v3.26.1
Real Estate Securities - Schedule of Amortized Cost and Fair Value of CLO Bonds (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Debt Securities, Available-for-sale [Line Items]    
Fair Value [1] $ 178,712 $ 151,662
CMBS Bonds    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 179,768 151,946
Unrealized Gain 0 76
Unrealized (Loss) (1,056) (360)
Fair Value $ 178,712 $ 151,662
[1] Includes pledged assets of $178.7 million and $151.7 million as of March 31, 2026 and December 31, 2025, respectively.