CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues:
Rental revenues	$ 545,881	$ 489,164	$ 460,108
Debt-related income	46,448	36,744	9,987
Total revenues	592,329	525,908	470,095
Operating expenses:
Rental expenses	135,945	123,317	111,579
Real estate-related depreciation and amortization	304,989	291,872	294,111
General and administrative expenses	16,799	17,194	15,313
Advisory fees	67,153	66,048	74,092
Acquisition costs and reimbursements	2,824	3,036	10,217
Total operating expenses	527,710	501,467	505,312
Other income (expenses):
Equity in income (loss) from unconsolidated joint venture partnerships	70	5,228	(118)
Interest expense	(278,808)	(259,302)	(190,382)
(Loss) gain on financing obligations	(7,823)	194	179
Gain on extinguishment of debt and financing obligations, net	53,940	31,250	0
Gain on derivative instruments	830	2,288	5,124
Net gain on sale of real estate property	0	56,923	0
Other income and expenses	5,219	8,633	10,191
Total other income (expenses)	(226,572)	(154,786)	(175,006)
Net loss	(161,953)	(130,345)	(210,223)
Net loss attributable to redeemable noncontrolling interests	3,639	3,353	5,587
Net loss (income) attributable to noncontrolling interests	33,550	15,934	(38)
Net loss attributable to common stockholders	$ (124,764)	$ (111,058)	$ (204,674)
Weighted-average shares outstanding-basic (in shares)	273,655	276,152	303,660
Weighted-average shares outstanding-diluted (in shares)	357,483	318,856	312,121
Net loss attributable to common stockholders per common share - basic (in dollars per share)	$ (0.46)	$ (0.40)	$ (0.67)
Net loss attributable to common stockholders per common share - diluted (in dollars per share)	$ (0.46)	$ (0.40)	$ (0.67)