Annual report pursuant to Section 13 and 15(d)

Mortgage Notes Payable and Credit Facility - Additional Information (Details)

v3.22.4
Mortgage Notes Payable and Credit Facility - Additional Information (Details)
1 Months Ended
Sep. 27, 2022
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Aug. 18, 2022
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Feb. 11, 2021
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Jul. 02, 2019
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Oct. 27, 2017
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Oct. 31, 2015
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Dec. 31, 2022
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property
mortgage
Aug. 17, 2022
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Dec. 31, 2021
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Jul. 01, 2019
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Oct. 26, 2017
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Debt Instrument [Line Items]                      
Number of properties collateralized in mortgage notes payable | property             133        
Long-term debt             $ 749,206,000   $ 707,526,000    
Borrowings under revolving credit facility, net             $ 23,250,000   33,550,000    
Weighted average interest rate on debt outstanding             5.03%        
Mortgage notes payable                      
Debt Instrument [Line Items]                      
Number of mortgage notes payable | mortgage             44        
Number of properties collateralized in mortgage notes payable | property             50        
Net book value of collateralized mortgage properties             $ 555,900,000        
Fair value of mortgage notes payable outstanding             333,100,000        
Long-term debt             359,389,000   $ 449,944,000    
Carrying value             $ 362,037,000        
Weighted average interest rate on debt outstanding             4.24%        
Line of credit                      
Debt Instrument [Line Items]                      
Line of credit facility, maximum borrowing capacity           $ 85,000,000          
Reduction at each of the leverage tiers       0.10%              
Borrowings under revolving credit facility, net             $ 393,300,000        
Line of credit at an interest rate             5.75%        
Letters of credit, outstanding             $ 15,600,000        
Line of credit facility, maximum additional amount drawn             $ 48,300,000        
Letter of credit                      
Debt Instrument [Line Items]                      
Weighted average interest rate on debt outstanding             1.50%        
Revolving credit facility                      
Debt Instrument [Line Items]                      
Line of credit facility, maximum borrowing capacity $ 125,000,000 $ 120,000,000   $ 100,000,000     $ 125,000,000 $ 100,000,000   $ 85,000,000  
Revolving credit facility | Line of credit                      
Debt Instrument [Line Items]                      
Debt instrument term       4 years              
Debt instrument, fee       $ 1,300,000              
Variable Rate Term Loan Facility A                      
Debt Instrument [Line Items]                      
Line of credit facility, maximum borrowing capacity       $ 160,000,000 $ 75,000,000   160,000,000     $ 75,000,000 $ 25,000,000
Stated interest rate 3.70%                    
Variable Rate Term Loan Facility A | LIBOR                      
Debt Instrument [Line Items]                      
Spread on LIBOR         2.75%            
Variable Rate Term Loan Facility A | Line of credit                      
Debt Instrument [Line Items]                      
Line of credit facility, maximum borrowing capacity           85,000,000          
Debt instrument term       5 years              
Reduction at each of the leverage tiers         0.25%            
Variable Rate Term Loan Facility A | Minimum | LIBOR                      
Debt Instrument [Line Items]                      
Spread on LIBOR       2.50%              
Variable Rate Term Loan Facility A | Maximum | LIBOR                      
Debt Instrument [Line Items]                      
Spread on LIBOR       2.75%              
Variable Rate Term Loan Facility B                      
Debt Instrument [Line Items]                      
Line of credit facility, maximum borrowing capacity   60,000,000 $ 65,000,000       60,000,000        
Debt instrument, fee     500,000                
Line of credit facility, delayed funding component     $ 15,000,000                
Carrying value             60,000,000        
Variable Rate Term Loan Facility B | Minimum                      
Debt Instrument [Line Items]                      
Spread on LIBOR     1.40%                
Variable Rate Term Loan Facility B | Minimum | LIBOR                      
Debt Instrument [Line Items]                      
Spread on LIBOR     1.50%                
Floor on LIBOR     0.25%                
Variable Rate Term Loan Facility B | Maximum                      
Debt Instrument [Line Items]                      
Spread on LIBOR     2.25%                
Variable Rate Term Loan Facility B | Maximum | LIBOR                      
Debt Instrument [Line Items]                      
Spread on LIBOR     1.75%                
Variable Rate Term Loan Facility C                      
Debt Instrument [Line Items]                      
Line of credit facility, maximum borrowing capacity $ 150,000,000 $ 140,000,000         150,000,000        
Debt instrument, fee $ 4,200,000                    
Carrying value             $ 150,000,000        
Variable Rate Term Loan Facility C | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate                      
Debt Instrument [Line Items]                      
Spread on LIBOR 3.15% 1.25%                  
Variable Rate Term Loan Facility C | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate                      
Debt Instrument [Line Items]                      
Spread on LIBOR 3.75% 1.95%                  
Five year term loan facility | Line of credit                      
Debt Instrument [Line Items]                      
Line of credit facility, maximum borrowing capacity           $ 25,000,000          
Debt instrument term           5 years          
Reduction at each of the leverage tiers           0.05%