v3.25.2
Related Party Transactions - Additional Information (Details)
3 Months Ended 6 Months Ended
Aug. 16, 2023
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Subsidiary
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Related Party Transaction [Line Items]            
Prepaid and other assets   $ 6,004,000   $ 6,004,000   $ 6,102,000
NexPoint Real Estate Advisors, L.P            
Related Party Transaction [Line Items]            
Percentage of annual advisory, paid monthly       1.00%    
Percentage of annual administrative fee, paid monthly       0.20%    
Advisory and administrative fees on contributed assets       $ 5,400,000    
Advisory and administrative fees percentage       1.20%    
Advisory and administrative fees   1,700,000 $ 1,700,000 $ 3,400,000 $ 3,500,000  
Advisory and administrative fees waived   5,300,000 5,200,000 10,600,000 10,700,000  
NexPoint Real Estate Advisors, L.P | Maximum            
Related Party Transaction [Line Items]            
Advisory and administrative fees on contributed assets       $ 5,400,000    
Corporate general and administrative expenses and advisory and administrative fees percentage       1.50%    
NLMF Holdco LLC            
Related Party Transaction [Line Items]            
Property owning subsidiaries | Subsidiary       3    
Equity interest owned       10.00%    
Prepaid and other assets   800,000   $ 800,000   $ 700,000
Net income equity in earnings of affiliate   100,000 100,000 100,000 100,000  
NLMF Leaseco, LLC            
Related Party Transaction [Line Items]            
Expenses incurred for fiber internet service included in property operating expenses   $ 700,000 $ 700,000 $ 1,400,000 1,400,000  
NXRTBH Old Farm, LLC            
Related Party Transaction [Line Items]            
Proceeds from sale of membership interest in subsidiary $ 103,000,000          
Outstanding equity interests 100.00%          
Retained cash balance $ 1,000,000          
Recognized gain of deconsolidation         $ 31,500,000  
NexBank Capital            
Related Party Transaction [Line Items]            
Indirect ownership limited partnership interests in parent of adviser       100.00%    
General partnership interests in parent of adviser       100.00%