v3.25.2
Stockholders’ Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jan. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Class of Stock [Line Items]              
Issuance and redemption costs of redeemed preferred stock   $ 0   $ 0 $ 27 $ 0  
Dividends   14,300   $ 7,300 27,300 $ 13,600  
Dividends and distributions payable   $ 5,033     5,033   $ 3,765
Share repurchase plan participation, NAV threshold         $ 1,500,000    
Repurchase of common stock (in shares)   (95,788) (30,733) (1,200) (126,521) (1,200)  
Repurchase of common stock   $ (2,398) $ (754) $ (29) $ (3,200) $ (29)  
2023 Equity Incentive Plan              
Class of Stock [Line Items]              
Share-based compensation, shares available for grant (in shares)   1,085,971   1,093,671 1,085,971 1,093,671  
Common Stock              
Class of Stock [Line Items]              
Repurchase of common stock (in shares)       (1,200)      
Related Party              
Class of Stock [Line Items]              
Dividends and distributions payable   $ 791     $ 791   $ 961
Class S Common Stock | Common Stock              
Class of Stock [Line Items]              
Repurchase of common stock (in shares)   0 (111) 0      
Class D Common Stock | Common Stock              
Class of Stock [Line Items]              
Repurchase of common stock (in shares)   0 (111) 0      
Class I Common Stock | Common Stock              
Class of Stock [Line Items]              
Repurchase of common stock (in shares)   (70,026) (8,678) (1,200)      
Repurchase of common stock   $ (1)          
Series A Preferred Stock              
Class of Stock [Line Items]              
Preferred stock, dividend rate (in percent) 12.50%       12.50%   12.50%
Redemption price per share (in dollars per share)   $ 1,000     $ 1,000    
Liquidation preference (in dollars per share) $ 1,000            
Dividend rate, per annum (in dollars per share) $ 125            
Class S-1 Common Stock | Common Stock              
Class of Stock [Line Items]              
Repurchase of common stock (in shares)   (23,808) (21,833) 0      
Class E Common Stock | 2023 Equity Incentive Plan | Restricted Stock              
Class of Stock [Line Items]              
Grants in period (in shares)   7,700   3,340      
Share-based compensation expense   $ 43   $ 20 $ 62 $ 37  
Class E Common Stock | Common Stock              
Class of Stock [Line Items]              
Repurchase of common stock (in shares)   (1,954) 0      
Private Placement              
Class of Stock [Line Items]              
Redeemed during period (in shares) 228            
Private Placement | Stapled Units              
Class of Stock [Line Items]              
Redeemed during period (in shares) 111            
Private Placement | Class S Common Stock              
Class of Stock [Line Items]              
Redeemed during period (in shares) 1            
Private Placement | Class D Common Stock              
Class of Stock [Line Items]              
Redeemed during period (in shares) 1            
Private Placement | Class I Common Stock              
Class of Stock [Line Items]              
Redeemed during period (in shares) 1            
Private Placement | New Stapled Units              
Class of Stock [Line Items]              
Redeemed during period (in shares) 117            
Private Placement | Series A Preferred Stock              
Class of Stock [Line Items]              
Redeemed during period (in shares) 1            
Preferred stock, dividend rate (in percent) 12.50%            
Proceeds from issuance of private placement $ 232            
Private Placement | Class S-1 Common Stock              
Class of Stock [Line Items]              
Redeemed during period (in shares) 1