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Schedule III - Summary of Activity for Real Estate and Accumulated Depreciation (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 year $ 374,981 $ 277,945
Balance at the end of the year 1,189,522 [1] 374,981
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]    
Balance at the beginning of the year (13,074) (5,390)
Accumulated depreciation (23,827) (7,684)
Balance at the end of the year (36,901) [1] (13,074)
Land and Land Improvements    
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]    
Additions during the year 238,449 29,742
Building and Building Improvements    
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]    
Additions during the year $ 576,092 $ 67,294
[1] The total included on Schedule III does not include furniture, fixtures and equipment totaling $8.4 million. Accumulated depreciation does not include $1.3 million of accumulated depreciation related to furniture, fixtures and equipment.