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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE DISCLOSURE

 

Pay Versus Performance Table

 

Year Summary Compensation Table Total for PEO(1) Compensation Actually Paid to PEO Average Summary Compensation Table Total for Non-PEO NEOs(2) Average Compensation Actually Paid to Non-PEO NEOs Value of Initial Fixed $100 Investment Based On: Net Income ($000s) Company Selected Metric – Adjusted Company FFO ($000s)(4)
Total Shareholder Return Peer Group Total Shareholder Return(3)
2022 $6,062,516 $(641,147) $1,946,976 $711,912 $67.04 $75.49 $116,243 $193,061
2021 $7,994,185 $14,286,704 $1,839,064 $2,843,214 $152.23 $143.06 $385,091 $223,196
2020 $5,711,382 $8,380,988 $1,392,517 $1,716,613 $104.19 $92.43 $186,391 $209,542

 

 

(1)Mr. Eglin was our principal executive officer for all years shown. The following are the adjustments made during each year to arrive at compensation actually paid to our principal executive officer during each fiscal year:

 

 

Adjustments 2022 2021 2020
Amounts reported under “Stock Awards” in Summary Compensation Table $(3,444,528) $(3,216,612) $(2,664,761)
Fair Value of Awards Granted in Year and Unvested as of Year-End $1,627,607 $4,938,791 $2,930,295
Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End $(2,384,351) $1,797,122 $573,917
Fair Value of Awards Granted and Vested in During Year at Vesting Date $274,919 $555,135 $320,331
Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year $(1,278,917) $2,218,082 $1,509,825
Fair Value at Year End of Awards Granted Prior to Year that Failed to Meet the Applicable Vesting Conditions During Year $(1,498,393) $— $—
Dividends or Other Earnings Paid During Year prior to Vesting Date of Award Not Otherwise Included in Total Compensation for the Year $— $— $—

 

 

 

(2)For 2021 and 2020, our other NEOs included Beth Boulerice, Joseph S. Bonventre, Brendan P. Mullinix and Lara Johnson. The following are the adjustments made during each year to arrive at the average compensation actually paid to our NEOs during each year:

 

 

 

Adjustments 2022 2021 2020
Amounts reported under “Stock Awards” in Summary Compensation Table $(898,500) $(580,851) $(387,287)
Fair Value of Awards Granted in Year and Unvested as of Year-End $424,599 $891,805 $425,852
Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End

$(430,524)

$261,156

$90,552

Fair Value of Awards Granted and Vested in During Year at Vesting Date $71,718 $100,269 $46,569
Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year

$(184,578)

$331,771

$148,409

Fair Value at Year End of Awards Granted Prior to Year that Failed to Meet the Applicable Vesting Conditions During Year

$(217,740)

$—

$—

Dividends or Other Earnings Paid During Year prior to Vesting Date of Award Not Otherwise Included in Total Compensation for the Year

$—

$—

$—

 

 

(3)Peer group is the MSCI US REIT Index, which is the index in the performance graph provided pursuant to Item 201(e) of Regulation S-K and the index used in our long-term incentive opportunity. Our long-term incentive opportunity also uses a competitor peer group. Our Compensation Discussion and Analysis discloses two peer groups, a sized-based peer group and a competitor peer group, which the Compensation Committee generally uses to compare our overall compensation practices against peer groups.

(4)We have identified Adjusted Company FFO as the most important additional financial metric used to link pay and performance. A definition of Adjusted Company FFO and a reconciliation of Adjusted Company FFO to net income is included in Appendix A.  

    
Named Executive Officers, Footnote [Text Block] For 2021 and 2020, our other NEOs included Beth Boulerice, Joseph S. Bonventre, Brendan P. Mullinix and Lara Johnson. The following are the adjustments made during each year to arrive at the average compensation actually paid to our NEOs during each year:    
Peer Group Issuers, Footnote [Text Block] Peer group is the MSCI US REIT Index, which is the index in the performance graph provided pursuant to Item 201(e) of Regulation S-K and the index used in our long-term incentive opportunity. Our long-term incentive opportunity also uses a competitor peer group. Our Compensation Discussion and Analysis discloses two peer groups, a sized-based peer group and a competitor peer group, which the Compensation Committee generally uses to compare our overall compensation practices against peer groups.    
PEO Total Compensation Amount [1] $ 6,062,516 $ 7,994,185 $ 5,711,382
PEO Actually Paid Compensation Amount $ (641,147) 14,286,704 8,380,988
Adjustment To PEO Compensation, Footnote [Text Block]

 

(1)Mr. Eglin was our principal executive officer for all years shown. The following are the adjustments made during each year to arrive at compensation actually paid to our principal executive officer during each fiscal year:

 

 

Adjustments 2022 2021 2020
Amounts reported under “Stock Awards” in Summary Compensation Table $(3,444,528) $(3,216,612) $(2,664,761)
Fair Value of Awards Granted in Year and Unvested as of Year-End $1,627,607 $4,938,791 $2,930,295
Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End $(2,384,351) $1,797,122 $573,917
Fair Value of Awards Granted and Vested in During Year at Vesting Date $274,919 $555,135 $320,331
Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year $(1,278,917) $2,218,082 $1,509,825
Fair Value at Year End of Awards Granted Prior to Year that Failed to Meet the Applicable Vesting Conditions During Year $(1,498,393) $— $—
Dividends or Other Earnings Paid During Year prior to Vesting Date of Award Not Otherwise Included in Total Compensation for the Year $— $— $—

