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Subsequent Events
 9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

16. SUBSEQUENT EVENTS

The Company identified the following events subsequent to September 30, 2025 that are not recognized in the accompanying condensed consolidated financial statements:

(a)
On October 15, 2025, the Company paid distributions in the aggregate amount of $6.1 million.
(b)
On October 24, 2025, the Company amended the Revolving Credit Facility and Term Loan agreements to revise the applicable margin based on the Company's leverage ratio and updated financial covenants.
(c)
On November 11, 2025, the Board of Directors declared a quarterly distribution of $0.215 per share on the Company's Common Stock and OP Units for the quarter ended December 31, 2025, which will be payable on or before January 15, 2026 to stockholders and unitholders of record as of December 31, 2025.
(d)
On November 12, 2025, the Company entered into agreements providing for a $75.0 million delayed-draw convertible perpetual preferred equity investment led by Maewyn Capital Partners.