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Investments in Real Estate Debt - Real Estate-Related Securities (Details) - USD ($)
$ in Thousands
5 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Amortized Cost Basis    
Real estate-related securities as of December 31, 2022   $ 73,839
Real estate-related securities as of December 31, 2023 $ 73,839 87,065
Fair Value    
Real estate-related securities as of December 31, 2022   73,816
Real estate-related securities as of December 31, 2023 73,816 87,209
CMBS    
Amortized Cost Basis    
Real estate-related securities as of December 31, 2022 0 23,839
Face value of real estate-related securities acquired 24,172 30,830
Sale of real estate-related securities (383) (23,793)
Capitalized interest income 50  
Unrealized gain on real estate securities 0 0
Realized gain on sale of real estate-related securities   0
Sale of accrued interest associated with real estate-related securities   (46)
Real estate-related securities as of December 31, 2023 23,839 30,830
Gain/(Loss)    
Real estate-related securities as of December 31, 2022 0 (23)
Face value of real estate-related securities acquired 0 0
Sale of real estate-related securities (1) 0
Capitalized interest income 0  
Unrealized gain on real estate securities (22) 72
Realized gain on sale of real estate-related securities   95
Sale of accrued interest associated with real estate-related securities   0
Real estate-related securities as of December 31, 2023 (23) 144
Fair Value    
Real estate-related securities as of December 31, 2022 0 23,816
Face value of real estate-related securities acquired 24,172 30,830
Sale of real estate-related securities (384) (23,793)
Capitalized interest income 50  
Unrealized gain on real estate securities (22) 72
Realized gain on sale of real estate-related securities   95
Sale of accrued interest associated with real estate-related securities   (46)
Real estate-related securities as of December 31, 2023 $ 23,816 $ 30,974