XML 53 R40.htm IDEA: XBRL DOCUMENT v3.20.1
Debt - Senior Unsecured Credit Facility (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Line of Credit Facility [Line Items]    
Senior unsecured credit facility $ 400,000 $ 75,000
Percent of unused portion line of credit facility triggering lower commitment fee (as a percent) 50.00%  
Unsecured credit facility    
Line of Credit Facility [Line Items]    
Interest and unused credit facility fees $ 700  
Minimum    
Line of Credit Facility [Line Items]    
Line of credit facility, unused capacity, commitment fee (as a percent) 0.20%  
Maximum    
Line of Credit Facility [Line Items]    
Line of credit facility, unused capacity, commitment fee (as a percent) 0.30%  
Line Of Credit Facility Covenant    
Line of Credit Facility [Line Items]    
Maximum leverage ratio (as a percent) 0.60  
Minimum fixed charge coverage ratio 1.50  
Secured recourse indebtedness 45.00%  
Unencumbered leverage ratio 60.00%  
Unencumbered implied debt service coverage ratio 1.2  
Line Of Credit Facility Covenant Actual Results    
Line of Credit Facility [Line Items]    
Maximum leverage ratio (as a percent) 0.345  
Minimum fixed charge coverage ratio 2.92  
Secured recourse indebtedness 20.90%  
Unencumbered leverage ratio 50.30%  
Unencumbered implied debt service coverage ratio 1.49  
LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.45%  
Less than 30% | Maximum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.30  
Less than 30% | LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.40%  
Greater than or equal to 30% but less than 35% | Minimum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.30  
Greater than or equal to 30% but less than 35% | Maximum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.35  
Greater than or equal to 30% but less than 35% | LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.45%  
Greater than or equal to 35% but less than 40% | Minimum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.35  
Greater than or equal to 35% but less than 40% | Maximum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.40  
Greater than or equal to 35% but less than 40% | LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.50%  
Greater than or equal to 40% but less than 45% | Minimum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.40  
Greater than or equal to 40% but less than 45% | Maximum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.45  
Greater than or equal to 40% but less than 45% | LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.55%  
Greater than or equal to 45% but less than 50% | Minimum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.45  
Greater than or equal to 45% but less than 50% | Maximum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.50  
Greater than or equal to 45% but less than 50% | LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.70%  
Greater than or equal to 50% but less than 55% | Minimum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.50  
Greater than or equal to 50% but less than 55% | Maximum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.55  
Greater than or equal to 50% but less than 55% | LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.90%  
Greater than or equal to 55% | Minimum | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Ratio of net indebtedness to EBITDA 0.55  
Greater than or equal to 55% | LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 2.05%  
Revolving Credit Facility | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Senior unsecured credit facility $ 400,000 $ 75,000
Revolving Credit Facility | LIBOR | Unsecured credit facility    
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.40%