Schedule III - Schedule of Real Estate Investments and Accumulated Depreciation (Details)
$ in Thousands |
12 Months Ended |
|
|
|
Dec. 31, 2025
USD ($)
Property
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
274
|
|
|
| Encumbrances |
$ 458,600
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
698,210
|
|
|
| Buildings |
1,953,732
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
1,626
|
|
|
| Buildings |
22,993
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
699,836
|
|
|
| Buildings |
1,976,725
|
|
|
| Total |
2,676,561
|
$ 1,154,280
|
$ 98,488
|
| Accumulated Depreciation |
$ (58,124)
|
$ (10,532)
|
$ (25)
|
| Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
112
|
|
|
| Encumbrances |
$ 458,600
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
560,621
|
|
|
| Buildings |
1,290,025
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
1,626
|
|
|
| Buildings |
22,993
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
562,247
|
|
|
| Buildings |
1,313,018
|
|
|
| Total |
1,875,265
|
|
|
| Accumulated Depreciation |
$ (46,672)
|
|
|
| Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
153
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
116,325
|
|
|
| Buildings |
303,390
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
116,325
|
|
|
| Buildings |
303,390
|
|
|
| Total |
419,715
|
|
|
| Accumulated Depreciation |
$ (7,887)
|
|
|
| Office / Headquarters Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
4
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
21,264
|
|
|
| Buildings |
237,592
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
21,264
|
|
|
| Buildings |
237,592
|
|
|
| Total |
258,856
|
|
|
| Accumulated Depreciation |
$ (3,565)
|
|
|
| Property Under Development |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
5
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
122,725
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
122,725
|
|
|
| Total |
122,725
|
|
|
| Accumulated Depreciation |
$ 0
|
|
|
| Pennsylvania | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
1,820
|
|
|
| Buildings |
3,212
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
1,820
|
|
|
| Buildings |
3,212
|
|
|
| Total |
5,032
|
|
|
| Accumulated Depreciation |
$ (122)
|
|
|
| Year Acquired |
2024
|
|
|
| Missouri | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
15,388
|
|
|
| Buildings |
84,292
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
500
|
|
|
| Buildings |
6,368
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
15,888
|
|
|
| Buildings |
90,660
|
|
|
| Total |
106,548
|
|
|
| Accumulated Depreciation |
$ (1,659)
|
|
|
| Year Acquired |
2023
|
|
|
| Missouri | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
26
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
16,298
|
|
|
| Buildings |
36,189
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
16,298
|
|
|
| Buildings |
36,189
|
|
|
| Total |
52,487
|
|
|
| Accumulated Depreciation |
$ (855)
|
|
|
| Year Acquired |
2025
|
|
|
| Tennessee | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
1,909
|
|
|
| Buildings |
29,875
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
250
|
|
|
| Buildings |
3,921
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
2,159
|
|
|
| Buildings |
33,796
|
|
|
| Total |
35,955
|
|
|
| Accumulated Depreciation |
$ (1,168)
|
|
|
| Year Acquired |
2023
|
|
|
| Wisconsin | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
3,956
|
|
|
| Buildings |
49,365
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
3,956
|
|
|
| Buildings |
49,365
|
|
|
| Total |
53,321
|
|
|
| Accumulated Depreciation |
$ (3,549)
|
|
|
| Year Acquired |
2023
|
|
|
| Wisconsin | Office / Headquarters Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
6,712
|
|
|
| Buildings |
22,930
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
6,712
|
|
|
| Buildings |
22,930
|
|
|
| Total |
29,642
|
|
|
| Accumulated Depreciation |
$ (7)
|
|
|
| Year Acquired |
2025
|
|
|
| Various | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
5,600
|
|
|
| Buildings |
13,585
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
1,000
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
5,600
|
|
|
| Buildings |
14,585
|
|
|
| Total |
