Quarterly report pursuant to Section 13 or 15(d)

Debt, Net - Credit Agreement (Details)

v3.23.2
Debt, Net - Credit Agreement (Details)
 6 Months Ended
Jun. 29, 2023
USD ($)
qtr
Nov. 12, 2021
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Aug. 09, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 01, 2022
USD ($)
Feb. 28, 2022
USD ($)
Feb. 10, 2022
USD ($)
Debt Instrument [Line Items]                  
Debt instrument, term     3 years 4 months 24 days            
Repayments of term loans     $ 175,000,000 $ 0          
Proceeds from credit facility revolver     175,000,000 $ 70,000,000          
Interest Rate Swap                  
Debt Instrument [Line Items]                  
Derivative, notional amount             $ 175,000,000    
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 $ 355,000,000
Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Credit facilities     175,000,000     $ 0      
Commitment fee percentage 0.25%                
Revolving Credit Facility | Subsequent Event                  
Debt Instrument [Line Items]                  
Escrow deposit         $ 28,000,000        
Revolving Credit Facility | Interest Rate Swap | Subsequent Event                  
Debt Instrument [Line Items]                  
Borrowing capacity         $ 175,000,000        
Revolving Credit Facility | 3.92%, due November 12, 2023                  
Debt Instrument [Line Items]                  
Debt instrument, face amount           $ 175,000,000      
Effective interest rate percentage           3.92%      
Revolving Credit Facility | 3.92%, due November 12, 2023 | Interest Rate Swap                  
Debt Instrument [Line Items]                  
Derivative, notional amount           $ 175,000,000      
Revolving Credit Facility | Line of Credit                  
Debt Instrument [Line Items]                  
Debt instrument, term   3 years              
Borrowing capacity   $ 425,000,000              
Credit facilities     175,000,000            
Remaining borrowing capacity     250,000,000            
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, unencumbered asset value, minimum $ 600,000,000                
Covenant, unsecured debt to total unencumbered assets, threshold 0.35                
Covenant measurement period - number of consecutive quarters | qtr 2                
Period within which to grant administrative agent a first priority lien on all property included in pool 90 days                
Revolving Credit Facility | Line of Credit | SOFR                  
Debt Instrument [Line Items]                  
Variable rate 0.10%                
Revolving Credit Facility | Line of Credit | Term SOFR                  
Debt Instrument [Line Items]                  
Variable rate 3.25%                
Revolving Credit Facility | Line of Credit | Base Rate                  
Debt Instrument [Line Items]                  
Variable rate 2.25%                
Revolving Credit Facility | Letter of Credit                  
Debt Instrument [Line Items]                  
Borrowing capacity   $ 25,000,000 $ 25,000,000            
Bridge Facility | Line of Credit                  
Debt Instrument [Line Items]                  
Debt instrument, term   6 months              
Borrowing capacity   $ 355,000,000