v3.25.2
Investments in Real Estate - Schedule of Investments in Real Estate, Net (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real Estate [Abstract]    
Building and building improvements $ 599,869 $ 268,327
Land and land improvements 247,963 106,654
Furniture, fixtures and equipment 7,010 3,881
Total 854,842 378,862
Accumulated depreciation (20,950) (13,792)
Investments in real estate, net $ 833,892 $ 365,070