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Other Assets and Other Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Other Liabilities Disclosure [Abstract]  
Schedule of Other Assets and Other Liabilities

The following table details the components of the Company's other assets at the dates indicated:

 

 

December 31, 2025

 

 

December 31, 2024

 

Straight-line rent receivables

 

$

8,266

 

 

$

940

 

Tenant receivables

 

 

6,258

 

 

 

1,572

 

Prepaid expenses

 

 

5,594

 

 

 

—

 

Earnest money deposit

 

 

1,202

 

 

 

2,605

 

Interest receivable

 

 

532

 

 

 

364

 

Investment in an unconsolidated joint venture

 

 

—

 

 

 

1,202

 

Total other assets:

 

$

21,852

 

 

$

6,683

 

 

The following table details the components of the Company's other liabilities at the dates indicated:

 

 

December 31, 2025

 

 

December 31, 2024

 

Construction payable

 

$

11,738

 

 

$

—

 

Unearned rental income

 

 

6,391

 

 

 

2,031

 

Distribution payable

 

 

6,292

 

 

 

3,324

 

Redemptions payable

 

 

6,083

 

 

 

245

 

Accrued deferred lease costs

 

 

5,918

 

 

 

—

 

Accrued property expenses

 

 

4,958

 

 

 

2,622

 

Interest payable

 

 

4,018

 

 

 

868

 

Due to tenants

 

 

679

 

 

 

2,335

 

Other

 

 

882

 

 

 

—

 

Total other liabilities:

 

$

46,959

 

 

$

11,425