Quarterly report [Sections 13 or 15(d)]

Debt, Net - Credit Agreement (Details)

v3.25.1
Debt, Net - Credit Agreement (Details)
 3 Months Ended
May 03, 2024
USD ($)
Jun. 29, 2023
USD ($)
fiscal_quarter
Nov. 12, 2021
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
May 02, 2024
USD ($)
Nov. 13, 2023
USD ($)
Dec. 31, 2022
USD ($)
Feb. 10, 2022
USD ($)
Debt Instrument [Line Items]                  
Debt instrument, term       1 year 9 months 18 days          
Principal amount outstanding       $ 132,000,000 $ 119,000,000        
Interest Rate Swap                  
Debt Instrument [Line Items]                  
Derivative notional amount               $ 175,000,000  
Interest Rate Collar | Designated as Hedging Instrument                  
Debt Instrument [Line Items]                  
Derivative notional amount       60,000,000 $ 60,000,000     $ 60,000,000  
Interest Rate Collar on $25.0 Million | Designated as Hedging Instrument                  
Debt Instrument [Line Items]                  
Derivative notional amount             $ 25,000,000    
Interest Rate Collar on $25.0 Million | Designated as Hedging Instrument | Minimum                  
Debt Instrument [Line Items]                  
Benchmark rate (percent)             4.20%    
Interest Rate Collar on $25.0 Million | Designated as Hedging Instrument | Maximum                  
Debt Instrument [Line Items]                  
Benchmark rate (percent)             5.50%    
Interest Rate Collar on $35.0 Million | Designated as Hedging Instrument                  
Debt Instrument [Line Items]                  
Derivative notional amount             $ 35,000,000    
Interest Rate Collar on $35.0 Million | Designated as Hedging Instrument | Minimum                  
Debt Instrument [Line Items]                  
Benchmark rate (percent)             4.035%    
Interest Rate Collar on $35.0 Million | Designated as Hedging Instrument | Maximum                  
Debt Instrument [Line Items]                  
Benchmark rate (percent)             5.50%    
Senior Term Loan | Credit Facility Term Loan, Net                  
Debt Instrument [Line Items]                  
Debt instrument, term     2 years            
Borrowing capacity     $ 175,000,000            
Repayments of term loans   $ 175,000,000              
Optional term extension period   18 months              
Mortgages Payable | CMBS Loan                  
Debt Instrument [Line Items]                  
Debt instrument, face amount                 $ 355,000,000
Credit Facility Revolver                  
Debt Instrument [Line Items]                  
Effective interest rate (percent)               3.92%  
Credit Facility Revolver | Line of Credit                  
Debt Instrument [Line Items]                  
Debt instrument, term     3 years            
Borrowing capacity $ 350,000,000   $ 425,000,000     $ 425,000,000      
Debt instrument, face amount               $ 175,000,000  
Principal amount outstanding       132,000,000          
Remaining borrowing capacity       $ 218,000,000          
Line of credit facility, decrease, net 75,000,000                
Covenant, unencumbered asset value, minimum $ 500,000,000 $ 500,000,000       $ 600,000,000      
Effective interest rate (percent)       7.66%          
Commitment fee (percent)   0.25%   0.25%          
Unrestricted cash and cash equivalents   $ 25,000,000              
Covenant, total debt to total asset value, maximum   0.60              
Covenant, adjusted EBITDA to fixed charges, minimum   1.50              
Covenant, secured debt to total asset value, maximum   0.40              
Covenant, unsecured debt to unencumbered asset value, maximum   0.60              
Covenant, unencumbered real properties to unsecured interest expense, minimum   2.00              
Covenant, unsecured debt to total unencumbered assets, threshold   0.35              
Covenant measurement period - number of consecutive quarters | fiscal_quarter   2              
Period within which to grant administrative agent a first priority lien on all property included in pool   90 days              
Credit Facility Revolver | Line of Credit | SOFR                  
Debt Instrument [Line Items]                  
Spread on variable rate (percent) 0.10%                
Credit Facility Revolver | Line of Credit | Term SOFR                  
Debt Instrument [Line Items]                  
Spread on variable rate (percent) 3.25%                
Credit Facility Revolver | Line of Credit | Base Rate                  
Debt Instrument [Line Items]                  
Spread on variable rate (percent) 2.25%                
Credit Facility Revolver | Letter of Credit                  
Debt Instrument [Line Items]                  
Borrowing capacity     $ 25,000,000            
Remaining borrowing capacity       $ 25,000,000