v3.25.4
Schedule III - Real Estate and Accumulated Depreciation - Roll Forward (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]    
Balance at the beginning of the period: $ 431,147 $ 0
Land and land improvements 416,984 50,165
Building and site improvements 877,581 380,982
Balance at the end of the period: 1,725,712 431,147
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]    
Balance at the beginning of the period: (4,855) 0
Depreciation expense (26,936) (4,855)
Balance at the end of the period: $ (31,791) $ (4,855)