v3.25.2
Investments in Real Estate - Summary of Purchase Price Allocation for Properties Acquired (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2025
USD ($)
Real Estate [Abstract]  
Building and building improvements $ 330,881
Land and land improvements 141,227
Furniture, fixtures and equipment 3,031
In-place lease and above market intangibles 28,270
Below market intangibles (4,211)
Lease inducement asset 11,279
Deferred rental income (1,403)
Total purchase price 509,074
Assumed mortgage note, net (35,313)
Net working capital assumed (3,456)
Deposit applied (4,033)
Contributions from non-controlling interests (6,772)
Net purchase price $ 459,500