text: <entity> 11.8 </entity> <entity type> monetaryItemType </entity type> <context> The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to t...
us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to these awards that we expect to recognize over a weighted average period of approximatel...
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18.0
monetaryItemType
text: <entity> 18.0 </entity> <entity type> monetaryItemType </entity type> <context> The expense for all stock-based awards during the years ended December 31, 2024, 2023, and 2022 was $ 10.3 million, $ 9.4 million, and $ 14.9 million, respectively. We had $ 11.8 million of unrecognized compensation costs related to t...
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
—We sponsor a 401(k) plan that provides benefits for qualified employees. Our match of the employee contributions is discretionary and has a five-year vesting schedule. The cash contributions to the plan for the years ended December 31, 2024, 2023, and 2022 were approximately $ 1.1 million, $ 1.1 million, and $ 1.0 mil...
text
1.1
monetaryItemType
text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> —We sponsor a 401(k) plan that provides benefits for qualified employees. Our match of the employee contributions is discretionary and has a five-year vesting schedule. The cash contributions to the plan for the years ended December 31...
us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount
—We sponsor a 401(k) plan that provides benefits for qualified employees. Our match of the employee contributions is discretionary and has a five-year vesting schedule. The cash contributions to the plan for the years ended December 31, 2024, 2023, and 2022 were approximately $ 1.1 million, $ 1.1 million, and $ 1.0 mil...
text
1.0
monetaryItemType
text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> —We sponsor a 401(k) plan that provides benefits for qualified employees. Our match of the employee contributions is discretionary and has a five-year vesting schedule. The cash contributions to the plan for the years ended December 31...
us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount