Quarterly report [Sections 13 or 15(d)]

ORGANIZATION (Details)

v3.26.1
ORGANIZATION (Details)
$ in Thousands, ft² in Millions
3 Months Ended 6 Months Ended
Dec. 26, 2025
USD ($)
Jan. 30, 2021
distributionCenter
lease
property
shares
Jun. 30, 2026
USD ($)
ft²
property
state
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
ft²
property
state
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
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     15.5   15.5      
Trust certificates issued (in shares) | shares   75,000,000            
Related party, annual service fee         $ 100      
General and administrative expenses     $ 2,585 $ 1,246 $ 8,445 $ 2,597    
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 property         50      
Base management fees     1,416 1,425 2,833 2,859    
Base management fees payable     472   472   $ 470  
Asset management fees     0 30 0 30    
Trust agreement amendment, deposit $ 3,000              
Loss contingency, damages sought, value $ 200,000              
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   160 117   117      
Warehouse                
Real Estate [Line Items]                
Number of real estate properties | distributionCenter   6            
Number of real estate properties sold, cumulative | warehouse               6