Quarterly report pursuant to Section 13 or 15(d)

Debt, Net - Credit Agreement (Details)

v3.23.3
Debt, Net - Credit Agreement (Details)
 9 Months Ended
Jun. 29, 2023
USD ($)
qtr
Nov. 12, 2021
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
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 1 month 6 days          
Repayments of term loans     $ 175,000,000 $ 0        
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%              
Escrow deposit     33,200,000          
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