75000 - Document - Document and Entity Information
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75010 - Statement - Condensed Consolidated Balance Sheets (Unaudited)
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75020 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
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75030 - Statement - Condensed Consolidated Statements of Operations (Unaudited)
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75040 - Statement - Condensed Consolidated Statements of Changes in Equity (Unaudited)
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75050 - Statement - Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parenthetical)
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75060 - Statement - Condensed Consolidated Statement of Cash Flows (Unaudited)
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995455 - Disclosure - Cybersecurity Risk Management, Strategy, and Governance
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995465 - Disclosure - Organization and Business Purpose
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995475 - Disclosure - Summary of Significant Accounting Policies
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995485 - Disclosure - Commercial Real Estate Loan Investments
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995495 - Disclosure - Investments in Real Estate-Related Assets
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995505 - Disclosure - Borrowings
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995515 - Disclosure - Equity and Non-Controlling Interests
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995525 - Disclosure - Earnings Per Share
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995535 - Disclosure - Fair Value of Financial Instruments
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995545 - Disclosure - Related Party Transactions
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995555 - Disclosure - Commitments and Contingencies
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995565 - Disclosure - Repurchase Agreement
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995575 - Disclosure - Economic Dependency
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995585 - Disclosure - Subsequent Events
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995595 - Disclosure - Schedule IV - Mortgage Loans on Real Estate
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995605 - Disclosure - Summary of Significant Accounting Policies (Policies)
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995615 - Disclosure - Commercial Real Estate Loan Investments (Tables)
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995625 - Disclosure - Investments in Real Estate-Related Assets (Tables)
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995635 - Disclosure - Borrowings (Tables)
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995645 - Disclosure - Equity and Non-Controlling Interests (Tables)
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995655 - Disclosure - Earnings Per Share (Tables)
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995665 - Disclosure - Fair Value of Financial Instruments (Tables)
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995675 - Disclosure - Related Party Transactions (Tables)
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995685 - Disclosure - Subsequent Events (Tables)
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995695 - Disclosure - Organization and Business Purpose - Additional Information (Details)
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995705 - Disclosure - Summary of Significant Accounting Policies - Reclassifications - Additional Information (Details)
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995715 - Disclosure - Summary of Significant Accounting Policies - Investments in Real Estate-Related Assets - Additional Information (Details)
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995725 - Disclosure - Summary of Significant Accounting Policies - Cash and Cash Equivalents and Restricted Cash - Additional Information (Details)
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995735 - Disclosure - Summary of Significant Accounting Policies - Lender Reserves - Additional Information (Details)
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995745 - Disclosure - Summary of Significant Accounting Policies - Organization and Offering Expense Reimbursement - Additional Information (Details)
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995755 - Disclosure - Summary of Significant Accounting Policies - Earnings Per Share and Share-Based Compensation - Additional Information (Details)
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995765 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Investments in Commercial Real Estate Loans (Details)
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995775 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Property Type and Geographic Location of Commercial Real Estate Loan Investments (Details)
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995785 - Disclosure - Commercial Real Estate Loan Investments - Additional Information (Details)
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995795 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Investments in Retail Construction Loans (Details)
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995805 - Disclosure - Investments in Real Estate-Related Assets - Additional Information (Details)
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995815 - Disclosure - Investments in Real Estate-Related Assets, - Summary of Investment in Residential Bridge Loans (Details)
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995825 - Disclosure - Investments in Real Estate-Related Assets - Tax Lien Investments (Details)
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995835 - Disclosure - Borrowings - Additional Information (Details)
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995845 - Disclosure - Borrowings - Summary of Repurchase Facilities and Revolving Credit Facility Borrowings Activity (Details)
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995855 - Disclosure - Borrowings - Summary of Repurchase Facilities and Revolving Credit Facility Borrowings Activity (Parenthetical) (Details)
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995865 - Disclosure - Borrowings - Maturity of Outstanding Borrowings (Details)
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995875 - Disclosure - Equity and Non-Controlling Interests - Authorized Capital - Additional Information (Details)
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995885 - Disclosure - Equity and Non-Controlling Interests - Summary of Common Shares (Details)
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995895 - Disclosure - Equity and Non-Controlling Interests - Redeemable Common Shares - Additional Information (Details)
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995905 - Disclosure - Equity and Non-Controlling Interests - Share and Unit Repurchases - Additional Information (Details)
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995915 - Disclosure - Equity and Non-Controlling Interests - Summary of Net Distributions Declared (Details)
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995925 - Disclosure - Equity and Non-Controlling Interests - Non-controlling Interests - Additional Information (Details)
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995935 - Disclosure - Equity and Non-Controlling Interests - Share Based Compensation - Additional Information (Details)
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995945 - Disclosure - Earnings Per Share - Summary of Net Earnings Per Common Share (Details)
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995955 - Disclosure - Fair Value of Financial Instruments - Schedule of Investment Assets Carried at Fair Value on a Recurring Basis (Details)
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995965 - Disclosure - Fair Value of Financial Instruments - Additional Information (Details)
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995975 - Disclosure - Fair Value of Financial Instruments - Summary of Changes in Investments (Details)
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995985 - Disclosure - Fair Value of Financial Instruments - Schedule of Significant Unobservable Inputs Used in Fair Value of Investments (Details)
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995995 - Disclosure - Related Party Transactions - Schedule of Components Of Due To Affiliates (Details)
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996005 - Disclosure - Related Party Transactions - Additional Information (Details)
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996015 - Disclosure - Related Party Transactions - Management Fee - Additional Information (Details)
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996025 - Disclosure - Related Party Transactions - Performance Fee - Additional Information (Details)
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996035 - Disclosure - Related Party Transactions - Accrued Ongoing Shareholder Servicing Fees - Additional Information (Details)
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996045 - Disclosure - Related Party Transactions - Related Party Share Ownership - Additional Information (Details)
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996055 - Disclosure - Commitments and Contingencies - Additional Information (Details)
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996065 - Disclosure - Subsequent Events - Summary of Investment Activity (Details)
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996075 - Disclosure - Subsequent Events - Summary of Investments in Tax Liens (Details)
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996085 - Disclosure - Subsequent Events - Summary of Investment Activity - Additional Information (Details)
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996095 - Disclosure - Subsequent Events - Summary of Borrowing Activity (Details)
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996105 - Disclosure - Subsequent Events - Schedule of Issuance of Common Shares (Details)
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999009 - Disclosure - Anchoring
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Organization and Business Purpose [Abstract]
Proceeds from Issuance or Sale of Equity [Abstract]
US Midwest Region [Member]
Midwest [Member]
Concentration Risk Type [Axis]
Real Estate Investment Number Of Loans
Real estate investment number of loans.
