Investments in Real Estate, net (Tables)

3 Months Ended

Mar. 31, 2025

Real Estate [Abstract]

Schedule of Investments in Real Estate

Investments in real estate, net consist of:

in thousands	March 31, 2025		December 31, 2024
Building and improvements	$	555,426	$	555,325
Land and land improvements	165,870		165,853
Furniture, fixtures and equipment	9,300		9,056
Total	730,596		730,234
Accumulated depreciation	(54,716)		(49,638)
Investments in real estate, net	$	675,880	$	680,596