XML 78 R66.htm IDEA: XBRL DOCUMENT v3.26.1
Debt - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Aug. 28, 2024
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Jul. 23, 2025
Jun. 12, 2025
Jun. 11, 2025
Debt Instrument [Line Items]              
Debt issued   $ 2,632,709          
Secured Debt              
Debt Instrument [Line Items]              
Option to extend, period       1 year      
Mortgage notes and credit facilities              
Debt Instrument [Line Items]              
Mortgage notes and credit facilities, net   1,643,928   $ 1,832,997      
Unsecured term loan credit facility | Mortgage notes and credit facilities              
Debt Instrument [Line Items]              
Maximum borrowing capacity   $ 1,250,000          
Basis spread on variable rate   1.35%          
Debt issued   $ 1,250,000   1,250,000      
Unsecured term loan credit facility | Unsecured Debt | Mortgage notes and credit facilities              
Debt Instrument [Line Items]              
Maximum borrowing capacity           $ 1,250,000 $ 1,165,500
Unsecured term loan credit facility | Unsecured Debt | Mortgage notes and credit facilities | Derivatives Not Designated as hedging instruments              
Debt Instrument [Line Items]              
Weighted average interest rate   5.00%          
Unsecured term loan credit facility | Unsecured Debt | Mortgage notes and credit facilities | Derivatives Designated as hedging instruments              
Debt Instrument [Line Items]              
Weighted average interest rate   5.00%          
Unsecured term loan credit facility | Unsecured Debt | Mortgage notes and credit facilities | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.00%          
Unsecured term loan credit facility | Unsecured Debt | Mortgage notes and credit facilities | Fed Funds Effective Rate Overnight Index Swap Rate              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.50%          
Unsecured term loan credit facility | Unsecured Debt | Mortgage notes and credit facilities | Base Rate              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.00%          
Unsecured term loan credit facility | Unsecured Debt | Minimum | Mortgage notes and credit facilities | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.25%          
Unsecured term loan credit facility | Unsecured Debt | Maximum | Mortgage notes and credit facilities | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.85%          
Unsecured revolving credit facility | Mortgage notes and credit facilities              
Debt Instrument [Line Items]              
Maximum borrowing capacity   $ 2,610,000          
Basis spread on variable rate   1.40%          
Debt issued   $ 180,000   414,000      
Unsecured revolving credit facility | Revolving Credit Facility | Mortgage notes and credit facilities              
Debt Instrument [Line Items]              
Maximum borrowing capacity         $ 2,610,000 2,485,000 724,500
Line of credit facility, accordion feature, increase limit           $ 5,000 $ 3,200
Unsecured revolving credit facility | Revolving Credit Facility | Mortgage notes and credit facilities | Interest rate swaps              
Debt Instrument [Line Items]              
Earned an additional income   $ 0 $ 208        
Unsecured revolving credit facility | Revolving Credit Facility | Mortgage notes and credit facilities | Derivatives Not Designated as hedging instruments              
Debt Instrument [Line Items]              
Weighted average interest rate   5.01%          
Unsecured revolving credit facility | Revolving Credit Facility | Mortgage notes and credit facilities | Derivatives Designated as hedging instruments              
Debt Instrument [Line Items]              
Weighted average interest rate   4.81%          
Unsecured revolving credit facility | Revolving Credit Facility | Mortgage notes and credit facilities | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.00%          
Unsecured revolving credit facility | Revolving Credit Facility | Mortgage notes and credit facilities | Fed Funds Effective Rate Overnight Index Swap Rate              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.50%          
Unsecured revolving credit facility | Revolving Credit Facility | Mortgage notes and credit facilities | Base Rate              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.00%          
Unsecured revolving credit facility | Revolving Credit Facility | Minimum | Mortgage notes and credit facilities | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.30%          
Unsecured revolving credit facility | Revolving Credit Facility | Minimum | Mortgage notes and credit facilities | CORRA              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.30%          
Unsecured revolving credit facility | Revolving Credit Facility | Maximum | Mortgage notes and credit facilities | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.90%          
6.24% Senior Notes, Series A, due August 28, 2028              
Debt Instrument [Line Items]              
Basis spread on variable rate 6.24%            
Debt issued $ 29,000            
6.32% Senior Notes, Series B, due August 28, 2029              
Debt Instrument [Line Items]              
Basis spread on variable rate 6.32%            
Debt issued $ 38,500            
6.40% Senior Notes, Series C, due August 28, 2030              
Debt Instrument [Line Items]              
Basis spread on variable rate 6.40%            
Debt issued $ 39,500            
6.43% Senior Notes, Series D, due August 28, 2031              
Debt Instrument [Line Items]              
Basis spread on variable rate 6.43%            
Debt issued $ 23,000            
Master Repurchase Agreement | Secured Debt              
Debt Instrument [Line Items]              
Maximum borrowing capacity   $ 1,750,000          
Basis spread on variable rate   1.68%          
Secured financings of investments in real estate debt   $ 817,170   757,069      
Debt instrument, collateral amount   556,370   497,710      
Master Repurchase Agreement | Secured Debt | Commercial Real Estate Loans              
Debt Instrument [Line Items]              
Debt instrument, collateral amount   $ 669,465   $ 631,980      
Master Repurchase Agreement | Secured Overnight Financing Rate (SOFR) | Secured Debt              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.68%          
Master Repurchase Agreement | Minimum | Secured Debt              
Debt Instrument [Line Items]              
Debt instrument, term       1 month      
Option to extend, period       1 month      
Master Repurchase Agreement | Maximum | Secured Debt              
Debt Instrument [Line Items]              
Debt instrument, term       3 months      
Option to extend, period       3 months