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Investments in Real Estate Debt - Narrative (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
property
investment
Dec. 31, 2024
USD ($)
investment
Dec. 31, 2023
USD ($)
Debt Instrument [Line Items]      
Number of properties in service | property 7    
Number of properties contributed | property 2    
Contribution of property, value $ 6,623    
Number of investments in loans receivable related to build to suit arrangements | investment 13 22  
Investments in real estate debt $ 2,101,147 $ 696,052  
CMBS      
Debt Instrument [Line Items]      
Investments in real estate debt 853,531 505,537 $ 30,974
Build To Suit Properties | CMBS      
Debt Instrument [Line Items]      
Purchase price   28,827  
Investments in real estate debt $ 10,691 $ 27,635