Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

Accounting Policies [Abstract]

Summary of Estimated Useful Lives

Depreciation of real estate assets, excluding land, is recognized on a straight-line basis over their estimated useful lives which generally range between:

Buildings:	25 – 40 years
Site improvements:	5 – 15 years
Tenant improvements:	shorter of the estimated useful life or non-cancelable term of lease

Schedule of Gain on Sale of Real Estate

The following table summarizes the Company’s gain on sale of real estate, net during the three and six months ended June 30, 2025 and 2024 (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Dispositions to third parties
Cash proceeds	$	23.0	$	40.4	$	52.6	$	87.7
Gain on sale of real estate, net		2.0		2.0		8.9		3.2