XML 40 R31.htm IDEA: XBRL DOCUMENT v3.23.2
Mortgage Notes Payable, Credit Facilities and Senior Notes - Narrative (Details)
3 Months Ended 6 Months Ended
Mar. 02, 2023
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 20, 2019
credit_facility_extension
Nov. 10, 2017
USD ($)
Jul. 26, 2016
USD ($)
Dec. 03, 2014
USD ($)
Dec. 09, 2013
USD ($)
Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity $ 600,000,000                
Number of extension options | credit_facility_extension         2        
Extension term 6 months                
Commitment fee (percentage)     0.20%            
Fronting fee (percentage)   0.125% 0.125%            
Credit facility   $ 63,000,000 $ 63,000,000 $ 88,000,000          
Net unamortized deferred financing costs   $ 5,800,000 $ 5,800,000 1,000,000          
Line of credit facility, interest rate during the period (percentage)   5.90% 5.70%            
Remaining borrowing capacity   $ 537,000,000 $ 537,000,000            
Revolving Credit Facility | Federal Funds Effective Swap Rate                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 0.50%                
Revolving Credit Facility | Adjusted Term SOFR                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 1.00%                
Letter of Credit                  
Debt Instrument [Line Items]                  
Letters of credit outstanding, amount   150,000 150,000            
Notes Payable                  
Debt Instrument [Line Items]                  
Net unamortized deferred financing costs   83,000 83,000 102,000          
Long term debt   60,389,000 60,389,000 60,731,000          
Term Loan Agreement                  
Debt Instrument [Line Items]                  
Principal amount $ 300,000,000 300,000,000 300,000,000 300,000,000          
Additional borrowing capacity $ 200,000,000                
Variable rate (percentage) 1.00%                
Net unamortized deferred financing costs   $ 565,000 $ 565,000 747,000          
Interest rate during period (percentage)   6.10% 5.80%            
Swapped interest rate     5.40%            
Remaining borrowing capacity   $ 0 $ 0            
Long term debt   300,000,000 300,000,000            
Term Loan Agreement | Federal Funds Effective Swap Rate                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 0.50%                
Term Loan Agreement | SOFR                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 0.10%                
Term Loan Agreement | Base Rate                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 0.00%                
Term Loan Agreement | Adjusted Term SOFR                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 1.00%                
Credit facility including accordion feature | Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity $ 1,200,000,000                
Senior Notes Due 2027 | Senior Notes                  
Debt Instrument [Line Items]                  
Principal amount   250,000,000 250,000,000 250,000,000   $ 250,000,000      
Net unamortized deferred financing costs   786,000 786,000 874,000          
Interest rate (percentage)           4.19%      
Senior Notes Due 2026 | Senior Notes                  
Debt Instrument [Line Items]                  
Principal amount   200,000,000 200,000,000 200,000,000     $ 200,000,000    
Net unamortized deferred financing costs   250,000 250,000 289,000          
Interest rate (percentage)             3.95%    
Senior Notes Due 2024 | Senior Notes                  
Debt Instrument [Line Items]                  
Principal amount   250,000,000 250,000,000 250,000,000       $ 250,000,000  
Net unamortized deferred financing costs   322,000 322,000 432,000          
Interest rate (percentage)               4.00%  
Senior Notes Due 2023 | Senior Notes                  
Debt Instrument [Line Items]                  
Principal amount   250,000,000 250,000,000 250,000,000         $ 250,000,000
Net unamortized deferred financing costs   $ 120,000 $ 120,000 $ 252,000          
Interest rate (percentage)                 5.00%
Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 0.85%                
Revolving Credit Facility | SOFR                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 0.10%                
Revolving Credit Facility | Base Rate                  
Debt Instrument [Line Items]                  
Variable rate (percentage) 0.00%