Debt - Schedule of Mortgage Notes, Credit Facilities and Other Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Principal balance outstanding, gross	$ 2,763,978
Other borrowings, net	753,947	$ 0
Secured Debt
Debt Instrument [Line Items]
Deferred financing costs, net	(3,122)	0
Mortgage notes & credit facilities:
Debt Instrument [Line Items]
Deferred financing costs, net	(43,912)	(13,624)
Principal Balance Outstanding	$ 1,832,997	1,627,748
Unsecured senior notes
Debt Instrument [Line Items]
Basis spread on variable rate	6.35%
Principal balance outstanding, gross	$ 130,000	130,000
Deferred financing costs, net	(3,504)	(3,655)
Unsecured senior notes, net	$ 126,496	126,345
Borrowings under term loan credit facility | Mortgage notes & credit facilities:
Debt Instrument [Line Items]
Basis spread on variable rate	1.35%
Maximum borrowing capacity	$ 1,250,000
Principal balance outstanding, gross	$ 1,250,000	1,165,500
Borrowings under revolving credit facility | Mortgage notes & credit facilities:
Debt Instrument [Line Items]
Basis spread on variable rate	1.40%
Maximum borrowing capacity	$ 2,610,000
Principal balance outstanding, gross	$ 414,000	246,950
Mortgages | Mortgage notes & credit facilities:
Debt Instrument [Line Items]
Basis spread on variable rate	1.88%
Principal balance outstanding, gross	$ 106,462	129,824
Mortgages | Fixed rate mortgages
Debt Instrument [Line Items]
Fixed rate mortgages	4.99%
Principal balance outstanding, gross	$ 106,447	99,098
Master Repurchase Agreement
Debt Instrument [Line Items]
Basis spread on variable rate	1.67%
Maximum borrowing capacity	$ 1,750,000
Master Repurchase Agreement | Secured Debt
Debt Instrument [Line Items]
Secured financings of investments in real estate debt	$ 757,069	$ 0