v3.26.1
Investments in Real Estate - Summary of Property Acquired (Details)
ft² in Thousands, $ in Thousands
 12 Months Ended
Aug. 12, 2025
Unit
Jun. 18, 2025
Unit
Jun. 10, 2025
Unit
Property
May 22, 2025
Unit
Dec. 31, 2025
USD ($)
ft²
Property
Unit
Dec. 31, 2024
USD ($)
ft²
Property
Unit
Asset Acquisition [Line Items]            
Aggregate purchase price | $         $ 858,901 [1] $ 107,858 [2]
Number of Transactions         18 6
Number of Properties         50 4
Industrial Property            
Asset Acquisition [Line Items]            
Aggregate purchase price | $         $ 320,228 [1] $ 26,212 [2]
Number of Transactions         8 1
Number of Properties     16   36 2
Sq.Ft | ft²         4,950 154
Single-family rental property            
Asset Acquisition [Line Items]            
Aggregate purchase price | $ [2],[3]           $ 32,768
Number of Transactions [3]           4
Number of Properties [3]           1
Units | Unit [3]           90
Retail            
Asset Acquisition [Line Items]            
Aggregate purchase price | $         $ 53,990 [1],[4] $ 48,878 [2]
Number of Transactions         1 [4] 1
Number of Properties         1 [4] 1
Sq.Ft | ft²         136 [4] 100
Multifamily Property            
Asset Acquisition [Line Items]            
Aggregate purchase price | $ [1]         $ 484,683  
Number of Transactions         9  
Number of Properties         13  
Units | Unit 185 312 300 100 2,285 [3]  
[1] Purchase price is inclusive of acquisition-related costs.
[2] Purchase price is inclusive of acquisition-related costs.
[3] The 90 Fiore townhomes acquired in 2024 are included as a single property.
[4] Excludes investment in a joint venture, of which the Company owns 98%, to originate construction loans that will be used to develop single-tenant net leased retail properties. The joint venture committed $50 million and secured a line of credit for $50 million to finance the loan originations. The joint venture held its first closing in July 2025 and the Company has contributed $10.0 million to the joint venture during the year ended December 31, 2025.