Quarterly report [Sections 13 or 15(d)]

Credit Facility, Notes Payable and Derivative Instruments (Details)

v3.25.3
Credit Facility, Notes Payable and Derivative Instruments (Details)
 3 Months Ended 9 Months Ended 12 Months Ended
Oct. 08, 2025
USD ($)
contract
loan
Oct. 07, 2025
USD ($)
loan
contract
Sep. 30, 2025
USD ($)
contract
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
contract
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Notes Payable and Revolving Credit Facility              
Long term debt     $ 1,153,000   $ 1,153,000    
Increase (Decrease) in Security Deposits         $ 188,000 $ (466,000)  
Debt Instrument, Term         1 year 3 months 18 days   2 years
Note balance     1,153,000   $ 1,153,000   $ 14,421,000
Additional Interest Expense         6,387,000    
Derivative asset     7,467,000   7,467,000   $ 18,613,000
Interest expense     $ 8,175,000 $ 7,236,000 $ 23,351,000 21,119,000  
Weighted average interest rate basis     4.06%   4.06%   3.75%
Interest Rate Swap [Member]              
Notes Payable and Revolving Credit Facility              
Number of interest rate swaps entered | contract     9   9    
Derivative asset     $ 7,467,000   $ 7,467,000    
Derivative liability             $ 18,613,000
Interest Rate Swap Agreement One [Member]              
Notes Payable and Revolving Credit Facility              
Number of interest rate swaps entered | contract     9   9    
Credit Facility [Member]              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity     $ 900,000,000   $ 900,000,000    
Amortization of financing costs     550,000 550,000 $ 1,650,000 1,649,000  
Credit facility extension option period         6 months    
Interest expense     $ 7,499,000 6,526,000 $ 21,197,000 18,766,000  
Maximum consolidated leverage ratio under financial covenants     60   60    
Maximum consolidated secured recourse leverage ratio under financial covenant     10.00%   10.00%    
Minimum fixed charge coverage ratio under financial covenants     1.5   1.5    
Minimum unsecured interest coverage ratio under financial covenant     1.5   1.5    
Maximum consolidated secured leverage ratio under financial covenants     30.00%   30.00%    
Maximum consolidated unsecured leverage ratio under financial covenants     60.00%   60.00%    
Maximum cash investment in joint venture under financial covenants     10.00%   10.00%    
Percentage of net proceeds raised, covenant     75.00%   75.00%    
Covenant compliance         As of September 30, 2025, management believed it complied with all of the financial and non-financial covenants contained in the Credit Facility.    
Proceeds from Credit Facility         $ 115,400,000 82,800,000  
Repayments of Lines of Credit         40,300,000 55,400,000  
Proceeds from (Repayments of) Credit Facility         75,100,000 27,400,000  
Minimum Net Worth Required for Compliance     $ 573,000   $ 573,000    
Debt instrument extensions | contract         2    
Debt Instrument, Basis Spread on Variable Rate         0.10%    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]         us-gaap:SecuredOvernightFinancingRateSofrMember    
Credit Facility [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Debt Instrument, Basis Spread on Variable Rate   0.10%          
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember          
Revolving Credit Facility [Member]              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity     400,000,000   $ 400,000,000    
Term Loan [Member]              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity     500,000,000   $ 500,000,000    
Term Loan [Member] | Interest Rate Swap [Member]              
Notes Payable and Revolving Credit Facility              
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]         us-gaap:SecuredOvernightFinancingRateSofrMember    
Term Loan A [Member]              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity     $ 350,000,000   $ 350,000,000    
Term Loan A [Member] | Interest Rate Swap [Member]              
Notes Payable and Revolving Credit Facility              
Interest rate     1.36%   1.36%    
Derivative, Notional Amount     $ 350,000,000   $ 350,000,000    
Number of interest rate swaps entered | contract     5   5    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]         us-gaap:SecuredOvernightFinancingRateSofrMember    
Term Loan B [Member]              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity     $ 150,000,000   $ 150,000,000    
Term Loan B [Member] | Interest Rate Swap [Member]              
Notes Payable and Revolving Credit Facility              
Interest rate     2.54%   2.54%    
Derivative, Notional Amount     $ 150,000,000   $ 150,000,000    
Number of interest rate swaps entered | contract     4   4    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]         us-gaap:SecuredOvernightFinancingRateSofrMember    
Rosedale Loan [Member]              
Notes Payable and Revolving Credit Facility              
Interest rate     3.85%   3.85%   3.85%
Loan, maturity date         Jul. 31, 2025   Jul. 31, 2025
Note balance             $ 13,158,000
Toledo Loan [Member]              
Notes Payable and Revolving Credit Facility              
Interest rate     5.00%   5.00%   5.00%
Loan, maturity date         Jul. 30, 2033   Jul. 30, 2033
Note balance     $ 1,153,000   $ 1,153,000   $ 1,263,000
Accordion [Member] | Credit Facility [Member]              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity     500,000,000   500,000,000    
Notes Payable [Member]              
Notes Payable and Revolving Credit Facility              
Amortization of financing costs     4,000 9,000 22,000 35,000  
Interest expense     $ 55,000 $ 151,000 346,000 669,000  
Principal payments made         $ 13,268,000 $ 11,441,000  
Amended and Restated Credit Facility [Member] | Interest Rate Swap Agreement Two [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Derivative, Notional Amount   $ 350,000,000          
Number of interest rate swaps entered | contract   7          
Amended and Restated Credit Facility [Member] | Credit Facility [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity $ 500,000,000            
Debt Instrument, Term 4 years 4 months 24 days            
Amended and Restated Credit Facility [Member] | Revolving Credit Facility [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity $ 400,000,000            
Credit facility extension option period 6 months            
Debt instrument extensions | contract 2            
Amended and Restated Credit Facility [Member] | Term Loan A [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity $ 350,000,000            
Number of loans | loan 3 3          
Amended and Restated Credit Facility [Member] | Term Loan A [Member] | Interest Rate Swap [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity $ 350,000,000            
Interest rate 2.85%            
Derivative, Notional Amount   $ 350,000,000          
Amended and Restated Credit Facility [Member] | Term Loan A [Member] | Interest Rate Swap Agreement Two [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember          
Amended and Restated Credit Facility [Member] | Term Loan A1 Maturing October 2029 [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity $ 100,000,000            
Amended and Restated Credit Facility [Member] | Term Loan A2 Maturing October 2030 [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity 100,000,000            
Amended and Restated Credit Facility [Member] | Term Loan A3 Maturing April 2031 [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity 150,000,000            
Amended and Restated Credit Facility [Member] | Term Loan B [Member] | Subsequent Event              
Notes Payable and Revolving Credit Facility              
Credit Facility maximum borrowing capacity $ 150,000,000