v3.26.1
Investments in Equity Method Investees - Activity (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 29, 2026
USD ($)
May 30, 2025
USD ($)
Feb. 14, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
investment
Jun. 30, 2025
USD ($)
property
Dec. 31, 2025
USD ($)
Equity Method Investments Activity [Roll Forward]                
Beginning balance           $ 61,231 $ 92,722  
Additional investments in equity method investees           200,096 25  
Distribution received           (333) (38,855)  
Equity in earnings of equity method investees           (3,992) 15,188  
Consolidation of equity method investees upon Merger $ (26,200)         (26,152) 0  
Ending balance       $ 230,850 $ 69,080 230,850 69,080  
Accounts payable and accrued expenses       6,219   6,219   $ 4,342
Realized gain on sale       $ 0 $ 2,000 $ 0 $ 16,100  
Number of investments acquired in equity method investees | investment           15    
Number of real estate properties sold by equity method investees | property             2  
Villas at Meadow Springs Property                
Equity Method Investments Activity [Roll Forward]                
Sale price     $ 61,800          
Proceeds from sale of equity method investments     24,100          
Repayments of senior debt     34,700          
Closing costs of sale     3,000          
Distribution received from sale of equity method investments     $ 14,100          
Realized gain on sale             $ 14,100  
Chase Heritage Property                
Equity Method Investments Activity [Roll Forward]                
Sale price   $ 72,000            
Proceeds from sale of equity method investments   29,300            
Repayments of senior debt   41,800            
Closing costs of sale   900            
Distribution received from sale of equity method investments   24,500            
Accounts payable and accrued expenses   924            
Realized gain on sale   $ 2,000