v3.25.4
Segment Reporting (Tables)
9 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The following table details our segment financial results for the period from Inception through December 31, 2025 (in thousands):
Period from Inception through December 31, 2025
Total segment revenues$29,499 
Segment expenses
Fund level expenses (1)
817 
Management fees995 
Performance participation allocation1,319 
Interest expense (2)
7,406 
Other segment expenses, net (3)
32,070 
Consolidated segment net loss
$(13,108)
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(1)     Fund level expenses are total general and administrative expenses.
(2)     Interest expense excludes non-cash items such as amortization expense related to our discount on assumed debt.
(3)     Other segment expenses include property operating expenses, depreciation and amortization, other income, net, and other non-cash items.