Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Disaggregation of Revenue [Line Items]
Total revenue	$ 17,529	$ 11,955
Investment management and platform advisory, net
Disaggregation of Revenue [Line Items]
Total revenue	9,632	6,363
Real estate operating platform
Disaggregation of Revenue [Line Items]
Total revenue	4,502	4,644
Loan servicing fees	400	300
Real estate management
Disaggregation of Revenue [Line Items]
Total revenue	3,395	948
Operating expense reimbursements
Disaggregation of Revenue [Line Items]
Operating expense reimbursement		$ 1,500
Operating expense reimbursement including recoupments	$ 400