20,185
|
|
|
| Accumulated Depreciation |
$ (1,436)
|
|
|
| Year Acquired |
2024
|
|
|
| Utah | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
10,963
|
|
|
| Buildings |
26,748
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
10,963
|
|
|
| Buildings |
26,748
|
|
|
| Total |
37,711
|
|
|
| Accumulated Depreciation |
$ (1,954)
|
|
|
| Year Acquired |
2024
|
|
|
| Georgia | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
7,723
|
|
|
| Buildings |
16,813
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
7,723
|
|
|
| Buildings |
16,813
|
|
|
| Total |
24,536
|
|
|
| Accumulated Depreciation |
$ (990)
|
|
|
| Year Acquired |
2024
|
|
|
| Georgia | Office / Headquarters Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
8,946
|
|
|
| Buildings |
70,793
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
8,946
|
|
|
| Buildings |
70,793
|
|
|
| Total |
79,739
|
|
|
| Accumulated Depreciation |
$ (689)
|
|
|
| Year Acquired |
2025
|
|
|
| Michigan | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
4,853
|
|
|
| Buildings |
36,615
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
4,853
|
|
|
| Buildings |
36,615
|
|
|
| Total |
41,468
|
|
|
| Accumulated Depreciation |
$ (1,133)
|
|
|
| Year Acquired |
2025
|
|
|
| Michigan | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
2,051
|
|
|
| Buildings |
4,323
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
2,051
|
|
|
| Buildings |
4,323
|
|
|
| Total |
6,374
|
|
|
| Accumulated Depreciation |
$ (210)
|
|
|
| Year Acquired |
2024
|
|
|
| Florida | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
2,663
|
|
|
| Buildings |
9,320
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
2,250
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
2,663
|
|
|
| Buildings |
11,570
|
|
|
| Total |
14,233
|
|
|
| Accumulated Depreciation |
$ (238)
|
|
|
| Year Acquired |
2025
|
|
|
| Connecticut | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
942
|
|
|
| Buildings |
2,405
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
942
|
|
|
| Buildings |
2,405
|
|
|
| Total |
3,347
|
|
|
| Accumulated Depreciation |
$ (85)
|
|
|
| Year Acquired |
2025
|
|
|
| Texas | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
8
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
7,844
|
|
|
| Buildings |
23,316
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
7,844
|
|
|
| Buildings |
23,316
|
|
|
| Total |
31,160
|
|
|
| Accumulated Depreciation |
$ (445)
|
|
|
| Year Acquired |
2025
|
|
|
| Ohio | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
4
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
2,295
|
|
|
| Buildings |
9,868
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
2,295
|
|
|
| Buildings |
9,868
|
|
|
| Total |
12,163
|
|
|
| Accumulated Depreciation |
$ (117)
|
|
|
| Year Acquired |
2025
|
|
|
| Ohio | Office / Headquarters Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
5,606
|
|
|
| Buildings |
143,869
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
5,606
|
|
|
| Buildings |
143,869
|
|
|
| Total |
149,475
|
|
|
| Accumulated Depreciation |
$ (2,869)
|
|
|
| Year Acquired |
2025
|
|
|
| Arizona | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
4
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
5,524
|
|
|
| Buildings |
10,208
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
5,524
|
|
|
| Buildings |
10,208
|
|
|
| Total |
15,732
|
|
|
| Accumulated Depreciation |
$ (107)
|
|
|
| Year Acquired |
2025
|
|
|
| New Hampshire | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
4
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
1,861
|
|
|
| Buildings |
4,934
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
1,861
|
|
|
| Buildings |
4,934
|
|
|
| Total |
6,795
|
|
|
| Accumulated Depreciation |
$ (356)
|
|
|
| Year Acquired |
2024
|
|
|
| Kentucky | Property Under Development |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
11,489
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
11,489
|
|
|
| Total |
11,489
|
|
|
| Accumulated Depreciation |
$ 0
|
|
|
| Year Acquired |
2025
|
|
|
| Illinois | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
6,759
|
|
|
| Buildings |
10,822
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
