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Debt - Summary of Consolidated Indebtedness (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jul. 15, 2023
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]        
Long-term debt, gross [1],[2]     $ 1,881,087 $ 1,805,414
Net unamortized debt issuance costs     (11,186) (12,697)
Unamortized Premium     240 343
Secured Debt, Total     930,127 928,639
Unsecured notes payable, net     726,727 696,134
Total Indebtedness     1,870,141 1,793,060
Fund IV        
Debt Instrument [Line Items]        
Long-term debt, gross     36,200 $ 39,200
SOFR        
Debt Instrument [Line Items]        
Basis spread on variable rate 3.65% 2.61%   2.56%
Fund Portfolio | Fund III        
Debt Instrument [Line Items]        
Long-term debt, gross     33,000 $ 35,970
Mortgages        
Debt Instrument [Line Items]        
Net unamortized debt issuance costs     (7,313) (7,621)
Unamortized Premium     240 343
Secured Debt, Total     930,127 928,639
Mortgages | Fund Portfolio | Fund II        
Debt Instrument [Line Items]        
Long-term debt, gross [3]     137,485 133,655
Mortgages | Fund Portfolio | Fund IV        
Debt Instrument [Line Items]        
Long-term debt, gross [4]     115,925 146,230
Mortgages | Fund Portfolio | Fund V        
Debt Instrument [Line Items]        
Long-term debt, gross     458,960 426,224
Unsecured Term Loan        
Debt Instrument [Line Items]        
Net unamortized debt issuance costs     (3,873) (5,076)
Unsecured notes payable, net     726,727 696,134
Line of Credit        
Debt Instrument [Line Items]        
Unsecured notes payable, net [5]     213,287 168,287
Fixed Rate | Mortgages | Core Portfolio        
Debt Instrument [Line Items]        
Long-term debt, gross     $ 191,830 $ 193,838
Fixed Rate | Mortgages | Core Portfolio | Maximum        
Debt Instrument [Line Items]        
Interest rate, stated percentage     5.89% 5.89%
Maturity Date     2035-04  
Fixed Rate | Mortgages | Core Portfolio | Minimum        
Debt Instrument [Line Items]        
Interest rate, stated percentage     3.99% 3.88%
Maturity Date     2024-02  
Variable Rate Debt | Mortgages | SOFR | Fund II        
Debt Instrument [Line Items]        
Basis spread on variable rate [3]     2.61% 2.61%
Variable Rate Debt | Mortgages | Fund Portfolio | Fund V | Maximum        
Debt Instrument [Line Items]        
Maturity Date     2024-02  
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund IV | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate [4]       3.65%
Maturity Date [4]     2028-06  
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund IV | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate [4]       2.25%
Maturity Date [4]     2025-03  
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund V        
Debt Instrument [Line Items]        
Basis spread on variable rate       1.85%
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund V | Maximum        
Debt Instrument [Line Items]        
Maturity Date     2028-06  
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund II        
Debt Instrument [Line Items]        
Maturity Date [3]     2025-08  
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund IV | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate [4]     3.33%  
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund IV | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate [4]     2.25%  
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund V        
Debt Instrument [Line Items]        
Basis spread on variable rate       2.76%
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund V | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate     2.80%  
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund V | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate     1.61%  
Variable Rate Debt | Mortgages | Variable Rate | SOFR | Fund III        
Debt Instrument [Line Items]        
Basis spread on variable rate     3.75% 3.35%
Maturity Date     2025-10  
Subscription Line | Fund Portfolio | Fund V        
Debt Instrument [Line Items]        
Long-term debt, gross     $ 80,600 $ 51,200
Subscription Line | Unsecured Term Loan | Fund Portfolio | Fund V        
Debt Instrument [Line Items]        
Long-term debt, gross     $ 80,600 $ 51,210
Subscription Line | Unsecured Term Loan | Fund Portfolio | SOFR | Fund V        
Debt Instrument [Line Items]        
Interest rate, stated percentage     3.05% 1.86%
Maturity Date     2024-01  
Variable Rate Unsecured Term Loans | Unsecured Term Loan | Core Portfolio        
Debt Instrument [Line Items]        
Long-term debt, gross [5]     $ 650,000 $ 650,000
Variable Rate Unsecured Term Loans | Unsecured Term Loan | Core Portfolio | Maximum        
Debt Instrument [Line Items]        
Interest rate, stated percentage [5]       5.11%
Maturity Date [5]     2029-07  
Variable Rate Unsecured Term Loans | Unsecured Term Loan | Core Portfolio | Minimum        
Debt Instrument [Line Items]        
Interest rate, stated percentage [5]       3.74%
Maturity Date [5]     2026-06  
Variable Rate Unsecured Term Loans | Unsecured Term Loan | Core Portfolio | SOFR | Maximum        
Debt Instrument [Line Items]        
Interest rate, stated percentage [5]     2.05%  
Variable Rate Unsecured Term Loans | Unsecured Term Loan | Core Portfolio | SOFR | Minimum        
Debt Instrument [Line Items]        
Interest rate, stated percentage [5]     1.60%  
Variable Rate Unsecured Term Loans | Line of Credit | Core Portfolio | SOFR        
Debt Instrument [Line Items]        
Basis spread on variable rate [5]     1.45% 1.50%
Maturity Date [5]     2025-06  
[1] Includes $1,249.8 million and $1,264.0 million, respectively, of variable-rate debt that has been fixed with interest rate swap agreements as of the periods presented. The effective fixed rates ranged from 1.14% to 4.54%.
[2] Includes $151.4 million and $103.8 million, respectively, of variable-rate debt that is subject to interest cap agreements as of the periods presented. The effective fixed rates ranged from 3.0% to 5.50%.
[3] The Company has a total commitment of $198.0 million on the Fund II mortgage.
[4] Includes the outstanding balance on the Fund IV secured bridge facility of $36.2 million at December 31, 2023 and $39.2 million at December 31, 2022. The Operating Partnership has guaranteed up to $22.5 million of the Fund IV secured bridge facility (Note 9).
[5] The Company has entered into various swap agreements to effectively fix its interest costs on a portion of its Revolver and term loans at December 31, 2023 and 2022 (Note 8).