v3.25.2
Investments in Real Estate Debt - Summary of Company Investments In Real Estate Debt (Details)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2025
USD ($)
Company
Dec. 31, 2024
USD ($)
Company
Mezzanine Loan    
Debt and Equity Securities, FV-NI [Line Items]    
Number of Positions | Company 1 1
Weighted Average Rate Spread 5.22% 5.22%
Maturity Date Sep. 09, 2025 Sep. 09, 2025
Face Value $ 16,825 $ 16,825
Cost Basis 16,825 16,825
Fair Value $ 16,825 $ 16,825
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] Secured Overnight Financing Rate (SOFR) [Member] Secured Overnight Financing Rate (SOFR) [Member]
Commercial Mortgage Loans    
Debt and Equity Securities, FV-NI [Line Items]    
Number of Positions | Company 2  
Weighted Average Rate Spread 2.67% 2.67%
Maturity Date Jan. 27, 2027 Jan. 27, 2027
Face Value $ 118,100 $ 62,400
Cost Basis 118,100 62,400
Fair Value $ 118,140 $ 62,485
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] Secured Overnight Financing Rate (SOFR) [Member] Secured Overnight Financing Rate (SOFR) [Member]
Investments in Real Estate Debt    
Debt and Equity Securities, FV-NI [Line Items]    
Number of Positions | Company 3  
Face Value $ 134,925 $ 79,225
Cost Basis 134,925 79,225
Fair Value $ 134,965 $ 79,310