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REAL ESTATE PROPERTIES - Summary, Acquisitions, Dispositions (Details)
12 Months Ended
Dec. 31, 2024
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Dec. 31, 2023
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Dec. 31, 2022
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Real Estate Companies Disclosures [Abstract]      
Land $ 888,140,000 $ 814,364,000  
Buildings and building improvements 3,815,850,000 3,336,615,000  
Tenant and other improvements 761,061,000 684,573,000  
Right-of-Use Assets - Ground Leases (operating) [1] 38,393,000 17,996,000  
Development and value-add properties [2] 674,472,000 639,647,000  
Total real estate properties, gross 6,177,916,000 5,493,195,000  
Less accumulated depreciation 1,415,576,000 1,273,723,000  
Real estate investment property, Net $ 4,762,340,000 $ 4,219,472,000  
World Houston 23      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²   125,000  
Date Sold   Mar. 31, 2023  
Disposal Group, Including Discontinued Operation, Consideration   $ 9,327,000  
Basis   4,518,000  
Recognized Gain   $ 4,809,000  
Ettie Business Center      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²   29,000  
Date Sold   Nov. 20, 2023  
Disposal Group, Including Discontinued Operation, Consideration   $ 11,638,000  
Basis   8,845,000  
Recognized Gain   $ 2,793,000  
Los Angeles Corporate Center [Member]      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²   77,000  
Date Sold   Dec. 29, 2023  
Disposal Group, Including Discontinued Operation, Consideration   $ 16,006,000  
Basis   5,643,000  
Recognized Gain   $ 10,363,000  
Metro Business Park [Member]      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²     189,000
Date Sold     Jan. 06, 2022
Disposal Group, Including Discontinued Operation, Consideration     $ 32,851,000
Basis     5,880,000
Recognized Gain     26,971,000
Cypress Creek Business Park [Member]      
Real Estate Companies Disclosures [Abstract]      
Right-of-Use Assets - Ground Leases (operating)     $ 1,745,000
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft² [3]     56,000
Date Sold [3]     Mar. 31, 2022
Disposal Group, Including Discontinued Operation, Consideration [3]     $ 5,282,000
Basis [3]     1,901,000
Recognized Gain [3]     3,381,000
Operating Lease, Liability     $ 1,745,000
World Houston 15 East      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²     42,000
Date Sold     May 11, 2022
Disposal Group, Including Discontinued Operation, Consideration     $ 12,873,000
Basis     2,226,000
Recognized Gain     $ 10,647,000
2023 dispositions      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²   231,000  
Disposal Group, Including Discontinued Operation, Consideration   $ 36,971,000  
Basis   19,006,000  
Recognized Gain   $ 17,965,000  
2022 Dispositions      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft²     287,000
Disposal Group, Including Discontinued Operation, Consideration     $ 51,006,000
Basis     10,007,000
Recognized Gain     $ 40,999,000
2023 land dispositions      
Real Estate Properties      
Acres of real estate investment property | ft²   11.9  
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Disposal Group, Including Discontinued Operation, Consideration   $ 4,750,000  
Recognized Gain   $ 446,000  
Interchange Business Park and Metro Airport Commerce Center      
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Size (square feet) | ft² 159,000    
Date Sold Mar. 05, 2024    
Disposal Group, Including Discontinued Operation, Consideration $ 13,614,000    
Basis 4,863,000    
Recognized Gain $ 8,751,000    
2024 land dispositions      
Real Estate Properties      
Acres of real estate investment property | ft² 5.4    
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]      
Disposal Group, Including Discontinued Operation, Consideration $ 4,261,000    
Recognized Gain $ 362,000    
Craig Corporate Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4]   156,000  
Date acquired [4]   Apr. 18, 2023  
Costs [4],[5]   $ 34,365,000  
Blue Diamond Business Park      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4]   254,000  
Date acquired [4]   Sep. 05, 2023  
Costs [4],[5]   $ 52,973,000  
McKinney Logistics Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4]   193,000  
Date acquired [4]   Oct. 02, 2023  
Costs [4],[5]   $ 25,739,000  
Park at Myatt      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4]   171,000  
Date acquired [4]   Nov. 03, 2023  
Costs [4],[5]   $ 30,793,000  
Pelzer Point Commerce Center I      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4]   213,000  
Date acquired [4]   Dec. 21, 2023  
Costs [4],[5]   $ 21,246,000  
Cebrian Distribution Center and Reed Distribution Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4],[6]     329,000
Date acquired [4],[6]     Jun. 01, 2022
