Fair Value Measures and Disclosures (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Carrying and Estimated Fair Falues

The table below presents the carrying values and estimated fair values of certain financial assets and liabilities, aggregated by their level in the fair value hierarchy within which those measurements fall (in thousands):

					Fair Value Hierarchy Level
Description	Carrying Value		Fair Value		Level 1		Level 2		Level 3
December 31, 2025
Assets
Derivative assets	$	5,566	$	5,566	$	—	$	5,566	$	—
Liabilities
Derivative liabilities	$	6,850	$	6,850	$	—	$	6,850	$	—
Term loans (1)	$	1,093,331	$	1,103,089	$	—	$	—	$	1,103,089
December 31, 2024
Assets
Derivative assets	$	16,426	$	16,426	$	—	$	16,426	$	—
Liabilities
Term loans (1)	$	622,608	$	626,629	$	—	$	—	$	626,629

(1) Recorded at carrying value in the consolidated balance sheets which represents amortized cost, net of unamortized debt issuance and discount costs.

Summary of Provisions for Impairment on Real Estate Investments

The following table summarizes the provisions for impairment on real estate investments during the periods indicated below (dollars in thousands):

	Year Ended December 31,
	2025		2024		2023
Carrying value prior to impairment	$	91,857	$	164,778	$	58,667
Less: total provisions for impairment	(15,909)		(29,969)		(7,083)
Carrying value after impairment	$	75,948	$	134,809	$	51,584
Number of properties: (1)
Classified as held for sale	7		13		16
Disposed within the period	24		35		4
Classified as held for investment	5		15		2

(1) Includes the number of properties that were either (i) impaired during the respective period and remained as held for sale as of period-end, (ii) impaired and disposed during the respective period, or (iii) impaired during the respective period and remained as held for investment at period-end.