CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - 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, 2024		270,974
Beginning 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 (excludes attributable to redeemable noncontrolling interests)	(57,226)			(46,634)		(10,592)
Change from cash flow hedging activities and available-for-sale debt securities (excludes attributable to redeemable noncontrolling interests)	(14,776)				(12,041)	(2,735)
Issuance of common stock (in shares)		6,333
Issuance of common stock	78,137	$ 63	78,074
Share-based compensation, net of cancellations (in shares)		(93)
Share-based compensation, net of cancellations	240	$ (1)	241
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs	(1,369)		(1,369)
Trailing distribution fees	$ (167)		(1,981)	2,475		(661)
Redemptions of common stock (in shares)	(5,815)	(5,815)
Redemptions of common stock	$ (74,041)	$ (58)	(73,983)
Distributions declared (excludes redeemable noncontrolling interests)	(49,893)			(40,650)		(9,243)
Redemption value allocation adjustment to redeemable noncontrolling interests	(3,194)		(3,194)
Reallocation of stockholders' equity and noncontrolling interests	0		(149)		5	144
Ending balance (in shares) at Mar. 31, 2025		271,399
Ending balance at Mar. 31, 2025	1,869,821	$ 2,714	2,947,854	(1,443,488)	16,737	346,004
Beginning balance (in shares) at Dec. 31, 2025		277,170
Beginning balance at Dec. 31, 2025	2,078,541	$ 2,772	3,176,212	(1,641,945)	2,097	539,405
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss (excludes attributable to redeemable noncontrolling interests)	(62,275)			(46,218)		(16,057)
Change from cash flow hedging activities and available-for-sale debt securities (excludes attributable to redeemable noncontrolling interests)	6,284				4,663	1,621
Issuance of common stock (in shares)		6,094
Issuance of common stock	77,248	$ 61	77,187
Share-based compensation, net of cancellations (in shares)		(74)
Share-based compensation, net of cancellations	451	$ (1)	452
Upfront offering costs, including selling commissions, dealer manager fees, and offering costs	(1,508)		(1,508)
Trailing distribution fees	$ 699		(1,934)	2,377		256
Redemptions of common stock (in shares)	(3,669)	(3,669)
Redemptions of common stock	$ (48,179)	$ (37)	(48,142)
Distributions declared (excludes redeemable noncontrolling interests)	(59,127)			(43,873)		(15,254)
Redemption value allocation adjustment to redeemable noncontrolling interests	(3,280)		(3,280)
Redemptions of noncontrolling interests	(5,317)					(5,317)
Reallocation of stockholders' equity and noncontrolling interests	0		(5,348)		13	5,335
Ending balance (in shares) at Mar. 31, 2026		279,521
Ending balance at Mar. 31, 2026	$ 1,983,537	$ 2,795	$ 3,193,639	$ (1,729,659)	$ 6,773	$ 509,989