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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
6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Preferred equity investment    
Mortgage loans on real estate, interest rate 5.01%  
Debt and preferred equity investments $ 315,684 $ 303,726
Additional amount of financing receivables included in other assets $ 31,500  
Preferred Equity    
Preferred equity investment    
Aggregate weighted average current yield 6.59%  
Debt and preferred equity investments $ 138,954  
Preferred Equity | 625 Madison Avenue    
Preferred equity investment    
Debt and preferred equity investments $ 209,700  
Preferred Equity Investments    
Preferred equity investment    
Mortgage loans on real estate, interest rate 6.59%  
Future Funding Obligations $ 0  
Senior Financing 250,000  
Additional amount of financing receivables included in other assets 138,954 136,720
Preferred Equity, February 2027    
Preferred equity investment    
Future Funding Obligations 0  
Senior Financing 250,000  
Debt and preferred equity investments $ 138,954 $ 136,720