Quarterly report [Sections 13 or 15(d)]

REVOLVING CREDIT FACILITY AND TERM LOANS (Details)

v3.26.1
REVOLVING CREDIT FACILITY AND TERM LOANS (Details)
$ in Millions
3 Months Ended 12 Months Ended
Jul. 09, 2025
USD ($)
lender
Apr. 22, 2024
USD ($)
property
extension
lender
Sep. 30, 2025
Dec. 31, 2025
USD ($)
Mar. 31, 2026
USD ($)
Jul. 08, 2025
lender
Line of Credit Facility [Line Items]            
Loan balance       $ 1,400 $ 1,400  
Revolving Credit Facility | Credit Agreement | Line of Credit            
Line of Credit Facility [Line Items]            
Secured debt   $ 300     300  
Loan balance         $ 124  
Effective rate (as a percent)         5.72%  
Number of lenders | lender   8       8
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     $ 600  
Decrease in interest rate       0.05%    
Decrease in commitment fee       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%        
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% 140.00%      
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 | Secured Overnight Financing Rate (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 | Secured Overnight Financing Rate (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        
Loan balance   $ 200        
Term Loan | 2024 Credit Agreement | Line of Credit            
Line of Credit Facility [Line Items]            
Repayments of term loans $ 200