v3.26.1
Summary of Significant Accounting Policies - Schedule of Company's Assets and Liabilities Measured at Fair Value on Recurring Basis Using Level 3 (Details) - Recurring Basis - Level 3 - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Mandatorily Redeemable Instruments    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Beginning balance $ 105,325 $ 101,753
Repurchases (53,321)  
Distributions declared 3,772 4,299
Reclassify to distributions payable/paid (3,772) (4,299)
Redemption value adjustment 2,790 3,572
Ending balance 54,794 105,325
Investment in Real Estate Debt (Asset)    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Beginning balance 79,310 16,825
Additions 162,200 62,400
Repurchases (16,825)  
Fair value adjustments (85) 85
Ending balance $ 224,600 $ 79,310