Consolidated Real Estate Investments - Schedule of Components of Investments in Real Estate Properties (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	$ (38,379)	$ (31,371)
Total Operating Properties	378,307	384,254
Accumulated depreciation and amortization		(388)
Total Held for Sale Properties		29,890
White Rock Center
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	13,745	13,716
5916 W Loop 289
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	4,019	4,019
Cityplace Tower
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	236,392	236,018
NexPoint Dominion Land, LLC
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	26,500	26,500
Dallas Hilton Garden Inn
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	30,396	30,318
St. Petersburg Marriott
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	45,990	45,796
Hyatt Place Park City
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	28,034	27,636
Bradenton Hampton Inn & Suites
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	30,987	30,911
HUB Research Triangle Park
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	623	711
Plano Homewood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		8,266
Las Colinas HomeWood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		13,762
Addison Property
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		8,250
Land
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	0	0
Total Operating Properties	62,228	62,227
Accumulated depreciation and amortization		0
Total Held for Sale Properties		6,749
Land | White Rock Center
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	1,315	1,315
Land | 5916 W Loop 289
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	1,081	1,081
Land | Cityplace Tower
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	18,813	18,812
Land | NexPoint Dominion Land, LLC
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	26,500	26,500
Land | Dallas Hilton Garden Inn
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	4,116	4,116
Land | St. Petersburg Marriott
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	5,829	5,829
Land | Hyatt Place Park City
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	3,737	3,737
Land | Bradenton Hampton Inn & Suites
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	837	837
Land | HUB Research Triangle Park
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Land | Plano Homewood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		2,106
Land | Las Colinas HomeWood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		2,292
Land | Addison Property
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		2,351
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	(31,545)	(25,230)
Total Operating Properties	281,560	286,970
Accumulated depreciation and amortization		(218)
Total Held for Sale Properties		19,906
Buildings and Improvements | White Rock Center
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	10,597	10,568
Buildings and Improvements | 5916 W Loop 289
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	2,938	2,938
Buildings and Improvements | Cityplace Tower
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	195,416	195,408
Buildings and Improvements | NexPoint Dominion Land, LLC
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Buildings and Improvements | Dallas Hilton Garden Inn
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	24,674	24,631
Buildings and Improvements | St. Petersburg Marriott
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	33,770	33,715
Buildings and Improvements | Hyatt Place Park City
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	20,175	19,876
Buildings and Improvements | Bradenton Hampton Inn & Suites
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	25,535	25,064
Buildings and Improvements | HUB Research Triangle Park
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Buildings and Improvements | Plano Homewood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		5,394
Buildings and Improvements | Las Colinas HomeWood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		10,153
Buildings and Improvements | Addison Property
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		4,577
Intangible Lease Assets
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	(8,799)	(8,353)
Total Operating Properties	2,180	2,626
Accumulated depreciation and amortization		0
Total Held for Sale Properties		0
Intangible Lease Assets | White Rock Center
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	1,921	1,921
Intangible Lease Assets | 5916 W Loop 289
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Assets | Cityplace Tower
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	9,058	9,058
Intangible Lease Assets | NexPoint Dominion Land, LLC
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Assets | Dallas Hilton Garden Inn
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Assets | St. Petersburg Marriott
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Assets | Hyatt Place Park City
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Assets | Bradenton Hampton Inn & Suites
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Assets | HUB Research Triangle Park
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Assets | Plano Homewood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Intangible Lease Assets | Las Colinas HomeWood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Intangible Lease Assets | Addison Property
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Intangible Lease Liabilities
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	4,168	3,631
Total Operating Properties	(2,602)	(3,139)
Accumulated depreciation and amortization		0
Total Held for Sale Properties		0
Intangible Lease Liabilities | White Rock Center
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	(101)	(101)
Intangible Lease Liabilities | 5916 W Loop 289
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Liabilities | Cityplace Tower
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	(6,669)	(6,669)
Intangible Lease Liabilities | NexPoint Dominion Land, LLC
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Liabilities | Dallas Hilton Garden Inn
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Liabilities | St. Petersburg Marriott
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Liabilities | Hyatt Place Park City
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Liabilities | Bradenton Hampton Inn & Suites
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Liabilities | HUB Research Triangle Park
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Intangible Lease Liabilities | Plano Homewood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Intangible Lease Liabilities | Las Colinas HomeWood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Intangible Lease Liabilities | Addison Property
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Right of use assets
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	(48)	(29)
Total Operating Properties	2,040	2,147
Accumulated depreciation and amortization		0
Total Held for Sale Properties		0
Right of use assets | White Rock Center
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Right of use assets | 5916 W Loop 289
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Right of use assets | Cityplace Tower
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Right of use assets | NexPoint Dominion Land, LLC
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Right of use assets | Dallas Hilton Garden Inn
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Right of use assets | St. Petersburg Marriott
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Right of use assets | Hyatt Place Park City
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Right of use assets | Bradenton Hampton Inn & Suites
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	1,465	1,465
Right of use assets | HUB Research Triangle Park
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	623	711
Right of use assets | Plano Homewood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Right of use assets | Las Colinas HomeWood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Right of use assets | Addison Property
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		0
Construction in Progress
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	0	0
Total Operating Properties	24,824	24,689
Accumulated depreciation and amortization		0
Total Held for Sale Properties		859
Construction in Progress | White Rock Center
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Construction in Progress | 5916 W Loop 289
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Construction in Progress | Cityplace Tower
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	19,418	19,053
Construction in Progress | NexPoint Dominion Land, LLC
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Construction in Progress | Dallas Hilton Garden Inn
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	79	96
Construction in Progress | St. Petersburg Marriott
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	4,090	3,951
Construction in Progress | Hyatt Place Park City
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	956	877
Construction in Progress | Bradenton Hampton Inn & Suites
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	281	712
Construction in Progress | HUB Research Triangle Park
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Construction in Progress | Plano Homewood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		28
Construction in Progress | Las Colinas HomeWood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		313
Construction in Progress | Addison Property
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		518
Furniture, Fixtures, and Equipment
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	(2,155)	(1,390)
Total Operating Properties	8,077	8,734
Accumulated depreciation and amortization		(170)
Total Held for Sale Properties		2,376
Furniture, Fixtures, and Equipment | White Rock Center
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	13	13
Furniture, Fixtures, and Equipment | 5916 W Loop 289
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Furniture, Fixtures, and Equipment | Cityplace Tower
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	356	356
Furniture, Fixtures, and Equipment | NexPoint Dominion Land, LLC
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	0	0
Furniture, Fixtures, and Equipment | Dallas Hilton Garden Inn
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	1,527	1,475
Furniture, Fixtures, and Equipment | St. Petersburg Marriott
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	2,301	2,301
Furniture, Fixtures, and Equipment | Hyatt Place Park City
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	3,166	3,146
Furniture, Fixtures, and Equipment | Bradenton Hampton Inn & Suites
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	2,869	2,833
Furniture, Fixtures, and Equipment | HUB Research Triangle Park
Property, Plant and Equipment [Line Items]
Investment in real estate, gross	$ 0	0
Furniture, Fixtures, and Equipment | Plano Homewood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		738
Furniture, Fixtures, and Equipment | Las Colinas HomeWood Suites
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		1,004
Furniture, Fixtures, and Equipment | Addison Property
Property, Plant and Equipment [Line Items]
Total Held for Sale Properties		$ 804