Debt and Preferred Equity Investments - Schedule of Debt and Preferred Equity Investments (Details) $ in Thousands	Sep. 30, 2025 USD ($) investment	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Debt and preferred equity investments	$ 171,412	$ 303,726
Senior Financing	$ 713,528
Number of investments, nonperforming | investment	1
Total floating rate
Debt Instrument [Line Items]
Debt and preferred equity investments	$ 130,926
Face Value	131,290
Total fixed rate
Debt Instrument [Line Items]
Debt and preferred equity investments	40,486
Face Value	40,786
Mezzanine Debt
Debt Instrument [Line Items]
Debt and preferred equity investments	171,412
Senior Financing	713,528
Mezzanine Debt | Total floating rate
Debt Instrument [Line Items]
Debt and preferred equity investments	130,926
Face Value	131,290
Mezzanine Debt | Total fixed rate
Debt Instrument [Line Items]
Debt and preferred equity investments	40,486
Face Value	$ 40,786
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]
Basis spread on variable 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]
Basis spread on variable rate	11.63%