XML 71 R50.htm IDEA: XBRL DOCUMENT v3.24.0.1
The Mergers - Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
4 Months Ended 12 Months Ended
Sep. 12, 2023
Dec. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Assets Acquired:        
Goodwill   $ 46,976 $ 46,976 $ 21,362
REIT Merger, OP Merger, And Internalization Merger        
Assets Acquired:        
Land $ 954,967 955,582 955,582  
Measurement Period Adjustments, Land   615    
Buildings, fixtures and improvements 2,526,810 2,527,159 2,527,159  
Measurement Period Adjustments, Buildings, fixtures and improvements   349    
Total tangible assets 3,481,777 3,482,741 3,482,741  
Measurement Period Adjustments, Total tangible assets   964    
Total acquired intangible lease assets 650,193 649,198 649,198  
Measurement Period Adjustments, Total acquired intangible lease assets   (995)    
Cash 65,223 64,616 64,616  
Measurement Period Adjustments, Cash   (607)    
Operating lease right-of-use assets 26,407 26,417 26,417  
Measurement Period Adjustments, Operating lease right-of-use assets   10    
Prepaid expenses and other assets 60,862 64,369 64,369  
Measurement Period Adjustments, Prepaid Expense and Other Assets   3,507    
Goodwill 29,817 25,206 25,206  
Measurement Period Adjustments, Goodwill   (4,611)    
Total assets acquired 4,314,279 4,312,547 4,312,547  
Measurement Period Adjustments, Total assets acquired   (1,732)    
Liabilities Assumed:        
Mortgage notes payable, net 1,587,455 1,587,455 1,587,455  
Measurement Period Adjustments, Mortgage notes payable, net   0    
Senior notes, net 386,250 386,250 386,250  
Measurement Period Adjustments, Senior notes, net   0    
Acquired intangible lease liabilities 76,682 76,685 76,685  
Measurement Period Adjustments, Acquired intangible lease liabilities   3    
Accounts payable and accrued expenses 86,031 84,306 84,306  
Measurement Period Adjustments, Accounts payable and accrued expenses   (1,725)    
Operating lease liabilities 26,407 26,397 26,397  
Measurement Period Adjustments, Operating lease liabilities   (10)    
Prepaid rent 18,439 18,439 18,439  
Measurement Period Adjustments, Prepaid rent   0    
Total liabilities assumed 2,181,264 2,179,532 2,179,532  
Measurement Period Adjustments, Total liabilities assumed   (1,732)    
Total consideration transferred 2,133,015   2,133,015  
Measurement Period Adjustments, Total consideration transferred   0    
REIT Merger, OP Merger, And Internalization Merger | In-place leases        
Assets Acquired:        
Total acquired intangible lease assets 582,475 581,430 581,430  
Measurement Period Adjustments, Total acquired intangible lease assets   (1,045)    
REIT Merger, OP Merger, And Internalization Merger | Above-market lease assets        
Assets Acquired:        
Total acquired intangible lease assets $ 67,718 67,768 $ 67,768  
Measurement Period Adjustments, Total acquired intangible lease assets   $ 50