v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Preferred stock, Redemption value $ 46,483 $ 35,524  
Series A Preferred Stock      
Preferred stock, par value (in usd per share)   $ 0.0001 $ 0.0001
Preferred stock, Shares authorized   400,000 400,000
Preferred stock, Redemption value   $ 0 $ 19,000
Preferred stock, issued   0 19,000
Series B Preferred stock, outstanding   0 19,000
Series B Preferred Stock      
Preferred stock, par value (in usd per share) $ 0.0001 $ 0.0001 $ 0.0001
Preferred stock, Shares authorized 400,000 400,000 400,000
Preferred stock, Redemption value   $ 35,524 $ 9,823
Preferred stock, issued 46,483 35,524 9,823
Series B Preferred stock, outstanding 46,483 35,524 9,823
Common Class A      
Common stock par value (in usd per share) $ 0.0001 $ 0.0001 $ 0.0001
Common stock, shares authorized 250,000,000 7,000,000 7,000,000
Common stock issued (in shares) 23,795,450 6,518,383 2,635,050
Common Stock, Outstanding (in shares) 23,795,450 6,518,383 2,635,050
Class T Common Stock      
Common stock par value (in usd per share) $ 0.0001 $ 0.0001 $ 0.0001
Common stock, shares authorized 0 100,000 100,000
Common stock issued (in shares) 0 66,830 38,094
Common Stock, Outstanding (in shares) 0 66,830 38,094
Class I Common Stock      
Common stock par value (in usd per share) $ 0.0001 $ 0.0001 $ 0.0001
Common stock, shares authorized 0 9,100,000 9,100,000
Common stock issued (in shares) 0 8,050,883 1,917,690
Common Stock, Outstanding (in shares) 0 8,050,883 1,917,690
Common Class B      
Common stock par value (in usd per share) $ 0.0001 $ 0.0001  
Common stock, shares authorized 100,000,000 0  
Common stock issued (in shares) 3,750,000 0  
Common Stock, Outstanding (in shares) 3,750,000 0