Investments in Real Estate - Summary of Purchase Price Allocation for Properties Acquired (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Real Estate [Abstract] | ||
| Building and building improvements | $ 558,343 | $ 65,787 |
| Land and land improvements | 237,937 | 29,598 |
| Furniture, fixtures and equipment | 4,242 | 553 |
| In-place lease and above market intangibles | 57,581 | 13,249 |
| Below-market lease intangibles | (8,363) | (1,329) |
| Lease inducement asset | 11,279 | |
| Deferred rental income | (2,118) | |
| Total purchase price | 858,901 | 107,858 |
| Mortgage notes, net of discount and financing costs | (122,817) | |
| Net working capital assumed | (6,100) | (459) |
| Deposit applied | (5,755) | (9,072) |
| Contributions from non-controlling interests | (10,753) | (2,422) |
| Net purchase price | $ 713,476 | $ 95,905 |