Preferred Equity - Additional Information (Details) - USD ($) |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Apr. 04, 2025 |
Oct. 29, 2024 |
Oct. 29, 2019 |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Class Of Stock [Line Items] | ||||||
| Issuance costs | $ 57,281,000 | $ 144,000 | $ 11,000 | |||
| Series A Convertible Preferred Stock Purchase Agreement | ||||||
| Class Of Stock [Line Items] | ||||||
| Maximum purchase commitment amount | $ 200,000,000 | |||||
| Initial closing amount | 150,000,000 | 150,000,000 | ||||
| Second and final closing amount | 50,000,000 | $ 50,000,000 | ||||
| Issuance costs | $ 3,600,000 | $ 3,600,000 | ||||
| Preferred stock, dividend rate, percentage | 7.00% | 6.25% | ||||
| Dividend rate percentage of increase on preferred stock | 0.75% | |||||
| Preferred stock payment description | Upon any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of Series A Convertible Preferred Stock were entitled to receive a payment equal to the greater of (i) aggregate purchase price of all outstanding Preferred Shares, plus any accrued and unpaid dividends (the “Liquidation Amount”) and (ii) the amount that would have been payable had the Preferred Shares been converted into common stock pursuant to the terms of the Purchase Agreement immediately prior to such liquidation. | |||||
| Preferred stock redemption description | Subject to certain additional redemption rights, as described herein, we had the right to redeem the Series A Convertible Preferred Stock for cash. The amount of such redemption would have been equal to the Liquidation Amount. Upon the listing of our common stock on a national securities exchange (the “Listing”), we had the right to redeem any or all outstanding Series A Convertible Preferred Stock at an amount equal to the greater of (i) the amount that would have been payable had such Preferred Shares been converted into common stock pursuant to the terms of the Purchase Agreement immediately prior to the Listing, and then all of such Preferred Shares were sold in the Listing, or (ii) the Liquidation Amount. In addition, subject to certain cure provisions, if we failed to maintain our status as a real estate investment trust, the holders of Series A Convertible Preferred Stock had the right to require us to repurchase the Series A Convertible Preferred Stock at an amount equal to the Liquidation Amount with no Premium Amount. | |||||
| Preferred stock redemption premium | $ 0 | |||||
| Preferred stock, conversion basis | Subject to our redemption rights in the event of a listing or change of control described above, the holders of Series A Convertible Preferred Stock had the right to convert any or all of the Series A Convertible Preferred Stock held by such holders into common stock at a rate per share equal to the quotient obtained by dividing the Liquidation Amount by the conversion price. The conversion price was $42.64, and as applicable would have been adjusted in connection with stock splits, stock dividends and other similar transactions. | |||||
| Conversion price per share | $ 42.64 | |||||
| Preferred shares outstanding | 200,000 | |||||
| Aggregate liquidation preference | $ 203,400,000 | |||||
| Amount of accumulated and unpaid distributions | 3,600,000 | $ 3,400,000 | ||||
| Payment liquidation amount | $ 203,600,000 | |||||