Segment Reporting - Summary of Total Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Segment Reporting Information [Line Items]
Total assets	$ 1,573,595	$ 1,503,518
Multifamily
Segment Reporting Information [Line Items]
Total assets	646,208	649,339
Industrial
Segment Reporting Information [Line Items]
Total assets	434,226	438,750
Single-family rental
Segment Reporting Information [Line Items]
Total assets	43,692	43,671
Retail
Segment Reporting Information [Line Items]
Total assets	122,124	122,873
Investments in real estate debt, real estate-related and other securities
Segment Reporting Information [Line Items]
Total assets	321,246	241,220
Other (corporate)
Segment Reporting Information [Line Items]
Total assets	$ 6,099	$ 7,665