Real Estate Investments, Net (Tables)

3 Months Ended

Mar. 31, 2026

Real Estate [Abstract]

Schedule of real estate properties held for sale

The following table details the major classes of the real estate assets and liabilities associated with the properties that the Company determined to be classified as held for sale as of March 31, 2026 and December 31, 2025.

(In thousands)	March 31, 2026		December 31, 2025
Land	$	3,204	$	32,016
Buildings, fixtures and improvements	19,565		21,694
Construction in progress	375		—
Acquired intangible lease assets	940		1,290
Real estate assets held for sale, at cost	24,084		55,000
Less: accumulated depreciation and amortization	(4,883)		(5,346)
Total real estate investments, net	19,201		49,654
Prepaid expenses and other assets	713		—
Real estate assets held for sale, net	$	19,914	$	49,654
Below-market leases	$	64	$	72
Less: accumulated amortization	—		(12)
Real estate liabilities held for sale, net	$	64	$	60

Schedule of properties with significant annualized straight-line rental income, by geographical areas

The following table lists the countries and states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10.0% of consolidated annualized rental income on a straight-line basis as of March 31, 2026 or December 31, 2025, or both. Michigan is included in the United States concentration of 73.4%.

Country / U.S. State	March 31, 2026	December 31, 2025
United States	73.4%	73.0%
Michigan	12.7%	12.5%
United Kingdom	9.7%	10.0%