Schedule III—Real Estate and Accumulated Depreciation (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,109,954,000
Initial Cost of Land and Land Improvements	309,474,000
Initial Cost of Building and Building Improvements	1,391,754,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	826,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	18,847,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	310,300,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	1,410,601,000
Total	1,720,901,000	$ 1,684,796,000	$ 1,602,537,000
Accumulated Depreciation	(165,872,000)	(123,113,000)	$ (100,604,000)
Total	1,103,507,000	$ 1,074,156,000
Furniture, fixtures and equipment
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Total	46,100,000
Accumulated Depreciation	(17,700,000)
Multifamily/Student Housing properties:
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	682,081,000
Initial Cost of Land and Land Improvements	149,899,000
Initial Cost of Building and Building Improvements	878,125,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	(14,000)
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	5,497,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	149,885,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	883,622,000
Total	1,033,507,000
Accumulated Depreciation	(99,747,000)
Multifamily/Student Housing properties: | Atlanta, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	43,650,000
Initial Cost of Land and Land Improvements	9,837,000
Initial Cost of Building and Building Improvements	47,058,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	(1,089,000)
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	293,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	8,748,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	47,351,000
Total	56,099,000
Accumulated Depreciation	(13,382,000)
Multifamily/Student Housing properties: | Dallas, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	45,950,000
Initial Cost of Land and Land Improvements	18,155,000
Initial Cost of Building and Building Improvements	43,492,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	536,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	1,126,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	18,691,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	44,618,000
Total	63,309,000
Accumulated Depreciation	(7,861,000)
Multifamily/Student Housing properties: | Baltimore, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	51,520,000
Initial Cost of Land and Land Improvements	10,310,000
Initial Cost of Building and Building Improvements	61,908,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	17,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	358,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	10,327,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	62,266,000
Total	72,593,000
Accumulated Depreciation	(6,961,000)
Multifamily/Student Housing properties: | Orlando, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	48,700,000
Initial Cost of Land and Land Improvements	10,503,000
Initial Cost of Building and Building Improvements	61,703,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	95,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	388,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	10,598,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	62,091,000
Total	72,689,000
Accumulated Depreciation	(7,220,000)
Multifamily/Student Housing properties: | Nashville, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	110,633,000
Initial Cost of Land and Land Improvements	14,145,000
Initial Cost of Building and Building Improvements	111,469,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	63,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	504,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	14,208,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	111,973,000
Total	126,181,000
Accumulated Depreciation	(11,752,000)
Multifamily/Student Housing properties: | Wilmington , NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	62,110,000
Initial Cost of Land and Land Improvements	6,528,000
Initial Cost of Building and Building Improvements	88,877,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	26,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	380,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	6,554,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	89,257,000
Total	95,811,000
Accumulated Depreciation	(9,291,000)
Multifamily/Student Housing properties: | Beaverton, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	47,553,000
Initial Cost of Land and Land Improvements	8,100,000
Initial Cost of Building and Building Improvements	61,139,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	39,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	19,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	8,139,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	61,158,000
Total	69,297,000
Accumulated Depreciation	(6,323,000)
Multifamily/Student Housing properties: | Pittsburgh, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	58,965,000
Initial Cost of Land and Land Improvements	11,064,000
Initial Cost of Building and Building Improvements	77,270,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	53,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	679,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	11,117,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	77,949,000
Total	89,066,000
Accumulated Depreciation	(8,109,000)
Multifamily/Student Housing properties: | Alexandria, VA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	67,000,000
Initial Cost of Land and Land Improvements	18,775,000
Initial Cost of Building and Building Improvements	114,441,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	57,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	797,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	18,832,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	115,238,000
Total	134,070,000
Accumulated Depreciation	(11,252,000)
Multifamily/Student Housing properties: | Mount Laurel, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	81,000,000
Initial Cost of Land and Land Improvements	18,987,000
