SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Cash Flow Non-Cash Investing and Financing Activities

Supplemental cash flow information and disclosure of non-cash investing and financing activities is as follows:

	For the Year Ended December 31,
(in thousands)	2025		2024		2023
Supplemental disclosure of cash activities:
Interest paid related to consolidated indebtedness, net of capitalized interest	$	212,460	$	167,668	$	118,575
Interest paid related to DST Program	37,635		64,979		62,507
Interest paid related to secured financings	5,167		4,661		1,126
Supplemental disclosure of non-cash investing and financing activities:
Distributions reinvested in common stock	88,353		88,108		85,224
Increase in DST Program Loans receivable through sale of DST Interests	17,180		11,453		52,542
Issuances of OP Units for DST Interests	487,810		786,497		—
Redeemable noncontrolling interests issued as settlement of performance participation allocation	—		—		62,667
Increase (decrease) in distribution fees payable to affiliates	32,377		45,571		(27,628)
Decrease in accrued capital expenditures	(3,820)		(25,474)		(33,214)
Non-cash selling commissions and dealer manager fees	1,808		1,176		4,449

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table presents the components of the beginning of period and end of period cash, cash equivalents and restricted cash reported within the consolidated statements of cash flows:

	For the Year Ended December 31,
(in thousands)	2025		2024		2023
Beginning of period:
Cash and cash equivalents	$	25,148	$	14,322	$	79,524
Restricted cash	3,649		620		499
Cash, cash equivalents and restricted cash	$	28,797	$	14,942	$	80,023
End of period:
Cash and cash equivalents	$	63,037	$	25,148	$	14,322
Restricted cash	13,281		3,649		620
Cash, cash equivalents and restricted cash	$	76,318	$	28,797	$	14,942