Investments in Real Estate Debt - Summary of Company's Investments in Real Estate Debt (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) Positions	Dec. 31, 2024 USD ($) Positions
Real Estate [Line Items]
Number of Position \| Positions	57	52
Weighted Average Coupon	7.30%	8.10%
Weighted Average Maturity Date	2030-06	2029-03
Face Amount	$ 1,207,185	$ 887,277
Cost Basis	1,206,855	887,014
Fair Value	$ 1,206,847	$ 887,186
Commercial Mortgage Loan
Real Estate [Line Items]
Number of Position \| Positions	23	21
Weighted Average Coupon	7.20%	7.90%
Weighted Average Maturity Date	2029-07	2028-05
Face Amount	$ 973,173	$ 701,742
Cost Basis	972,976	701,720
Fair Value	$ 972,826	$ 701,566
Mezzanine Loans
Real Estate [Line Items]
Number of Position \| Positions	2	2
Weighted Average Coupon	10.60%	10.60%
Weighted Average Maturity Date	2028-04	2028-04
Face Amount	$ 112,500	$ 112,500
Cost Basis	112,500	112,500
Fair Value	$ 112,500	$ 112,500
Real Estate-related Securities
Real Estate [Line Items]
Number of Position \| Positions	32	29
Weighted Average Coupon	5.30%	6.00%
Weighted Average Maturity Date	2039-09	2038-04
Face Amount	$ 121,512	$ 73,035
Cost Basis	121,379	72,794
Fair Value	$ 121,521	$ 73,120