Initial Cost of Building and Building Improvements	131,552,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	189,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	943,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	19,176,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	132,495,000
Total	151,671,000
Accumulated Depreciation	(14,409,000)
Multifamily/Student Housing properties: | Atlanta, GA - Reflection
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	65,000,000
Initial Cost of Land and Land Improvements	23,495,000
Initial Cost of Building and Building Improvements	79,216,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	10,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	23,495,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	79,226,000
Total	102,721,000
Accumulated Depreciation	(3,187,000)
Single Family Rental Portfolio
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	129,973,000
Initial Cost of Land and Land Improvements	54,043,000
Initial Cost of Building and Building Improvements	155,598,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	840,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	12,773,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	54,883,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	168,371,000
Total	223,254,000
Accumulated Depreciation	(16,696,000)
Single Family Rental Portfolio | Various
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	129,973,000
Initial Cost of Land and Land Improvements	54,043,000
Initial Cost of Building and Building Improvements	155,598,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	840,000
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	12,773,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	54,883,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	168,371,000
Total	223,254,000
Accumulated Depreciation	(16,696,000)
Logistics properties:
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	62,000,000
Initial Cost of Land and Land Improvements	26,314,000
Initial Cost of Building and Building Improvements	79,559,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	1,012,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	26,314,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	80,571,000
Total	106,885,000
Accumulated Depreciation	(12,676,000)
Logistics properties: | Morton Grove, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	13,500,000
Initial Cost of Land and Land Improvements	5,625,000
Initial Cost of Building and Building Improvements	9,703,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	818,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	5,625,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	10,521,000
Total	16,146,000
Accumulated Depreciation	(1,875,000)
Logistics properties: | Upper Marlboro, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,300,000
Initial Cost of Land and Land Improvements	11,676,000
Initial Cost of Building and Building Improvements	17,161,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	17,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	11,676,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	17,178,000
Total	28,854,000
Accumulated Depreciation	(3,227,000)
Logistics properties: | Lakeland, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,750,000
Initial Cost of Land and Land Improvements	3,217,000
Initial Cost of Building and Building Improvements	22,039,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	96,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	3,217,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	22,135,000
Total	25,352,000
Accumulated Depreciation	(3,734,000)
Logistics properties: | Landover, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,150,000
Initial Cost of Land and Land Improvements	1,591,000
Initial Cost of Building and Building Improvements	7,708,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	56,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	1,591,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	7,764,000
Total	9,355,000
Accumulated Depreciation	(1,001,000)
Logistics properties: | Franklin, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,300,000
Initial Cost of Land and Land Improvements	4,205,000
Initial Cost of Building and Building Improvements	22,948,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	25,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	4,205,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	22,973,000
Total	27,178,000
Accumulated Depreciation	(2,839,000)
Office properties:
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	23,700,000
Initial Cost of Land and Land Improvements	4,415,000
Initial Cost of Building and Building Improvements	30,637,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	(622,000)
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	4,415,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	30,015,000
Total	34,430,000
Accumulated Depreciation	(5,563,000)
Office properties: | Los Angeles, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	23,700,000
Initial Cost of Land and Land Improvements	4,415,000
Initial Cost of Building and Building Improvements	30,637,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	(622,000)
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	4,415,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	30,015,000
Total	34,430,000
Accumulated Depreciation	(5,563,000)
Net Lease properties:
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	212,200,000
Initial Cost of Land and Land Improvements	74,803,000
Initial Cost of Building and Building Improvements	247,835,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	187,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	74,803,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	248,022,000
Total	322,825,000
Accumulated Depreciation	(31,190,000)
Net Lease properties: | Glendale, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	212,200,000
Initial Cost of Land and Land Improvements	74,803,000
Initial Cost of Building and Building Improvements	247,835,000
Costs Capitalized Subsequent to Acquisition, Land and Land Improvements	0
Cost Capitalized Subsequent to Acquisition, Building and Building Improvements	187,000
Gross Amounts at which Carried at the Close of Period, Land and Land Improvements	74,803,000
Gross Amounts at which Carried at the Close of Period, Building and Building Improvements	248,022,000
Total	322,825,000
Accumulated Depreciation	$ (31,190,000)