v3.25.4
Investments in Real Estate, net - Purchase Price Allocation (Details) - USD ($)
$ in Thousands
2 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Real Estate [Line Items]      
Acquisition value $ 0 $ 1,431,331 $ 437,307
Q2 2025 Acquisitions      
Real Estate [Line Items]      
Below-market lease   (44,293)  
Total purchase price   1,491,516  
Assumed Borrowings [1]   (65,009)  
Net purchase price   1,426,507  
Q2 2025 Acquisitions | Building and building improvements      
Real Estate [Line Items]      
Acquisition value   784,316  
Q2 2025 Acquisitions | Land and land improvements      
Real Estate [Line Items]      
Acquisition value   416,984  
Q2 2025 Acquisitions | Site improvements      
Real Estate [Line Items]      
Acquisition value   88,144  
Q2 2025 Acquisitions | In-place leases      
Real Estate [Line Items]      
Intangible assets   154,837  
Q2 2025 Acquisitions | Leasing commissions      
Real Estate [Line Items]      
Acquisition value   44,259  
Q2 2025 Acquisitions | Above-market lease      
Real Estate [Line Items]      
Acquisition value   $ 47,269  
Q2 2024 Acquisitions      
Real Estate [Line Items]      
Below-market lease     (26,910)
Total purchase price     501,911
Assumed Borrowings [1]     (58,667)
Net purchase price     443,244
Q2 2024 Acquisitions | Building and building improvements      
Real Estate [Line Items]      
Acquisition value     340,648
Q2 2024 Acquisitions | Land and land improvements      
Real Estate [Line Items]      
Acquisition value     50,165
Q2 2024 Acquisitions | Site improvements      
Real Estate [Line Items]      
Acquisition value     40,309
Q2 2024 Acquisitions | In-place leases      
Real Estate [Line Items]      
Intangible assets     75,677
Q2 2024 Acquisitions | Leasing commissions      
Real Estate [Line Items]      
Acquisition value     15,766
Q2 2024 Acquisitions | Above-market lease      
Real Estate [Line Items]      
Acquisition value     $ 6,256
[1] Refer to “Note 7. Secured Debt, net” for more information on mortgage loans assumed