Summary of Significant Accounting Policies - Schedule of Company's Assets and Liabilities Measured at Fair Value on Recurring Basis Using Level 3 (Details) - Recurring Basis - Level 3 $ in Thousands |
6 Months Ended |
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Jun. 30, 2025
USD ($)
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Mandatorily Redeemable Instruments | |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Balance at December 31, 2024 | $ 105,325 |
Distributions declared | 2,149 |
Reclassify to distributions payable/paid | (2,149) |
Redemption value adjustment | 588 |
Balance at June 30, 2025 | 105,913 |
Investments in Real Estate Debt (asset) | |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Balance at December 31, 2024 | 79,310 |
Additions | 55,700 |
Fair value adjustment | (45) |
Balance at June 30, 2025 | $ 134,965 |
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- Definition Fair value measurement with unobservable input reconciliation recurring basis liability adjustments No definition available.
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- Definition Fair value measurement with unobservable input reconciliation recurring basis liability reclassify to distributions payable or paid. No definition available.
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- Definition Fair value measurement with unobservable inputs reconciliation recurring basis liability distributions declared. No definition available.
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- Definition Fair value measurement with unobservable inputs reconciliation recurring basis liability unrealized loss included in interest costs. No definition available.
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- Definition Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of sales of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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