v3.25.4
Debt - Schedule of Mortgage Loans and Variable Funding Notes (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Dec. 31, 2025
Dec. 31, 2025
May 20, 2025
Debt Instrument [Line Items]      
Total indebtedness $ 1,805,578 $ 1,805,578  
Discount on assumed debt, net (4,165) (4,165)  
Secured mortgage loans and notes, net $ 1,801,413 $ 1,801,413 $ 0
Mortgage loans      
Debt Instrument [Line Items]      
Weighted average interest rate 4.82% 4.82%  
Total indebtedness $ 1,775,000 $ 1,775,000  
Mortgage loans | Minimum      
Debt Instrument [Line Items]      
Interest rate 1.88% 1.88%  
Mortgage loans | Maximum      
Debt Instrument [Line Items]      
Interest rate 5.90% 5.90%  
Variable funding notes      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.85%    
Maximum Facility Size $ 100,000 $ 100,000  
Total indebtedness $ 30,578 $ 30,578  
Variable funding notes | Secured Overnight Financing Rate (SOFR)      
Debt Instrument [Line Items]      
Basis spread on variable rate   0.10%  
Variable funding notes | Base Rate      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.75%