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Summary of Significant Accounting Policies - Schedule of Quantitative Inputs and Assumptions (Details) - Level 3 - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Mandatorily Redeemable Instruments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Discount interest rate, weighted average rate [1] 7.55% 7.52%
Exit capitalization interest rate, weighted average rate [1] 6.13% 6.07%
Market yield interest rate, weighted average rate [1] 5.26% 5.44%
Mandatorily redeemable Class E units [1] $ 22,512 $ 54,794
Mandatorily redeemable Class E units, Valuation Technique [Extensible Enumeration] us-gaap:ValuationTechniqueDiscountedCashFlowMember us-gaap:ValuationTechniqueDiscountedCashFlowMember
Mandatorily redeemable Class E units, Measurement Input [Extensible Enumeration] us-gaap:MeasurementInputDiscountRateMember us-gaap:MeasurementInputDiscountRateMember
Investments in Real Estate Debt    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment in real estate loan $ 304,573 $ 224,600
Investment in real estate loan, Valuation Technique [Extensible Enumeration] us-gaap:ValuationTechniqueDiscountedCashFlowMember us-gaap:ValuationTechniqueDiscountedCashFlowMember
Investment in real estate loan, Measurement Input [Extensible Enumeration] us-gaap:MeasurementInputDiscountRateMember us-gaap:MeasurementInputDiscountRateMember
Investments in Real Estate Debt | SOFR    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Weighted Average Rate Spread [2] 2.54% 2.69%
[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) “SOFR” refers to the Secured Overnight Financing Rate at March 31, 2026.