v3.25.4
Secured Debt Arrangements - Additional Information (Details)
 12 Months Ended
Dec. 31, 2025
USD ($)
Assets Sold under Agreements to Repurchase [Line Items]  
Debt instrument, covenant description (i) while tangible net worth is equal to or less than $450.0 million, the Operating Partnership's NAV is not permitted to decline by 20% from the preceding quarter or 40% from the corresponding calendar month of the preceding calendar year; (ii) NAV cannot decline by 50% or more from the Operating Partnership's NAV as of October 26, 2023; (iii) the Company's ratio of total indebtedness to tangible net worth cannot be greater than 3.00:1; and (iv) the Company's liquidity cannot be less than an amount equal to the greater of 5% of total recourse indebtedness or $30.0 million.
Debt instrument, covenants, net tangible amount $ 450,000,000
Debt instrument, covenants percentage of NAV decline from preceding quarter 20.00%
Debt instrument, covenants percentage of NAV decline from preceding year 40.00%
Debt instrument, covenants percentage of NAV decline 50.00%
Debt instrument, total indebtedness to tangible net worth 3
Debt instrument covenant liquidity ratio required minimum 5.00%
Debt instrument covenant liquidity required minimum amount $ 30,000,000
J P Morgan Repurchase Agreement  
Assets Sold under Agreements to Repurchase [Line Items]  
Repurchase agreement term 3 years
Repurchase agreement term extension options two one-year extension options
J P Morgan Repurchase Agreement | Minimum  
Assets Sold under Agreements to Repurchase [Line Items]  
Aggregate purchase price under repurchase agreement $ 250,000,000
J P Morgan Repurchase Agreement | Maximum  
Assets Sold under Agreements to Repurchase [Line Items]  
Aggregate purchase price under repurchase agreement $ 400,000,000
Barclays Repurchase Facility  
Assets Sold under Agreements to Repurchase [Line Items]  
Repurchase agreement term 3 years
Repurchase agreement term extension options two one-year extension options