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Investments in Real Estate Debt - Summary of Company's Investments in Real Estate Debt (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
Positions
Dec. 31, 2023
USD ($)
Positions
Real Estate [Line Items]    
Number of Position | Positions 28 26
Weighted Average Coupon 9.00% 9.30%
Weighted Average Maturity Date 2028-07 2028-04
Face Amount $ 474,368 $ 328,679
Cost Basis 473,881 327,983
Fair Value $ 474,240 $ 328,189
Commercial Real Estate Loan    
Real Estate [Line Items]    
Number of Position | Positions 13 11
Weighted Average Coupon 9.00% 9.10%
Weighted Average Maturity Date 2028-03 2027-09
Face Amount $ 399,911 $ 252,868
Cost Basis 399,777 252,668
Fair Value $ 399,911 $ 252,868
Mezzanine Loans    
Real Estate [Line Items]    
Number of Position | Positions 1 1
Weighted Average Coupon 10.00% 10.00%
Weighted Average Maturity Date 2026-09 2026-09
Face Amount $ 50,000 $ 50,000
Cost Basis 50,000 50,000
Fair Value $ 50,000 $ 50,000
Real Estate-related Securities    
Real Estate [Line Items]    
Number of Position | Positions 14 14
Weighted Average Coupon 7.00% 7.00%
Weighted Average Maturity Date 2037-05 2037-05
Face Amount $ 24,457 $ 25,811
Cost Basis 24,104 25,314
Fair Value $ 24,329 $ 25,321