Quarterly report [Sections 13 or 15(d)]

ORGANIZATION (Details)

v3.25.2
ORGANIZATION (Details)
$ in Thousands, ft² in Millions
3 Months Ended 6 Months Ended
Jan. 30, 2021
property
distributionCenter
lease
shares
Jun. 30, 2025
USD ($)
ft²
state
property
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
ft²
state
property
Jun. 30, 2024
USD ($)
Jul. 23, 2025
USD ($)
Dec. 31, 2021
warehouse
Real Estate [Line Items]              
Number of master leases | lease 2            
Number of real estate properties encumbered | property   20   20      
Number of states operated in | state   35   35      
Square feet of leasable space | ft²   15.7   15.7      
Trust certificates issued (in shares) | shares 75,000,000            
Related party, annual service fee       $ 100      
General and administrative expenses   $ 1,246 $ 1,026 $ 2,597 $ 2,549    
Management agreement term       24 months      
Management agreement automatic renewal term       6 months      
Base management fee percentage       5.75%      
Base management fee, monthly amount       $ 333      
Base management fees   1,425 1,458 2,859 2,935    
Base management fees payable   471 484 471 484    
Asset management fees   30 67 30 155    
Subsequent Event              
Real Estate [Line Items]              
Price of retail properties in trust, to be sold           $ 947,000  
Related Party              
Real Estate [Line Items]              
General and administrative expenses   $ 25 $ 25 $ 50 $ 50    
Retail              
Real Estate [Line Items]              
Number of real estate properties | property 160 119   119      
Warehouse              
Real Estate [Line Items]              
Number of real estate properties | distributionCenter 6            
Number of real estate properties sold, cumulative | warehouse             6