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REAL ESTATE PROPERTY ACQUISITIONS AND ACQUIRED INTANGIBLES (Details)
3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
ft²
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
ft²
Asset Acquisition [Line Items]      
Amortization expense for lease intangibles $ 1,926,000 $ 1,962,000  
Amortization of above and below market leases (607,000) $ (599,000)  
Land 835,795,000   $ 814,364,000
Building and building improvements 3,382,163,000   3,336,615,000
Tenant and other improvements 692,300,000   684,573,000
In-place lease intangibles 38,851,000   39,600,000
Below market lease intangibles 10,640,000   11,451,000
2024 Acquisitions      
Asset Acquisition [Line Items]      
Land 18,855,000    
Building and building improvements 31,003,000    
Tenant and other improvements 2,208,000    
Total real estate properties acquired 52,066,000    
In-place lease intangibles [1] 2,714,000    
Below market lease intangibles [2] (42,000)    
Assets acquired, net of liabilities assumed $ 54,859,000    
Weighted average remaining lease term of acquired properties 6 years 2 months 12 days    
Above market lease intangibles [1] $ 121,000    
2024 Operating Property Acquisitions | Spanish Ridge Industrial Park      
Asset Acquisition [Line Items]      
Size (square feet) | ft² [3],[4] 231,000    
Date Acquired [3],[4] Jan. 23, 2024    
Asset Acquisition, Consideration Transferred [3],[4],[5] $ 54,859,000    
2024 development land acquisitions      
Asset Acquisition [Line Items]      
Acres of real estate investment property | ft² 34.3    
Payments to Acquire Land $ 3,302,000    
2023 Acquisitions      
Asset Acquisition [Line Items]      
Land     44,676,000
Building and building improvements     111,082,000
Tenant and other improvements     4,346,000
Total real estate properties acquired     160,104,000
In-place lease intangibles [1]     7,242,000
Below market lease intangibles [2]     (2,230,000)
Assets acquired, net of liabilities assumed     $ 165,116,000
Weighted average remaining lease term of acquired properties     8 years
2023 Operating Property Acquisitions      
Asset Acquisition [Line Items]      
Size (square feet) | ft² [3],[4]     987,000
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 165,116,000
2023 Operating Property Acquisitions | Craig Corporate Center      
Asset Acquisition [Line Items]      
Size (square feet) | ft² [3],[4]     156,000
Date Acquired [3],[4]     Apr. 18, 2023
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 34,365,000
2023 Operating Property Acquisitions | Blue Diamond Business Park      
Asset Acquisition [Line Items]      
Size (square feet) | ft² [3],[4]     254,000
Date Acquired [3],[4]     Sep. 05, 2023
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 52,973,000
2023 Operating Property Acquisitions | McKinney Logistics Center      
Asset Acquisition [Line Items]      
Size (square feet) | ft² [3],[4]     193,000
Date Acquired [3],[4]     Oct. 02, 2023
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 25,739,000
2023 Operating Property Acquisitions | Park at Myatt      
Asset Acquisition [Line Items]      
Size (square feet) | ft² [3],[4]     171,000
Date Acquired [3],[4]     Nov. 03, 2023
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 30,793,000
2023 Operating Property Acquisitions | Pelzer Point Commerce Center 1      
Asset Acquisition [Line Items]      
Size (square feet) | ft² [3],[4]     213,000
Date Acquired [3],[4]     Dec. 21, 2023
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 21,246,000
2023 development land acquisitions      
Asset Acquisition [Line Items]      
Acres of real estate investment property | ft²     328.3
Payments to Acquire Land     $ 70,664,000
[1] In-place lease intangibles and above market lease intangibles are each included in Other assets on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.
[2] Below market lease intangibles are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.
[3] Excludes acquired development land as discussed below.
[4] Operating properties are defined as stabilized real estate properties (land including buildings and improvements) in the Company’s operating portfolio; included in Real estate properties on the Consolidated Balance Sheets.
[5] Cost is calculated in accordance with FASB ASC 805, Business Combinations, and represents the sum of the purchase price, closing costs and capitalized acquisition costs.