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Debt - Summary of Borrowings (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Total revolving credit facility, Principal Outstanding $ 274,550 $ 79,000
Loan, Principal Outstanding 1,605,348  
Total term loan facilities, net, Principal Outstanding 274,009 299,108
Total notes payable, net, Principal Outstanding 894,676 696,532
Total mortgage notes payable, net, Principal Outstanding 155,586 220,195
Total debt, Principal Outstanding 1,598,821 1,294,835
Notes Payable [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding 900,000 700,000
Less: Total unamortized deferred financing fees (5,324) (3,468)
Mortgage Notes Payable [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding 156,298 220,597
Less: Total unamortized deferred financing fees (579) (944)
Less: Total unamortized premium/discount (133) 542
Mortgage Notes Payable [Member] | CBP Savannah [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 8,683 9,549
Loan, Interest Rate [1],[2] 3.40%  
Loan, Current Maturity 2033-07  
Mortgage Notes Payable [Member] | ICE Charleston [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 10,491 11,998
Loan, Interest Rate [1],[2] 4.21%  
Loan, Current Maturity 2027-01  
Mortgage Notes Payable [Member] | USFS II Albuquerque [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 9,624 11,603
Loan, Interest Rate [1],[2] 4.46%  
Loan, Current Maturity 2026-07  
Mortgage Notes Payable [Member] | VA Loma Linda [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 127,500 127,500
Loan, Interest Rate [1],[2] 3.59%  
Loan, Current Maturity 2027-07  
Mortgage Notes Payable [Member] | VA Golden [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding   8,447
Loan, Interest Rate [1],[2] 5.00%  
Loan, Current Maturity 2024-04  
Mortgage Notes Payable [Member] | USCIS - Kansas City [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding   51,500
Loan, Interest Rate [1],[2] 3.68%  
Loan, Current Maturity 2024-08  
2016 Term Loan Facility [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 100,000 100,000
Loan, Interest Rate [2],[3] 5.31%  
Loan, Current Maturity [4] 2025-01  
2018 Term Loan Facility [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 174,500 200,000
Loan, Interest Rate [2],[5] 5.23%  
Loan, Current Maturity 2026-07  
Term Loan Facility [Member]    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 274,500 300,000
Less: Total unamortized deferred financing fees (491) (892)
Total term loan facilities, net, Principal Outstanding $ 274,009 299,108
2017 series A senior notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 4.05%  
Loan, Current Maturity 2027-05  
2017 series A senior notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 95,000 95,000
2017 series B senior notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 4.15%  
Loan, Current Maturity 2029-05  
2017 series B senior notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 50,000 50,000
2017 series C senior notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 4.30%  
Loan, Current Maturity 2032-05  
2017 series C senior notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 30,000 30,000
2019 series A senior notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 3.73%  
Loan, Current Maturity 2029-09  
2019 series A senior notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 85,000 85,000
2019 series B senior notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 3.83%  
Loan, Current Maturity 2031-09  
2019 series B senior notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 100,000 100,000
2019 series C senior notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 3.98%  
Loan, Current Maturity 2034-09  
2019 series C senior notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 90,000 90,000
2021 Series A Senior Notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 2.62%  
Loan, Current Maturity 2028-10  
2021 Series A Senior Notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 50,000 50,000
2021 Series B Senior Notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 2.89%  
Loan, Current Maturity 2030-10  
2021 Series B Senior Notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 200,000 200,000
2024 Series A Senior Notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 6.56%  
Loan, Current Maturity 2033-05  
2024 Series A Senior Notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 150,000  
2024 Series B Senior Notes [Member]    
Debt Instrument [Line Items]    
Loan, Interest Rate [2] 6.56%  
Loan, Current Maturity 2033-08  
2024 Series B Senior Notes [Member] | Senior Unsecured Notes Payable    
Debt Instrument [Line Items]    
Loan, Principal Outstanding $ 50,000  
Revolving Credit Facility [Member]    
Debt Instrument [Line Items]    
Total revolving credit facility, Principal Outstanding [6] $ 274,550 $ 79,000
Loan, Interest Rate [2],[6],[7] S + 145bps (3)  
Loan, Current Maturity [6],[8] 2028-06  
[1] Effective interest rates are as follows: USFS II – Albuquerque 3.92%, ICE – Charleston 3.93%, VA – Loma Linda 3.78%, CBP – Savannah 4.12%.
[2] The current interest rate is not adjusted to include the amortization of deferred financing fees or debt issuance costs incurred in obtaining debt or any unamortized fair market value premiums.
[3] Our 2016 term loan facility (our “2016 term loan facility”) is subject to three interest rate swaps, all with effective dates of December 23, 2024 and an aggregate notional value of $100.0 million, which effectively fixes the interest rate at 5.31% annually. The spread over SOFR is based on our consolidated leverage ratio, as defined in our 2016 term loan facility agreement.
[4] On January 8, 2025, we entered into the ninth amendment to our senior unsecured term loan agreement, dated as of September 29, 2016, to extend the maturity date of our 2016 term loan facility from January 30, 2025 to January 28, 2028.
[5] Our 2018 term loan facility (as amended, our “2018 term loan facility”) is subject to two interest rate swaps with effective dates of June 23 and September 29, 2023 and an aggregate notional value of $200.0 million, of which $174.5 million is associated with our 2018 term loan facility, to effectively fix the interest rate on the $174.5 million at 5.23% annually. The spread over SOFR is based on our consolidated leverage ratio, as defined in our 2018 term loan facility agreement.
[6] $400.0 million 2024 revolving credit facility (the “2024 revolving credit facility”) had available capacity of $125.3 million at December 31, 2024, which includes an accordion feature that provides us with additional capacity of up to $300.0 million, subject to syndication of the increase and the satisfaction of customary terms and conditions.
[7] Our 2024 revolving credit facility is subject to one interest rate swap with an effective date of June 23, 2023 and a notional value of $100.0 million, of which $25.5 million is associated with our 2024 revolving credit facility, to effectively fix the interest rate
on the $25.5 million at 5.46% annually. The spread over the secured overnight financing rate (“SOFR”) is based on our consolidated leverage ratio, as defined in our 2024 revolving credit facility agreement. Additionally, at December 31, 2024, $249.1 million of amounts outstanding under our 2024 revolving credit facility had a floating rate of 4.31% under USD SOFR with a five day lookback.
[8] Our 2024 revolving credit facility has two six-month as-of-right extension options subject to certain conditions and the payment of an extension fee.