Debt and Preferred Equity Investments - Schedule of Activity in Debt and Preferred Equity Investments (Details) - USD ($) $ in Thousands	1 Months Ended			3 Months Ended	12 Months Ended
	Feb. 28, 2026	Jan. 31, 2026	Dec. 31, 2025	Mar. 31, 2026	Dec. 31, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of period		$ 168,358		$ 168,358	$ 303,726
Repayment/sales/syndications/equity ownership/amortization				(50,283)	(151,419)
Net change in loan loss reserves				0	(300)
Balance at end of period			$ 168,358	118,083	168,358
Debt and preferred equity investments			168,358	118,083	168,358
Mezzanine Loan Due December 2025 | Floating Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Partial loan repayment	$ 26,000	$ 2,500	3,250
Preferred Equity | 625 Madison Avenue
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Debt and preferred equity investments			$ 122,400	127,100	122,400
Debt Investment
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Originations/Accretion				8	14,118
Preferred Equity Investments
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Originations/Accretion				$ 0	$ 2,233