v3.26.1
Derivatives - Summary of Effect of Derivate Financial Instruments on Condensed Consolidated Statements of Operations and Comprehensive Loss (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivative [Line Items]    
Net Unrealized (Loss) Gain Recognized in Net Income (Loss) [1] $ 12,537 $ (21,079)
Net Realized Gain (Loss) Recognized in Net Income (Loss) [2] (3,863) 837
Gain (Loss) Recognized in Net Income (Loss) 4,292 (88,507)
Interest Rate Cap | Other (Expense) Income    
Derivative [Line Items]    
Net Unrealized (Loss) Gain Recognized in Net Income (Loss) [2] 26,442 (68,049)
Net Realized Gain (Loss) Recognized in Net Income (Loss) [2] (32,997) 608
Interest Rate Swap | Other (Expense) Income    
Derivative [Line Items]    
Net Unrealized (Loss) Gain Recognized in Net Income (Loss) [2] $ 2,173 $ (824)
[1] A portion of this amount is included within Income from investments in real estate debt, net and the remaining amount is included within Other income (expense), net in the Company’s Condensed Consolidated Statements of Operations and Comprehensive Loss.
[2] Included in Other income (expense), net in the Company’s Condensed Consolidated Statements of Operations and Comprehensive Loss.