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Investments in Real Estate Debt - Summary of Company’s Investments in Real Estate Debt (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Fair Value $ 186,772 $ 87,209
Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis 158,519 87,065
Fair Value $ 159,007 $ 87,209
Percentage Based on Fair Value 1 1
Fair Value, Recurring    
Debt Instrument [Line Items]    
Weighted average coupon 10.00% 10.00%
Face Amount $ 159,123 $ 87,230
Cost Basis 158,519 87,065
Fair Value 159,007 87,209
BBB | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis 17,428 5,514
Fair Value $ 17,438 $ 5,530
Percentage Based on Fair Value 0.11 0.06
BBB- | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 40,321 $ 5,367
Fair Value $ 40,514 $ 5,384
Percentage Based on Fair Value 0.25 0.06
BB+ | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 7,010 $ 0
Fair Value $ 7,010 $ 0
Percentage Based on Fair Value 0.04 0
BB | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 2,322 $ 2,323
Fair Value $ 2,459 $ 2,352
Percentage Based on Fair Value 0.02 0.03
BB- | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 16,950 $ 0
Fair Value $ 16,941 $ 0
Percentage Based on Fair Value 0.11 0
NR | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 6,994 $ 0
Fair Value $ 6,951 $ 0
Percentage Based on Fair Value 0.04 0
Private commercial real estate loan (Not rated) | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 34,696 $ 56,235
Fair Value $ 34,696 $ 56,235
Percentage Based on Fair Value 0.22 0.65
AAA | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 0 $ 5,176
Fair Value $ 0 $ 5,189
Percentage Based on Fair Value 0 0.06
A- | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 11,810 $ 0
Fair Value $ 11,920 $ 0
Percentage Based on Fair Value 0.08 0
A3 | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 7,006 $ 7,009
Fair Value $ 7,060 $ 7,026
Percentage Based on Fair Value 0.04 0.08
Baa3 | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 3,007 $ 3,008
Fair Value $ 3,029 $ 3,014
Percentage Based on Fair Value 0.02 0.03
Ba3 | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 0 $ 2,433
Fair Value $ 0 $ 2,479
Percentage Based on Fair Value 0 0.03
Ba2 | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 10,975 $ 0
Fair Value $ 10,989 $ 0
Percentage Based on Fair Value 0.07 0
CMBS    
Debt Instrument [Line Items]    
Cost Basis $ 123,823 $ 30,830
Fair Value $ 124,311 $ 30,974
CMBS | Fair Value, Recurring    
Debt Instrument [Line Items]    
Weighted average coupon 4.00% 4.00%
Face Amount $ 124,427 $ 30,995
Cost Basis 123,823 30,830
Fair Value $ 124,311 $ 30,974
Commercial Real Estate Loan | Fair Value, Recurring    
Debt Instrument [Line Items]    
Weighted average coupon 14.00% 14.00%
Face Amount $ 34,696 $ 56,235
Cost Basis 34,696 56,235
Fair Value $ 34,696 $ 56,235