v3.25.2
Transactions with Related Parties (Narrative) (Details) - USD ($)
6 Months Ended
Jun. 27, 2024
Sep. 28, 2023
Jun. 30, 2025
Dec. 31, 2024
Advisor | Class T OP Units Class S OP Units Class D OP Units and Class I OP Units        
Related Party Transaction [Line Items]        
Management fee to the Advisor     1.25%  
Advisor | Class A OP Units        
Related Party Transaction [Line Items]        
Management fee to the Advisor     0.50%  
Sponsor and Affiliates | Class I Share        
Related Party Transaction [Line Items]        
Investment affliates held     107,634 107,634
IPC REIT Special Limited Partner, LP | Class T OP Units Class S OP Units Class D OP Units and Class I OP Units        
Related Party Transaction [Line Items]        
Percentage of performance participation allocation of total return     12.50%  
IPC REIT Special Limited Partner, LP | Class T OP Units Class S OP Units Class D OP Units and Class I OP Units | Third Amended and Restated Limited Partnership Agreement        
Related Party Transaction [Line Items]        
Performance participation allocation hurdle amount percentage 5.00%      
Percentage of performance participation allocation of total return 12.50%      
IPC REIT Special Limited Partner, LP | Class A OP Units        
Related Party Transaction [Line Items]        
Percentage of performance participation allocation of Class A total return     12.50%  
Inital performance participation allocation loss carryforward     $ 0  
IPC REIT Special Limited Partner, LP | Class A OP Units | Third Amended and Restated Limited Partnership Agreement        
Related Party Transaction [Line Items]        
Performance participation allocation hurdle amount percentage 5.00%      
Percentage of performance participation allocation of Class A total return 12.50%      
Dealer Manager | Dealer Manager Agreement        
Related Party Transaction [Line Items]        
Distribution fees payable     $ 154,000 $ 32,000
Dealer Manager | Class T Share | Dealer Manager Agreement        
Related Party Transaction [Line Items]        
Percentage of upfront manager fees of the transaction price   0.50%    
Maximum percentage of upfront selling commission and manager fee received by dealer   3.50%    
Percentage of selling commissions over time as distribution fees   0.85%    
Dealer Manager | Class T Share | Dealer Manager Agreement | Maximum        
Related Party Transaction [Line Items]        
Percentage of upfront selling commissions of the transaction price   3.00%    
Dealer Manager | Class S Share | Dealer Manager Agreement        
Related Party Transaction [Line Items]        
Percentage of selling commissions over time as distribution fees   0.85%    
Dealer Manager | Class S Share | Dealer Manager Agreement | Maximum        
Related Party Transaction [Line Items]        
Percentage of upfront selling commissions of the transaction price   3.50%    
Dealer Manager | Class D Share | Dealer Manager Agreement        
Related Party Transaction [Line Items]        
Percentage of selling commissions over time as distribution fees   0.25%    
Dealer Manager | Class D Share | Dealer Manager Agreement | Maximum        
Related Party Transaction [Line Items]        
Percentage of upfront selling commissions of the transaction price   1.50%    
Dealer Manager | Class I Share | Dealer Manager Agreement        
Related Party Transaction [Line Items]        
Percentage of upfront selling commissions of the transaction price   0.00%    
Percentage of upfront manager fees of the transaction price   0.00%    
Dealer Manager | Class T Class S Class D Shares | Dealer Manager Agreement        
Related Party Transaction [Line Items]        
Maximum percentage of upfront selling commission and manager fee and distribution fees received by dealer   8.75%    
OP Unit Holders | Class T OP Units Class S OP Units Class D OP Units and Class I OP Units | Third Amended and Restated Limited Partnership Agreement        
Related Party Transaction [Line Items]        
Percentage of performance participation allocation of total return 87.50%      
OP Unit Holders | Class A OP Units | Third Amended and Restated Limited Partnership Agreement        
Related Party Transaction [Line Items]        
Percentage of performance participation allocation of Class A total return 87.50%