Segment Reporting - Schedule of Segment Reporting Information 1 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Segment Reporting Information [Line Items]
Total revenues	$ 21,034	$ 22,274	$ 50,108	$ 35,079
Advisory and administrative fees	7,020	3,443	10,662	6,689
Corporate general and administrative expenses			3,947	6,030
Real estate taxes and insurance			3,414	3,014
Property operating expense	5,523	6,756	12,484	8,333
Interest expense	6,637	7,851	13,913	12,382
Realized (gains) losses from non-real estate investments	(3,462)	3	(4,981)	21,875
Change in unrealized (gains) losses from non-real estate investments	41,637	3,154	74,959	(3,136)
Gain on sales of real estate	(26)	0	(37)	0
Property general and administrative expenses			3,607	2,892
Impairment loss	0	0	1,752	0
Income tax expense (benefit)	(641)	303	572	853
Depreciation and amortization	4,028	4,102	7,937	6,898
Equity in (income) losses of unconsolidated equity method ventures	(190)	(196)	167	958
Other segment items			906	361
Net loss	$ (44,088)	$ (10,522)	(79,194)	(32,070)
Diversified
Segment Reporting Information [Line Items]
Total revenues			31,191	25,693
Advisory and administrative fees			6,764	6,420
Corporate general and administrative expenses			5,577	5,460
Real estate taxes and insurance			2,375	2,466
Property operating expense			3,090	3,335
Interest expense			7,513	8,911
Realized (gains) losses from non-real estate investments			(4,981)	21,875
Change in unrealized (gains) losses from non-real estate investments			74,959	(3,136)
Gain on sales of real estate			0	0
Property general and administrative expenses			1,147	1,326
Impairment loss			0	0
Income tax expense (benefit)			484	853
Depreciation and amortization			5,721	5,543
Equity in (income) losses of unconsolidated equity method ventures			167	958
Other segment items			363	342
Net loss			(71,988)	(28,662)
Hospitality
Segment Reporting Information [Line Items]
Total revenues			18,917	9,386
Advisory and administrative fees			3,898	269
Corporate general and administrative expenses			(1,630)	570
Real estate taxes and insurance			1,039	548
Property operating expense			9,394	4,998
Interest expense			6,400	3,471
Realized (gains) losses from non-real estate investments			0	0
Change in unrealized (gains) losses from non-real estate investments			0	0
Gain on sales of real estate			(37)	0
Property general and administrative expenses			2,460	1,566
Impairment loss			1,752	0
Income tax expense (benefit)			88	0
Depreciation and amortization			2,216	1,355
Equity in (income) losses of unconsolidated equity method ventures			0	0
Other segment items			543	19
Net loss			$ (7,206)	$ (3,408)