Commitment and Contingencies

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

The Company is involved in various claims and litigation matters arising in the ordinary course of business, some of which involve claims for damages. Many of these matters are covered by insurance, although they may nevertheless be subject to deductibles or retentions. Although the ultimate liability for these matters cannot be determined, based upon information currently available, the Company believes the ultimate resolution of such claims and litigation will not have a material adverse effect on its financial position, results of operations or liquidity.

During the six months ended June 30, 2024, the Company acquired 22 investments related to build-to-suit arrangements with maximum contractual funding obligations of $173,064. During the six months ended June 30, 2024, the Company paid and/or accrued $30,100, resulting in a remaining maximum contractual obligation amount of $142,964 as of June 30, 2024. Our estimate of the Company’s total future commitments to complete the construction of the build-to-suit assets is $104,628 as of June 30, 2024.