RELATED PARTY TRANSACTIONS - Summary of Fees and Expenses Incurred by Company (Details) - USD ($) shares in Millions	1 Months Ended		12 Months Ended
	Feb. 28, 2026	Jan. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Related Party Transaction
Other liabilities			$ 71,515,000	$ 42,593,000
Distribution fees payable to affiliates			72,974,000	69,922,000
Performance participation allocation			16,544,000	0	$ 0
Related Party
Related Party Transaction
Related party transaction expense			128,775,000	91,341,000	82,544,000
Other liabilities			33,468,000	11,618,000
Performance participation allocation			16,500,000	0	0
Related Party | Selling commissions and dealer manager fees | Advisor
Related Party Transaction
Related party transaction expense			428,000	282,000	1,189,000
Other liabilities			0	0
Related Party | Ongoing distribution fees | Other Liabilities
Related Party Transaction
Distribution fees payable to affiliates			73,000,000.0	69,900,000
Related Party | Ongoing distribution fees | Advisor
Related Party Transaction
Related party transaction expense			10,721,000	9,631,000	8,896,000
Other liabilities			1,169,000	906,000
Related Party | Advisory fees-fixed component | Advisor
Related Party Transaction
Related party transaction expense			51,296,000	40,786,000	38,645,000
Other liabilities			4,984,000	3,646,000
Related Party | Performance Participation Allocation | Subsequent Event
Related Party Transaction
Payments for performance participation allocation		$ 9,300,000
Performance participation allocation, settled	$ 7,200,000
Issuance of common stock (in shares)	0.9
Related Party | Performance Participation Allocation | Advisor
Related Party Transaction
Related party transaction expense			16,544,000	0	0
Other liabilities			16,544,000	0
Related Party | Other fees and expense reimbursements—Advisor | Advisor
Related Party Transaction
Related party transaction expense			14,182,000	13,831,000	13,788,000
Other liabilities			8,980,000	6,074,000
Related Party | Other expense reimbursements - Dealer Manager | Advisor
Related Party Transaction
Related party transaction expense			250,000	281,000	335,000
Other liabilities			48,000	125,000
Related Party | Property accounting fee | Advisor
Related Party Transaction
Related party transaction expense			3,079,000	2,070,000	1,884,000
Other liabilities			355,000	187,000
Related Party | DST Program selling commissions, dealer manager and distribution fees | Advisor
Related Party Transaction
Related party transaction expense			15,438,000	12,468,000	9,693,000
Other liabilities			1,071,000	501,000
Related Party | Other DST Program related costs | Advisor
Related Party Transaction
Related party transaction expense			16,837,000	11,992,000	$ 8,114,000
Other liabilities			$ 317,000	$ 179,000