v3.25.2
Credit Facilities - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
derivative
Apr. 30, 2025
USD ($)
derivative
Mar. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2025
Jun. 30, 2025
derivative
Jun. 30, 2025
instrument
Dec. 31, 2024
USD ($)
instrument
Dec. 22, 2023
USD ($)
Dec. 31, 2022
Line of Credit Facility [Line Items]                    
Total real estate investments, at cost $ 2,236,340     $ 2,236,340       $ 2,494,797    
Collateral Pledged                    
Line of Credit Facility [Line Items]                    
Total real estate investments, at cost 623,500     623,500            
Interest rate caps | Derivatives not designated as hedging instruments:                    
Line of Credit Facility [Line Items]                    
Number of instruments           9 9 8    
Notional amount $ 481,293     $ 481,293       $ 369,218    
Interest rate cap         3.50%         3.50%
Number of instruments terminated | derivative   2                
Derivatives terminated in period   $ 21,700                
Interest Rate Cap Maturing November 2026 | Derivatives not designated as hedging instruments:                    
Line of Credit Facility [Line Items]                    
Number of instruments purchased | derivative 3                  
Notional value of derivatives purchased in period $ 133,800                  
Payments for derivatives 1,100                  
Derivative, basis spread         3.50%          
Fannie Mae Master Credit Facilities | Capital One Facility                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate       2.41%            
Fannie Mae Master Credit Facilities | KeyBank Facility                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate       2.46%            
Unencumbered Properties                    
Line of Credit Facility [Line Items]                    
Total real estate investments, at cost $ 431,600     $ 431,600            
Credit Facilities | Fannie Mae Master Credit Facilities                    
Line of Credit Facility [Line Items]                    
Payments for escrow deposit     $ 12,100              
Debt service coverage ratio       1.40            
Credit Facilities | OMF Warehouse Facility                    
Line of Credit Facility [Line Items]                    
Maximum borrowing capacity                 $ 50,000