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Mortgage Notes, Repurchase Facility and Unsecured Revolving Credit Facility - Summary of the Mortgage Notes Secured by Properties and Repurchase Facility (Details) - USD ($)
3 Months Ended
Jul. 15, 2025
Mar. 31, 2026
Dec. 31, 2025
Aug. 22, 2024
Debt Instrument [Line Items]        
Maturity Date Jul. 15, 2028      
Mortgage notes, net   $ 363,841,000 $ 359,445,000  
Long-Term Debt [1]   $ 671,054,000 607,091,000  
Repurchase Facility        
Debt Instrument [Line Items]        
Maturity Date   Aug. 22, 2027    
Maximum Facility Size   $ 250,000,000   $ 150,000,000
Investment, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]    
Weighted average interest rate   1.52%    
Commercial Mortgage Loan | Repurchase Facility        
Debt Instrument [Line Items]        
Total loans secured by real estate   $ 228,450,000 168,450,000  
Unamortized deferred financing costs   (642,000) (587,000)  
Long-Term Debt   227,808,000 167,863,000  
Mortgage notes        
Debt Instrument [Line Items]        
Total loans secured by real estate   369,604,000 365,641,000  
Deferred financing costs, net   (4,047,000) (4,327,000)  
Mortgage discount, net   (1,716,000) (1,869,000)  
Mortgage notes, net   363,841,000 359,445,000  
Long-Term Debt   369,604,000    
Mortgage notes | Fixed Rate        
Debt Instrument [Line Items]        
Total loans secured by real estate   240,036,000 240,274,000  
Mortgage notes | Variable Rate        
Debt Instrument [Line Items]        
Total loans secured by real estate   $ 129,568,000 125,367,000  
Mortgage notes | Caroline West Gray | Fixed Rate        
Debt Instrument [Line Items]        
Interest Rate   5.44%    
Maturity Date   Dec. 01, 2029    
Total loans secured by real estate   $ 45,911,000 45,911,000  
Mortgage notes | Caroline Post Oak | Fixed Rate        
Debt Instrument [Line Items]        
Interest Rate   5.44%    
Maturity Date   Dec. 01, 2029    
Total loans secured by real estate   $ 40,528,000 40,528,000  
Mortgage notes | Coda on Centre | Fixed Rate        
Debt Instrument [Line Items]        
Interest Rate   4.28%    
Maturity Date   May 01, 2029    
Total loans secured by real estate   $ 27,718,000 27,860,000  
Mortgage notes | The Elmstead | Fixed Rate        
Debt Instrument [Line Items]        
Interest Rate [2]   4.30%    
Maturity Date [2]   Apr. 01, 2031    
Total loans secured by real estate [2]   $ 21,245,000 21,245,000  
Mortgage notes | 6200 Bristol | Variable Rate        
Debt Instrument [Line Items]        
Interest Rate [3]   2.05%    
Maturity Date [3]   Apr. 01, 2029    
Total loans secured by real estate [3]   $ 10,000,000 10,000,000  
Investment, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]    
Mortgage notes | Bass Lofts | Fixed Rate        
Debt Instrument [Line Items]        
Interest Rate   3.95%    
Maturity Date   Sep. 05, 2027    
Total loans secured by real estate   $ 14,806,000 14,902,000  
Mortgage notes | One Brooklyn | Fixed Rate        
Debt Instrument [Line Items]        
Interest Rate   4.35%    
Maturity Date   Jul. 01, 2028    
Total loans secured by real estate   $ 6,600,000 6,600,000  
Mortgage notes | Charleston | Fixed Rate        
Debt Instrument [Line Items]        
Interest Rate   5.08%    
Maturity Date   Sep. 01, 2030    
Total loans secured by real estate   $ 59,728,000 59,728,000  
Mortgage notes | Norfolk Industrial Portfolio | Variable Rate        
Debt Instrument [Line Items]        
Interest Rate [4]   1.75%    
Maturity Date [4]   Jun. 19, 2030    
Total loans secured by real estate [4]   $ 43,700,000 43,700,000  
Investment, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]    
Mortgage notes | Preserve at Pine Valley | Variable Rate        
Debt Instrument [Line Items]        
Interest Rate [5]   1.50%    
Maturity Date [5]   Dec. 10, 2030    
Total loans secured by real estate [5]   $ 21,200,000 21,200,000  
Investment, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]    
Mortgage notes | Vineyard Commons | Variable Rate        
Debt Instrument [Line Items]        
Interest Rate [6]   1.40%    
Maturity Date [6]   Jan. 01, 2030    
Total loans secured by real estate [6]   $ 45,175,000 45,175,000  
Investment, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]    
Mortgage notes | Stablewood | Variable Rate        
Debt Instrument [Line Items]        
Interest Rate [7]   3.75%    
Maturity Date [7]   Aug. 08, 2028    
Total loans secured by real estate [7]   $ 9,493,000 5,292,000  
Maximum Facility Size   $ 50,000,000    
Investment, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]    
Mortgage notes | Baker Chocolate | Fixed Rate        
Debt Instrument [Line Items]        
Interest Rate   3.91%    
Maturity Date   Jan. 01, 2028    
Total loans secured by real estate   $ 23,500,000 23,500,000  
Credit Facility        
Debt Instrument [Line Items]        
Interest Rate 0.50%      
Maturity Date   Jul. 15, 2028    
Maximum Facility Size   $ 325,000,000    
Investment, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]    
Weighted average interest rate   1.30%    
Credit Facility | Commercial Mortgage Loan        
Debt Instrument [Line Items]        
Total loans secured by real estate   $ 73,000,000 $ 73,000,000  
[1] Excludes deferred financing costs and discounts.
[2]

(1) This loan is comprised of a senior and a mezzanine loan. The interest rate and maturity date presented are the weighted average.

[3]

(2) The Company entered into an interest rate swap that was not designated as a hedge, which fixed the rate at 6.26%.

[4]

(3) The Company entered into an interest rate swap that was not designated as a hedge, which fixed the rate at 5.41%.

[5]

(4) The Company entered into an interest rate swap that was not designated as a hedge, which fixed the rate at 4.90%.

[6]

(5) The Company entered into an interest rate swap that was not designated as a hedge, which fixed the rate at 4.88%.

[7]

(6) Represents a line of credit secured by real estate with a maximum facility size of $50 million.