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Debt and Preferred Equity Investments - Schedule of Preferred Equity Investments with an Aggregate Weighted Average Current Yield (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Preferred equity investment        
Mortgage loans on real estate, interest rate 6.02%      
Carrying Value $ 303,726 $ 346,745    
Allowance for loan loss (13,520) (13,520) $ (6,630) $ (6,630)
Total after allowance for loan loss $ 23,700 8,800    
Preferred Equity Investments        
Preferred equity investment        
Mortgage loans on real estate, interest rate 6.55%      
Future funding obligations $ 0      
Senior financing 250,000      
Total after allowance for loan loss 136,720 128,000    
Preferred Equity, February 2027        
Preferred equity investment        
Future funding obligations 0      
Senior financing 250,000      
Carrying Value $ 136,720 $ 128,000    
Preferred Equity        
Preferred equity investment        
Aggregate weighted average current yield 6.55%      
Carrying Value $ 136,720