DST Program (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Schedule of DST Program Activity

The following table provides details on the Company’s DST Program activity for the three and six months ended June 30, 2026 and 2025:

	Three Months Ended				Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Net proceeds from DST Interests sold (1)	$	149,767	$	67,133	$	360,832	$	106,272
Master lease payments (2)	$	13,573	$	3,215	$	22,967	$	4,518
Distributions from the Company’s DST Interests	$	3,957	$	1,283	$	7,016	$	1,808

(1)     Proceeds from DST Interests sold for the three and six months ended June 30, 2026, are net of total upfront fees at closing of $3,886 and $8,162, of which the Company earned $2,305 and $5,228, respectively. Proceeds from DST Interests sold for the three and six months ended June 30, 2025, are net of total upfront fees at closing of $1,631 and $2,409, respectively, of which the Company earned $1,117 and $1,911, respectively. The upfront fees earned at closing by the Company are included within Other income (expense), net on the Condensed Consolidated Statements of Operations.

(2)    We account for payments made to the DSTs under the master leases as a reduction of our financial obligations prior to remeasuring the fair value.