Real Estate Owned - Schedule of Real Estate Owned Assets and Liabilities (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
|
| Asset Acquisition [Line Items] | |||||
| Interest expense | $ 45,524 | $ 50,588 | $ 88,667 | $ 105,969 | |
| Office Property | |||||
| Asset Acquisition [Line Items] | |||||
| Cash | 16,894 | $ 13,195 | |||
| Real estate owned - Building and building improvements | 168,240 | 174,427 | |||
| Real estate owned - Land and land improvements | 54,845 | 80,328 | |||
| Real estate owned - Tenant improvements | 8,890 | 8,678 | |||
| Real estate owned | 231,975 | 263,433 | |||
| Accumulated depreciation | (8,740) | (7,029) | |||
| Real estate owned, net | 223,235 | 256,404 | |||
| In-place lease intangibles, net | 12,275 | 17,004 | |||
| Above-market lease intangibles, net | 1,896 | 2,945 | |||
| Leasing commissions, net | 1,884 | 1,935 | |||
| Other assets, net | 8,397 | 9,481 | |||
| Total assets | 264,581 | 300,964 | |||
| Mortgage loan payable, net | 30,766 | 30,695 | |||
| Below-market lease intangibles, net | 2,141 | 2,495 | |||
| Other liabilities | 5,765 | 7,377 | |||
| Total liabilities | 38,672 | 40,567 | |||
| Cash escrowed | 2,500 | 2,500 | $ 3,800 | ||
| Interest expense | $ 600 | $ 600 | $ 1,300 | $ 1,300 | |