v3.26.1
Variable Interest Entities - Schedule of Variable Interest Entities (Details)
$ in Thousands
Jun. 30, 2026
USD ($)
entity
Dec. 31, 2025
USD ($)
entity
Jun. 30, 2025
USD ($)
Restricted assets:      
Investments in real estate, net $ 874,997 $ 857,577  
Cash and cash equivalents 35,726 25,578 $ 68,929
Intangible assets, net 41,250 43,207  
Other assets 11,661 7,999  
Total assets [1] 1,322,359 1,200,916  
VIE non-recourse liabilities:      
Mortgages payable, net 235,276 234,748  
Financing obligation, net 53,977 53,983  
Accounts payable, accrued expenses, and other liabilities 26,308 22,340  
Total liabilities [2] $ 512,186 $ 439,946  
Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Total number of consolidated VIEs (in entities) | entity 11 10  
Restricted assets:      
Investments in real estate, net $ 534,992 $ 463,322  
Cash and cash equivalents 6,661 6,547  
Intangible assets, net 28,552 18,005  
Other assets 4,056 1,829  
Total assets 574,261 489,703  
VIE non-recourse liabilities:      
Mortgages payable, net 83,916 83,442  
Financing obligation, net 53,977 53,983  
Accounts payable, accrued expenses, and other liabilities 12,102 8,249  
Total liabilities $ 149,995 $ 145,674  
[1] Includes restricted assets of consolidated variable interest entities at June 30, 2026 and December 31, 2025 of $574.3 million and $489.7 million, respectively. See Note 16 — “Variable Interest Entities.”
[2] Includes non-recourse liabilities of consolidated variable interest entities at June 30, 2026 and December 31, 2025 of $150.0 million and $145.7 million, respectively. See Note 16 — “Variable Interest Entities.”