Debt and Preferred Equity Investments - Schedule of Debt and Preferred Equity Investments (Details) $ in Thousands	Jun. 30, 2025 USD ($) investment	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Debt and preferred equity investments	$ 315,684	$ 303,726
Senior Financing	$ 958,671
Number of investments, nonperforming | investment	1
Total floating rate
Debt Instrument [Line Items]
Debt and preferred equity investments	$ 130,245
Face Value	130,812
Total fixed rate
Debt Instrument [Line Items]
Debt and preferred equity investments	185,439
Face Value	185,740
Mezzanine Debt
Debt Instrument [Line Items]
Debt and preferred equity investments	176,730
Senior Financing	708,671
Mezzanine Debt | Total floating rate
Debt Instrument [Line Items]
Debt and preferred equity investments	130,245
Face Value	130,812
Mezzanine Debt | Total fixed rate
Debt Instrument [Line Items]
Debt and preferred equity investments	46,485
Face Value	46,786
Preferred Equity
Debt Instrument [Line Items]
Debt and preferred equity investments	138,954
Senior Financing	250,000
Preferred Equity | Total floating rate
Debt Instrument [Line Items]
Debt and preferred equity investments	0
Face Value	$ 0
Basis spread on variable rate	0.00%
Preferred Equity | Total fixed rate
Debt Instrument [Line Items]
Debt and preferred equity investments	$ 138,954
Face Value	$ 138,954
Interest Rate	6.50%
Minimum | Mezzanine Debt | Total floating rate
Debt Instrument [Line Items]
Basis spread on variable rate	5.06%
Minimum | Mezzanine Debt | Total fixed rate
Debt Instrument [Line Items]
Interest Rate	0.00%
Maximum | Mezzanine Debt | Total floating rate
Debt Instrument [Line Items]
Basis spread on variable rate	11.63%
Maximum | Mezzanine Debt | Total fixed rate
Debt Instrument [Line Items]
Interest Rate	9.00%