Investments in Real Estate Debt - Summary of Company Investments In Real Estate Debt (Details) $ in Thousands |
6 Months Ended | 12 Months Ended |
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Jun. 30, 2025
USD ($)
Company
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Dec. 31, 2024
USD ($)
Company
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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 |
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- Definition Number Of Investment Positions No definition available.
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Indicates type of variable interest rate on debt instrument. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Maturity date of investment, in YYYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Cost of the investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Fair value of investment in security owned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of principal of investment owned. 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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