Summary of Significant Accounting Policies and Estimates - Summary of Assets Measured at Fair Value on A Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Investments in real estate debt	$ 186,772	$ 87,209
Fair Value, Recurring
Assets:
Investments in unconsolidated real estate affiliates	1,576,301	699,570
Investments in real estate debt	159,007	87,209
Total	1,739,613	798,789
Liabilities:
DST financing obligation	38,169	13,694
Total	60,492	25,165
Interest Rate Contract | Fair Value, Recurring
Assets:
Asset Derivatives	0	6,945
Liabilities:
Liability Derivatives	15,280	4,651
Foreign Exchange Contract | Fair Value, Recurring
Assets:
Asset Derivatives	4,305	5,065
Liabilities:
Liability Derivatives	7,043	6,820
Level 2 | Fair Value, Recurring
Assets:
Investments in unconsolidated real estate affiliates	0	0
Investments in real estate debt	124,311	30,974
Total	128,616	42,984
Liabilities:
DST financing obligation	0	0
Total	22,323	11,471
Level 2 | Interest Rate Contract | Fair Value, Recurring
Assets:
Asset Derivatives	0	6,945
Liabilities:
Liability Derivatives	15,280	4,651
Level 2 | Foreign Exchange Contract | Fair Value, Recurring
Assets:
Asset Derivatives	4,305	5,065
Liabilities:
Liability Derivatives	7,043	6,820
Level 3 | Fair Value, Recurring
Assets:
Investments in unconsolidated real estate affiliates	1,576,301	699,570
Investments in real estate debt	34,696	56,235
Total	1,610,997	755,805
Liabilities:
DST financing obligation	38,169	13,694
Total	38,169	13,694
Level 3 | Interest Rate Contract | Fair Value, Recurring
Assets:
Asset Derivatives	0	0
Liabilities:
Liability Derivatives	0	0
Level 3 | Foreign Exchange Contract | Fair Value, Recurring
Assets:
Asset Derivatives	0	0
Liabilities:
Liability Derivatives	$ 0	$ 0