Summary of Significant Accounting Policies - Schedule of Quantitative Inputs and Assumptions Used for Items Categorized in Level 3 of Fair Value Hierarchy (Details) $ in Thousands	Jun. 30, 2026 USD ($)	Dec. 31, 2025 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in real estate debt, at fair value	$ 3,828,678	$ 4,133,770
Investments in unconsolidated entities	3,744,156	3,843,300
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in real estate debt, at fair value	647,432	754,693
Investments in unconsolidated entities	3,744,156	3,843,300
Level 3 \| Yield method \| Market yield \| Investments in Real Estate Debt, at Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in real estate debt, at fair value	$ 647,432	$ 754,693
Investments in real estate loans unobservable inputs	0.088	0.090
Level 3 \| Discounted Cash Flow \| Investments in Unconsolidated Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in unconsolidated entities	$ 3,744,156	$ 3,843,300
Level 3 \| Discounted Cash Flow \| Weighted average cost of capital \| Investments in Unconsolidated Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in unconsolidated entities unobservable inputs	0.087	0.090
Level 3 \| Discounted Cash Flow \| Exit capitalization rate \| Investments in Unconsolidated Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in unconsolidated entities unobservable inputs	0.055	0.055