v3.26.1
Related Party Transactions - Narrative (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 20, 2024
Mar. 19, 2024
USD ($)
Jun. 30, 2026
USD ($)
Officerandemployee
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Officerandemployee
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Jun. 09, 2023
OfficerAndEmployeeDirector
Related Party Transaction [Line Items]                  
Management fee     $ 149,000   $ 65,000 $ 278,000 $ 110,000    
Performance participation allocation incurred     $ 242,000   215,000 $ 584,000 215,000    
Related party                  
Related Party Transaction [Line Items]                  
Number of officers and employees     8     8     8
Other liabilities     $ 17,261,000     $ 17,261,000   $ 14,945,000  
Due to affiliates     17,261,000     17,261,000   14,945,000  
Related party | EQRT OP                  
Related Party Transaction [Line Items]                  
Performance participation interest allocation, percent of total return   12.50%              
Performance benchmark, annual hurdle amount   5.00%              
Related party | Dealer Manager | Primary offering                  
Related Party Transaction [Line Items]                  
Dealer manager agreement, upfront selling commission paid   $ 0 0   0 1,000 0    
Related party | Property Manager                  
Related Party Transaction [Line Items]                  
Term of property management agreement 1 year                
Notice of termination required for property management agreement 30 days                
Related party | Property Manager | Property management fee                  
Related Party Transaction [Line Items]                  
Management fee     100,000   77,000 200,000 200,000    
Other liabilities     50,000     50,000   27,000  
Related party | Adviser                  
Related Party Transaction [Line Items]                  
Management fee, waived term   6 months              
Related party | Adviser | Management fee                  
Related Party Transaction [Line Items]                  
Management fee           51,000   40,000  
Related party | Special Limited Partner | Performance participation allocation                  
Related Party Transaction [Line Items]                  
Accrued performance participation allocation     200,000   200,000 600,000 200,000    
Payment for incentive fee       $ 500,000       500,000  
Due to affiliates     584,000     584,000   $ 535,000  
Related party | Common Class T, Class S, Class D and Class I shares | EQRT OP                  
Related Party Transaction [Line Items]                  
Management fee, percent of NAV of shares now owned by company   1.25%              
Related party | Common Class T, Class S, Class D and Class I shares | Adviser                  
Related Party Transaction [Line Items]                  
Management fee, percent of NAV   1.25%              
Related party | Common stock Class A-I | Adviser                  
Related Party Transaction [Line Items]                  
Management fee, percent of NAV   0.50%              
Related party | Common stock Class A-II | Adviser                  
Related Party Transaction [Line Items]                  
Management fee, percent of NAV   0.90%              
Related party | Class E | EQRT OP                  
Related Party Transaction [Line Items]                  
Management fee, percent of NAV of shares now owned by company   0.00%              
Related party | Common stock Class T | Dealer Manager                  
Related Party Transaction [Line Items]                  
Distribution fee percentage   0.85%              
Distribution fee acquired     $ 0   $ 0 $ 1,000 $ 0    
Related party | Common stock Class T | Dealer Manager | Primary offering                  
Related Party Transaction [Line Items]                  
Dealer manager agreement, percent selling commission   3.00%              
Upfront dealer manager fee percentage   0.50%              
Maximum percentage of transaction price   3.50%              
Related party | Common stock Class S | Dealer Manager                  
Related Party Transaction [Line Items]                  
Distribution fee percentage   0.85%              
Related party | Common stock Class S | Dealer Manager | Primary offering                  
Related Party Transaction [Line Items]                  
Dealer manager agreement, percent selling commission   3.50%              
Related party | Common stock Class I | Dealer Manager                  
Related Party Transaction [Line Items]                  
Distribution fee percentage   0.25%              
Related party | Common stock Class D | Dealer Manager | Primary offering                  
Related Party Transaction [Line Items]                  
Dealer manager agreement, percent selling commission   1.50%              
Related party | Common ClassA-I, ClassA-II, Class I and Class E Shares | Dealer Manager                  
Related Party Transaction [Line Items]                  
Distribution fee percentage   0.00%              
Related party | Common Class T, Class S and Class D | Dealer Manager | Primary offering                  
Related Party Transaction [Line Items]                  
Dealer management agreement fees and commissions, maximum percentage of NAV   8.75%