v3.26.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Class S
Class I
Class F-S
Class F-I
Class F-I X
Class B-X
Class C
Class D-S
Class D-X
Class E
Common Stock
Class S
Common Stock
Class I
Common Stock
Class F-S
Common Stock
Class F-I
Common Stock
Class F-I X
Common Stock
Class B-X
Common Stock
Class C
Common Stock
Class D-S
Common Stock
Class D-X
Common Stock
Class E
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Jan. 23, 2023 $ 0                     $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Common shares issued 118,683                             23 29 65     2 118,564    
Offering costs (2,704)                                         (2,704)    
Distribution reinvestment 92                                         92    
Share class exchange                                 (8) 8            
Net Income (Loss) (6,281) $ 0 $ 0 $ 0 $ 0 $ (1,238) $ (1,112) $ (3,824) $ 0 $ 0 $ (107)                         (6,281)
Distributions declared on common shares (701)                                             (701)
Ending balance at Dec. 31, 2023 109,089                     0 0 0 0 23 21 73 0 0 2 115,952 0 (6,982)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Common shares issued 677,568                         30 325 6 37 11 0 271 (2) 676,890    
Offering costs (2,576)                                         (2,576)    
Distribution reinvestment 9,813                           4 1     2 2   9,804    
Share class exchange                             79 (30) (58) (84) 353 (260)        
Common shares repurchased (2,947)                           (3)             (2,944)    
Other comprehensive income 948                                           948  
Net Income (Loss) 11,605 0 0 69 1,991 $ 607 $ 367 $ 228 3,524 4,725 94                         11,605
Distributions declared on common shares (33,040)                                             (33,040)
Allocation to redeemable common shares (134)                                         (134)    
Ending balance at Dec. 31, 2024 770,326                     0 0 30 405 0 0 0 355 13 0 796,992 948 (28,417)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Common shares issued 602,274                       127 209 271             601,667    
Offering costs (1,157)                                         (1,157)    
Distribution reinvestment 31,507                       2 4 17       8     31,476    
Share class exchange (512)                                   13 (13)   (512)    
Common shares repurchased (12,521)                           (10)       (2)     (12,509)    
Other comprehensive income (1,738)                                           (1,738)  
Net Income (Loss) 26,751 $ 0 $ 726 $ 2,116 $ 11,597       $ 11,471 $ 77 $ 764                         26,751
Distributions declared on common shares (82,195)                                             (82,195)
Allocation to redeemable common shares (788)                                         (788)    
Allocation to redeemable non-controlling interests (459)                                         (459)    
Ending balance at Dec. 31, 2025 $ 1,331,488                     $ 0 $ 129 $ 243 $ 683 $ 0 $ 0 $ 0 $ 374 $ 0 $ 0 $ 1,414,710 $ (790) $ (83,861)