v3.26.1
Related Party Transactions - Additional Information 2 (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 49 Months Ended
Feb. 09, 2026
Nov. 04, 2025
Oct. 01, 2025
Sep. 24, 2025
Aug. 24, 2025
Jul. 31, 2025
Apr. 29, 2025
Mar. 12, 2025
Jul. 10, 2024
Apr. 29, 2024
Mar. 28, 2024
Nov. 02, 2023
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2026
Aug. 25, 2025
Related Party Transaction [Line Items]                                  
Preferred equity method investments                         $ 11,400     $ 11,400  
Issuance of common stock (in shares)                               531,728  
SFR OP Note                                  
Related Party Transaction [Line Items]                                  
Outstanding face amount                 $ 5,000   $ 500            
Interest rate, stated percentage                 15.00%   12.50%            
Repayments of debt               $ 500                  
Maturity date                 Jul. 10, 2025   Mar. 31, 2025            
Proceeds from debt                             $ 3,500    
Repayments of long-term debt             $ 1,900                    
Line of credit facility, maximum borrowing capacity                         15,000     $ 15,000 $ 15,000
The NexBank Loan                                  
Related Party Transaction [Line Items]                                  
Maturity date Apr. 27, 2027                 Apr. 28, 2025              
Proceeds from debt       $ 2,500 $ 5,000 $ 3,400       $ 10,000     10,000        
Line Of Credit, Maximum Commitment, Unfunded Amount                         2,500     $ 2,500  
Dealer Manager | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Proceeds from the issuance of preferred stock through public offering, net of offering costs     $ 430,000                   395,600        
Redeemable Preferred Stock                                  
Related Party Transaction [Line Items]                                  
Stock redeemed during the period                         $ 54,000        
Series B Preferred Stock                                  
Related Party Transaction [Line Items]                                  
Issuance of common stock (in shares)                       16,000,000          
Proceeds from the issuance of preferred stock through public offering, net of offering costs                           $ 39,954      
Stock redeemed (in shares)                         45,868        
Series B Preferred Stock | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Dealer manager fee (as a percent)                       3.00%          
Selling commissions (as a percent)                       7.00%          
Series B Preferred Stock | Dealer Manager                                  
Related Party Transaction [Line Items]                                  
Issuance of common stock (in shares)     17,200,000                   16,186,525        
Series B Preferred Stock | Dealer Manager | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Proceeds from the issuance of preferred stock through public offering, net of offering costs                         $ 395,600        
Payment to dealer manager                         19,400        
Payment of selling commission                         $ 9,500        
Series C Preferred Stock                                  
Related Party Transaction [Line Items]                                  
Sale of stock, number of shares issued (in shares)                         8,000,000        
Issuance of common stock (in shares)   8,000,000                              
Proceeds from the issuance of preferred stock through public offering, net of offering costs                         $ 16,381        
Stock redeemed (in shares)                         0        
Series C Preferred Stock | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Dealer manager fee (as a percent)   3.00%                              
Selling commissions (as a percent)   7.00%                              
Series C Preferred Stock | Dealer Manager                                  
Related Party Transaction [Line Items]                                  
Issuance of common stock (in shares)                         894,673        
Series C Preferred Stock | Dealer Manager | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Sale of stock, number of shares issued (in shares)                         8,000,000        
Proceeds from the issuance of preferred stock through public offering, net of offering costs                         $ 22,100        
Payment to dealer manager                         1,300        
Series C Preferred Stock | Dealer Manager | NexPoint Securities | Maximum                                  
Related Party Transaction [Line Items]                                  
Payment of selling commission                         $ 500