XML 43 R27.htm IDEA: XBRL DOCUMENT v3.25.4
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Issuance of OP Units
On March 1, 2026, 22.6 million OP Units were issued in exchange for DST Interests for a net investment of $183.2 million in accordance with our UPREIT structure. In addition, we paid $1.6 million in cash in exchange for DST Interests. The net carrying value of the related financing obligation liability and DST Program Loans was $203.2 million as of the date the OP Units were issued.