Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

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:

Building and building improvements:	25 – 40 years
Land improvements:	0 – 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 months ended March 31, 2026 and 2025 (in millions):

	Three Months Ended March 31,
	2026		2025
Dispositions to third parties
Cash proceeds	$	—	$	29.6
Gain on sale of real estate, net		—		6.9