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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Operating Lease, Lease Income [Table Text Block]
The following table summarizes the components of rental income included in the accompanying Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024.

 Three months ended September 30,Nine months ended September 30,
Rental Income (in thousands)2025202420252024
Fixed lease payments$159,934 $147,075   $474,336 $433,464 
Variable lease payments43,238 38,800 131,190 119,207 
Straight-line rental income6,160 3,887 15,391 11,503 
Net increase (decrease) to rental income related to above and below market lease amortization663 524 1,878 (19)
Total rental income$209,995 $190,286 $622,795 $564,155 
Lease, Cost [Table Text Block]
The following table summarizes supplemental information related to operating lease right-of-use assets and operating lease liabilities recognized in the Company’s Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024.

Operating Lease Term and Discount RateSeptember 30, 2025December 31, 2024
Weighted average remaining lease term (years)35.534.9
Weighted average discount rate6.9 %6.9 %

The following table summarizes the operating lease cost included in the Company’s Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024.

 Three months ended September 30,Nine months ended September 30,
Operating Lease Cost (in thousands)2025202420252024
Operating lease cost included in property expense attributable to ground leases$695 $619 $2,090 $1,851 
Operating lease cost included in general and administrative expense attributable to corporate office leases432 430 1,293 1,291 
Total operating lease cost$1,127 $1,049 $3,383 $3,142 

The following table summarizes supplemental cash flow information related to operating leases in the Company’s Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024.

 Nine months ended September 30,
Operating Leases (in thousands)20252024
Cash paid for amounts included in the measurement of lease liabilities (operating cash flows)$3,182 $2,976 
Right-of-use assets obtained in exchange for new lease liabilities$175 $— 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The following table summarizes the maturity of operating lease liabilities under the Company’s ground leases and corporate office leases as of September 30, 2025.

Year
Maturity of Operating Lease Liabilities(1) (in thousands)
Remainder of 2025$1,070 
20263,288 
20272,331 
20282,374 
20292,340 
Thereafter94,551 
Total lease payments105,954 
Less: Imputed interest(71,915)
Present value of operating lease liabilities$34,039 
(1)Operating lease liabilities do not include estimates of CPI rent changes required by certain ground lease agreements. Therefore, actual payments may differ from those presented.