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Fair Value Measures and Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule of Carrying and Estimated Fair Falues | The table below presents the carrying values and estimated fair values of certain financial assets and liabilities, aggregated by their level in the fair value hierarchy within which those measurements fall (in thousands):
|  |  |  |  |  | Fair Value Hierarchy Level
Description |  | Carrying Value |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
December 31, 2025 |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 5,566 |  |  | $ | 5,566 |  |  | $ | — |  |  | $ | 5,566 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | 6,850 |  |  | $ | 6,850 |  |  | $ | — |  |  | $ | 6,850 |  |  | $ | — |
Term loans (1) |  | $ | 1,093,331 |  |  | $ | 1,103,089 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,103,089 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 16,426 |  |  | $ | 16,426 |  |  | $ | — |  |  | $ | 16,426 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |
Term loans (1) |  | $ | 622,608 |  |  | $ | 626,629 |  |  | $ | — |  |  | $ | — |  |  | $ | 626,629 |
(1) Recorded at carrying value in the consolidated balance sheets which represents amortized cost, net of unamortized debt issuance and discount costs.
Summary of Provisions for Impairment on Real Estate Investments | The following table summarizes the provisions for impairment on real estate investments during the periods indicated below (dollars in thousands):
|  | Year Ended December 31,
|  | 2025 |  | 2024 |  | 2023
Carrying value prior to impairment |  | $ | 91,857 |  |  | $ | 164,778 |  |  | $ | 58,667 |
Less: total provisions for impairment |  | (15,909) |  |  | (29,969) |  |  | (7,083) |
Carrying value after impairment |  | $ | 75,948 |  |  | $ | 134,809 |  |  | $ | 51,584 |
Number of properties: (1) |  |  |  |  |  |
Classified as held for sale |  | 7 |  | 13 |  | 16
Disposed within the period |  | 24 |  | 35 |  | 4
Classified as held for investment |  | 5 |  | 15 |  | 2
(1) Includes the number of properties that were either (i) impaired during the respective period and remained as held for sale as of period-end, (ii) impaired and disposed during the respective period, or (iii) impaired during the respective period and remained as held for investment at period-end.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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