The Mergers - Fair Value of Consideration Transferred (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Sep. 12, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Business Combination [Line Items]
Total equity consideration		$ 0	$ 0	$ 1,617,015
Cash used to repay RTL’s credit facility at closing of the REIT Merger		$ 2,388,876	$ 808,620	$ 0
REIT Merger and Internalization Merger
Business Combination [Line Items]
Total equity consideration	$ 1,617,015
Cash consideration paid to AR Global	50,000
Total consideration transferred	2,133,015
REIT Merger
Business Combination [Line Items]
Cash used to repay RTL’s credit facility at closing of the REIT Merger	$ 466,000
Internalization Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	29,614,825
Cash consideration paid to AR Global	$ 50,000
Considered value of common stock to be issued	$ 325,000
Common Stock | REIT Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	209,906
Price Used to Calculate Fair Value (in dollars per share)	$ 11.11
Total equity consideration	$ 2,332
Common Stock | Internalization Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	29,614,825
Price Used to Calculate Fair Value (in dollars per share)	$ 11.11
Total equity consideration	$ 329,021
Class A Units | REIT Merger and Internalization Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	115,857
Class A Units | REIT Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	115,857
Price Used to Calculate Fair Value (in dollars per share)	$ 11.11
Total equity consideration	$ 1,287
Common Class A | REIT Merger
Business Combination [Line Items]
Exchange ratio, shares (in shares)	0.670
Common Class A | Common Stock | REIT Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	93,432,946
Price Used to Calculate Fair Value (in dollars per share)	$ 11.11
Total equity consideration	$ 1,038,040
Series D Preferred Stock | REIT Merger and Internalization Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	7,933,711
Series D Preferred Stock | REIT Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	7,933,711
Price Used to Calculate Fair Value (in dollars per share)	$ 19.61
Total equity consideration	$ 155,580
Exchange ratio, shares (in shares)	1
Series E Preferred Stock | REIT Merger and Internalization Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	4,595,175
Series E Preferred Stock | REIT Merger
Business Combination [Line Items]
Fair value of stock issued to holders of RTL shares (in shares)	4,595,175
Price Used to Calculate Fair Value (in dollars per share)	$ 19.75
Total equity consideration	$ 90,755
Exchange ratio, shares (in shares)	1