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Tenant Concentrations
12 Months Ended
Dec. 31, 2023
Entity Information [Line Items]  
Tenant Concentrations Tenant Concentrations
The Company had one tenant that constitutes a significant asset concentration. The Company typically leases its operating properties to corporate tenants under master leases that are associated with multiple operating properties, which creates asset concentrations within the Company. Assets leased to subsidiaries of and guaranteed by Amazon.com, Inc. accounted for approximately 31.1% and 41.8% of the Company’s net book value of assets as of December 31, 2023 and 2022, respectively. The audited financial statements for Amazon.com, Inc. for the years ended December 31, 2023 and 2022, are publicly available on the SEC’s website, http://www.sec.gov.
The Company had two and three tenants from which it derived 10% or more of its revenue for the year ended December 31, 2023 and for the period from Inception through December 31, 2022, respectively, as follows:
Rental IncomePercentage of Total Rental Income
TenantYear Ended December 31, 2023From Inception through December 31, 2022Year Ended December 31, 2023From Inception through December 31, 2022
Amazon$67,777 $13,386 27.8 %29.3 %
Maverick Gaming$19,182 $5,002 7.9 %10.9 %
McDermott, Inc.$26,070 $4,982 10.7 %10.9 %

The Company derived 17.8% of its rental revenue from tenants outside of the United States, which includes one property in Canada leased to Amazon.
Oak Street Real Estate Capital Fund IV and V Acquired Predecessor Portfolio  
Entity Information [Line Items]  
Tenant Concentrations Tenant Concentrations
The Predecessor typically leases its operating properties to corporate tenants under master leases that are associated with multiple operating properties, which creates rental income concentrations within the Predecessor. For the period January 1, 2022 through Acquisition, and the year ended December 31, 2021, four tenants represented approximately 83.3% and 88.1%, respectively, of the Predecessor’s rental revenues. If any tenant were to default on its lease, future rental revenues of the Predecessor could be adversely impacted.