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Investments in Real Estate, net - Schedule of Investment in Real Estate (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real Estate [Abstract]    
Building and improvements $ 565,308 $ 563,958
Land and land improvements 148,485 148,411
Furniture, fixtures and equipment 11,345 11,349
Total 725,138 723,718
Accumulated depreciation (43,286) (38,115)
Investments in real estate, net $ 681,852 $ 685,603