v3.26.1
Equity Method Investments - Schedule of Statement of Operations Summary (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2025
Dec. 31, 2024
Revenues        
Rental income     $ 11,061 $ 15,678
Other income     1,349 3,796
Total revenues     85,965 83,222
Expenses        
Total expenses     87,347 87,373
Unrealized gain (loss) on derivatives     27 27
Net income (loss) attributable to common shareholders     $ (130,192) $ (51,349)
Total        
Revenues        
Rental income $ 376,944 $ 372,539    
Net interest income 37,167 11,265    
Other income 125,063 58,052    
Total revenues 539,174 441,856    
Expenses        
Total expenses 559,929 540,258    
Gain (loss) on sales and impairment of real estate 6,681 (19,152)    
Other income (expense) (77,326) (63,148)    
Unrealized gain (loss) on derivatives (12,495) (18,055)    
Total comprehensive income (loss) (103,895) (198,757)    
NREF        
Revenues        
Rental income 6,401 6,316    
Net interest income 36,075 6,444    
Other income 88,926 728    
Total revenues 131,402 13,488    
Expenses        
Total expenses 25,906 27,664    
Gain (loss) on sales and impairment of real estate 3,718 0    
Other income (expense) (10,119) 34,982    
Unrealized gain (loss) on derivatives 0 0    
Total comprehensive income (loss) 99,095 20,806    
VineBrook        
Revenues        
Rental income 270,645 268,115    
Net interest income 0 0    
Other income 10,349 4,571    
Total revenues 280,994 272,686    
Expenses        
Total expenses 433,577 393,196    
Gain (loss) on sales and impairment of real estate 2,963 (19,773)    
Other income (expense) 140 1,485    
Unrealized gain (loss) on derivatives (12,495) (18,055)    
Total comprehensive income (loss) (161,975) (156,853)    
NSP        
Revenues        
Rental income 91,114 89,686    
Net interest income 1,092 1,477    
Other income 4,088 4,687    
Total revenues 96,294 95,850    
Expenses        
Total expenses 80,884 99,135    
Gain (loss) on sales and impairment of real estate 0 621    
Other income (expense) (55,392) (81,743)    
Unrealized gain (loss) on derivatives 0 0    
Total comprehensive income (loss) (39,982) (84,407)    
Other        
Revenues        
Rental income 8,784 8,422    
Net interest income 0 3,344    
Other income 21,700 48,066    
Total revenues 30,484 59,832    
Expenses        
Total expenses 19,562 20,263    
Gain (loss) on sales and impairment of real estate 0 0    
Other income (expense) (11,955) (17,872)    
Unrealized gain (loss) on derivatives 0 0    
Total comprehensive income (loss) $ (1,033) $ 21,697