Consolidated Real Estate Investments - Schedule of Components of Investments in Real Estate Properties (Details) - USD ($)
$ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
$ 417,192
|
$ 415,625
|
| Accumulated depreciation and amortization |
(45,323)
|
(31,371)
|
| Net operating real estate investments |
371,869
|
384,254
|
| Accumulated depreciation and amortization |
|
(388)
|
| Total Held for Sale Properties |
|
29,890
|
| White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
13,820
|
13,716
|
| 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
3,445
|
4,019
|
| Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
236,235
|
236,018
|
| NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
26,500
|
26,500
|
| Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
30,615
|
30,318
|
| St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
46,746
|
45,796
|
| Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
28,106
|
27,636
|
| Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
31,191
|
30,911
|
| HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
534
|
711
|
| Plano Homewood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
8,266
|
| Las Colinas HomeWood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
13,762
|
| Addison Property |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
8,250
|
| Land |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
61,997
|
62,227
|
| Accumulated depreciation and amortization |
0
|
0
|
| Net operating real estate investments |
61,997
|
62,227
|
| Accumulated depreciation and amortization |
|
0
|
| Total Held for Sale Properties |
|
6,749
|
| Land | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,315
|
1,315
|
| Land | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
851
|
1,081
|
| Land | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
18,812
|
18,812
|
| Land | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
26,500
|
26,500
|
| Land | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
4,116
|
4,116
|
| Land | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
5,829
|
5,829
|
| Land | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
3,737
|
3,737
|
| Land | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
837
|
837
|
| Land | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Land | Plano Homewood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
2,106
|
| Land | Las Colinas HomeWood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
2,292
|
| Land | Addison Property |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
2,351
|
| Buildings and Improvements |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
317,395
|
312,200
|
| Accumulated depreciation and amortization |
(37,837)
|
(25,230)
|
| Net operating real estate investments |
279,558
|
286,970
|
| Accumulated depreciation and amortization |
|
(218)
|
| Total Held for Sale Properties |
|
19,906
|
| Buildings and Improvements | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
10,672
|
10,568
|
| Buildings and Improvements | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
2,594
|
2,938
|
| Buildings and Improvements | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
195,416
|
195,408
|
| Buildings and Improvements | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Buildings and Improvements | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
24,838
|
24,631
|
| Buildings and Improvements | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
37,879
|
33,715
|
| Buildings and Improvements | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
20,327
|
19,876
|
| Buildings and Improvements | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
25,669
|
25,064
|
| Buildings and Improvements | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Buildings and Improvements | Plano Homewood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
5,394
|
| Buildings and Improvements | Las Colinas HomeWood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
10,153
|
| Buildings and Improvements | Addison Property |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
4,577
|
| Intangible Lease Assets |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
10,979
|
10,979
|
| Accumulated depreciation and amortization |
(9,215)
|
(8,353)
|
| Net operating real estate investments |
1,764
|
2,626
|
| Accumulated depreciation and amortization |
|
0
|
| Total Held for Sale Properties |
|
0
|
| Intangible Lease Assets | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,921
|
1,921
|
| Intangible Lease Assets | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
9,058
|
9,058
|
| Intangible Lease Assets | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Plano Homewood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Intangible Lease Assets | Las Colinas HomeWood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Intangible Lease Assets | Addison Property |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Intangible Lease Liabilities |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
(6,770)
|
(6,770)
|
| Accumulated depreciation and amortization |
4,705
|
3,631
|
| Total Operating Properties |
(2,065)
|
(3,139)
|
| Accumulated depreciation and amortization |
|
0
|
| Total Held for Sale Properties |
|
0
|
| Intangible Lease Liabilities | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
(101)
|
(101)
|
| Intangible Lease Liabilities | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
(6,669)
|
(6,669)
|
| Intangible Lease Liabilities | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Plano Homewood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Intangible Lease Liabilities | Las Colinas HomeWood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Intangible Lease Liabilities | Addison Property |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Right of use assets |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,998
|
2,176
|
| Accumulated depreciation and amortization |
(68)
|
(29)
|
| Net operating real estate investments |
1,930
|
2,147
|
| Accumulated depreciation and amortization |
|
0
|
| Total Held for Sale Properties |
|
0
|
| Right of use assets | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,464
|
1,465
|
| Right of use assets | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
534
|
711
|
| Right of use assets | Plano Homewood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Right of use assets | Las Colinas HomeWood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Right of use assets | Addison Property |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
0
|
| Construction in Progress |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
21,237
|
24,689
|
| Accumulated depreciation and amortization |
0
|
0
|
| Net operating real estate investments |
21,237
|
24,689
|
| Accumulated depreciation and amortization |
|
0
|
| Total Held for Sale Properties |
|
859
|
| Construction in Progress | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Construction in Progress | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Construction in Progress | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
19,239
|
19,053
|
| Construction in Progress | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Construction in Progress | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
74
|
96
|
| Construction in Progress | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
731
|
3,951
|
| Construction in Progress | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
876
|
877
|
| Construction in Progress | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
317
|
712
|
| Construction in Progress | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Construction in Progress | Plano Homewood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
28
|
| Construction in Progress | Las Colinas HomeWood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
313
|
| Construction in Progress | Addison Property |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
518
|
| Furniture, Fixtures, and Equipment |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
10,356
|
10,124
|
| Accumulated depreciation and amortization |
(2,908)
|
(1,390)
|
| Net operating real estate investments |
7,448
|
8,734
|
| Accumulated depreciation and amortization |
|
(170)
|
| Total Held for Sale Properties |
|
2,376
|
| Furniture, Fixtures, and Equipment | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
13
|
13
|
| Furniture, Fixtures, and Equipment | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Furniture, Fixtures, and Equipment | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
379
|
356
|
| Furniture, Fixtures, and Equipment | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Furniture, Fixtures, and Equipment | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,587
|
1,475
|
| Furniture, Fixtures, and Equipment | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
2,307
|
2,301
|
| Furniture, Fixtures, and Equipment | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
3,166
|
3,146
|
| Furniture, Fixtures, and Equipment | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
2,904
|
2,833
|
| Furniture, Fixtures, and Equipment | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
$ 0
|
0
|
| Furniture, Fixtures, and Equipment | Plano Homewood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
738
|
| Furniture, Fixtures, and Equipment | Las Colinas HomeWood Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
1,004
|
| Furniture, Fixtures, and Equipment | Addison Property |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Total Held for Sale Properties |
|
$ 804
|