Quarterly report [Sections 13 or 15(d)]

ORGANIZATION (Details)

v3.25.3
ORGANIZATION (Details)
$ in Thousands, ft² in Millions
3 Months Ended 9 Months Ended
Jan. 30, 2021
distributionCenter
property
lease
shares
Sep. 30, 2025
USD ($)
ft²
state
property
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
ft²
state
property
Sep. 30, 2024
USD ($)
Sep. 04, 2025
USD ($)
property
Jul. 23, 2025
USD ($)
Dec. 31, 2021
warehouse
Real Estate [Line Items]                
Number of master leases | lease 2              
Number of real estate properties sold, cumulative | property           2    
Number of real estate properties encumbered | property   20   20        
Number of states operated in | state   35   35        
Square feet of leasable space | ft²   15.5   15.5        
Trust certificates issued (in shares) | shares 75,000,000              
Related party, annual service fee       $ 100        
General and administrative expenses   $ 3,408 $ 1,143 $ 6,005 $ 3,692      
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   1,405 1,446 4,264 4,381      
Base management fees payable   464 482 464 482      
Asset management fees   52 61 82 216      
Price of retail properties in trust, to be sold           $ 935,000 $ 947,000  
Gross Sales Proceeds           $ 12,400    
Related Party                
Real Estate [Line Items]                
General and administrative expenses   $ 25 $ 25 $ 75 $ 75      
Retail                
Real Estate [Line Items]                
Number of real estate properties | property 160 117   117        
Warehouse                
Real Estate [Line Items]                
Number of real estate properties | distributionCenter 6              
Number of real estate properties sold, cumulative | warehouse               6