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Real Estate Investments, Net (Tables) | 9 Months Ended
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Sep. 30, 2025
Real Estate [Abstract] |
Schedule of real estate properties held for sale | The following table details the major classes of the real estate assets and liabilities associated with the properties that the Company determined to be classified as held for sale as of September 30, 2025 and December 31, 2024.
(In thousands) |  | September 30, 2025 |  | December 31, 2024
Land |  | $ | 9,347 |  |  | $ | 4,574 |
Buildings, fixtures and improvements |  | 23,909 |  |  | 11,658 |
Acquired intangible lease assets |  | 5,017 |  |  | 1,627 |
Above-market leases |  | 432 |  |  | — |
Real estate assets held for sale, at cost |  | 38,705 |  |  | 17,859 |
Less: accumulated depreciation and amortization |  | (5,069) |  |  | (453) |
Real estate assets held for sale, net |  | $ | 33,636 |  |  | $ | 17,406 |
Below-market leases |  | $ | 63 |  |  | $ | — |
Less: accumulated amortization |  | (1) |  |  | — |
Real estate liabilities held for sale, net |  | $ | 62 |  |  | $ | — |
Schedule of properties with significant annualized straight-line rental income, by geographical areas | The following table lists the countries and states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10.0% of consolidated annualized rental income on a straight-line basis as of September 30, 2025 or December 31, 2024, or both. Michigan is included in the United States concentration of 69.5%.
Country / U.S. State |  | September 30, 2025 |  | December 31, 2024
United States |  | 69.5% |  | 80.1%
Michigan |  | 12.1% |  | 9.2%
United Kingdom |  | 14.4% |  | 10.4%

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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