Significant Transactions During the Three Months Ended March 31, 2026 and Subsequent Events

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Significant Transactions During the Three Months Ended March 31, 2026 and Subsequent Events

Significant Transactions During the Three Months Ended March 31, 2026 and Subsequent Events

Significant Transactions

Notes Receivable

In February 2026, the Company funded a $59.5 million related party bridge loan to Wesco V, a co-investment, in connection with the payoff of a mortgage associated with one of Wesco V’s properties located in Northern California. The note receivable accrues interest at 5.00% and is scheduled to mature in September 2026.

Common Stock

During the three months ended March 31, 2026, the Company repurchased and retired 205,740 shares of the Company's common stock through the Company's stock repurchase plan, totaling $50.2 million, including commissions, at an average price per share of $244.06. As a result, as of March 31, 2026, the Company had $252.5 million of purchase authority remaining under the Company's $500.0 million stock repurchase plan.

Subsequent Events

In April 2026, the Company repaid $450.0 million of senior unsecured notes due on April 15, 2026, at maturity.