Summary of Significant Accounting Policies - Schedule of Company's Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Mar. 31, 2026	Dec. 31, 2025
Recurring Basis
Assets, Fair Value Disclosure [Abstract]
Investments, fair value disclosure		$ 319,668	$ 239,923
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, fair value disclosure		22,878	55,148
Recurring Basis | Level 2
Assets, Fair Value Disclosure [Abstract]
Investments, fair value disclosure		15,095	15,323
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, fair value disclosure		366	354
Recurring Basis | Level 3
Assets, Fair Value Disclosure [Abstract]
Investments, fair value disclosure		304,573	224,600
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, fair value disclosure		22,512	54,794
Mandatorily Redeemable Instruments | Level 3
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, fair value disclosure	[1]	22,512	54,794
Mandatorily Redeemable Instruments | Recurring Basis
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, fair value disclosure		22,512	54,794
Mandatorily Redeemable Instruments | Recurring Basis | Level 3
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, fair value disclosure		22,512	54,794
Interest Rate Swaps | Recurring Basis
Liabilities, Fair Value Disclosure [Abstract]
Derivatives, fair value disclosure	[2]	366	354
Interest Rate Swaps | Recurring Basis | Level 2
Liabilities, Fair Value Disclosure [Abstract]
Derivatives, fair value disclosure	[2]	366	354
Investments in Real Estate Debt | Recurring Basis
Assets, Fair Value Disclosure [Abstract]
Investments, fair value disclosure		304,573	224,600
Investments in Real Estate Debt | Recurring Basis | Level 3
Assets, Fair Value Disclosure [Abstract]
Investments, fair value disclosure		304,573	224,600
Investments in Real Estate-related and Other Securities | Recurring Basis
Assets, Fair Value Disclosure [Abstract]
Investments, fair value disclosure		15,095	15,323
Investments in Real Estate-related and Other Securities | Recurring Basis | Level 2
Assets, Fair Value Disclosure [Abstract]
Investments, fair value disclosure		$ 15,095	$ 15,323

[1] (2) Mandatorily Redeemable Instruments are carried at the NAV of the Class E units, which is determined monthly in accordance with the Company's valuation guidelines.

[2] (1) Included in accounts payable, accrued expenses and other liabilities on the Company’s Condensed Consolidated Balance Sheets.