v3.26.1
Stockholders' Equity - Additional Information (Details) - USD ($)
3 Months Ended 49 Months Ended
Nov. 04, 2025
Oct. 01, 2025
Apr. 03, 2025
Mar. 13, 2024
Jan. 26, 2024
Nov. 09, 2023
Nov. 02, 2023
Apr. 04, 2023
Feb. 22, 2023
Feb. 21, 2022
Nov. 08, 2021
Feb. 22, 2021
Jul. 24, 2020
Jan. 31, 2020
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Mar. 15, 2022
Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Common stock, par value per share (in dollars per share)                             $ 0.01   $ 0.01 $ 0.01      
Common stock, issued (in shares)                             18,686,983   18,686,983 18,574,101      
Common Shares Outstanding (in shares)                             18,686,983   18,686,983 18,574,101      
Stock issuance agreement, number of shares (in shares)                                         13,758,906
Conversion of redeemable noncontrolling interests in the OP (in shares)                             9,601,008            
Issuance of common stock (in shares)                                 531,728        
Preferred stock, dividend rate, percentage           15.50%                              
Preferred stock, par value per share (in dollars per share)                             $ 0.01   $ 0.01 $ 0.01      
Payments of stock issuance costs                                 $ 888,249        
Stock repurchase program, authorized amount                 $ 20,000,000                        
Stock repurchase program, period in force                 2 years                        
Stock repurchase program, expiration date                 Feb. 22, 2025                        
Stock repurchase program, extended expiration date                 Feb. 24, 2027                        
Dealer Manager | NexPoint Securities                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Proceeds from issuance of redeemable Series B preferred stock, net of offering costs   $ 430,000,000                         $ 395,600,000            
Payment of commissions and dealer manager fees                             $ 31,500,000            
ATM Program                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Equity distribution agreements, maximum aggregate sales price                                       $ 100,000,000  
Series A Preferred Stock                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Issuance of common stock (in shares)                         2,000,000                
Preferred stock, dividend rate, percentage                         8.50%                
Preferred stock, redemption price per share (in dollars per share)                         $ 24                
Proceeds from issuance of redeemable Series B preferred stock, net of offering costs                         $ 48,000,000                
Underwriting discount and commission expenses                         $ 1,200,000                
Preferred stock, liquidation preference per share                         $ 25                
Payments of stock issuance costs                         $ 800,000                
Series B Preferred Stock                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Issuance of common stock (in shares)             16,000,000                            
Preferred stock, dividend rate, percentage                             9.00%            
Preferred stock, redemption price per share (in dollars per share)             $ 25                            
Proceeds from issuance of redeemable Series B preferred stock, net of offering costs                               $ 39,954,000          
Number of additional shares authorized (in shares)   1,200,000                                      
Number of shares authorized (in shares)   17,200,000                                      
Preferred stock, par value per share (in dollars per share)                             $ 0.01   $ 0.01        
Preferred stock, liquidation preference per share                             $ 25   25        
Stock redeemed (in shares)                             45,868            
Series B Preferred Stock | Dealer Manager                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Issuance of common stock (in shares)   17,200,000                         16,186,525            
Series B Preferred Stock | Dealer Manager | NexPoint Securities                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Proceeds from issuance of redeemable Series B preferred stock, net of offering costs                             $ 395,600,000            
Series C Preferred Stock                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Issuance of common stock (in shares) 8,000,000                                        
Preferred stock, dividend rate, percentage                             8.00%            
Preferred stock, redemption price per share (in dollars per share) $ 25                                        
Proceeds from issuance of redeemable Series B preferred stock, net of offering costs                             $ 16,381,000            
Preferred stock, par value per share (in dollars per share)                             $ 0.01   0.01        
Preferred stock, liquidation preference per share                             $ 25   $ 25        
Sale of stock, number of shares issued (in shares)                             8,000,000            
Stock redeemed (in shares)                             0            
Series C Preferred Stock | Dealer Manager                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Issuance of common stock (in shares)                             894,673            
Series C Preferred Stock | Dealer Manager | NexPoint Securities                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Proceeds from issuance of redeemable Series B preferred stock, net of offering costs                             $ 22,100,000            
Payment of commissions and dealer manager fees                             $ 2,000,000            
Sale of stock, number of shares issued (in shares)                             8,000,000            
Restricted Stock Units (RSUs)                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Unrecognized compensation expense                             $ 9,300,000   $ 9,300,000        
Weighted average vesting period                             1 year 2 months 12 days            
Granted (in shares)                             0            
Share-based compensation arrangement by share-based payment award, equity instruments other than options, nonvested, number                             865,226   865,226 1,025,606      
Common Stock                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Vesting of stock-based compensation (in shares)                             112,882 182,397          
Common Shares Outstanding (in shares)                             18,686,983 17,643,526 18,686,983 18,574,101 17,461,129    
2020 LTIP                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Share-based compensation arrangement by share-based payment award, shares issued in period (in shares)         2,308,000                 1,319,734              
2020 LTIP | Restricted Stock Units (RSUs)                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Award vesting period                             4 years            
2020 LTIP | Restricted Stock Units (RSUs) | Minimum                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Award vesting period                             3 years            
2020 LTIP | Restricted Stock Units (RSUs) | Maximum                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Award vesting period                             5 years            
2020 LTIP | Restricted Stock Units (RSUs) | Officers and Other Employees                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Granted (in shares)     449,664 442,666       418,685   264,476   220,352                  
2020 LTIP | Restricted Stock Units (RSUs) | Director                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Granted (in shares)     33,108 22,650       21,370   12,464   11,832                  
2020 LTIP | Restricted Stock Units (RSUs) | General Partner of Subsidiary                                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                          
Granted (in shares)                     1,201