v3.26.1
Related Party Transactions - Additional Information (Details)
€ in Millions
 1 Months Ended 3 Months Ended
May 11, 2026
USD ($)
Apr. 30, 2026
shares
Jan. 31, 2026
shares
Apr. 30, 2024
Mar. 31, 2026
USD ($)
shares
Mar. 31, 2026
EUR (€)
shares
Mar. 31, 2025
USD ($)
shares
Mar. 31, 2025
EUR (€)
shares
Dec. 31, 2025
USD ($)
Related Party Transaction [Line Items]                  
Percentage of management fee on NAV per annum       1.25% 1.25% 1.25%      
Percentage of management fee waived         20.00% 20.00%      
Percentage of management fee on aggregate DST property consideration per annum       1.25%          
Reduced percentage of management fee on NAV per annum         1.00% 1.00%      
Maximum percentage of monthly repurchase limit of net asset value         2.00% 2.00%      
Maximum percentage of quarterly repurchase limit of net asset value         5.00% 5.00%      
Management fees         $ 20,427,000   $ 22,766,000    
Annual hurdle percentage         5.00% 5.00%      
Performance participation allocation         $ 0   $ 0    
Repurchase of common stock | shares         6,000,000 6,000,000 4,000,000 4,000,000  
Total consideration         $ 120,313,000   $ 87,328,000    
Due to affiliates         400,808,000       $ 433,156,000
General and Administrative Expense         10,239,000   9,654,000    
Operating expenses         160,119,000   171,105,000    
Services fee for accounting and administrative matters | €           € 0.1   € 0.1  
Leasing and legal service fees         200,000   400,000    
Accrued Affiliate Service Provider Expenses | Essex Service Provider                  
Related Party Transaction [Line Items]                  
Cost of legal services         1,500,000   100,000    
Accrued Affiliate Service Provider Expenses | Rental property operating                  
Related Party Transaction [Line Items]                  
Operating expenses         8,200,000   7,900,000    
Affiliate Service Provider Expenses                  
Related Party Transaction [Line Items]                  
Cost of legal services         $ 100,000   $ 100,000    
Common Stock                  
Related Party Transaction [Line Items]                  
Repurchase of common stock | shares         5,992,178 5,992,178 4,018,007 4,018,007  
Class I Unit | Common Stock                  
Related Party Transaction [Line Items]                  
Employees and affiliates holdining interest         $ 528,800,000        
Subsequent Event                  
Related Party Transaction [Line Items]                  
Total consideration $ 100,000,000                
Unregistered Class I shares                  
Related Party Transaction [Line Items]                  
Stock issued as management fees, shares | shares     346,519   690,530 690,530      
Management fees, accrued         $ 6,800,000       $ 6,900,000
Unregistered Class I shares | Subsequent Event                  
Related Party Transaction [Line Items]                  
Stock issued as management fees, shares | shares   343,930              
Starwood Retail Partners                  
Related Party Transaction [Line Items]                  
Leasing and legal service fees         $ 100,000   $ 100,000    
Special Limited Partner                  
Related Party Transaction [Line Items]                  
Related party allocation percentage of annual total return         12.50% 12.50%      
All Other Unit Holders                  
Related Party Transaction [Line Items]                  
Related party allocation percentage of annual total return         87.50% 87.50%      
Dealer Manager | Common Stock Class T, Class S and Class D | Accrued Stockholder Servicing Fee | Maximum                  
Related Party Transaction [Line Items]                  
Annual stockholder servicing fee percentage         8.75%        
Advisor | Advanced Expenses | One Month in Arrears                  
Related Party Transaction [Line Items]                  
General and Administrative Expense         $ 4,600,000   $ 4,200,000    
Advisor and Certain Director Shares                  
Related Party Transaction [Line Items]                  
Repurchase of common stock | shares         0 0 0 0