Investments in Real Estate Debt - Schedule of Real Estate Investment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Investments [Abstract]
Interest income	$ 119,519	$ 155,392	$ 232,877	$ 334,230
Unrealized gain	40,521	30,977	81,833	125,369
Realized loss	(5,926)	(27,414)	(14,719)	(38,350)
Total	154,114	158,955	299,991	421,249
Net realized and unrealized (loss) gain on derivatives	(7,107)	841	(11,282)	4,961
Net realized and unrealized (loss) gain on secured financings of investments in real estate debt	(12,214)	1,404	(17,685)	6,846
Other expense	(1,139)	(4,125)	(4,492)	(7,788)
Total income from investments in real estate debt	$ 133,654	$ 157,075	$ 266,532	$ 425,268