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CONSOLIDATED STATEMENTS OF (DEFICIT) EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' (Deficit) Equity
Common Stock
Additional Paid-in Capital
Cumulative Distributions and Net Loss
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2023     103,310,648      
Beginning balance at Dec. 31, 2023 $ 263,364 $ 262,149 $ 1,033 $ 901,049 $ (639,933) $ 1,215
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (168,358) (164,419)     (164,419) (3,939)
Transfers from redeemable common stock payable, net 2,217 2,217   2,217    
Noncontrolling interest contributions 493         493
Noncontrolling interest distributions (2,608) (1,705)   (1,705)   (903)
Redemptions of common stock (in shares)     (359,253)      
Redemptions of common stock (2,882) (2,882) $ (3) (2,879)    
Ending balance (in shares) at Sep. 30, 2024     102,951,395      
Ending balance at Sep. 30, 2024 92,226 95,360 $ 1,030 898,682 (804,352) (3,134)
Beginning balance (in shares) at Jun. 30, 2024     103,016,968      
Beginning balance at Jun. 30, 2024 138,838 139,455 $ 1,030 899,052 (760,627) (617)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (45,706) (43,725)     (43,725) (1,981)
Transfers to redeemable common stock, net 1,860 1,860   1,860    
Noncontrolling interest contributions 96         96
Noncontrolling interest distributions (2,337) (1,705)   (1,705)   (632)
Redemptions of common stock (in shares)     (65,573)      
Redemptions of common stock (525) (525)   (525)    
Ending balance (in shares) at Sep. 30, 2024     102,951,395      
Ending balance at Sep. 30, 2024 $ 92,226 95,360 $ 1,030 898,682 (804,352) (3,134)
Beginning balance (in shares) at Dec. 31, 2024 102,951,395   102,951,395      
Beginning balance at Dec. 31, 2024 $ 155,803 158,942 $ 1,030 898,682 (740,770) (3,139)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (247,152) (244,149)       (3,003)
Noncontrolling interest contributions 35         35
Noncontrolling interest distributions $ (245) (80)   (80)   (165)
Ending balance (in shares) at Sep. 30, 2025 102,951,395   102,951,395      
Ending balance at Sep. 30, 2025 $ (91,559) (85,287) $ 1,030 898,602 (984,919) (6,272)
Beginning balance (in shares) at Jun. 30, 2025     102,951,395      
Beginning balance at Jun. 30, 2025 28,297 32,429 $ 1,030 898,602 (867,203) (4,132)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (119,881) (117,716)     (117,716) (2,165)
Noncontrolling interest contributions $ 25         25
Ending balance (in shares) at Sep. 30, 2025 102,951,395   102,951,395      
Ending balance at Sep. 30, 2025 $ (91,559) $ (85,287) $ 1,030 $ 898,602 $ (984,919) $ (6,272)