v3.25.4
Stockholders' Equity - Schedule of Nonvested Performance - Based Units Activity (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Aug. 03, 2023
Dec. 31, 2025
Dec. 31, 2023
Value      
Equity-based compensation (in shares)   26,721  
The 2023 Long-Term Incentive Plan      
Number of performance shares      
Granted (in shares)   421,308  
Performance Shares      
Number of performance shares      
Number of units outstanding at the end of the period (in shares) 23,794    
Performance Shares | The 2023 Long-Term Incentive Plan      
Number of performance shares      
Number of units outstanding at the beginning of the period (in shares)   23,794  
Granted (in shares) 63,452 31,726  
Vested (in shares) [1]   (55,520)  
Forfeited (in shares)   0  
Number of units outstanding at the end of the period (in shares)   0  
Value      
Units outstanding at the beginning of the period [2]   $ 1,433  
Granted [2]   1,911  
Vested [2]   (3,344)  
Forfeited [2]   0  
Units outstanding at the end of the period [2]   $ 0  
Net asset value per share (in dollars per share)     $ 60.23
[1] Certain grantees elected to net the taxes owed upon vesting against the shares of Common Stock issued resulting in 26,721 shares of Common Stock being issued for the year ended December 31, 2025, as shown on the consolidated statements of stockholders’ equity.
[2] Value is based on the number of performance shares granted multiplied by the most recent NAV per share on the date the share is granted, which was $60.23 for the shares earned during the year ended December 31, 2023 and shares deemed to be earned on June 10, 2025.