XML 81 R69.htm IDEA: XBRL DOCUMENT v3.24.1
Related Party Transactions - Additional Information (Details) - USD ($)
12 Months Ended
Sep. 02, 2022
Dec. 31, 2023
Dec. 31, 2022
Related Party Transaction [Line Items]      
Management fees   $ 400,000  
Stockholder Servicing Fees   40,000.00 $ 0
Accrued performnce participation allocation   $ 0 0
Period for reimbursement of advance expenses   60 months  
Period for reimbursement of operating expenses   60 months  
Operating expenses   $ 16,969,000 $ 4,436,000
Held in money market fund   $ 29,600,000  
Class S Shares      
Related Party Transaction [Line Items]      
Management fee equal to percentage of net asset value per annum.   1.00%  
Class T Shares      
Related Party Transaction [Line Items]      
Management fee equal to percentage of net asset value per annum.   1.00%  
Class D Shares      
Related Party Transaction [Line Items]      
Management fee equal to percentage of net asset value per annum.   1.00%  
Class I Shares      
Related Party Transaction [Line Items]      
Management fee equal to percentage of net asset value per annum.   1.00%  
Class Y Shares      
Related Party Transaction [Line Items]      
Management fee equal to percentage of net asset value per annum.   0.75%  
Class X Shares      
Related Party Transaction [Line Items]      
Management fee equal to percentage of net asset value per annum.   0.75%  
Class E Operating Partnership Unit      
Related Party Transaction [Line Items]      
Sale of operating partnership units   4,467,716 4,548,588
Sale of operating partnership units for exchange of investment   $ 48,600,000 $ 45,600,000
Distribution Payable   $ 400,000 200,000
Class X and Y units of Operating Partnership      
Related Party Transaction [Line Items]      
Related party allocation percentage of annual total return   10.00%  
Annual hurdle percentage   7.00%  
Class E Units and Class E Shares      
Related Party Transaction [Line Items]      
Distribution Payable   $ 400,000 200,000
Tennessee Facility      
Related Party Transaction [Line Items]      
Mezzanine loan $ 26,800,000    
Adviser | Common Stock Class E      
Related Party Transaction [Line Items]      
Sale of operating partnership units   535,842  
Sale of operating partnership units for exchange of investment   $ 5,800,000  
Adviser | Tennessee Facility      
Related Party Transaction [Line Items]      
Mezzanine loan $ 10,000,000    
Limited Partnership Agreement of JPMREIT      
Related Party Transaction [Line Items]      
Stockholder Servicing Fees   40,000.00 0
Organization and offering costs   6,700,000 5,500,000
NAV to reimburse operating expenses   500,000,000  
Operating expenses   $ 7,900,000 $ 4,400,000
Limited Partnership Agreement of JPMREIT | Primary Offering | Class S Shares      
Related Party Transaction [Line Items]      
Upfront selling commissions maximum percentage.   3.50%  
Annual stockholder servicing fee percentage   0.85%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class S Shares | Maximum      
Related Party Transaction [Line Items]      
Annual stockholder servicing fee percentage   8.75%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class T Shares      
Related Party Transaction [Line Items]      
Upfront selling commissions maximum percentage.   3.00%  
Upfront Dealer Manager Fees Maximum Percentage   0.50%  
Annual stockholder servicing fee percentage   0.85%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class T Shares | Maximum      
Related Party Transaction [Line Items]      
Upfront selling commissions and dealer manager fee percentage   3.50%  
Annual stockholder servicing fee percentage   8.75%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class D Shares      
Related Party Transaction [Line Items]      
Upfront selling commissions maximum percentage.   1.50%  
Annual stockholder servicing fee percentage   0.25%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class D Shares | Maximum      
Related Party Transaction [Line Items]      
Annual stockholder servicing fee percentage   8.75%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class I Shares      
Related Party Transaction [Line Items]      
Upfront dealer manager fees maximum   $ 0  
Annual stockholder servicing fee percentage   0.00%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class E Common Stock [Member]      
Related Party Transaction [Line Items]      
Annual stockholder servicing fee percentage   0.00%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class Y Shares      
Related Party Transaction [Line Items]      
Annual stockholder servicing fee percentage   0.85%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class Y Shares | Maximum      
Related Party Transaction [Line Items]      
Annual stockholder servicing fee percentage   8.75%  
Limited Partnership Agreement of JPMREIT | Primary Offering | Class X Shares      
Related Party Transaction [Line Items]      
Upfront dealer manager fees maximum   $ 0  
Annual stockholder servicing fee percentage   0.00%  
Limited Partnership Agreement of JPMREIT | Private offering | Class Y Shares      
Related Party Transaction [Line Items]      
Upfront selling commissions maximum percentage.   3.50%  
Limited Partnership Agreement of JPMREIT | Class D, I, S and T Units of Operating Partnership      
Related Party Transaction [Line Items]      
Related party allocation percentage of annual total return   12.50%  
Annual hurdle percentage   5.00%