Unsecured Line of Credit and Term Notes - Additional Information (Detail) - USD ($)
|
|
|
|
|
|
|
3 Months Ended |
6 Months Ended |
|
Sep. 23, 2020 |
Jun. 03, 2019 |
Dec. 07, 2017 |
Jul. 21, 2016 |
Jun. 20, 2016 |
Apr. 08, 2014 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Dec. 31, 2020 |
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Amount available on unsecured revolving line of credit |
|
|
|
|
|
|
$ 359,900,000
|
|
$ 359,900,000
|
|
|
Unamortized senior term note discount |
|
|
|
|
|
|
$ 6,250,000
|
|
6,250,000
|
|
$ 6,710,000
|
Amortization expense related to deferred debt issuance costs |
|
|
|
|
|
|
|
|
$ 2,123,000
|
$ 2,025,000
|
|
Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Leverage ratio percentage |
|
|
|
|
|
|
|
|
60.00%
|
|
|
Indenture covenant percentage on unencumbered assets |
|
|
|
|
|
|
|
|
150.00%
|
|
|
Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Interest coverage ratio on debt |
|
|
|
|
|
|
|
|
1.50%
|
|
|
Secured Debt [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Leverage ratio percentage |
|
|
|
|
|
|
|
|
40.00%
|
|
|
Term Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument variable interest rate |
|
|
|
|
|
|
1.09%
|
|
1.09%
|
|
1.14%
|
Term Note [Member] | LIBOR [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Basis spread over LIBOR |
|
|
|
|
|
|
|
|
1.00%
|
|
|
Senior Term Note Due October 15, 2030 [Member] | Unsecured Senior Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
$ 400,000,000
|
|
|
|
|
|
|
|
|
|
|
Debt instrument,maturity date |
Oct. 15, 2030
|
|
|
|
|
|
|
|
|
|
|
Debt instrument stated interest rate |
2.20%
|
|
|
|
|
|
|
|
|
|
|
Debt instrument percentage discount to par |
0.476%
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest payable description |
|
|
|
|
|
|
|
|
Interest on the 2030 Senior Notes is payable semi-annually in arrears on each April 15 and October 15.
|
|
|
Unamortized senior term note discount |
$ 1,900,000
|
|
|
|
|
|
|
|
|
|
|
Underwriting discount and other offering expenses |
3,500,000
|
|
|
|
|
|
|
|
|
|
|
Proceeds from senior notes, net |
$ 394,600,000
|
|
|
|
|
|
|
|
|
|
|
Senior Term Note Due June 15, 2029 [Member] | Unsecured Senior Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
$ 350,000,000
|
|
|
|
|
|
|
|
|
|
Debt instrument,maturity date |
|
Jun. 15, 2029
|
|
|
|
|
|
|
|
|
|
Debt instrument stated interest rate |
|
4.00%
|
|
|
|
|
|
|
|
|
|
Debt instrument percentage discount to par |
|
0.524%
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest payable description |
|
|
|
|
|
|
|
|
Interest on the 2029 Senior Notes is payable semi-annually in arrears on each June 15 and December 15.
|
|
|
Unamortized senior term note discount |
|
$ 1,800,000
|
|
|
|
|
|
|
|
|
|
Underwriting discount and other offering expenses |
|
3,100,000
|
|
|
|
|
|
|
|
|
|
Proceeds from senior notes, net |
|
$ 345,100,000
|
|
|
|
|
|
|
|
|
|
Senior Term Note Due December 15, 2027 [Member] | Unsecured Senior Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
$ 450,000,000
|
|
|
|
|
|
|
|
|
Debt instrument,maturity date |
|
|
Dec. 15, 2027
|
|
|
|
|
|
|
|
|
Debt instrument stated interest rate |
|
|
3.875%
|
|
|
|
|
|
|
|
|
Debt instrument percentage discount to par |
|
|
0.477%
|
|
|
|
|
|
|
|
|
Debt instrument, interest payable description |
|
|
|
|
|
|
|
|
Interest on the 2027 Senior Notes is payable semi-annually in arrears on each June 15 and December 15.
|
|
|
Unamortized senior term note discount |
|
|
$ 2,100,000
|
|
|
|
|
|
|
|
|
Underwriting discount and other offering expenses |
|
|
4,000,000.0
|
|
|
|
|
|
|
|
|
Proceeds from senior notes, net |
|
|
$ 443,900,000
|
|
|
|
|
|
|
|
|
Senior Term Note Due July 1, 2026 [Member] | Unsecured Senior Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
|
|
$ 600,000,000
|
|
|
|
|
|
|
Debt instrument,maturity date |
|
|
|
|
Jul. 01, 2026
|
|
|
|
|
|
|
Debt instrument stated interest rate |
|
|
|
|
3.50%
|
|
|
|
|
|
|
Debt instrument percentage discount to par |
|
|
|
|
0.553%
|
|
|
|
|
|
|
Debt instrument, interest payable description |
|
|
|
|
|
|
|
|
Interest on the 2026 Senior Notes is payable semi-annually in arrears on each January 1 and July 1.
|
|
|
Unamortized senior term note discount |
|
|
|
|
$ 3,300,000
|
|
|
|
|
|
|
Underwriting discount and other offering expenses |
|
|
|
|
5,500,000
|
|
|
|
|
|
|
Proceeds from senior notes, net |
|
|
|
|
$ 591,200,000
|
|
|
|
|
|
|
Term Note Due July 21, 2028 [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument,maturity date |
|
|
|
Jul. 21, 2028
|
|
|
|
|
|
|
|
Debt instrument stated interest rate |
|
|
|
3.67%
|
|
|
|
|
|
|
|
Additional secured term note |
|
|
|
$ 200,000
|
|
|
|
|
|
|
|
Term Note Due April 8, 2024 [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument,maturity date |
|
|
|
|
|
Apr. 08, 2024
|
|
|
|
|
|
Debt instrument stated interest rate |
|
|
|
|
|
4.533%
|
|
|
|
|
|
Additional secured term note |
|
|
|
|
|
$ 175,000,000
|
|
|
|
|
|
Term Note Due April 8, 2024 [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument stated interest rate |
|
|
|
|
|
6.283%
|
|
|
|
|
|
Senior Notes and Term Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Amortization expense related to deferred debt issuance costs |
|
|
|
|
|
|
$ 600,000
|
$ 600,000
|
$ 1,200,000
|
$ 1,200,000
|
|
Revolving Credit Facility [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Revolving credit limit |
|
|
|
|
|
|
$ 500,000,000
|
|
$ 500,000,000
|
|
|
Line of credit facility, expiration date |
|
|
|
|
|
|
|
|
Mar. 10, 2023
|
|
|
Facility fee |
|
|
|
|
|
|
|
|
0.15%
|
|
|
Interest rate, line of credit facility |
|
|
|
|
|
|
1.04%
|
|
1.04%
|
|
1.09%
|
Revolving Credit Facility [Member] | LIBOR [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Basis spread over LIBOR |
|
|
|
|
|
|
|
|
0.95%
|
|
|
Revolving Credit Facility [Member] | Term Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Revolving credit limit |
|
|
|
|
|
|
$ 900,000,000
|
|
$ 900,000,000
|
|
|
Revolving Credit Facility [Member] | Term Note Due June 4, 2020 [Member] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
|
|
|
|
$ 100,000,000
|
|
$ 100,000,000
|
|
|
Debt instrument,maturity date |
|
|
|
|
|
|
|
|
Jun. 04, 2020
|
|
|