Condensed Consolidated Balance Sheets - (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Investments in real estate debt	$ 1,831,813	$ 2,101,147
Class S Common Shares
Par value (in USD per share)	$ 0.01	$ 0.01
Shares issued (in shares)	351,949,979	306,971,144
Shares outstanding (in shares)	351,949,979	306,971,144
Class N Common Shares
Par value (in USD per share)	$ 0.01	$ 0.01
Shares issued (in shares)	56,234,893	47,799,493
Shares outstanding (in shares)	56,234,893	47,799,493
Class D Common Shares
Par value (in USD per share)	$ 0.01	$ 0.01
Shares issued (in shares)	11,518,112	8,920,047
Shares outstanding (in shares)	11,518,112	8,920,047
Class I Common Shares
Par value (in USD per share)	$ 0.01	$ 0.01
Shares issued (in shares)	419,530,990	358,834,111
Shares outstanding (in shares)	419,530,990	358,834,111
Fair Value, Recurring
Investments in real estate debt	$ 1,540,287	$ 1,705,886
Investments in unconsolidated real estate affiliates	$ 4,401,457	$ 3,801,703