v3.26.1
Segment Disclosures - Schedule of Segment Expenses and Net Income (Loss) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 23, 2026
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting, Asset Reconciling Item [Line Items]          
Total revenues   $ 200,345 $ 148,927 $ 603,989 $ 568,475
Depreciation and amortization   (51,398) (32,799) (126,356) (137,186)
General and administrative       (10,549) (11,921)
Interest expense   (351) (948) (3,797) (3,942)
Transaction costs $ (16,000) (18,510) 0 (1,607)  
Loss (gain) upon change of control, net   46,270 0    
Gain (loss) on debt extinguishments   (403) 0    
Other income (expense), net   816 (2,380) 863 (32,417)
Income tax benefit (expense)   (1,122) (2,591) (11,339) 11,490
Equity income (loss) from unconsolidated joint venture   119   4,649  
Net income (loss)   27,874 (2,110) $ 6,349 $ (50,463)
Reportable Segment          
Segment Reporting, Asset Reconciling Item [Line Items]          
Total revenues   200,345 148,927    
Compensation and property management   (91,008) (70,381)    
Food   (8,698) (6,442)    
Real estate taxes   (6,444) (4,501)    
Repairs and maintenance   (6,651) (4,846)    
Utilities   (8,145) (5,663)    
Other segment items   (23,652) (18,805)    
Depreciation and amortization   (51,398) (32,799)    
Interest expense   (351) (948)    
Transaction costs   (18,510) 0    
Loss (gain) upon change of control, net   46,270 0    
Gain (loss) on debt extinguishments   (403) 0    
Other income (expense), net   816 (2,380)    
Income tax benefit (expense)   (1,122) (2,591)    
Equity income (loss) from unconsolidated joint venture   111 1,451    
Net income (loss)   27,874 (2,110)    
Nonrelated Party          
Segment Reporting, Asset Reconciling Item [Line Items]          
General and administrative   (2,958) (3,132)    
Nonrelated Party | Reportable Segment          
Segment Reporting, Asset Reconciling Item [Line Items]          
General and administrative   (2,958) (3,132)    
Related Party Management Fee          
Segment Reporting, Asset Reconciling Item [Line Items]          
General and administrative   (328) 0    
Related Party Management Fee | Reportable Segment          
Segment Reporting, Asset Reconciling Item [Line Items]          
General and administrative   $ (328) $ 0