Leases, Lessee (Narrative) (Details) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
May 01, 2026
USD ($)
|
Jun. 30, 2026
USD ($)
RenewalOption
|
Jun. 30, 2026
USD ($)
RenewalOption
GroundLease
|
Dec. 31, 2025
USD ($)
|
|
| Lessee, Lease, Description [Line Items] | ||||
| Number of ground leases, under which company is lessee | GroundLease | 3 | |||
| Present value of lease liability | $ 1,059,000 | $ 1,059,000 | $ 0 | |
| Operating lease right-of-use asset | 4,981,000 | 4,981,000 | 0 | |
| Below-market ground lease intangibles | 13,126,000 | 13,126,000 | 0 | |
| Present value of lease liability | 1,685,000 | 1,685,000 | 0 | |
| Finance lease right-of-use asset, net | 1,602,000 | 1,602,000 | $ 0 | |
| Total rent expense | 62,000 | $ 62,000 | ||
| Phoenix Property Ground Lease | ||||
| Lessee, Lease, Description [Line Items] | ||||
| Lessee, operating lease, description | The Phoenix property ground lease, which commenced on July 7, 1993 and extends through July 6, 2092, was assumed as part of a property purchased by Arizona Healthcare DST (“Arizona DST”) on June 6, 2018. When Arizona DST assumed the lease, Arizona DST considered the lease terms and lease classification and accounted for the ground lease as an operating lease with an established lease term and payment schedule. Upon consolidation on May 1, 2026, the Company reconsidered the lease terms and accounted for the ground lease as an operating lease with an established lease term and payment schedule. As of May 1, 2026, the Company recorded an operating lease liability of $1,056 and an operating lease right-of-use asset of $4,693 on its consolidated balance sheet. The operating lease liability was based on the present value of the ground lease’s future lease payments using an interest rate of 7.67% which the Company considers reasonable and within the range of the Company’s incremental borrowing rate. The operating lease right-of-use asset included acquired below-market ground lease intangibles of $3,637. | |||
| Present value of lease liability | $ 1,056,000 | |||
| Operating lease right-of-use asset | $ 4,693,000 | |||
| Operating lease liability based on present value of ground lease's future lease payments using interest rate, rate | 7.67% | |||
| Below-market ground lease intangibles | $ 3,637,000 | |||
| Jordan Valley Medical Center Ground Lease | ||||
| Lessee, Lease, Description [Line Items] | ||||
| Lessee, operating lease, description | The Jordan Valley Medical Center ground lease, which commenced on October 8, 2015 and extends through October 7, 2114 with three 15-year renewal options (which the Company assumes will be exercised), was assumed as part of a property purchased by Healthcare Portfolio II DST (“Healthcare II DST”) on January 23, 2017. When Healthcare II DST assumed the lease, Healthcare II DST considered the lease terms and lease classification and accounted for the ground lease as an operating lease. The entire rent for the ground lease has been paid before the lease was assumed. Therefore no lease liability has been recorded in the consolidated financial statements. Upon consolidation on May 1, 2026, the Company reconsidered the lease terms and recorded an operating lease right-of-use asset of $301, which represents the acquired below-market ground lease intangibles. | |||
| Present value of lease liability | $ 0 | $ 0 | ||
| Operating lease right-of-use asset | 301,000 | |||
| Number of renewal options | RenewalOption | 3 | 3 | ||
| Renewal options | 15 years | 15 years | ||
| Saint Elizabeth Medical Center Ground Lease | ||||
| Lessee, Lease, Description [Line Items] | ||||
| Lessee, operating lease, description | The Saint Elizabeth Medical Center ground lease, which commenced on January 17, 2017 and extends through December 31, 2077 with two 15-year renewal options (which the Company assumes will be exercised), was assumed as part of a property purchased by Healthcare Portfolio VII DST (“Healthcare VII DST”) on December 20, 2018. When Healthcare VII DST assumed the lease, Healthcare VII DST considered the lease terms and lease classification and accounted for the ground lease as a finance lease with an established lease term and payment schedule. Upon consolidation on May 1, 2026, the Company reconsidered the lease terms and accounted for the ground lease as a finance lease with an established lease term and payment schedule. As of May 1, 2026, the Company recorded a finance lease liability of $1,680 and a finance lease right-of-use asset of $1,614 on its consolidated balance sheet. The finance lease liability was based on the present value of the ground lease’s future lease payments using an interest rate of 8.05% which the Company considers reasonable and within the range of the Company’s incremental borrowing rate. The finance lease right-of-use asset was recorded net of the acquired above-market ground lease intangibles of $66. | |||
| Number of renewal options | RenewalOption | 2 | 2 | ||
| Renewal options | 15 years | 15 years | ||
| Present value of lease liability | 1,680,000 | |||
| Finance lease right-of-use asset, net | $ 1,614,000 | |||
| Finance lease liability based on present value of ground leases future lease payments using interest rate, rate | 8.05% | |||
| Above-market ground lease intangibles | $ 66,000 |