Investments in Real Estate Debt - Schedule of Investments in Real Estate Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Fair Value	$ 696,052	$ 87,209
Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	617,318	87,065
Fair Value	$ 619,476	$ 87,209
Percentage Based on Fair Value	1	1
BBB | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 12,017	$ 5,514
Fair Value	$ 12,032	$ 5,530
Percentage Based on Fair Value	0.02	0.06
BBB- | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 84,391	$ 5,367
Fair Value	$ 84,886	$ 5,384
Percentage Based on Fair Value	0.14	0.06
BB+ | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 6,629	$ 0
Fair Value	$ 6,656	$ 0
Percentage Based on Fair Value	0.01	0
BB | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 17,348	$ 2,323
Fair Value	$ 17,548	$ 2,352
Percentage Based on Fair Value	0.03	0.03
BB- | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 115,158	$ 0
Fair Value	$ 115,528	$ 0
Percentage Based on Fair Value	0.19	0
B- | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 40,102	$ 0
Fair Value	$ 40,502	$ 0
Percentage Based on Fair Value	0.07	0
Private Commercial Real Estate Loan (Unrated) | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 113,939	$ 56,235
Fair Value	$ 113,939	$ 56,235
Percentage Based on Fair Value	0.18	0.65
Aaa | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 25,695	$ 5,176
Fair Value	$ 25,675	$ 5,189
Percentage Based on Fair Value	0.04	0.06
Aa3 | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 6,072	$ 0
Fair Value	$ 6,091	$ 0
Percentage Based on Fair Value	0.01	0
AA- | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 21,437	$ 0
Fair Value	$ 21,441	$ 0
Percentage Based on Fair Value	0.03	0
A- | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 91,631	$ 0
Fair Value	$ 91,848	$ 0
Percentage Based on Fair Value	0.15	0
A3 | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 8,189	$ 7,009
Fair Value	$ 8,262	$ 7,026
Percentage Based on Fair Value	0.01	0.08
Baa3 | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 3,007	$ 3,008
Fair Value	$ 3,037	$ 3,014
Percentage Based on Fair Value	0	0.03
Ba2 | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 31,646	$ 0
Fair Value	$ 31,674	$ 0
Percentage Based on Fair Value	0.05	0
Ba3 | Fair Value, Recurring
Debt Instrument [Line Items]
Cost Basis	$ 40,057	$ 2,433
Fair Value	$ 40,357	$ 2,479
Percentage Based on Fair Value	0.07	0.03
CMBS
Debt Instrument [Line Items]
Cost Basis	$ 503,379	$ 30,830	$ 23,839
Fair Value	505,537	$ 30,974	$ 23,816
CMBS | Build To Suit Properties
Debt Instrument [Line Items]
Fair Value	$ 27,635
Fair Value, Recurring
Debt Instrument [Line Items]
Weighted average coupon	9.00%	10.00%
Face Amount	$ 617,369	$ 87,230
Cost Basis	617,318	87,065
Fair Value	$ 619,476	$ 87,209
Fair Value, Recurring | CMBS
Debt Instrument [Line Items]
Weighted average coupon	4.00%	3.00%
Face Amount	$ 503,280	$ 30,995
Cost Basis	503,379	30,830
Fair Value	$ 505,537	$ 30,974
Fair Value, Recurring | Commercial Real Estate Loan
Debt Instrument [Line Items]
Weighted average coupon	12.00%	14.00%
Face Amount	$ 114,089	$ 56,235
Cost Basis	113,939	56,235
Fair Value	$ 113,939	$ 56,235