XML 60 R41.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Management Agreements and Leases - Other, Net Lease Portfolio and TA Leases (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2024
USD ($)
ft²
travelCenter
property
lease
brand
industry
tenant
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Management Agreements and Leases [Line Items]      
Rental income $ 100,014 $ 94,413  
Adjustments necessary to record rent on straight line basis 5,768 (2,448)  
Reserves for uncollectible amounts against rental income 665 3,540  
COVID-19      
Management Agreements and Leases [Line Items]      
Reserves for uncollectible rents 4,101   $ 3,436
TravelCenters of America Inc.      
Management Agreements and Leases [Line Items]      
Monthly rent credit amount $ 25,000    
Lease term 10 years    
BP Products North America Inc.      
Management Agreements and Leases [Line Items]      
Guarantee obligations $ 3,037,475    
Net Lease      
Management Agreements and Leases [Line Items]      
Operating agreement annual rent and return $ 374,941    
Percentage of portfolio leased by tenants 97.30%    
Number of brands | brand 137    
Number of industries | industry 21    
Related Party      
Management Agreements and Leases [Line Items]      
Deferred percentage rental income $ 0 2,385  
Net Lease      
Management Agreements and Leases [Line Items]      
Number of properties owned | property 749    
Square feet | ft² 13,384,219    
Weighted average remaining lease term 8 years 8 months 12 days    
Number of tenants | tenant 177    
Net Lease | Travel Centers of America | Real Estate Investment Property At Cost | Credit Concentration Risk      
Management Agreements and Leases [Line Items]      
Percentage of total annual minimum rents 28.60%    
Net Lease | Related Party | TravelCenters of America Inc.      
Management Agreements and Leases [Line Items]      
Number of properties owned | travelCenter 175    
Travel centers | TravelCenters of America Inc.      
Management Agreements and Leases [Line Items]      
Operating agreement annual rent and return $ 254,000    
Rental income 67,834 62,141  
Adjustments necessary to record rent on straight line basis 4,309 (3,241)  
Accruals for unpaid rent, including deferred rent $ 25,459   $ 19,816
TA agreements | Travel centers | TravelCenters of America Inc.      
Management Agreements and Leases [Line Items]      
Number of operating agreements | lease 5    
SMTA Transaction      
Management Agreements and Leases [Line Items]      
Rental income $ 32,180 32,272  
Adjustments necessary to record rent on straight line basis $ 1,459 $ 793