CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues:
Rental revenues	$ 452,604,000	$ 370,851,000	$ 321,995,000
Debt-related income	46,231,000	46,642,000	31,175,000
Total revenues	498,835,000	417,493,000	353,170,000
Operating expenses:
Rental expenses	167,252,000	136,232,000	118,794,000
Real estate-related depreciation and amortization	196,808,000	152,777,000	149,985,000
General and administrative expenses	13,662,000	12,808,000	11,824,000
Advisory fees	51,296,000	40,786,000	38,645,000
Performance participation allocation	16,544,000	0	0
Acquisition costs and reimbursements	6,868,000	7,034,000	7,034,000
Valuation allowance on debt-related investment	0	0	(1,799,000)
Total operating expenses	452,430,000	349,637,000	324,483,000
Other income (expenses):
Income (loss) from unconsolidated joint venture partnerships	48,568,000	14,531,000	(3,578,000)
Interest expense	(251,369,000)	(188,318,000)	(148,517,000)
Gain on sale of real estate property	57,200,000	12,913,000	36,884,000
Gain (loss) on financial assets	407,000	(17,000)	0
(Loss) gain on financing obligations	(54,776,000)	(2,034,000)	932,000
Gain (loss) on extinguishment of debt and financing obligations, net	32,741,000	41,050,000	(700,000)
(Loss) gain on derivative instruments	(7,000)	402,000	126,000
Provision for current expected credit losses	464,000	1,533,000	(1,997,000)
Other income and expenses	11,134,000	6,583,000	4,950,000
Total other income (expenses)	(155,638,000)	(113,357,000)	(111,900,000)
Net loss before income tax expense	(109,233,000)	(45,501,000)	(83,213,000)
Income tax expense	(17,953,000)	(11,842,000)	0
Net loss	(127,186,000)	(57,343,000)	(83,213,000)
Net loss attributable to redeemable noncontrolling interests	431,000	273,000	597,000
Net loss attributable to noncontrolling interests	58,751,000	19,935,000	20,189,000
Net loss attributable to common stockholders	$ (68,004,000)	$ (37,135,000)	$ (62,427,000)
Weighted average number of common shares outstanding
Weighted-average shares outstanding-basic (in shares)	183,522	188,336	203,291
Weighted-average shares outstanding-diluted (in shares)	342,369	305,179	267,556
Net loss attributable to common stockholders per common share-basic (in dollars per share)	$ (0.37)	$ (0.20)	$ (0.31)
Net loss attributable to common stockholders per common share-diluted (in dollars per share)	$ (0.37)	$ (0.20)	$ (0.31)