6,759
|
|
|
| Buildings |
10,822
|
|
|
| Total |
17,581
|
|
|
| Accumulated Depreciation |
$ (16)
|
|
|
| Year Acquired |
2025
|
|
|
| Illinois | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
1,464
|
|
|
| Buildings |
4,443
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
1,464
|
|
|
| Buildings |
4,443
|
|
|
| Total |
5,907
|
|
|
| Accumulated Depreciation |
$ (289)
|
|
|
| Year Acquired |
2024
|
|
|
| Louisiana | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
5
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
3,898
|
|
|
| Buildings |
7,845
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
3,898
|
|
|
| Buildings |
7,845
|
|
|
| Total |
11,743
|
|
|
| Accumulated Depreciation |
$ (442)
|
|
|
| Year Acquired |
2024
|
|
|
| South Carolina | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
346
|
|
|
| Buildings |
2,023
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
346
|
|
|
| Buildings |
2,023
|
|
|
| Total |
2,369
|
|
|
| Accumulated Depreciation |
$ (106)
|
|
|
| Year Acquired |
2024
|
|
|
| New Jersey | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
3,736
|
|
|
| Buildings |
7,718
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
3,736
|
|
|
| Buildings |
7,718
|
|
|
| Total |
11,454
|
|
|
| Accumulated Depreciation |
$ (256)
|
|
|
| Year Acquired |
2024
|
|
|
| North Carolina | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 111,100
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
28,608
|
|
|
| Buildings |
120,262
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
28,608
|
|
|
| Buildings |
120,262
|
|
|
| Total |
148,870
|
|
|
| Accumulated Depreciation |
$ (91)
|
|
|
| Year Acquired |
2025
|
|
|
| North Carolina | Property Under Development |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
66,491
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
66,491
|
|
|
| Total |
66,491
|
|
|
| Accumulated Depreciation |
$ 0
|
|
|
| Year Acquired |
2025
|
|
|
| Minnesota | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
1,531
|
|
|
| Buildings |
4,299
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
1,531
|
|
|
| Buildings |
4,299
|
|
|
| Total |
5,830
|
|
|
| Accumulated Depreciation |
$ (184)
|
|
|
| Year Acquired |
2024
|
|
|
| Minnesota | Property Under Development |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
18,863
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
18,863
|
|
|
| Total |
18,863
|
|
|
| Accumulated Depreciation |
$ 0
|
|
|
| Year Acquired |
2025
|
|
|
| West Virginia | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
4
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
2,659
|
|
|
| Buildings |
13,403
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
2,659
|
|
|
| Buildings |
13,403
|
|
|
| Total |
16,062
|
|
|
| Accumulated Depreciation |
$ (479)
|
|
|
| Year Acquired |
2024
|
|
|
| IDAHO | Property Under Development |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
22,048
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
22,048
|
|
|
| Total |
22,048
|
|
|
| Accumulated Depreciation |
$ 0
|
|
|
| Year Acquired |
2025
|
|
|
| WYOMING | Property Under Development |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
3,834
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
3,834
|
|
|
| Total |
3,834
|
|
|
| Accumulated Depreciation |
$ 0
|
|
|
| Year Acquired |
2025
|
|
|
| Pennsylvania Industrial Property 1 | Pennsylvania | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
4,482
|
|
|
| Buildings |
48,383
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
876
|
|
|
| Buildings |
9,454
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
5,358
|
|
|
| Buildings |
57,837
|
|
|
| Total |
63,195
|
|
|
| Accumulated Depreciation |
$ (2,008)
|
|
|
| Year Acquired |
2023
|
|
|
| Pennsylvania Industrial Property 2 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
4,815
|
|
|
| Buildings |
11,459
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
4,815
|
|
|
| Buildings |
11,459
|
|
|
| Total |
16,274
|
|
|
| Accumulated Depreciation |
$ (957)
|
|
|
| Year Acquired |
2024
|
|
|
| Various Industrial Property 1 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
27
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
