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Debt, Net (Tables)
 6 Months Ended
Jun. 30, 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):
Six Months Ended June 30, 2026
Balance as of December 31, 2025
Debt IssuancesRepayments, Extinguishment and AssumptionsAmortization
Balance as of June 30, 2026
Mortgages payable:
Outstanding balance$373,000 $— $(38,402)$— $334,598 
Deferred financing costs(1,043)(2,536)284 499 (2,796)
Mortgages payable, net371,957 (2,536)(38,118)499 331,802 
Credit facility revolver
Original Revolving Facility92,000 18,000 (110,000)— — 
New Revolving Facility— 127,000 (25,000)— 102,000 
Credit facility revolver92,000 145,000 (135,000)— 102,000 
Total debt$463,957 $142,464 $(173,118)$499 $433,802 
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 June 30, 2026 (in thousands). The maturity dates reflected in the table exclude any borrower extension options under the Company’s debt obligations.
Total
July 1, 2026 to December 31, 2026
$— 
2027— 
2028102,000 
2029316,598 
2030— 
203118,000 
Total$436,598 
Schedule of Mortgage Notes Payable
The Company’s consolidated debt consisted of the following as of June 30, 2026 (dollars in thousands):
Encumbered Properties
Net Carrying Value of Collateralized Properties (1)
Outstanding Balance
Weighted Average Interest Rate (2)
Weighted Average Years to Maturity
Fixed-rate debt19 $402,005 $334,598 5.02 %2.8
Variable-rate debt29 509,720 102,000 6.37 %1.6
Total48 $911,725 $436,598 
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(1)Net carrying value is real estate assets, including right-of-use assets, net of real estate liabilities.
(2)The weighted average interest rate for variable-rate debt represents the interest rate in effect on the New Revolving Facility as of June 30, 2026.