Lease Accounting (Tables)

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Schedule of Operating Lease, Lease Income

The following table presents the Company’s classification of rental revenue for its operating leases and sales-type lease for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
Classification	2026		2025
Fixed	$	70,319	$	72,890
Variable(1)	14,657		15,003
Total	$	84,976	$	87,893

(1) Primarily comprised of tenant reimbursements.

Schedule of Lessor, Operating Lease, Payments to be Received, Maturity

Future fixed rental receipts for operating leases assuming no new or re-negotiated leases as of March 31, 2026 were as follows:

	Operating
2026 - remainder	$	207,901
2027	256,756
2028	224,579
2029	196,915
2030	148,536
2031	108,337
Thereafter	291,606
Total	$	1,434,630

Schedule of Lease, Cost

Supplemental information related to operating leases is as follows:

	Three Months Ended
	March 31, 2026		March 31, 2025
Weighted-average remaining lease term
Operating leases (years)	2.2		8.7
Weighted-average discount rate
Operating leases	4.1	%	4.2	%

The components of lease expense for the three months ended March 31, 2026 and 2025 were as follows:

Income Statement Classification	Fixed		Variable		Total
2026:
Property operating	$	811	$	—	$	811
General and administrative(1)	471		73		544
Total	$	1,282	$	73	$	1,355
2025:
Property operating	$	859	$	15	$	874
General and administrative	475		66		541
Total	$	1,334	$	81	$	1,415

(1) For the three months ended March 31, 2026 and 2025, the general and administrative lease expense excludes a reduction of $223 and $226, respectively, to lease expense for the sublease of the Company's office space in New York, New York.

Schedule of Lessee, Operating Lease, Liability, Maturity

The following table shows the Company's maturity analysis of its operating lease liabilities as of March 31, 2026:

	Operating Leases
2026 - remainder	$	2,950
2027	3,775
2028	1,163
2029	326
2030	109
2031	—
Thereafter	—
Total lease payments	$	8,323
Less: Imputed interest	(409)
Present value of lease liabilities	$	7,914