Quarterly report [Sections 13 or 15(d)]

Mortgage Notes Payable, Credit Facility, Unsecured Term Loan, and Senior Unsecured Notes - Narrative (Details)

v3.25.3
Mortgage Notes Payable, Credit Facility, Unsecured Term Loan, and Senior Unsecured Notes - Narrative (Details)
3 Months Ended 9 Months Ended
May 30, 2025
USD ($)
Dec. 18, 2024
USD ($)
Sep. 27, 2022
USD ($)
Aug. 18, 2022
USD ($)
Sep. 30, 2025
USD ($)
property
mortgage
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
property
mortgage
Sep. 30, 2024
USD ($)
Sep. 18, 2025
USD ($)
Sep. 17, 2025
USD ($)
Dec. 31, 2024
USD ($)
Aug. 17, 2022
USD ($)
Debt Instrument [Line Items]                        
Number of properties collateralized in mortgage notes payable | property         45   45          
Payments of deferred financing costs             $ 818,000 $ 43,000 [1]        
Estimated reclassification from AOCI to interest expenses             300,000          
Carrying value         $ 843,285,000   843,285,000       $ 693,385,000  
Line of credit outstanding         145,370,000   145,370,000       1,900,000  
Line of Credit                        
Debt Instrument [Line Items]                        
Line of credit outstanding         $ 495,400,000   $ 495,400,000          
Weighted average interest rate         5.55%   5.55%          
Letters of credit, outstanding         $ 2,100,000   $ 2,100,000          
Maximum additional amount that can be drawn under line of credit         $ 6,200,000   $ 6,200,000          
Letter of Credit                        
Debt Instrument [Line Items]                        
Weighted average interest rate         1.35%   1.35%          
Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Repayments of debt   $ 55,000,000                    
Mortgage Notes Payable                        
Debt Instrument [Line Items]                        
Number of mortgage notes payable | mortgage         39   39          
Number of properties collateralized in mortgage notes payable | property         45   45          
Net book value of collateralized mortgage properties         $ 430,600,000   $ 430,600,000          
Fair value of mortgage notes payable         244,800,000   244,800,000          
Carrying value         $ 255,528,000   $ 255,528,000       269,579,000  
Fixed rate mortgage loans                        
Debt Instrument [Line Items]                        
Number of properties collateralized in mortgage notes payable | property         45   45          
Payments of deferred financing costs         $ 600,000 $ 0 $ 800,000 $ 40,000.00        
Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity     $ 125,000,000 $ 120,000,000 155,000,000   155,000,000   $ 155,000,000 $ 125,000,000   $ 100,000,000
Variable rate term loan facility A                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity         160,000,000   160,000,000          
Variable rate term loan facility B                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity       60,000,000 60,000,000   60,000,000          
Repayments of debt   20,000,000                    
Variable rate term loan facility C                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity     150,000,000 $ 140,000,000 150,000,000   150,000,000          
Debt instrument fees incurred     $ 4,200,000           $ 500,000      
Variable rate term loan facility C | Minimum                        
Debt Instrument [Line Items]                        
Spread on debt     3.15% 1.25%                
Variable rate term loan facility C | Maximum                        
Debt Instrument [Line Items]                        
Spread on debt     3.75% 1.95%                
Variable rate term loan D | Line of Credit                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity $ 20,000,000       20,000,000   20,000,000       20,000,000  
Variable rate term loan D | Minimum | Line of Credit                        
Debt Instrument [Line Items]                        
Spread on debt 1.55%                      
Variable rate term loan D | Maximum | Line of Credit                        
Debt Instrument [Line Items]                        
Spread on debt 2.00%                      
Senior Notes | Senior Notes, 2029                        
Debt Instrument [Line Items]                        
Face amount   $ 75,000,000     75,000,000   75,000,000       $ 75,000,000  
Carrying value         74,100,000   74,100,000          
Long term debt fair value         $ 74,300,000   $ 74,300,000          
[1] Prior period conformed to current presentation.