XML 59 R44.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt (Details)
12 Months Ended
Dec. 31, 2021
USD ($)
property
Aug. 20, 2021
USD ($)
Dec. 31, 2020
USD ($)
property
Debt Instrument      
Total Unsecured and Secured Debt $ 725,000,000   $ 461,271,000
Less: Unamortized premium/discount and debt issuance costs (4,330,000)   (2,153,000)
Total debt, net $ 720,670,000   459,118,000
Number of properties (property) | property 253    
Line of credit      
Debt Instrument      
Total Unsecured and Secured Debt $ 0   0
Line of credit | LIBOR      
Debt Instrument      
Basis spread on variable rate 1.00%    
Unsecured Debt      
Debt Instrument      
Total Unsecured and Secured Debt $ 725,000,000   450,000,000
Unsecured Debt | 5-Year Term Loan B      
Debt Instrument      
Debt instrument, face amount   $ 100,000,000 100,000,000.0
Total Unsecured and Secured Debt $ 100,000,000   100,000,000
Unsecured Debt | 5-Year Term Loan B | Debt Instrument, Fixed Rate      
Debt Instrument      
Debt instrument, face amount     50,000,000
Unsecured Debt | 5-Year Term Loan B | LIBOR      
Debt Instrument      
Basis spread on variable rate 1.15%    
Unsecured Debt | 5-Year Term Loan B | LIBOR | Minimum      
Debt Instrument      
Basis spread on variable rate 1.15%    
Unsecured Debt | 5-Year Term Loan B | LIBOR | Maximum      
Debt Instrument      
Basis spread on variable rate 1.65%    
Unsecured Debt | $50M 7-Year Unsecured      
Debt Instrument      
Debt instrument, face amount $ 50,000,000    
Debt term (years) 7 years    
Total Unsecured and Secured Debt $ 50,000,000   50,000,000
Interest rate 4.20%    
Unsecured Debt | $100M 7-Year Unsecured      
Debt Instrument      
Debt instrument, face amount $ 100,000,000    
Debt term (years) 7 years    
Total Unsecured and Secured Debt $ 100,000,000   100,000,000
Interest rate 3.80%    
Unsecured Debt | $50M 10-Year Unsecured      
Debt Instrument      
Debt instrument, face amount $ 50,000,000    
Debt term (years) 10 years    
Total Unsecured and Secured Debt $ 50,000,000   50,000,000
Interest rate 4.00%    
Unsecured Debt | $50M 12-Year Unsecured      
Debt Instrument      
Debt instrument, face amount $ 50,000,000    
Debt term (years) 12 years    
Total Unsecured and Secured Debt $ 50,000,000   50,000,000
Interest rate 4.70%    
Unsecured Debt | $100M 7-Year Unsecured      
Debt Instrument      
Debt instrument, face amount $ 100,000,000    
Debt term (years) 7 years    
Total Unsecured and Secured Debt $ 100,000,000   100,000,000
Interest rate 2.40%    
Unsecured Debt | $100M 10-Year Unsecured      
Debt Instrument      
Debt instrument, face amount $ 100,000,000    
Debt term (years) 10 years    
Total Unsecured and Secured Debt $ 100,000,000   0
Interest rate 3.10%    
Unsecured Debt | $125M 10-Year Unsecured      
Debt Instrument      
Debt instrument, face amount $ 125,000,000    
Debt term (years) 9 years    
Total Unsecured and Secured Debt $ 125,000,000   0
Interest rate 2.40%    
Unsecured Debt | $50M 9-Year Unsecured      
Debt Instrument      
Debt instrument, face amount $ 50,000,000    
Debt term (years) 10 years    
Total Unsecured and Secured Debt $ 50,000,000   0
Interest rate 2.80%    
Secured Debt      
Debt Instrument      
Total Unsecured and Secured Debt $ 0   11,271,000
Secured Debt | Belleville      
Debt Instrument      
Total Unsecured and Secured Debt $ 0   11,271,000
Total debt, net     $ 11,300,000
Interest rate 5.50%    
Number of properties (property) | property     1