Annual report [Section 13 and 15(d), not S-K Item 405]

ORGANIZATION (Details)

v3.25.4
ORGANIZATION (Details)
$ in Thousands, ft² in Millions
12 Months Ended
Dec. 26, 2025
USD ($)
Jan. 30, 2021
USD ($)
property
distributionCenter
lease
shares
Dec. 31, 2025
USD ($)
ft²
property
state
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jul. 23, 2025
USD ($)
Dec. 31, 2022
property
Oct. 28, 2020
Real Estate [Line Items]                
Number of master leases | lease   2            
Number of real estate properties encumbered | property     20          
Number of states operated in | state     35          
Area of real estate property | ft²     15.5          
Asset purchase agreement, consideration   $ 1,000,000            
Trust certificates issued (in shares) | shares   75,000,000            
Related party, annual service fee     $ 100          
General and administrative expenses     $ 15,297 $ 4,910 $ 5,263      
Management agreement term     24 months          
Management agreement automatic renewal term     6 months          
Base management fee percentage     5.75%          
Base management fee, monthly amount     $ 333          
Closing fee per DC property sold     50          
Base management fees     5,660 5,806 5,869      
Base management fees payable     470 478 492      
Asset management fees     82 340 86      
Price of retail properties           $ 947,000    
Deal costs $ 6,389              
Non-refundable deposit 2,000              
Deposits 3,000              
Damages sought, value $ 200,000              
Related Party                
Real Estate [Line Items]                
General and administrative expenses     $ 100 $ 100 $ 100      
PropCos                
Real Estate [Line Items]                
Ownership percentage by parent   100.00%            
First Lien Notes | Senior Notes | Old Copper                
Real Estate [Line Items]                
Interest rate               5.875%
First Lien Notes | Credit Facility                
Real Estate [Line Items]                
Asset purchase agreement, debt assumed   $ 100,000            
DIP Facility | Credit Facility                
Real Estate [Line Items]                
Asset purchase agreement, debt assumed   $ 900,000            
Retail                
Real Estate [Line Items]                
Number of real estate properties | property   160 117          
Warehouse                
Real Estate [Line Items]                
Number of real estate properties | distributionCenter   6            
Number of real estate properties sold, cumulative | property             6