CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022		314,544
Beginning balance at Dec. 31, 2022	$ 2,553,347	$ 3,145	$ 3,219,132	$ (739,497)	$ 70,255	$ 312
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income (excludes redeemable noncontrolling interests)	(204,636)			(204,674)		38
Change from cash flow hedging activities (excludes redeemable to noncontrolling interests)	(34,539)				(34,539)
Issuance of common stock (in shares)		19,155
Issuance of common stock	283,235	$ 191	283,044
Share-based compensation, net of cancellations (in shares)		(49)
Share-based compensation, net of cancellations	2,657		2,657
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs	(8,498)		(8,498)
Trailing distribution fees	$ 27,628		3,770	23,858
Redemptions of common stock (in shares)	(45,044)	(45,044)
Redemptions of common stock	$ (652,754)	$ (450)	(652,304)
Distributions declared (excludes redeemable noncontrolling interests)	(173,734)			(173,696)		(38)
Redemption value allocation adjustment to redeemable noncontrolling interests	2,528		2,528
Ending balance (in shares) at Dec. 31, 2023		288,606
Ending balance at Dec. 31, 2023	1,795,234	$ 2,886	2,850,329	(1,094,009)	35,716	312
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income (excludes redeemable noncontrolling interests)	(126,992)			(111,058)		(15,934)
Change from cash flow hedging activities and available-for-sale debt securities	(407)				830	(1,237)
Issuance of common stock (in shares)		15,455
Issuance of common stock	195,508	$ 155	195,353
Share-based compensation, net of cancellations (in shares)		(78)
Share-based compensation, net of cancellations	2,229		2,229
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs	(5,876)		(5,876)
Trailing distribution fees	$ (45,571)		3,031	12,094		(60,696)
Redemptions of common stock (in shares)	(33,009)	(33,009)
Redemptions of common stock	$ (421,135)	$ (331)	(420,804)
Issuances of OP Units for DST Interests	786,497					786,497
Distributions declared (excludes redeemable noncontrolling interests)	(186,364)			(165,706)		(20,658)
Redemption value allocation adjustment to redeemable noncontrolling interests	(1,013)		(1,013)
Reallocation of stockholders’ equity and noncontrolling interests	0		326,966		(7,773)	(319,193)
Ending balance (in shares) at Dec. 31, 2024		270,974
Ending balance at Dec. 31, 2024	1,992,110	$ 2,710	2,950,215	(1,358,679)	28,773	369,091
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income (excludes redeemable noncontrolling interests)	(158,314)			(124,764)		(33,550)
Change from cash flow hedging activities and available-for-sale debt securities	(32,478)				(25,740)	(6,738)
Issuance of common stock (in shares)		26,316
Issuance of common stock	338,245	$ 263	337,982
Share-based compensation, net of cancellations (in shares)		(93)
Share-based compensation, net of cancellations	2,093	$ (1)	2,094
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs	(6,971)		(6,971)
Trailing distribution fees	$ (32,377)		(8,537)	9,807		(33,647)
Redemptions of common stock (in shares)	(20,027)	(20,027)
Redemptions of common stock	$ (258,145)	$ (200)	(257,945)
Issuances of OP Units for DST Interests	487,810					487,810
Transfer of OP Units	1,190					1,190
Distributions declared (excludes redeemable noncontrolling interests)	(215,032)			(168,309)		(46,723)
Redemption value allocation adjustment to redeemable noncontrolling interests	(11,423)		(11,423)
Redemptions of noncontrolling interests (excludes portion attributable to redeemable noncontrolling interests)	(28,167)					(28,167)
Reallocation of stockholders’ equity and noncontrolling interests	0		170,797		(936)	(169,861)
Ending balance (in shares) at Dec. 31, 2025		277,170
Ending balance at Dec. 31, 2025	$ 2,078,541	$ 2,772	$ 3,176,212	$ (1,641,945)	$ 2,097	$ 539,405