v3.25.2
Segment Reporting - Summary of Total Assets by Segment (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Total assets $ 1,140,622 $ 603,996
Multifamily    
Segment Reporting Information [Line Items]    
Total assets 460,523 174,928
Industrial    
Segment Reporting Information [Line Items]    
Total assets 345,763 120,741
Single-family rental    
Segment Reporting Information [Line Items]    
Total assets 44,555 45,005
Retail    
Segment Reporting Information [Line Items]    
Total assets 49,380 51,081
Investments in real estate debt, real estate-related and other securities    
Segment Reporting Information [Line Items]    
Total assets 174,548 91,859
Other (corporate)    
Segment Reporting Information [Line Items]    
Total assets $ 65,853 $ 120,382