Quarterly report pursuant to Section 13 or 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Details)

v3.22.2.2
Credit Facility, Notes Payable and Derivative Instruments (Details)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2020
USD ($)
Apr. 27, 2020
USD ($)
Mar. 31, 2016
USD ($)
Sep. 30, 2022
USD ($)
contract
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
contract
Sep. 30, 2022
USD ($)
contract
Sep. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Aug. 02, 2022
USD ($)
contract
Jul. 08, 2022
USD ($)
Notes Payable and Revolving Credit Facility                      
Increase (Decrease) in Security Deposits             $ 864 $ 260      
Debt Instrument, Term             4 years 2 months 4 days   4 years 3 months 10 days    
Number of loans | contract       4   4 4        
Note balance       $ 58,409   $ 58,409 $ 58,409   $ 57,769    
Line Of Credit Cash Paid Other             3,215 6,177      
Additional Interest Expense             10,615        
Derivative asset       36,926   $ 36,926 36,926   1,236    
Derivative liability                 $ 7,790    
Interest expense       $ 6,963 $ 4,830   $ 17,166 14,887      
Weighted average interest rate basis       3.90%   3.90% 3.90%   2.87%    
Interest Rate Swap [Member]                      
Notes Payable and Revolving Credit Facility                      
Number of interest rate swaps entered | contract       6   6 6        
Derivative asset       $ 36,926   $ 36,926 $ 36,926        
Derivative liability                 $ 6,554    
Interest Rate Swap Agreement Two [Member]                      
Notes Payable and Revolving Credit Facility                      
Derivative fixed rate       1.61%   1.61% 1.61%        
Interest Rate Swap Agreement Three [Member]                      
Notes Payable and Revolving Credit Facility                      
Derivative fixed rate       1.45%   1.45% 1.45%        
Forward Starting Interest Rate Swaps [Member]                      
Notes Payable and Revolving Credit Facility                      
Number of interest rate swaps entered | contract       9   9 9        
Credit Facility [Member]                      
Notes Payable and Revolving Credit Facility                      
Credit Facility maximum borrowing capacity       $ 900,000   $ 900,000 $ 900,000        
Credit facility extension option period             6 months        
Maximum consolidated leverage ratio under financial covenants       60   60 60        
Maximum consolidated secured recourse leverage ratio under financial covenant       10.00%   10.00% 10.00%        
Minimum fixed charge coverage ratio under financial covenants       1.50   1.50 1.50        
Minimum unsecured interest coverage ratio under financial covenant       1.50   1.50 1.50        
Maximum consolidated secured leverage ratio under financial covenants       30.00%   30.00% 30.00%        
Maximum consolidated unsecured leverage ratio under financial covenants       60.00%   60.00% 60.00%        
Proceeds from Credit Facility             $ 127,100 187,700      
Repayments of Lines of Credit             5,000 207,200      
Proceeds from (Repayments of) Credit Facility             122,100 (19,500)      
Interest expense       $ 5,689 3,500   13,512 11,101      
Minimum Net Worth Required for Compliance       $ 573,000   $ 573,000 $ 573,000        
Net Proceeds raised Through Equity Offerings, Percent           75.00%          
Debt instrument extensions | contract             2        
Temporary reduction in the interest rate if sustainability goals met       0.02%   0.02% 0.02%        
Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]                      
Notes Payable and Revolving Credit Facility                      
Debt Instrument, Basis Spread on Variable Rate             0.10%        
Revolving Credit Facility [Member]                      
Notes Payable and Revolving Credit Facility                      
Credit Facility maximum borrowing capacity       $ 400,000   $ 400,000 $ 400,000        
Amortization of financing costs       519 463   1,446 1,239      
Term Loan [Member]                      
Notes Payable and Revolving Credit Facility                      
Credit Facility maximum borrowing capacity       500,000   500,000 500,000        
Term Loan A [Member]                      
Notes Payable and Revolving Credit Facility                      
Credit Facility maximum borrowing capacity       $ 350,000   $ 350,000 $ 350,000        
Term Loan A [Member] | Interest Rate Swap [Member]                      
Notes Payable and Revolving Credit Facility                      
Number of interest rate swaps entered | contract       6   6 6        
Term Loan A [Member] | Interest Rate Swap Agreement One [Member]                      
Notes Payable and Revolving Credit Facility                      
Derivative fixed rate       1.91%   1.91% 1.91%        
Derivative, Notional Amount       $ 350,000   $ 350,000 $ 350,000        
Term Loan A [Member] | Interest Rate Swap Agreement Two [Member]                      
Notes Payable and Revolving Credit Facility                      
Derivative, Notional Amount       150,000   150,000 150,000        
Term Loan A [Member] | Interest Rate Swap Agreement Three [Member]                      
Notes Payable and Revolving Credit Facility                      
Derivative, Notional Amount       $ 200,000   $ 200,000 $ 200,000        
Term Loan A [Member] | Forward Starting Interest Rate Swaps [Member]                      
Notes Payable and Revolving Credit Facility                      
Number of interest rate swaps entered | contract       5   5 5        
Term Loan B [Member]                      
Notes Payable and Revolving Credit Facility                      
Credit Facility maximum borrowing capacity       $ 150,000   $ 150,000 $ 150,000        
Term Loan B [Member] | Forward Starting Interest Rate Swaps [Member]                      
Notes Payable and Revolving Credit Facility                      
Derivative fixed rate                   2.54%  
Derivative, Notional Amount                   $ 150,000  
Number of interest rate swaps entered | contract                   4  
Rosedale Loan [Member]                      
Notes Payable and Revolving Credit Facility                      
Long term debt $ 14,800     14,049   14,049 $ 14,049   14,330    
Debt Instrument, Interest Rate, Stated Percentage 3.85%                    
Debt Instrument, Maturity Date             Jul. 31, 2025        
Interest expense       139 143   $ 414 425      
Debt Instrument, Term 25 years                    
Principal payments made             281   270    
Dumfries Loan [Member]                      
Notes Payable and Revolving Credit Facility                      
Long term debt   $ 12,074   11,410   11,410 $ 11,410   11,624    
Debt Instrument, Interest Rate, Stated Percentage   4.68%                  
Debt Instrument, Maturity Date             Jun. 01, 2024        
Interest expense       135 138   $ 403 413      
Debt Instrument, Term   10 years                  
Principal payments made             214 204      
Cantor Loan [Member]                      
Notes Payable and Revolving Credit Facility                      
Long term debt     $ 32,097 31,484   31,484 $ 31,484   $ 31,815    
Debt Instrument, Interest Rate, Stated Percentage     5.22%                
Debt Instrument, Maturity Date             Apr. 06, 2026        
Prepayment period before maturity date             4 months        
Interest expense       420 427   $ 1,253 1,269      
Debt Instrument, Term     30 years                
Principal payments made             $ 331 172      
Toledo Loan [Member]                      
Notes Payable and Revolving Credit Facility                      
Debt Instrument, Interest Rate, Stated Percentage                     5.00%
Debt Instrument, Maturity Date             Jul. 30, 2033        
Principal payments made       47     $ 47        
Note balance       1,466   1,466 1,466       $ 1,513
Interest expense       22     22        
Accordion [Member] | Credit Facility [Member]                      
Notes Payable and Revolving Credit Facility                      
Credit Facility maximum borrowing capacity       500,000   $ 500,000 500,000        
Notes Payable [Member]                      
Notes Payable and Revolving Credit Facility                      
Amortization of financing costs       $ 39 $ 62   $ 116 $ 191