v3.25.2
Mortgage Notes Payable, Net - Schedule of Long-term Debt Instruments (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2025
USD ($)
property
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]    
Outstanding loan amount $ 1,043,788  
Effective interest rate 6.86% 7.23%
Capital One OMF Loan | LIBOR    
Debt Instrument [Line Items]    
Notional amount $ 330,200 $ 378,500
Mortgages    
Debt Instrument [Line Items]    
Encumbered Properties | property 123  
Outstanding loan amount $ 706,164 $ 789,647
Effective interest rate 4.64% 4.56%
Deferred financing costs, net of accumulated amortization $ (8,516) $ (9,304)
Mortgage premiums and discounts, net (1,140) (1,183)
Mortgage notes payable, net $ 696,508 779,160
Mortgages | Capital One OMF Loan    
Debt Instrument [Line Items]    
Encumbered Properties | property 38  
Outstanding loan amount $ 330,248 $ 363,957
Effective interest rate 3.71% 3.58%
Debt paydowns $ 33,700  
Mortgages | Barclays OMF Loan    
Debt Instrument [Line Items]    
Encumbered Properties | property 56  
Outstanding loan amount $ 219,500 $ 234,173
Effective interest rate 6.45% 6.45%
Debt paydowns $ 14,700  
Mortgages | Multi-Property CMBS Loan    
Debt Instrument [Line Items]    
Encumbered Properties | property 15  
Outstanding loan amount $ 85,771 $ 116,037
Effective interest rate 4.60% 4.60%
Debt paydowns $ 30,600  
Mortgages | BMO CMBS Loan    
Debt Instrument [Line Items]    
Encumbered Properties | property 7  
Outstanding loan amount $ 33,066 $ 37,472
Effective interest rate 2.89% 2.89%
Mortgages | BMO CPC Mortgage    
Debt Instrument [Line Items]    
Encumbered Properties | property 4  
Outstanding loan amount $ 7,500 $ 7,500
Effective interest rate 6.84% 6.84%
Mortgages | Fox Ridge Chenal - Little Rock, AR    
Debt Instrument [Line Items]    
Encumbered Properties | property 1  
Outstanding loan amount $ 14,624 $ 14,833
Effective interest rate 2.95% 2.95%
Mortgages | Fox Ridge North Little Rock - North Little Rock, AR    
Debt Instrument [Line Items]    
Encumbered Properties | property 1  
Outstanding loan amount $ 9,074 $ 9,204
Effective interest rate 2.95% 2.95%
Mortgages | Fox Ridge Bryant - Bryant, AR    
Debt Instrument [Line Items]    
Encumbered Properties | property 1  
Outstanding loan amount $ 6,381 $ 6,471
Effective interest rate 3.98% 3.98%