Costs [4],[5],[6]     $ 49,726,000
6th Street Bus Cntr, Benicia Distrib Cntr 1-5, Ettie Bus Cntr, Laura Alice Bus Cntr, Preston Distrb Cntr, Sinclair Distrib Cntr, Transit Distrb Cntr and Whipple Bus Cntr      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4],[6]     1,377,000
Date acquired [4],[6]     Jun. 01, 2022
Costs [4],[5],[6]     $ 309,404,000
Cypress Preserve 1 & 2      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [7]     516,000
Date acquired [7]     Mar. 28, 2022
Costs [5],[7]     $ 54,462,000
Zephyr Distribution Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [7]     82,000
Date acquired [7]     Apr. 08, 2022
Costs [5],[7]     $ 29,017,000
Mesa Gateway Commerce Center      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [7]     147,000
Date acquired [7]     Apr. 15, 2022
Costs [5],[7]     $ 18,315,000
Access Point 3      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [7]     299,000
Date acquired [7]     Jul. 12, 2022
Costs [5],[7]     $ 21,127,000
2023 operating property acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4]   987,000  
Costs [4],[5]   $ 165,116,000  
2023 value-add acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [7]   0  
Costs [5],[7]   $ 0  
2023 acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [8]   987,000  
Costs [5],[8]   $ 165,116,000  
2022 operating property acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4]     1,706,000
Costs [4],[5]     $ 359,130,000
2022 value-add acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [7]     1,044,000
Costs [5],[7]     $ 122,921,000
2022 acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [8]     2,750,000
Costs [5],[8]     $ 482,051,000
Development land      
Real Estate Properties      
Acres of real estate investment property | a 61.1 328.3 456.3
Asset Acquisition [Abstract]      
Costs $ 13,762,000 $ 70,664,000 $ 123,717,000
Spanish Ridge Industrial Park      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4] 231,000    
Date acquired [4] Jan. 23, 2024    
Costs [4],[5] $ 54,859,000    
147 Exchange      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4] 274,000    
Date acquired [4] May 03, 2024    
Costs [4],[5] $ 52,945,000    
Hays Commerce Center 3 & 4      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4] 179,000    
Date acquired [4] Aug. 19, 2024    
Costs [4],[5] $ 35,781,000    
Riverpoint Industrial Park      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4] 779,000    
Date acquired [4] Nov. 12, 2024    
Costs [4],[5] $ 87,576,000    
DFW Global Logistics Centre 5-8      
Real Estate Companies Disclosures [Abstract]      
Right-of-Use Assets - Ground Leases (operating) $ 10,795,000    
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4],[9] 492,000    
Date acquired [4],[9] Nov. 21, 2024    
Costs [4],[5],[9] $ 75,852,000    
Akimel Gateway      
Real Estate Companies Disclosures [Abstract]      
Right-of-Use Assets - Ground Leases (operating) $ 11,041,000    
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4],[9] 519,000    
Date acquired [4],[9] Dec. 26, 2024    
Costs [4],[5],[9] $ 82,998,000    
2024 operating property acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [4] 2,474,000    
Costs [4],[5] $ 390,011,000    
2024 value-add acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [7] 0    
Costs [5],[7] $ 0    
2024 acquisitions      
Asset Acquisition [Abstract]      
Size (square feet) | ft² [8] 2,474,000    
Costs [5],[8] $ 390,011,000    
[1] See Ground Leases discussion below for information regarding the Company’s right of use assets for ground leases.
[2] Value-add properties are defined in Note 1(e).
[3] Cypress Creek Business Park is located on a ground lease. In conjunction with the sale of the property, the Company fully amortized the associated right-of-use asset and liability of $1,745,000.
[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.
[6] The Company acquired these operating properties along with two land parcels, also in Sacramento, CA and San Francisco, CA, in connection with its acquisition of Tulloch Corporation in June 2022. Size and cost are presented on an aggregate basis for the properties located in Sacramento, CA and San Francisco, CA, respectively. In consideration for this acquisition, the Company assumed a $60,000,000 loan and issued 1,868,809 shares of the Company’s common stock. The acquisition date fair value of the loan assumed was $60,000,000, and the acquisition date fair value of the common shares, which was based on the closing share price on the acquisition date, was $303,756,000.
[7] Value-add properties are defined in Note 1(e).
[8] Excludes acquired development land as detailed below.
[9] This operating property is located on land subject to a ground lease. See Ground Leases discussion below for information regarding the Company’s right of use assets for ground leases.