XML 112 R63.htm IDEA: XBRL DOCUMENT v3.25.4
Debt - Schedule of Debt (Details)
$ in Thousands
1 Months Ended 3 Months Ended 5 Months Ended 12 Months Ended
Dec. 31, 2025
USD ($)
property
Dec. 31, 2025
USD ($)
property
Sep. 30, 2025
property
Jun. 30, 2025
property
Dec. 31, 2024
USD ($)
property
Sep. 30, 2024
property
Jun. 30, 2024
property
Mar. 31, 2024
property
Dec. 31, 2025
USD ($)
property
Dec. 31, 2025
USD ($)
property
Dec. 31, 2024
USD ($)
property
Dec. 31, 2023
USD ($)
Debt Instrument [Line Items]                        
Total Debt $ 485,936 $ 485,936     $ 1,360,326       $ 485,936 $ 485,936 $ 1,360,326  
Unamortized Deferred Financing Costs, Premiums, and Discounts, net (11,930) (11,930)     (15,707)       (11,930) (11,930) (15,707)  
Total $ 474,006 $ 474,006     $ 1,344,619       $ 474,006 $ 474,006 1,344,619  
Effective Interest Rate (as a percent) 5.33% 5.33%             5.33% 5.33%    
Weighted average interest rate (percent) 5.56% 5.56%             5.56% 5.56%    
Paydown of secured debt                   $ 159,390 $ 225,228 $ 41,283
Number of properties disposed | property         10 4 1 4     19  
Paydown of unsecured debt                   250,000 $ 190,000 400,000
(Loss) gain on extinguishment of debt                   (2,482) $ 10,466 0
Office                        
Debt Instrument [Line Items]                        
Number of properties disposed | property         0 1 0 1     2  
Loss on extinguishment of debt                   $ (1,243) $ 0 $ 0
Discontinued Operations | Office                        
Debt Instrument [Line Items]                        
Number of properties pledged as collateral | property 2 2             2 2    
Number of properties disposed | property   16 8 3           27    
Discontinued Operations | Office | Birmingham, Alabama and Las Vegas, Nevada                        
Debt Instrument [Line Items]                        
Number of properties disposed | property                   2    
Forward-Starting, Floating to Fixed SOFR Interest Rate Swap                        
Debt Instrument [Line Items]                        
Average fixed interest rate (percent) 3.58% 3.58%             3.58% 3.58%    
Secured Debt                        
Debt Instrument [Line Items]                        
Total Debt $ 200,936 $ 200,936     $ 360,326       $ 200,936 $ 200,936 360,326  
Effective Interest Rate (as a percent) 5.08% 5.08%             5.08% 5.08%    
Secured Debt | BOA II Loan                        
Debt Instrument [Line Items]                        
Total Debt $ 90,610 $ 90,610     $ 250,000       $ 90,610 $ 90,610 $ 250,000  
Contractual Interest Rate (as a percent) 4.32% 4.32%             4.32% 4.32%    
Effective Interest Rate (as a percent) 4.37% 4.37%             4.37% 4.37%    
Number of properties pledged as collateral | property 2 2     4       2 2 4  
Paydown of secured debt                 $ 159,400      
Loss on extinguishment of debt                   $ (1,200)    
Secured Debt | Georgia Mortgage Loan                        
Debt Instrument [Line Items]                        
Total Debt $ 37,722 $ 37,722     $ 37,722       $ 37,722 $ 37,722 $ 37,722  
Contractual Interest Rate (as a percent) 5.31% 5.31%             5.31% 5.31%    
Effective Interest Rate (as a percent) 5.31% 5.31%             5.31% 5.31%    
Secured Debt | Illinois Mortgage Loan                        
Debt Instrument [Line Items]                        
Total Debt $ 23,000 $ 23,000     23,000       $ 23,000 $ 23,000 23,000  
Contractual Interest Rate (as a percent) 6.51% 6.51%             6.51% 6.51%    
Effective Interest Rate (as a percent) 6.60% 6.60%             6.60% 6.60%    
Secured Debt | Florida Mortgage Loan                        
Debt Instrument [Line Items]                        
Total Debt $ 49,604 $ 49,604     49,604       $ 49,604 $ 49,604 49,604  
Contractual Interest Rate (as a percent) 5.48% 5.48%             5.48% 5.48%    
Effective Interest Rate (as a percent) 5.48% 5.48%             5.48% 5.48%    
Line of Credit | Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Total Debt $ 0 $ 0     465,000       $ 0 $ 0 465,000  
Spread on Variable Rate (as a percent)                   1.80%    
Effective Interest Rate (as a percent) 5.56% 5.56%             5.56% 5.56%    
Unsecured Debt                        
Debt Instrument [Line Items]                        
Total Debt $ 285,000 $ 285,000     1,000,000       $ 285,000 $ 285,000 1,000,000  
Effective Interest Rate (as a percent) 5.51% 5.51%             5.51% 5.51%    
Variable rate (as a percent) 0.0366 0.0366             0.0366 0.0366    
Index adjustment (as a percent) 0.10% 0.10%             0.10% 0.10%    
Unsecured Debt | 2026 Term Loan                        
Debt Instrument [Line Items]                        
Total Debt $ 0 $ 0     150,000       $ 0 $ 0 150,000  
Spread on Variable Rate (as a percent)                   0.00%    
Effective Interest Rate (as a percent) 0.00% 0.00%             0.00% 0.00%    
Unsecured Debt | 2028 Term Loan I                        
Debt Instrument [Line Items]                        
Total Debt $ 110,000 $ 110,000     210,000       $ 110,000 $ 110,000 210,000  
Spread on Variable Rate (as a percent)                   1.75%    
Effective Interest Rate (as a percent) 5.51% 5.51%             5.51% 5.51%    
Paydown of unsecured debt $ 100,000                      
(Loss) gain on extinguishment of debt                   $ (200)    
Unsecured Debt | 2028 Term Loan II                        
Debt Instrument [Line Items]                        
Total Debt $ 175,000 $ 175,000     $ 175,000       $ 175,000 $ 175,000 $ 175,000  
Spread on Variable Rate (as a percent)                   1.75%    
Effective Interest Rate (as a percent) 5.51% 5.51%             5.51% 5.51%    
Extension option, period                   1 year