59,644
|
|
|
| Buildings |
53,209
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
59,644
|
|
|
| Buildings |
53,209
|
|
|
| Total |
112,853
|
|
|
| Accumulated Depreciation |
$ (6,119)
|
|
|
| Year Acquired |
2024
|
|
|
| Various Industrial Property 1 | Various | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
30
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
17,823
|
|
|
| Buildings |
45,570
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
17,823
|
|
|
| Buildings |
45,570
|
|
|
| Total |
63,393
|
|
|
| Accumulated Depreciation |
$ (408)
|
|
|
| Year Acquired |
2025
|
|
|
| Various Industrial Property 2 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
22
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
57,968
|
|
|
| Buildings |
86,919
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
57,968
|
|
|
| Buildings |
86,919
|
|
|
| Total |
144,887
|
|
|
| Accumulated Depreciation |
$ (6,634)
|
|
|
| Year Acquired |
2024
|
|
|
| Various Industrial Property 2 | Various | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
18
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
13,129
|
|
|
| Buildings |
39,413
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
13,129
|
|
|
| Buildings |
39,413
|
|
|
| Total |
52,542
|
|
|
| Accumulated Depreciation |
$ (109)
|
|
|
| Year Acquired |
2025
|
|
|
| Various Industrial Property 3 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
2,775
|
|
|
| Buildings |
5,463
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
2,775
|
|
|
| Buildings |
5,463
|
|
|
| Total |
8,238
|
|
|
| Accumulated Depreciation |
$ (433)
|
|
|
| Year Acquired |
2024
|
|
|
| Various Industrial Property 4 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
47,265
|
|
|
| Buildings |
118,335
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
47,265
|
|
|
| Buildings |
118,335
|
|
|
| Total |
165,600
|
|
|
| Accumulated Depreciation |
$ (5,167)
|
|
|
| Year Acquired |
2024
|
|
|
| Various Industrial Property 5 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
24,990
|
|
|
| Buildings |
39,499
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
24,990
|
|
|
| Buildings |
39,499
|
|
|
| Total |
64,489
|
|
|
| Accumulated Depreciation |
$ (1,871)
|
|
|
| Year Acquired |
2024
|
|
|
| Various Industrial Property 6 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
16
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
59,635
|
|
|
| Buildings |
55,893
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
59,635
|
|
|
| Buildings |
55,893
|
|
|
| Total |
115,528
|
|
|
| Accumulated Depreciation |
$ (3,161)
|
|
|
| Year Acquired |
2024
|
|
|
| Various Industrial Property 7 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
18,397
|
|
|
| Buildings |
65,962
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
18,397
|
|
|
| Buildings |
65,962
|
|
|
| Total |
84,359
|
|
|
| Accumulated Depreciation |
$ (2,206)
|
|
|
| Year Acquired |
2024
|
|
|
| Various Industrial Property 8 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
9,440
|
|
|
| Buildings |
46,645
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
9,440
|
|
|
| Buildings |
46,645
|
|
|
| Total |
56,085
|
|
|
| Accumulated Depreciation |
$ (1,654)
|
|
|
| Year Acquired |
2025
|
|
|
| Various Industrial Property 9 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
5,569
|
|
|
| Buildings |
17,150
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
5,569
|
|
|
| Buildings |
17,150
|
|
|
| Total |
22,719
|
|
|
| Accumulated Depreciation |
$ (574)
|
|
|
| Year Acquired |
2025
|
|
|
| Various Industrial Property 10 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
8,113
|
|
|
| Buildings |
19,736
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
8,113
|
|
|
| Buildings |
19,736
|
|
|
| Total |
27,849
|
|
|
| Accumulated Depreciation |
$ (471)
|
|
|
| Year Acquired |
2025
|
|
|
| Various Industrial Property 11 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
4
|
|
|
| Encumbrances |
$ 258,416
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
126,835
|
|
|
| Buildings |
153,581
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
126,835
|
|
|
| Buildings |
153,581
|
|
|
| Total |
280,416
|
|
|
| Accumulated Depreciation |
