v3.25.4
Intangibles - Schedule of Intangible assets and liabilities (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Intangible lease assets, gross $ 356,180 $ 97,699
Accumulated amortization (20,141) (3,117)
Intangible lease assets, net $ 336,039 $ 94,582
Weighted-average life (Years) 12 years 12 years 4 months 24 days
Intangible lease liabilities, gross $ 71,203 $ 26,910
Accumulated amortization (3,844) (703)
Intangible liabilities, net $ 67,359 $ 26,207
Weighted-average life (Years) 13 years 1 month 6 days 16 years 9 months 18 days
In-place leases    
Finite-Lived Intangible Assets [Line Items]    
Intangible lease assets, gross $ 230,514 $ 75,677
Accumulated amortization (13,420) (2,270)
Intangible lease assets, net $ 217,094 $ 73,407
Weighted-average life (Years) 11 years 10 months 24 days 12 years 9 months 18 days
Leasing commissions    
Finite-Lived Intangible Assets [Line Items]    
Intangible lease assets, gross $ 72,141 $ 15,766
Accumulated amortization (3,982) (532)
Intangible lease assets, net $ 68,159 $ 15,234
Weighted-average life (Years) 12 years 1 month 6 days 10 years 1 month 6 days
Above-market lease    
Finite-Lived Intangible Assets [Line Items]    
Intangible lease assets, gross $ 53,525 $ 6,256
Accumulated amortization (2,739) (315)
Intangible lease assets, net $ 50,786 $ 5,941
Weighted-average life (Years) 12 years 1 month 6 days 12 years 7 months 6 days