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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

Accounting Policies [Abstract]

Schedule of Variable Interest Entities

The Operating Partnership's consolidated VIEs included the following assets and liabilities:

			June 30, 2025						December 31, 2024
Assets:
Property, net			$	118,882					$	122,102
Other assets			16,449						22,034
Total assets			$	135,331					$	144,136
Liabilities:
Mortgage notes payable			$	219,642					$	219,595
Other liabilities			67,613						71,268
Total liabilities			$	287,255					$	290,863

Schedule of Cash and Cash Equivalents

The following table presents a reconciliation of the beginning of period and end of period cash, cash equivalents and restricted cash reported on the Company's consolidated balance sheets to the totals shown on its consolidated statements of cash flows:

			For the Six Months Ended June 30,
			2025						2024
Beginning of period
Cash and cash equivalents			$	89,858					$	94,936
Restricted cash			87,621						95,358
Cash, cash equivalents and restricted cash			$	177,479					$	190,294
End of period
Cash and cash equivalents			$	131,092					$	70,692
Restricted cash			94,381						110,962
Cash, cash equivalents and restricted cash			$	225,473					$	181,654

Schedule of Restricted Cash

The following table presents a reconciliation of the beginning of period and end of period cash, cash equivalents and restricted cash reported on the Company's consolidated balance sheets to the totals shown on its consolidated statements of cash flows:

			For the Six Months Ended June 30,
			2025						2024
Beginning of period
Cash and cash equivalents			$	89,858					$	94,936
Restricted cash			87,621						95,358
Cash, cash equivalents and restricted cash			$	177,479					$	190,294
End of period
Cash and cash equivalents			$	131,092					$	70,692
Restricted cash			94,381						110,962
Cash, cash equivalents and restricted cash			$	225,473					$	181,654

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Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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