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REAL ESTATE PROPERTY ACQUISITIONS AND ACQUIRED INTANGIBLES (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
USD ($)
ft²
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
ft²
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
ft²
Asset Acquisition [Line Items]          
Amortization expense for lease intangibles $ 2,009,000 $ 1,895,000 $ 5,828,000 $ 6,031,000  
Amortization of above and below market leases 612,000 $ 560,000 1,765,000 $ 1,855,000  
Land 876,198,000   876,198,000   $ 814,364,000
Building and building improvements 3,562,908,000   3,562,908,000   3,336,615,000
Tenant and other improvements 727,945,000   727,945,000   684,573,000
In-place lease intangibles 43,286,000   43,286,000   39,600,000
Above market lease intangibles 582,000   582,000   482,000
Below market lease intangibles 12,953,000   12,953,000   11,451,000
2024 Acquisitions          
Asset Acquisition [Line Items]          
Land 34,778,000   34,778,000    
Building and building improvements 96,218,000   96,218,000    
Tenant and other improvements 6,371,000   6,371,000    
Total real estate properties acquired 137,367,000   137,367,000    
In-place lease intangibles [1] 8,659,000   8,659,000    
Above market lease intangibles [1] 121,000   121,000    
Below market lease intangibles [2] (2,562,000)   (2,562,000)    
Assets acquired, net of liabilities assumed $ 143,585,000   $ 143,585,000    
Weighted average remaining lease term of acquired properties 5 years 8 months 12 days   5 years 8 months 12 days    
2024 Operating Property Acquisitions          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [3],[4] 684,000   684,000    
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 143,585,000    
2024 Operating Property Acquisitions | Spanish Ridge Industrial Park          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [3],[4] 231,000   231,000    
Date Acquired [3],[4]     Jan. 23, 2024    
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 54,859,000    
2024 Operating Property Acquisitions | 147 Exchange          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [3],[4] 274,000   274,000    
Date Acquired [3],[4]     May 03, 2024    
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 52,945,000    
2024 Operating Property Acquisitions | Hays Commerce Center 3 & 4          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [3],[4] 179,000   179,000    
Date Acquired [3],[4]     Aug. 19, 2024    
Asset Acquisition, Consideration Transferred [3],[4],[5]     $ 35,781,000    
2024 development land acquisitions          
Asset Acquisition [Line Items]          
Acres of real estate investment property | ft² 34.3   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.