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Debt - Summary of Consolidated Indebtedness (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Long-term debt, gross [1],[2] $ 1,814,472 $ 1,547,947
Net unamortized debt issuance costs (11,713) (10,893)
Unamortized premium 1,378 212
Secured Debt, Total 1,007,588 953,700
Unsecured notes payable, net 743,049 569,566
Total Indebtedness 1,804,137 1,537,266
Fund IV    
Debt Instrument [Line Items]    
Long-term debt, gross 36,200 36,200
Mortgages    
Debt Instrument [Line Items]    
Net unamortized debt issuance costs (4,762) (5,459)
Unamortized premium 1,378 212
Secured Debt, Total 1,007,588 953,700
Mortgages | Fund Portfolio | Fund II    
Debt Instrument [Line Items]    
Long-term debt, gross [3] 137,485 137,485
Mortgages | Fund Portfolio | Fund III    
Debt Instrument [Line Items]    
Long-term debt, gross 33,000 33,000
Mortgages | Fund Portfolio | Fund IV    
Debt Instrument [Line Items]    
Long-term debt, gross [4] 109,456 109,471
Mortgages | Fund Portfolio | Fund V    
Debt Instrument [Line Items]    
Long-term debt, gross $ 499,730 498,779
Unsecured Debt    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.40%  
Long-term debt, gross $ 75,000  
Net unamortized debt issuance costs (6,951) (5,434)
Unsecured notes payable, net 743,049 569,566
Line of Credit    
Debt Instrument [Line Items]    
Unsecured notes payable, net [5] 53,500 14,000
Fixed Rate | Mortgages | Core Portfolio    
Debt Instrument [Line Items]    
Long-term debt, gross $ 231,301 180,212
Fixed Rate | Mortgages | Core Portfolio | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 6.05%  
Maturity Date 2035-04  
Fixed Rate | Mortgages | Core Portfolio | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.99%  
Maturity Date 2026-11  
Variable Rate Debt | Mortgages | SOFR | Fund II    
Debt Instrument [Line Items]    
Basis spread on variable rate [3] 2.61%  
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%  
Maturity Date [4] 2028-06  
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund IV | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate [4] 2.15%  
Maturity Date [4] 2025-10  
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund V | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.10%  
Maturity Date 2028-06  
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund V | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.00%  
Maturity Date 2025-09  
Variable Rate Debt | Mortgages | Variable Rate | SOFR | Fund III    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.75%  
Maturity Date 2025-10  
Variable Rate Unsecured Term Loans | Unsecured Debt | Core Portfolio    
Debt Instrument [Line Items]    
Long-term debt, gross [5] $ 650,000 475,000
Variable Rate Unsecured Term Loans | Unsecured Debt | Core Portfolio | Maximum    
Debt Instrument [Line Items]    
Maturity Date [5] 2030-05  
Variable Rate Unsecured Term Loans | Unsecured Debt | Core Portfolio | Minimum    
Debt Instrument [Line Items]    
Maturity Date [5] 2028-04  
Variable Rate Unsecured Term Loans | Unsecured Debt | Core Portfolio | SOFR | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage [5] 1.75%  
Variable Rate Unsecured Term Loans | Unsecured Debt | Core Portfolio | SOFR | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage [5] 1.20%  
Variable Rate Unsecured Term Loans | Unsecured Debt | Core Senior Notes Portfolio    
Debt Instrument [Line Items]    
Long-term debt, gross $ 100,000 $ 100,000
Variable Rate Unsecured Term Loans | Unsecured Debt | Core Senior Notes Portfolio | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 5.94%  
Maturity Date 2029-08  
Variable Rate Unsecured Term Loans | Unsecured Debt | Core Senior Notes Portfolio | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 5.86%  
Maturity Date 2027-08  
Variable Rate Unsecured Term Loans | Line of Credit | Core Portfolio | SOFR    
Debt Instrument [Line Items]    
Basis spread on variable rate [5] 1.25%  
Maturity Date [5] 2028-04  
[1] As of June 30, 2025 and December 31, 2024, the Company had $1,072.8 million and $852.0 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 1.98% to 4.50%.
[2] Includes $111.2 million at each June 30, 2025 and December 31, 2024, of variable-rate debt that is subject to interest cap agreements as of the periods presented. The effective fixed rates ranged from 5.00% to 6.00%.
[3] The Company has a total borrowing capacity of $198.0 million on the Fund II property mortgage loan as of both June 30, 2025 and December 31, 2024.
[4] Includes the outstanding balance on the Fund IV secured bridge facility of $36.2 million as of both June 30, 2025 and December 31, 2024.
[5] The Company has entered into various swap agreements to effectively fix its interest costs on a portion of its Revolver and term loans as of June 30, 2025 and December 31, 2024 (Note 8).