Annual report [Section 13 and 15(d), not S-K Item 405]

REVOLVING CREDIT FACILITY AND TERM LOANS (Details)

v3.25.4
REVOLVING CREDIT FACILITY AND TERM LOANS (Details)
$ in Thousands
12 Months Ended
Jul. 09, 2025
USD ($)
lender
Apr. 22, 2024
USD ($)
property
extension
lender
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jul. 08, 2025
lender
Line of Credit Facility [Line Items]            
Loan balance     $ 1,400,000 $ 1,700,000    
Repayments of term loans     200,000 $ 0 $ 115,000  
Revolving Credit Facility | Credit Agreement | Line of Credit            
Line of Credit Facility [Line Items]            
Secured debt   $ 300,000 300,000      
Loan balance     $ 30,000      
Effective Rate (as a percent)     5.72%      
Loan period   3 years        
Number of extensions | extension   1        
Extension option period   12 months        
Number of properties with first priority lien | property   5        
Appraisal value   $ 900,000 $ 600,000      
Number of lenders | lender   8       8
Decrease in interest rate     0.05%      
Decrease in commitment fee percentage     0.01%      
Revolving Credit Facility | Credit Agreement | Line of Credit | Debt Covenant Period One            
Line of Credit Facility [Line Items]            
Total leverage ratio   65.00%        
Debt service coverage ratio   140.00%        
Tangible net worth ratio   80.00%        
Percentage of net cash proceeds of equity issuances   80.00%        
Percentage of maximum unhedged variable rate debt ratio   30.00%        
Revolving Credit Facility | Credit Agreement | Line of Credit | Debt Covenant Period Two            
Line of Credit Facility [Line Items]            
Debt service coverage ratio   150.00%        
Revolving Credit Facility | Credit Agreement | Line of Credit | Alternative Base Rate            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   1.00%        
Revolving Credit Facility | Credit Agreement | Line of Credit | NYFRB Rate            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   0.50%        
Revolving Credit Facility | Credit Agreement | Line of Credit | Adjusted Term SOFR            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   1.00%        
Revolving Credit Facility | Credit Agreement | Line of Credit | Adjusted Term SOFR Subject to Floor            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   0.00%        
Revolving Credit Facility | Credit Agreement | Line of Credit | Adjusted Daily Effective SOFR            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   0.00%        
Revolving Credit Facility | Credit Agreement | Line of Credit | Minimum            
Line of Credit Facility [Line Items]            
Facility fee basis points   0.25%        
Revolving Credit Facility | Credit Agreement | Line of Credit | Maximum            
Line of Credit Facility [Line Items]            
Facility fee basis points   0.35%        
Revolving Credit Facility | 2024 Credit Agreement | Line of Credit            
Line of Credit Facility [Line Items]            
Number of lenders | lender 7          
Revolving Credit Facility | 2024 Credit Agreement | Line of Credit | Minimum | Alternative Base Rate            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   0.25%        
Revolving Credit Facility | 2024 Credit Agreement | Line of Credit | Minimum | SOFR            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   1.25%        
Revolving Credit Facility | 2024 Credit Agreement | Line of Credit | Maximum | Alternative Base Rate            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   0.80%        
Revolving Credit Facility | 2024 Credit Agreement | Line of Credit | Maximum | SOFR            
Line of Credit Facility [Line Items]            
Interest rate, variable (as a percent)   1.80%        
Term Loan | Credit Agreement | Line of Credit            
Line of Credit Facility [Line Items]            
Secured debt   $ 200,000        
Loan balance   $ 200,000        
Term Loan | 2024 Credit Agreement | Line of Credit            
Line of Credit Facility [Line Items]            
Repayments of term loans $ 200,000