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Debt, Net (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt The following table summarizes the carrying value of debt as of the date and the debt activity for the periods indicated below (in thousands):
Three Months Ended March 31, 2026
Balance as of December 31, 2025
Debt IssuancesRepayments, Extinguishment and AssumptionsAccretion and Amortization
Balance as of March 31, 2026
Mortgages payable:
Outstanding balance$373,000 $— $(2,722)$— $370,278 
Deferred costs(1,043)(2,536)— 228 (3,351)
Mortgages payable, net371,957 (2,536)(2,722)228 366,927 
Credit facility revolver
Original Revolving Facility92,000 18,000 (110,000)— — 
New Revolving Facility— 127,000 — — 127,000 
Credit facility revolver92,000 145,000 (110,000)— 127,000 
Total debt$463,957 $142,464 $(112,722)$228 $493,927 
Schedule of Maturities of Long-Term Debt
The following table summarizes the scheduled aggregate principal repayments due on the Company’s debt outstanding as of March 31, 2026 (in thousands). The maturity dates reflected in the table exclude any borrower extension options under the Company’s debt obligations.
Total
April 1, 2026 to December 31, 2026
$— 
2027— 
2028127,000 
2029352,278 
2030— 
203118,000 
Total$497,278 
Schedule of Mortgage Notes Payable
The Company’s consolidated debt consisted of the following as of March 31, 2026 (dollars in thousands):
Encumbered Properties
Net Carrying Value of Collateralized Properties (1)
Outstanding BalanceWeighted Average Interest Rate
Weighted Average Years to Maturity (2)
Fixed-rate debt20 $414,983 $370,278 5.02 %3.0
Variable-rate debt28 498,400 127,000 6.38 %1.9
Total48 $913,383 $497,278 
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(1)Net carrying value is real estate assets, including right-of-use assets, net of real estate liabilities.
(2)During February 2026, the Company entered into an amendment to the CMBS Loan which among other things, extended the maturity date two years until February 11, 2029, subject to two borrower extension options for an aggregate of 18 months until August 11, 2030. During February 2026, the Company refinanced the Original Revolving Facility with the New Revolving Facility which among other things, extends the maturity date until February 18, 2028, subject to two borrower extension options of six months each.