Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock Common Stock Class D	Common Stock Common Stock Class I	Common Stock Common Stock Class S	Common Stock Common Stock Class E	Common Stock Common Stock Class Y	Additional Paid-In Capital	Accumulated Deficit	Total Stockholders' Equity	Non-Controlling Interests
Beginning balance at Dec. 31, 2024	$ 300,569	$ 10	$ 101	$ 1	$ 186	$ 21	$ 329,600	$ (33,780)	$ 296,139	$ 4,430
Common stock issued, net of offering costs	296,935		16		240	15	296,664		296,935
Common stock repurchased	(1,863)		(1)	$ (1)			(1,861)		(1,863)
Distributions declared on common stock	(5,727)							(5,727)	(5,727)
Distribution reinvestments	2,119		1		1		2,117		2,119
Net income (loss)	1,660							1,681	1,681	(21)
Contributions from non-controlling interests	3,269									3,269
Distributions to non-controlling interests	(41)									(41)
Amortization of restricted stock grants	25						25		25
Ending balance at Mar. 31, 2025	596,946	10	117		427	36	626,545	(37,826)	589,309	7,637
Beginning balance at Dec. 31, 2025	783,292	10	139		558	86	844,236	(74,128)	770,901	12,391
Common stock issued, net of offering costs	45,766		9		21	12	45,724		45,766
Common stock repurchased	(5,876)		(4)		(1)		(5,871)		(5,876)
Distributions declared on common stock	(10,165)							(10,165)	(10,165)
Distribution reinvestments	5,444		1		3	1	5,439		5,444
Net income (loss)	(2,977)
Net loss ($8 loss allocated to redeemable non-controlling interest)	(2,976)							(2,778)	(2,778)	(198)
Contributions from non-controlling interests	383									383
Distributions to non-controlling interests	(279)									(279)
Amortization of restricted stock grants	26						26		26
Allocation to redeemable non-controlling interest	(6)						(6)		(6)
Ending balance at Mar. 31, 2026	$ 815,609	$ 10	$ 145		$ 581	$ 99	$ 889,548	$ (87,071)	$ 803,312	$ 12,297