v3.26.1
Related Party Transactions and Arrangements - Schedule of Costs Incurred From Arrangements with Advisor and Affiliates (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Related Party Transaction [Line Items]      
Acquisition expenses $ 171 $ 299  
Administrative services expenses 2,334 3,348  
Asset management and subordinated performance fee 6,054 6,555  
Other related party expenses 11,205 9,936  
Related Party      
Related Party Transaction [Line Items]      
Acquisition expenses 171 299  
Administrative services expenses 2,334 3,348  
Asset management and subordinated performance fee 6,054 6,555  
Other related party expenses 895 494  
Referral Fee Income 200 0  
Related Party | Acquisition expenses      
Related Party Transaction [Line Items]      
Payables due to affiliate 0   $ 0
Related Party | Administrative services expenses      
Related Party Transaction [Line Items]      
Payables due to affiliate (2,334)   (3,556)
Related Party | Asset management and subordinated performance fee      
Related Party Transaction [Line Items]      
Payables due to affiliate (6,054)   (6,594)
Related Party | Other related party expenses      
Related Party Transaction [Line Items]      
Payables due to affiliate (2,311)   (2,275)
Related Party | Referral Fee Income      
Related Party Transaction [Line Items]      
Payables due to affiliate (200)   (371)
Related Party | Acquisition fees and expenses, including amount capitalized      
Related Party Transaction [Line Items]      
Acquisition expenses 1,900 1,600  
Related Party | Acquisition fees and expenses, amount capitalized | Commercial Mortgage Loans, Held for Investment and Real Estate Securities, Available for Sale      
Related Party Transaction [Line Items]      
Acquisition expenses 1,700 $ 1,300  
Related Party | Third Party Vendor Agreement      
Related Party Transaction [Line Items]      
Payables due to affiliate (1,200)   (1,800)
Fees per the fee arrangement $ 900   $ 200