Subsequent Events	9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	NOTE 12. — SUBSEQUENT EVENTS In preparing our unaudited consolidated financial statements, we have evaluated events and transactions occurring after September 30, 2023, for recognition or disclosure purposes. Based on this evaluation, there were no significant subsequent events, other than as described below, from September 30, 2023, through the date the financial statements were issued. On October 17, 2023, we entered into a term loan agreement with Bank of America, N.A., as Administrative Agent and BofA Securities, Inc., J.P. Morgan Chase Bank, N.A., TD Bank, N.A., and Capital One, N.A. as joint lead arrangers that provides for a senior unsecured term loan (the “Term Loan”) in an aggregate principal amount of $150,000,000. The Term Loan matures October 17, 2025, subject to one twelve-month extension exercisable at our option. Our exercise of the extension option is subject to the absence of any default and our compliance with certain conditions, including the payment of extension fees to the lenders under the Term Loan. The Term Loan is comprised of (i) an initial principal amount of $75,000,000 that was funded in a single draw at closing and (ii) an additional principal amount of $75,000,000 that can be funded in a single draw at our option any time on or prior to the 180th day following the closing date. Borrowings under the Term Loan bear interest at a rate equal to (i) the sum of a SOFR rate plus a SOFR adjustment of 0.10% plus a margin of 1.30% to 1.90% or (ii) the sum of a base rate plus a margin of 0.30% to 0.90% based on our consolidated total indebtedness to total asset value ratio at the end of each quarterly reporting period. In connection with the Term Loan, we entered into interest rate swaps for a notional amount of $150,000,000 to swap SOFR for the effective fixed interest rate of 6.13%. The Term Loan contains customary covenants that are substantially similar to those under our Revolving Credit Facility.

Subsequent Events

9 Months Ended

Sep. 30, 2023

NOTE 12. — SUBSEQUENT EVENTS

In preparing our unaudited consolidated financial statements, we have evaluated events and transactions occurring after September 30, 2023, for recognition or disclosure purposes. Based on this evaluation, there were no significant subsequent events, other than as described below, from September 30, 2023, through the date the financial statements were issued.

On October 17, 2023, we entered into a term loan agreement with Bank of America, N.A., as Administrative Agent and BofA Securities, Inc., J.P. Morgan Chase Bank, N.A., TD Bank, N.A., and Capital One, N.A. as joint lead arrangers that provides for a senior unsecured term loan (the “Term Loan”) in an aggregate principal amount of $150,000,000. The Term Loan matures October 17, 2025, subject to one twelve-month extension exercisable at our option. Our exercise of the extension option is subject to the absence of any default and our compliance with certain conditions, including the payment of extension fees to the lenders under the Term Loan.

The Term Loan is comprised of (i) an initial principal amount of $75,000,000 that was funded in a single draw at closing and (ii) an additional principal amount of $75,000,000 that can be funded in a single draw at our option any time on or prior to the 180th day following the closing date.

Borrowings under the Term Loan bear interest at a rate equal to (i) the sum of a SOFR rate plus a SOFR adjustment of 0.10% plus a margin of 1.30% to 1.90% or (ii) the sum of a base rate plus a margin of 0.30% to 0.90% based on our consolidated total indebtedness to total asset value ratio at the end of each quarterly reporting period. In connection with the Term Loan, we entered into interest rate swaps for a notional amount of $150,000,000 to swap SOFR for the effective fixed interest rate of 6.13%.

The Term Loan contains customary covenants that are substantially similar to those under our Revolving Credit Facility.