 

    
Non-PEO NEO Average Total Compensation Amount $ 1,946,976 1,839,064 1,392,517
Non-PEO NEO Average Compensation Actually Paid Amount $ 711,912 2,843,214 1,716,613
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 

(2)For 2021 and 2020, our other NEOs included Beth Boulerice, Joseph S. Bonventre, Brendan P. Mullinix and Lara Johnson. The following are the adjustments made during each year to arrive at the average compensation actually paid to our NEOs during each year:

 

 

 

Adjustments 2022 2021 2020
Amounts reported under “Stock Awards” in Summary Compensation Table $(898,500) $(580,851) $(387,287)
Fair Value of Awards Granted in Year and Unvested as of Year-End $424,599 $891,805 $425,852
Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End

$(430,524)

$261,156

$90,552

Fair Value of Awards Granted and Vested in During Year at Vesting Date $71,718 $100,269 $46,569
Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year

$(184,578)

$331,771

$148,409

Fair Value at Year End of Awards Granted Prior to Year that Failed to Meet the Applicable Vesting Conditions During Year

$(217,740)

$—

$—

Dividends or Other Earnings Paid During Year prior to Vesting Date of Award Not Otherwise Included in Total Compensation for the Year

$—

$—

$—

    
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

The relationship between compensation actually paid and company performance for the three years presented above aligns with our TSR due to the high percentage of total compensation that consists of equity awards.

 

 

    
Compensation Actually Paid vs. Net Income [Text Block]

Net income is not used in our executive compensation program due to fluctuations in net income experienced by real estate companies due to the impact of items such as depreciation and amortization and gains/losses on sales of properties, which was heavily impacted by the disposition volume in recent years as part of our portfolio transition from diversified to industrial. Although, net income is used to determine certain non-GAAP financial measures used in our executive compensation plan.

 

 

    
Compensation Actually Paid vs. Company Selected Measure [Text Block]

Adjusted Company FFO was not used in our executive compensation program for the three years presented above due to the impact of our portfolio transition. The portfolio transition entailed selling higher yielding, but riskier office and other assets and recycling the proceeds into lower yielding, but less risky warehouse and distribution assets that have greater rent growth and releasing potential. As a result of such impact, Adjusted Company FFO has not been aligned with compensation actually paid.

 

 

    
Total Shareholder Return Vs Peer Group [Text Block]

The following illustrates our cumulative TSR for the three-year period beginning December 31, 2019 versus the MSCI US REIT Index.

 

    
Total Shareholder Return Amount $ 67.04 152.23 104.19
Peer Group Total Shareholder Return Amount 75.49 143.06 92.43
Net Income (Loss) $ 116,243,000 $ 385,091,000 $ 186,391,000
Company Selected Measure Amount 193,061,000 223,196,000 209,542,000
PEO Name Mr. Eglin Mr. Eglin Mr. Eglin
PEO [Member] | Amounts reported under Stock Awards in Summary Compensation Table      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (3,444,528) $ (3,216,612) $ (2,664,761)
PEO [Member] | Fair Value of Awards Granted in Year and Unvested as of Year-End      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,627,607 4,938,791 2,930,295
PEO [Member] | Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,384,351) 1,797,122 573,917
PEO [Member] | Fair Value of Awards Granted and Vested in During Year at Vesting Date      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 274,919 555,135 320,331
PEO [Member] | Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,278,917) 2,218,082 1,509,825
PEO [Member] | Fair Value at Year End of Awards Granted Prior to Year that Failed to Meet the Applicable Vesting Conditions During Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,498,393)
PEO [Member] | Dividends or Other Earnings Paid During Year prior to Vesting Date of Award Not Otherwise Included in Total Compensation for the Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
Non-PEO NEO [Member] | Beth Boulerice      
Pay vs Performance Disclosure [Table]      
PEO Name   Beth Boulerice Beth Boulerice
Non-PEO NEO [Member] | Joseph S Bonventre      
Pay vs Performance Disclosure [Table]      
PEO Name   Joseph S. Bonventre Joseph S. Bonventre
Non-PEO NEO [Member] | Brendan P Mullinix      
Pay vs Performance Disclosure [Table]      
PEO Name   Brendan P. Mullinix Brendan P. Mullinix
Non-PEO NEO [Member] | Lara Johnson      
Pay vs Performance Disclosure [Table]      
PEO Name   Lara Johnson Lara Johnson
Non-PEO NEO [Member] | Amounts reported under Stock Awards in Summary Compensation Table      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (898,500) $ (580,851) $ (387,287)
Non-PEO NEO [Member] | Fair Value of Awards Granted in Year and Unvested as of Year-End      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 424,599 891,805 425,852
Non-PEO NEO [Member] | Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (430,524) 261,156 90,552
Non-PEO NEO [Member] | Fair Value of Awards Granted and Vested in During Year at Vesting Date      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 71,718 100,269 46,569
Non-PEO NEO [Member] | Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (184,578) 331,771 148,409
Non-PEO NEO [Member] | Fair Value at Year End of Awards Granted Prior to Year that Failed to Meet the Applicable Vesting Conditions During Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (217,740)
Non-PEO NEO [Member] | Dividends or Other Earnings Paid During Year prior to Vesting Date of Award Not Otherwise Included in Total Compensation for the Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount    
[1] Mr. Eglin was our principal executive officer for all years shown. The following are the adjustments made during each year to arrive at compensation actually paid to our principal executive officer during each fiscal year: