v3.26.1
Segment Disclosures - Schedule of Segment Expenses and Net Income (Loss) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting [Line Items]            
Total revenues $ 216,456   $ 148,855 $ 416,801 $ 297,782  
Depreciation and amortization (56,473)   (31,191) (107,871) (63,990)  
Interest expense (350)   (949) (701) (1,897)  
Transaction costs (4,278) $ (16,000) 0 (22,788) 0  
Gain (loss) on sales of real estate, net 3,884   0 3,884 0  
Gain (loss) upon change of control, net 0   0 46,270 0  
Gain (loss) on debt extinguishments 0   0 (403) 0  
Other income (expense), net 16,465   (4,029) 17,281 (6,409)  
Income tax benefit (expense) 1,746   (2,096) 624 (4,687)  
Equity income (loss) from unconsolidated joint venture       119   $ 4,649
Net income (loss) 14,858   (2,570) 42,732 (4,680)  
Nonrelated Party            
Segment Reporting [Line Items]            
General and administrative (1,334)   (2,382) (4,292) (5,514)  
Related Party Management Fee            
Segment Reporting [Line Items]            
General and administrative (2,472)   0 (2,800) 0  
Reportable Segment            
Segment Reporting [Line Items]            
Total revenues 216,456   148,855 416,801 297,782  
Compensation and property management (100,605)   (72,083) (191,613) (142,465)  
Food (9,870)   (6,782) (18,568) (13,225)  
Real estate taxes (6,566)   (4,324) (13,046) (8,832)  
Repairs and maintenance (7,719)   (4,873) (14,371) (9,719)  
Utilities (8,701)   (5,719) (16,846) (11,382)  
Other segment items (25,325)   (18,006) (48,940) (36,802)  
Depreciation and amortization (56,473)   (31,191) (107,871) (63,990)  
Interest expense (350)   (949) (701) (1,897)  
Transaction costs (4,278)   0 (22,788) 0  
Gain (loss) on sales of real estate, net 3,884   0 3,884 0  
Gain (loss) upon change of control, net 0   0 46,270 0  
Gain (loss) on debt extinguishments 0   0 (403) 0  
Other income (expense), net 16,465   (4,029) 17,281 (6,409)  
Income tax benefit (expense) 1,746   (2,096) 624 (4,687)  
Equity income (loss) from unconsolidated joint venture 0   1,009 111 2,460  
Net income (loss) 14,858   (2,570) 42,732 (4,680)  
Reportable Segment | Nonrelated Party            
Segment Reporting [Line Items]            
General and administrative (1,334)   (2,382) (4,292) (5,514)  
Reportable Segment | Related Party Management Fee            
Segment Reporting [Line Items]            
General and administrative $ (2,472)   $ 0 $ (2,800) $ 0