Related Party Transactions - Additional Information (Details) € in Millions, £ in Millions	1 Months Ended				3 Months Ended				6 Months Ended					12 Months Ended
	Aug. 13, 2025 USD ($)	Jul. 31, 2025 shares	Jan. 31, 2025 shares	Apr. 30, 2024	Jun. 30, 2025 USD ($) shares	Jun. 30, 2025 EUR (€) shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2024 EUR (€) shares	Jun. 30, 2025 USD ($) shares	Jun. 30, 2025 GBP (£) shares	Jun. 30, 2025 EUR (€) shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2024 EUR (€) shares	Dec. 31, 2024 GBP (£)	Dec. 31, 2024 USD ($)
Related Party Transaction [Line Items]
Percentage of management fee on NAV per annum				1.25%					1.25%	1.25%	1.25%
Percentage of management fee waived									20.00%	20.00%	20.00%
Percentage of management fee on aggregate DST property consideration per annum				1.25%
Reduced percentage of management fee on NAV per annum									1.00%	1.00%	1.00%
Maximum percentage of monthly repurchase limit of net asset value									2.00%	2.00%	2.00%
Maximum percentage of quarterly repurchase limit of net asset value									5.00%	5.00%	5.00%
Management fees					$ 22,178,000		$ 26,514,000		$ 44,944,000			$ 58,510,000
Annual hurdle percentage									5.00%	5.00%	5.00%
Performance participation allocation					$ 0		$ 0		$ 0			$ 0
Repurchase of common stock | shares					5,396,317	5,396,317	14,956,241	14,956,241	9,414,321	9,414,321	9,414,321	37,124,606	37,124,606
Total consideration									$ 202,132,000			$ 861,005,000
Due to affiliates					$ 444,861,000				444,861,000						$ 447,095,000
General and Administrative Expense					9,027,000		$ 13,396,000		18,681,000			25,888,000
Operating expenses					166,879,000		180,515,000		337,984,000			360,172,000
Services fee for accounting and administrative matters | €						€ 0.1		€ 0.1			€ 0.1		€ 0.1
Leasing and legal service fees					300,000		400,000		600,000			900,000
Term loan Investment Disposed | £										£ 352.0
Repayment of borrowings under secured financing agreements | £										£ 193.6
Delaware Statutory Trusts Program
Related Party Transaction [Line Items]
General and Administrative Expense							1,900,000					1,900,000
Starwood Retail Partners
Related Party Transaction [Line Items]
Leasing and legal service fees					200,000		200,000		$ 200,000			200,000
Special Limited Partner
Related Party Transaction [Line Items]
Related party allocation percentage of annual total return									12.50%	12.50%	12.50%
All Other Unit Holders
Related Party Transaction [Line Items]
Related party allocation percentage of annual total return									87.50%	87.50%	87.50%
Affiliate of Advisor
Related Party Transaction [Line Items]
Term loan Investment Disposed | £														£ 176.0
Term loan investment net purchase price | €											€ 174.2
Affiliate of Advisor and Unaffiliated Third Party
Related Party Transaction [Line Items]
Term loan Investment Disposed | £														£ 176.0
Term loan investment net purchase price | £										£ 174.2
Accrued Affiliate Service Provider Expenses | Essex Service Provider
Related Party Transaction [Line Items]
Cost of legal services					100,000		100,000		$ 200,000			100,000
Accrued Affiliate Service Provider Expenses | Rental property operating
Related Party Transaction [Line Items]
Operating expenses					8,200,000		8,100,000		16,100,000			15,300,000
Affiliate Service Provider Expenses
Related Party Transaction [Line Items]
Cost of legal services					200,000		100,000		200,000			200,000
Advanced Expenses | One Month in Arrears | Advisor
Related Party Transaction [Line Items]
General and Administrative Expense					2,500,000		$ 2,900,000		6,700,000			$ 7,400,000
Class I Unit | Common Stock
Related Party Transaction [Line Items]
Employees and affiliates holdining interest					522,000,000				$ 522,000,000
Subsequent Event
Related Party Transaction [Line Items]
Total consideration	$ 100,000,000
Unregistered Class I shares
Related Party Transaction [Line Items]
Stock issued as management fees, shares | shares			354,652						1,769,284	1,769,284	1,769,284
Management fees, accrued					$ 7,400,000				$ 7,400,000						$ 7,700,000
Unregistered Class I shares | Subsequent Event
Related Party Transaction [Line Items]
Stock issued as management fees, shares | shares		352,567
Common Stock Class I
Related Party Transaction [Line Items]
Repurchase of common stock | shares					3,495,120	3,495,120	8,850,318	8,850,318	5,683,647	5,683,647	5,683,647	20,505,687	20,505,687
Common Stock Class I | Advisor and Certain Director Shares
Related Party Transaction [Line Items]
Repurchase of common stock | shares					1,342,416	1,342,416	973,000	973,000	1,342,416	1,342,416	1,342,416	973,000	973,000
Total consideration					$ 28,600,000		$ 22,500,000		$ 28,600,000			$ 22,500,000
Common Stock Class T, Class S and Class D | Accrued Stockholder Servicing Fee | Maximum | Dealer Manager
Related Party Transaction [Line Items]
Annual stockholder servicing fee percentage					8.75%				8.75%