v3.25.2
Investments in Real Estate Debt - Summary of Investments in Real Estate Debt (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
Position
Dec. 31, 2023
USD ($)
Position
Schedule Of Trading Securities And Other Trading Assets [Line Items]    
Number of Positions | Position 1 8
Weighted Average Coupon [1] B + 4.75% B + 4.92%
Weighted Average Maturity Date 2027-06 2028-03 [2]
Cost Basis $ 956,877 $ 1,657,714
Investments in real estate debt $ 852,461 $ 1,589,350
CMBS - Floating    
Schedule Of Trading Securities And Other Trading Assets [Line Items]    
Number of Positions | Position   6
Weighted Average Coupon [1]   B + 4.69%
Weighted Average Maturity Date [2]   2036-10
Cost Basis   $ 206,252
Investments in real estate debt   $ 201,070
Term Loan    
Schedule Of Trading Securities And Other Trading Assets [Line Items]    
Number of Positions | Position 1 2
Weighted Average Coupon [1] B + 4.75% B + 4.95%
Weighted Average Maturity Date 2027-06 2027-01 [2]
Cost Basis $ 956,877 $ 1,451,462
Investments in real estate debt $ 852,461 $ 1,388,280
[1] The symbol “B” refers to the relevant benchmark rates, which includes one-month Secured Overnight Financing Rate (“SOFR”), three-month Bank Bill Swap Bid Rate (“BBSY”) and Sterling Overnight Index Average (“SONIA”) as applicable to each security and loan.
[2] Weighted average maturity date is based on the fully extended maturity date of the underlying collateral.