Investments in Real Estate Debt - Schedule of Investments in Real Estate Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Fair Value	$ 1,831,813	$ 2,101,147
CMBS
Debt Instrument [Line Items]
Cost Basis	1,170,152	849,316
Fair Value	$ 1,173,623	$ 853,531
Fair Value, Recurring
Debt Instrument [Line Items]
Weighted average coupon	8.00%	8.00%
Face Amount	$ 1,534,091	$ 1,699,277
Cost Basis	1,534,503	1,694,047
Fair Value	$ 1,540,287	$ 1,705,886
Percentage Based on Fair Value	100.00%	100.00%
Fair Value, Recurring | Unrated
Debt Instrument [Line Items]
Cost Basis	$ 367,799	$ 848,178
Fair Value	$ 370,145	$ 855,802
Percentage Based on Fair Value	24.00%	50.00%
Fair Value, Recurring | Aaa
Debt Instrument [Line Items]
Cost Basis	$ 19,995	$ 19,999
Fair Value	$ 20,020	$ 20,024
Percentage Based on Fair Value	1.00%	1.00%
Fair Value, Recurring | A2
Debt Instrument [Line Items]
Cost Basis	$ 9,851	$ 9,853
Fair Value	$ 9,914	$ 9,906
Percentage Based on Fair Value	1.00%	1.00%
Fair Value, Recurring | A3
Debt Instrument [Line Items]
Cost Basis	$ 26,484	$ 6,363
Fair Value	$ 26,688	$ 6,381
Percentage Based on Fair Value	2.00%	0.00%
Fair Value, Recurring | Baa1
Debt Instrument [Line Items]
Cost Basis	$ 19,131	$ 5,169
Fair Value	$ 19,172	$ 5,174
Percentage Based on Fair Value	1.00%	0.00%
Fair Value, Recurring | Baa2
Debt Instrument [Line Items]
Cost Basis	$ 70,156	$ 0
Fair Value	$ 70,381	$ 0
Percentage Based on Fair Value	5.00%	0.00%
Fair Value, Recurring | Baa3
Debt Instrument [Line Items]
Cost Basis	$ 131,508	$ 51,591
Fair Value	$ 131,699	$ 51,637
Percentage Based on Fair Value	9.00%	3.00%
Fair Value, Recurring | Ba1
Debt Instrument [Line Items]
Cost Basis	$ 37,237	$ 1,856
Fair Value	$ 37,217	$ 1,867
Percentage Based on Fair Value	2.00%	0.00%
Fair Value, Recurring | Ba2
Debt Instrument [Line Items]
Cost Basis	$ 267,053	$ 270,013
Fair Value	$ 266,522	$ 271,579
Percentage Based on Fair Value	17.00%	16.00%
Fair Value, Recurring | Ba3
Debt Instrument [Line Items]
Cost Basis	$ 258,054	$ 197,084
Fair Value	$ 257,444	$ 196,270
Percentage Based on Fair Value	17.00%	12.00%
Fair Value, Recurring | B1
Debt Instrument [Line Items]
Cost Basis	$ 45,131	$ 49,838
Fair Value	$ 45,736	$ 51,039
Percentage Based on Fair Value	3.00%	3.00%
Fair Value, Recurring | B2
Debt Instrument [Line Items]
Cost Basis	$ 133,831	$ 81,050
Fair Value	$ 134,211	$ 81,090
Percentage Based on Fair Value	9.00%	5.00%
Fair Value, Recurring | B3
Debt Instrument [Line Items]
Cost Basis	$ 148,273	$ 153,053
Fair Value	$ 151,138	$ 155,117
Percentage Based on Fair Value	9.00%	9.00%
Fair Value, Recurring | CMBS
Debt Instrument [Line Items]
Weighted average coupon	4.00%	4.00%
Face Amount	$ 1,169,756	$ 850,286
Cost Basis	1,170,152	849,316
Fair Value	$ 1,173,623	$ 853,531
Fair Value, Recurring | Commercial Real Estate Loans
Debt Instrument [Line Items]
Weighted average coupon	9.00%	9.00%
Face Amount	$ 364,335	$ 848,991
Cost Basis	364,351	844,731
Fair Value	$ 366,664	$ 852,355