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Borrowings - Schedule of Mortgage Notes (Details) - Mortgages Payable - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Dec. 31, 2021
Debt Instrument [Line Items]      
Principal Balance Outstanding $ 378,532 $ 378,532 $ 163,500
Deferred financing costs, net (4,177) (4,177) (1,847)
Mortgage notes payable, net $ 374,355 $ 374,355 161,653
Cortona Apartments      
Debt Instrument [Line Items]      
Interest rate 2.65% 2.65%  
Maximum Principal Amount $ 45,000 $ 45,000  
Principal Balance Outstanding $ 45,000 $ 45,000 45,000
Weighted-average interest rate 4.12% 3.23%  
Cortona Apartments | LIBOR      
Debt Instrument [Line Items]      
Variable interest rate   2.40%  
Bixby Kennesaw      
Debt Instrument [Line Items]      
Maximum Principal Amount $ 53,000 $ 53,000  
Principal Balance Outstanding $ 53,000 $ 53,000 53,000
Weighted-average interest rate 3.81% 2.65%  
Bixby Kennesaw | LIBOR      
Debt Instrument [Line Items]      
Variable interest rate   1.60%  
Tempe Student Housing      
Debt Instrument [Line Items]      
Maximum Principal Amount $ 65,500 $ 65,500  
Principal Balance Outstanding $ 65,500 $ 65,500 65,500
Weighted-average interest rate 2.83% 2.25%  
Tempe Student Housing | SOFR      
Debt Instrument [Line Items]      
Variable interest rate   1.75%  
Cortlandt Crossing      
Debt Instrument [Line Items]      
Interest rate 3.13% 3.13%  
Maximum Principal Amount $ 39,660 $ 39,660  
Principal Balance Outstanding 39,660 39,660 0
Everly Roseland Apartments      
Debt Instrument [Line Items]      
Maximum Principal Amount 113,500 113,500  
Principal Balance Outstanding $ 105,372 $ 105,372 0
Weighted-average interest rate 4.06% 3.35%  
Everly Roseland Apartments | SOFR      
Debt Instrument [Line Items]      
Variable interest rate   145.00%  
Midwest Industrial Portfolio      
Debt Instrument [Line Items]      
Interest rate 4.44% 4.44%  
Maximum Principal Amount $ 70,000 $ 70,000  
Principal Balance Outstanding $ 70,000 $ 70,000 $ 0
Midwest Industrial Portfolio, One      
Debt Instrument [Line Items]      
Interest rate 4.44% 4.44%  
Maximum Principal Amount $ 35,000 $ 35,000  
Midwest Industrial Portfolio, Two      
Debt Instrument [Line Items]      
Interest rate 2.20% 2.20%  
Maximum Principal Amount $ 35,000 $ 35,000  
Weighted-average interest rate 4.24% 4.21%  
Midwest Industrial Portfolio, Two | SOFR      
Debt Instrument [Line Items]      
Variable interest rate   1.70%