v3.25.4
Mortgage Notes Payable and Other Debt - Narrative (Details)
$ in Thousands
12 Months Ended 110 Months Ended
Dec. 11, 2025
USD ($)
extension
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]          
Real estate investments, at cost   $ 2,210,025 $ 2,494,797   $ 2,210,025
Outstanding loan amount   $ 1,046,219     $ 1,046,219
Fannie Mae and other secured debt | Interest Rate Cap Maturing November 2026          
Debt Instrument [Line Items]          
Interest rate cap   3.50%     3.50%
Fannie Mae and other secured debt | Collateral Pledged          
Debt Instrument [Line Items]          
Real estate investments, at cost   $ 614,500     $ 614,500
Credit Agreement | Collateral Pledged          
Debt Instrument [Line Items]          
Real estate investments, at cost   867,300     867,300
Mortgage          
Debt Instrument [Line Items]          
Outstanding loan amount   375,480 789,647   375,480
Repayments of mortgage   414,000 39,200 $ 3,800  
Mortgage | Collateral Pledged          
Debt Instrument [Line Items]          
Real estate investments, at cost   683,400 1,300,000   683,400
Mortgage | Secured Term Loan 4 due 2033          
Debt Instrument [Line Items]          
Outstanding loan amount   219,500 234,173   219,500
Long-term debt, covenant requirements, amount   12,500     12,500
Line of Credit          
Debt Instrument [Line Items]          
Outstanding loan amount   334,739 362,216   334,739
Line of Credit | Fannie Mae and other secured debt          
Debt Instrument [Line Items]          
Outstanding loan amount   $ 334,739 340,508   334,739
Payments for escrow deposit         15,400
Debt service coverage ratio   1.40      
Line of Credit | Secured Fannie Mae Loan 1 due 2026          
Debt Instrument [Line Items]          
Outstanding loan amount   $ 199,866 203,405   199,866
Variable rate   2.41%      
Line of Credit | Secured Fannie Mae Loan 2 due 2026          
Debt Instrument [Line Items]          
Outstanding loan amount   $ 134,873 137,103   134,873
Variable rate   2.46%      
Line of Credit | Credit Agreement          
Debt Instrument [Line Items]          
Outstanding loan amount   $ 336,000     336,000
Accordion feature $ 450,000        
Number of extension periods | extension 2        
Extension term 1 year        
Line of Credit | Credit Agreement | Tranche One          
Debt Instrument [Line Items]          
Capacity used (as a percent)   50.00%      
Unused facility fee (as a percentage)   0.20%      
Line of Credit | Credit Agreement | Tranche Two          
Debt Instrument [Line Items]          
Capacity used (as a percent)   50.00%      
Unused facility fee (as a percentage)   0.15%      
Line of Credit | Credit Agreement | Minimum | Base Rate          
Debt Instrument [Line Items]          
Variable rate   0.55%      
Line of Credit | Credit Agreement | Minimum | Secured Overnight Financing Rate (SOFR)          
Debt Instrument [Line Items]          
Variable rate   1.55%      
Line of Credit | Credit Agreement | Maximum | Base Rate          
Debt Instrument [Line Items]          
Variable rate   1.10%      
Line of Credit | Credit Agreement | Maximum | Secured Overnight Financing Rate (SOFR)          
Debt Instrument [Line Items]          
Variable rate   2.10%      
Line of Credit | Credit Agreement | Revolving Credit Facility          
Debt Instrument [Line Items]          
Outstanding loan amount   $ 186,000 0   186,000
Maximum borrowing capacity $ 400,000        
Line of Credit | Credit Agreement | Unsecured Debt          
Debt Instrument [Line Items]          
Outstanding loan amount   150,000 $ 0   150,000
Maximum borrowing capacity $ 150,000 $ 150,000     $ 150,000