Consolidated Statement of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Total revenues	$ 17,713	$ 2,066
Rental revenue	17,713	2,066
Expenses
Rental property operating	5,274	561
General and administrative	3,835	2,799
Depreciation and amortization	7,860	1,076
Total expenses	16,969	4,436
Other income (expense), net
Income from investment in real estate debt	1,738	545
Income (loss) from investments in real estate-related and other securities	(372)	8
Mandatorily redeemable instruments interest costs	(4,500)	(376)
Interest expense	(7,245)	(1,349)
Other income (expense), net	1,206	(211)
Total other expense, net	(9,173)	(1,383)
Net loss	(8,429)	(3,753)
Net loss attributable to non-controlling interests in consolidated joint ventures	(103)	(21)
Net loss attributable to JPMREIT stockholders, basic	(8,326)	(3,732)
Net loss attributable to JPMREIT stockholders, diluted	$ (8,326)	$ (3,732)
Net loss per share of common stock - basic	$ (1.03)	$ (5.22)
Net loss per share of common stock - diluted	$ (1.03)	$ (5.22)
Weighted-average shares of common stock outstanding - basic	8,069	715
Weighted-average shares of common stock outstanding - diluted	8,069	715