$ (1,840)
|
|
|
| Year Acquired |
2025
|
|
|
| Various Industrial Property 12 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 89,084
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
10,879
|
|
|
| Buildings |
105,667
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
10,879
|
|
|
| Buildings |
105,667
|
|
|
| Total |
116,546
|
|
|
| Accumulated Depreciation |
$ (1,118)
|
|
|
| Year Acquired |
2025
|
|
|
| Various Industrial Property 13 | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
14,586
|
|
|
| Buildings |
8,336
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
14,586
|
|
|
| Buildings |
8,336
|
|
|
| Total |
22,922
|
|
|
| Accumulated Depreciation |
$ (128)
|
|
|
| Year Acquired |
2025
|
|
|
| Missouri Industrial Property 2 | Missouri | Industrial Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
16,806
|
|
|
| Buildings |
56,091
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
16,806
|
|
|
| Buildings |
56,091
|
|
|
| Total |
72,897
|
|
|
| Accumulated Depreciation |
$ (97)
|
|
|
| Year Acquired |
2025
|
|
|
| Washington Retail Site 1 | Washington | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
6
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
2,684
|
|
|
| Buildings |
10,717
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
2,684
|
|
|
| Buildings |
10,717
|
|
|
| Total |
13,401
|
|
|
| Accumulated Depreciation |
$ (723)
|
|
|
| Year Acquired |
2024
|
|
|
| Washington Retail Site 2 | Washington | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
7
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
12,328
|
|
|
| Buildings |
25,752
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
12,328
|
|
|
| Buildings |
25,752
|
|
|
| Total |
38,080
|
|
|
| Accumulated Depreciation |
$ (902)
|
|
|
| Year Acquired |
2024
|
|
|
| Kentucky Retail Site 1 | Kentucky | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
7
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
3,248
|
|
|
| Buildings |
7,419
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
3,248
|
|
|
| Buildings |
7,419
|
|
|
| Total |
10,667
|
|
|
| Accumulated Depreciation |
$ (592)
|
|
|
| Year Acquired |
2024
|
|
|
| Kentucky Retail Site 2 | Kentucky | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
1
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
389
|
|
|
| Buildings |
8,184
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
389
|
|
|
| Buildings |
8,184
|
|
|
| Total |
8,573
|
|
|
| Accumulated Depreciation |
$ (14)
|
|
|
| Year Acquired |
2025
|
|
|
| Florida Retail Site 1 | Florida | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
3
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
3,398
|
|
|
| Buildings |
5,350
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
3,398
|
|
|
| Buildings |
5,350
|
|
|
| Total |
8,748
|
|
|
| Accumulated Depreciation |
$ (284)
|
|
|
| Year Acquired |
2024
|
|
|
| Florida Retail Site 2 | Florida | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
2
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
5,035
|
|
|
| Buildings |
8,825
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
5,035
|
|
|
| Buildings |
8,825
|
|
|
| Total |
13,860
|
|
|
| Accumulated Depreciation |
$ (327)
|
|
|
| Year Acquired |
2024
|
|
|
| Alabama Retail Site 1 | Alabama | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
4
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
1,158
|
|
|
| Buildings |
5,676
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
1,158
|
|
|
| Buildings |
5,676
|
|
|
| Total |
6,834
|
|
|
| Accumulated Depreciation |
$ (362)
|
|
|
| Year Acquired |
2024
|
|
|
| Alabama Retail Site 2 | Alabama | Retail Properties |
|
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
|
| Number of Properties | Property |
6
|
|
|
| Encumbrances |
$ 0
|
|
|
| Initial Cost |
|
|
|
| Land and Land Improvements |
4,864
|
|
|
| Buildings |
12,298
|
|
|
| Costs Capitalized Subsequent to Acquisition |
|
|
|
| Land and Land Improvements |
0
|
|
|
| Buildings |
0
|
|
|
| Gross Amounts at which Carried at the Close of Period |
|
|
|
| Land and Land Improvements |
4,864
|
|
|
| Buildings |
12,298
|
|
|
| Total |
17,162
|
|
|
| Accumulated Depreciation |
$ (113)
|
|
|
| Year Acquired |
2025
|
|
|