Segment Reporting - Schedule of Total Assets (Details) - USD ($) $ in Thousands		Sep. 30, 2025	Dec. 31, 2024
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	$ 1,069,553	$ 983,079
Operating segments | Healthcare
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		60,335	64,292
Operating segments | Office
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		28,243	29,270
Operating segments | Industrial
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		284,558	216,473
Operating segments | Self-Storage
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		70,940	71,242
Operating segments | Multifamily
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		229,855	193,547
Operating segments | Student Housing
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		149,819	151,382
Operating segments | Grocery-Anchored Retail
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		61,421	62,843
Operating segments | Real Estate Debt
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		55,250	63,161
Operating segments | Real Estate-Related Securities
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		44,587	56,472
Corporate and Other
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 84,545	$ 74,397

[1] Includes restricted assets of consolidated variable interest entities (“VIEs”) at September 30, 2025 and December 31, 2024 of $478.9 million and $165.7 million, respectively. See Note 16 — “Variable Interest Entities.”