v3.26.1
Investment in Real Estate-Related and Other Securities - Summary of Investments in Real Estate-related and Other Securities (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CMBS    
Debt and Equity Securities, FV-NI [Line Items]    
Weighted-Average Coupon 6.70%  
Weighted-Average Maturity Date Sep. 06, 2039  
Face Amount $ 15,000 $ 5,800
Cost Basis 15,107 5,797
Fair Value 15,323 5,829
U.S. Government Securities    
Debt and Equity Securities, FV-NI [Line Items]    
Face Amount [1]   595
Cost Basis [1]   582
Fair Value [1]   588
Investments in Real Estate-related and Other Securities    
Debt and Equity Securities, FV-NI [Line Items]    
Face Amount 15,000 6,395
Cost Basis 15,107 6,379
Fair Value $ 15,323 $ 6,417
[1] Includes $0.5 million of securities pledged as collateral related to the Treasury note futures contracts as of December 31, 2024.