Debt - Additional Information (Detail) $ in Millions |
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12 Months Ended |
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Oct. 07, 2021
USD ($)
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Apr. 15, 2021
USD ($)
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Mar. 17, 2021
USD ($)
ft²
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Mar. 17, 2021
CAD ($)
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Dec. 31, 2021
USD ($)
Extension
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Mar. 16, 2021
USD ($)
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| Debt Instrument [Line Items] |
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| Weighted average interest rate on debt |
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3.02%
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| Initial maximum amount available |
$ 700,000,000
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| Credit facility cross default provision amount |
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$ 75,000,000
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| Debt Instrument Carrying Amount |
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$ 877,511,547
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| KeyBank SST IV CMBS Loan |
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| Debt Instrument [Line Items] |
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| Debt Instrument Carrying Amount |
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$ 40,500,000
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| Number of properties encumbered | ft² |
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7
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| Debt instrument, maturity date |
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Feb. 01, 2030
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Feb. 01, 2030
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| Debt Instrument Fixed Rate |
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3.56%
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| SST IV TCF Loan |
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| Debt Instrument [Line Items] |
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| Line of credit facility, term of extension options |
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1 day
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| Debt instrument, description of variable rate basis |
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LIBOR plus 3.00%
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LIBOR plus 3.00%
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| Debt Instrument Carrying Amount |
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$ 40,782,500
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| Debt instrument, maturity date |
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Mar. 30, 2023
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| Debt Instrument Fixed Rate |
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3.75%
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| Debt instrument, variable interest rate |
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3.75%
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3.75%
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| Derivative, notional amount |
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$ 30,500,000
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| Effective interest rate cap on derivative instrument |
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0.75%
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| Line of credit facility, number of extension options | Extension |
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2
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| Maximum | Security Interest Termination Event |
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| Debt Instrument [Line Items] |
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| Capitalization rate leverage ratio |
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60.00%
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60.00%
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| Secured debt ratio |
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40.00%
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40.00%
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| Minimum | Security Interest Termination Event |
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| Debt Instrument [Line Items] |
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| Credit facility cross default provision amount |
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$ 25,000,000
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| fixed charge coverage ratio |
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1.50
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1.50
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| Unsecured interest coverage ratio |
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2.00
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2.00
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| Credit Facility Revolver |
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| Debt Instrument [Line Items] |
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| Line of credit facility, increase (decrease), net |
200,000,000
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| Line of credit facility, current borrowing capacity |
450,000,000
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$ 450,000,000
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| Amount borrowed under the credit facility |
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233,000,000
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| Credit Facility Term Loan |
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| Debt Instrument [Line Items] |
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| Outstanding balance on credit facility |
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$ 250,000,000
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| Line of credit facility, current borrowing capacity |
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250,000,000
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| Amount borrowed under the credit facility |
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250,000,000
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| Accordion Feature |
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| Debt Instrument [Line Items] |
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| Initial maximum amount available |
1,050,000,000.00
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| Additional amount available under credit facility |
350,000,000
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| Upon Achievement Of Certain Financial Conditions | SST IV TCF Loan |
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| Debt Instrument [Line Items] |
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| Debt instrument, description of variable rate basis |
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LIBOR plus 2.50%
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LIBOR plus 2.50%
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| Debt Instrument Fixed Rate |
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3.50%
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| Key Bank |
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| Debt Instrument [Line Items] |
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| Initial maximum amount available |
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$ 850,000,000
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$ 500,000,000
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| Outstanding balance on credit facility |
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500,000,000
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| Additional amount available under credit facility |
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350,000,000
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| Proceeds from line of credit |
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451,000,000
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| Line of credit facility, current borrowing capacity |
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$ 250,000,000
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| Key Bank | Credit Facility Revolver |
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| Debt Instrument [Line Items] |
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| Outstanding balance on credit facility |
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$ 250,000,000
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| Maturity date |
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Mar. 17, 2024
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Mar. 17, 2024
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| Line of credit facility, term of extension options |
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1 day
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1 day
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| Debt instrument, description of variable rate basis |
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185 basis points over 30-day LIBOR or 30-day CDOR
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| Line of credit facility, current borrowing capacity |
700,000,000
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| Key Bank | Credit Facility Revolver | USD Borrowings |
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| Debt Instrument [Line Items] |
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| Proceeds from line of credit |
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$ 199,000,000
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| Key Bank | Credit Facility Revolver | CAD Borrowings |
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| Debt Instrument [Line Items] |
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| Proceeds from line of credit |
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2,000,000
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$ 2.5
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| Key Bank | Credit Facility Revolver | Maximum |
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| Debt Instrument [Line Items] |
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| Line of credit facility, annual unused fee |
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25.00%
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| Line of credit facility, increase (decrease), net |
450,000,000
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| Key Bank | Credit Facility Revolver | Maximum | Letter of Credit |
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| Debt Instrument [Line Items] |
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| Credit facility sublimits |
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25,000,000
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| Key Bank | Credit Facility Revolver | Maximum | Swingline Loans |
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| Debt Instrument [Line Items] |
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| Credit facility sublimits |
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25,000,000
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| Key Bank | Credit Facility Revolver | Minimum |
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| Debt Instrument [Line Items] |
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| Line of credit facility, annual unused fee |
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15.00%
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| Line of credit facility, increase (decrease), net |
$ 200,000,000
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| Key Bank | Credit Facility Term Loan |
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| Debt Instrument [Line Items] |
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| Outstanding balance on credit facility |
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$ 250,000,000
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| Maturity date |
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Mar. 17, 2026
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Mar. 17, 2026
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| Debt instrument, description of variable rate basis |
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180 basis points over 30-day LIBOR or 30-day CDOR
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| Key Bank | Credit Facility Term Loan | USD Borrowings |
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| Debt Instrument [Line Items] |
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| Proceeds from line of credit |
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$ 150,000,000
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| Key Bank | Credit Facility Term Loan | CAD Borrowings |
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| Debt Instrument [Line Items] |
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| Proceeds from line of credit |
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$ 100,000,000
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$ 124.7
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| Oakville III Property | BMO Loan |
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| Debt Instrument [Line Items] |
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| Proceeds from line of credit |
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$ 16,300,000
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| Debt instrument, payment description |
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We provided a full recourse guaranty on the loan, which will remain in effect until the property achieves 75% physical occupancy, at which point such guaranty will be reduced to 50% of the loan balance. The interest only loan is prepayable at any time without penalty, and bears interest at a rate of 2.25% + CDOR
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