Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	4 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2023
Cash flows from operating activities
Net income		$ 3,728
Adjustments to reconcile net income to net cash provided by operating activities:
Management fee		1,098
Depreciation and amortization		628
Straight line rent amortization		(836)
Amortization of Debt Discount (Premium)		(67)
Amortization of restricted stock awards		25
Unrealized gain on fair value of investments in real estate debt		(377)
Increase (Decrease) in Operating Capital [Abstract]
Other assets		(848)
Due to affiliate		2,654
Other liabilities		132
Net cash provided by operating activities		6,137
Net Cash Provided by (Used in) Investing Activities [Abstract]
Acquisitions of real estate		(46,214)
Capital improvements to real estate		(621)
Origination and acquisition of real estate debt		(125,621)
Purchase of real estate-related securities		(12,865)
Add-on fundings of commercial mortgage loans		(2,486)
Net cash used in investing activities		(187,807)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from Issuance of Common Stock	200	168,342
Distributions		(1,350)
Offering costs paid		(18)
Net cash provided by financing activities	200	166,974
Net change in cash and cash equivalents	200	(14,696)
Cash and cash equivalents, beginning of period		131,589
Cash and cash equivalents, end of period	$ 200	116,893
Non-cash investing and financing activities
Accrued offering costs due to affiliate		971
Transfer of shares from Class F-I shares to Class A-I shares		103,982
Distribution reinvestments		469
Distributions accrued and not paid		$ 1,069