v3.25.2
Intangibles - Schedule of Intangible assets and liabilities (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Intangible lease assets, gross $ 173,810 $ 97,699
Accumulated amortization (9,385) (3,117)
Intangible lease assets, net $ 164,425 $ 94,582
Weighted-average life (Years) 12 years 6 months 12 years 4 months 24 days
Intangible lease liabilities, gross $ 32,160 $ 26,910
Accumulated amortization (1,687) (703)
Intangible liabilities, net $ 30,473 $ 26,207
Weighted-average life (Years) 16 years 6 months 16 years 9 months 18 days
In-place leases    
Finite-Lived Intangible Assets [Line Items]    
Intangible lease assets, gross $ 108,463 $ 75,677
Accumulated amortization (6,581) (2,270)
Intangible lease assets, net $ 101,882 $ 73,407
Weighted-average life (Years) 12 years 10 months 24 days 12 years 9 months 18 days
Leasing commissions    
Finite-Lived Intangible Assets [Line Items]    
Intangible lease assets, gross $ 33,105 $ 15,766
Accumulated amortization (1,708) (532)
Intangible lease assets, net $ 31,397 $ 15,234
Weighted-average life (Years) 12 years 10 years 1 month 6 days
Above-market lease    
Finite-Lived Intangible Assets [Line Items]    
Intangible lease assets, gross $ 32,242 $ 6,256
Accumulated amortization (1,096) (315)
Intangible lease assets, net $ 31,146 $ 5,941
Weighted-average life (Years) 11 years 10 months 24 days 12 years 7 months 6 days