Condensed Consolidated Balance Sheets - (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Investments in real estate debt	$ 2,250,418	$ 2,101,147
Class S Common Shares
Par value (in USD per share)	$ 0.01	$ 0.01
Shares issued (in shares)	334,207,885	306,971,144
Shares outstanding (in shares)	334,207,885	306,971,144
Class N Common Shares
Par value (in USD per share)	$ 0.01	$ 0.01
Shares issued (in shares)	53,648,246	47,799,493
Shares outstanding (in shares)	53,648,246	47,799,493
Class D Common Shares
Par value (in USD per share)	$ 0.01	$ 0.01
Shares issued (in shares)	9,831,427	8,920,047
Shares outstanding (in shares)	9,831,427	8,920,047
Class I Common Shares
Par value (in USD per share)	$ 0.01	$ 0.01
Shares issued (in shares)	393,355,320	358,834,111
Shares outstanding (in shares)	393,355,320	358,834,111
Fair Value, Recurring
Investments in real estate debt	$ 1,955,970	$ 1,705,886
Investments in unconsolidated real estate affiliates	$ 4,238,148	$ 3,801,703