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Fair Value - Schedule of Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Level 2    
Assets    
Derivative Asset Current Statement Of Financial Position Extensible Enumeration Not Disclosed [Flag] true true
Mortgages payable $ 436,400 $ 250,200
Carrying amount, before adjustments for deferred financing costs 438,700 258,200
Carrying Value | Level 3    
Assets    
Preferred equity investments 35,738 81,668
Carrying Value | Level 2    
Assets    
Derivative financial instruments 679 1,220
Fair Value | Level 3    
Assets    
Preferred equity investments 35,738 81,668
Fair Value | Level 2    
Assets    
Derivative financial instruments $ 679 $ 1,220