XML 77 R60.htm IDEA: XBRL DOCUMENT v3.25.4
Borrowing Arrangements - Unsecured Debt (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Mar. 01, 2023
Jul. 31, 2025
May 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument            
Total       $ 3,345,866    
Line of credit proceeds       $ 895,000 $ 589,500 $ 521,000
Weighted Average | RVC            
Debt Instrument            
Effective Interest Rate       5.01%    
Line of Credit            
Debt Instrument            
Line of credit remaining borrowing amount       $ 394,900    
Line of Credit | Revolving Credit Facility            
Debt Instrument            
Carrying Value       $ 105,000 $ 77,000  
Effective Interest Rate         5.65%  
Variable rate basis adjustment (percent) 0.10%     0.10%    
Line of Credit | Revolving Credit Facility | Maximum            
Debt Instrument            
Variable rate (percent) 1.65%     1.65%    
Line of Credit | Revolving Credit Facility | Minimum            
Debt Instrument            
Variable rate (percent) 1.25%     1.25%    
Unsecured Debt And Line Of Credit            
Debt Instrument            
Less: Deferred Financing Costs, net       $ (2,545) $ (656)  
Total       542,455 276,344  
$240.0 Million Term Loan | Unsecured Debt            
Debt Instrument            
Carrying Value       $ 240,000 $ 0  
Effective Interest Rate       4.74% 0.00%  
Line of credit proceeds   $ 90,000 $ 150,000      
Face amount       $ 240,000    
$240.0 Million Term Loan | Unsecured Debt | Maximum            
Debt Instrument            
Variable rate (percent)       1.70%    
$240.0 Million Term Loan | Unsecured Debt | Minimum            
Debt Instrument            
Variable rate (percent)       1.20%    
$200.0 Million Term Loan | Unsecured Debt            
Debt Instrument            
Carrying Value       $ 200,000 $ 200,000  
Effective Interest Rate       4.88% 4.88%  
Variable rate basis adjustment (percent)       0.10%    
Face amount       $ 200,000    
$200.0 Million Term Loan | Unsecured Debt | Maximum            
Debt Instrument            
Variable rate (percent)       1.70%    
$200.0 Million Term Loan | Unsecured Debt | Minimum            
Debt Instrument            
Variable rate (percent)       1.20%