v3.25.2
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
Jun. 30, 2025
USD ($)
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