Debt and Preferred Equity Investments - Schedule of Debt Investments with an Aggregate Weighted Average Current Yield (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage loans on real estate, interest rate		5.02%
Debt Investments Held [Abstract]
Carrying value at fixed rate		$ 168,358,000	$ 303,726,000
Debt and preferred equity investments		168,358,000	303,726,000
Allowance for loan loss		(454,000)	(13,520,000)	$ (13,520,000)	$ (6,630,000)
Debt Investment
Debt Investments Held [Abstract]
Future funding obligations		2,999,000
Senior financing		713,528,000
Debt and preferred equity investments		168,358,000	167,006,000
Allowance for loan loss		(454,000)	(13,520,000)
Total fixed rate
Debt Investments Held [Abstract]
Future funding obligations		0
Senior financing		180,000,000
Carrying value at fixed rate		40,786,000	63,366,000
Total fixed rate | Mezzanine Loan Due June 2024
Debt Investments Held [Abstract]
Future funding obligations		0
Senior financing		0
Carrying value at fixed rate		0	13,366,000
Total fixed rate | Mezzanine Loan Due July 2025
Debt Investments Held [Abstract]
Future funding obligations		0
Senior financing		95,000,000
Carrying value at fixed rate		20,786,000	30,000,000
Total fixed rate | Mezzanine Loan Due December 2029
Debt Investments Held [Abstract]
Future funding obligations		0
Senior financing		85,000,000
Carrying value at fixed rate		20,000,000	20,000,000
Total floating rate
Debt Investments Held [Abstract]
Future funding obligations		2,999,000
Senior financing		533,528,000
Debt and preferred equity investments		128,026,000	117,160,000
Total floating rate | Mezzanine Loan Due August 2025
Debt Investments Held [Abstract]
Future funding obligations		0
Senior financing		54,000,000
Debt and preferred equity investments		9,268,000	8,991,000
Loan interest income		0
Total floating rate | Mezzanine Loan Due January 2026
Debt Investments Held [Abstract]
Future funding obligations		0
Senior financing		283,000,000
Debt and preferred equity investments		50,437,000	53,687,000
Loan interest income		0
Total floating rate | Mezzanine Loan Due January 2026,1
Debt Investments Held [Abstract]
Future funding obligations		2,999,000
Senior financing		196,528,000
Debt and preferred equity investments		68,321,000	$ 54,482,000
Total floating rate | Mezzanine Loan Due December 2025
Debt Investments Held [Abstract]
Partial loan repayment		$ 3,250,000
Total floating rate | Mezzanine Loan Due December 2025 | Subsequent Event
Debt Investments Held [Abstract]
Partial loan repayment	$ 2,500,000