Number of Loans
Number of loans
Schedule of Related Party Transactions [Table Text Block]
Schedule of Components Of Due To Affiliates
Entity Incorporation, State or Country Code
Proceeds from Issuance of Redeemable Common Stock
Proceeds from issuance of redeemable common stock.
Proceeds from issuance of redeemable common shares
Revision of Prior Period [Axis]
Non-cash investing and financing activities:
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Schedule of Long-Term Debt Instruments [Table Text Block]
Summary of Repurchase Facilities and Revolving Credit Facility Borrowings Activity
Summary of Borrowing Activity
Equity
Equity [Abstract]
Equity [Abstract]
Entity Current Reporting Status
Expenses
Operating Expenses [Abstract]
Fair Value, Inputs, Level 2 [Member]
Level 2
Level 2 [Member]
Repurchase Facilities [Member]
Repurchase Facilities [Member]
Repurchase facilities.
Commitments and Contingencies
Commitments and Contingencies Disclosure [Text Block]
Variable Interest Entity, Unavailability of Information, Number of Entities
Number of entities
Classification of common stock Class F-I.
Common Class F-I [Member]
Class F-I
Class F-I Shares [Member]
MASSACHUSETTS
Massachusetts [Member]
Earnings Per Share, Basic [Abstract]
Tax lien investments are legal claims against a residential or commercial property of an individual that fails to pay property taxes owed to the local government.
Tax Lien Investments [Member]
Tax Lien [Member]
Tax Lien Investments [Member]
Document Fiscal Period Focus
Debt Instrument, Interest Rate, Stated Percentage
Interest on outstanding borrowings
Entity Shell Company
Redeemable common shares outstanding
Temporary Equity, Shares Outstanding
Common Class J-2 [Member]
Common class J-2.
Class J-2 Shares [Member]
Class J-2 [Member]
Dividends, Common Stock, Cash
Distributions declared on common stock
Segment Reporting
Segment Reporting, Policy [Policy Text Block]
Cash and cash equivalents
Cash and cash equivalents
Cash and Cash Equivalent
Percentage of Sum of Purchase Price of certain Purchased Assets
Percentage of sum of purchase price of certain purchased assets.
Percentage of sum of purchase price of certain purchased assets
Frequency of Servicing Fees Periodic Payment
Frequency of servicing fees periodic payment.
Frequency of servicing fees periodic payment
Common Class J 2 [member]
Common class j 2.
Common Class J-2 [member]
Disclosure of accounting policy for lender reserves.
Lender Reserves [Policy Text Block]
Lender Reserves
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount
Redeemable common shares (Note 6)
Cybersecurity Risk Management, Strategy, and Governance [Abstract]
Common stock, shares issued (in shares)
Common Stock, Shares, Issued
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]
Cybersecurity Risk Board of Directors Oversight [Text Block]
Commercial Real Estate Loan Investments, at Fair Value
Commercial real estate (CRE) loan investments refer to the act of investing in loans that are specifically provided for the purchase, development, or refinancing of commercial properties, where the value is assessed based on current market conditions.
Commercial real estate loan investments, at fair value
Statement [Table]
Statement [Table]
Classification of common stock that has different rights than other classes, named as Class J-5, representing ownership interest in a corporation.
Class J-5 Common Shares [Member]
Class J-5 Common Shares [Member]
NEW JERSEY
New Jersey [Member]
Allocation to redeemable common shares
Allocation to Redeemable Common Shares
Allocation to redeemable common shares.
The GS Seller I repurchase agreement of borrowing that distinguishes it from other borrowings.
GS Seller I Repurchase Agreement [Member]
GS Seller I Repurchase Agreement [Member]
GS Seller I Repurchase Facility [Member]
Retail [Member]
Retail [Member]
Other offering costs payable
Other Offering Costs Payable
Other offering costs payable.
Other Liability, Related Party [Extensible Enumeration]
Other Liability, Related Party [Extensible Enumeration]
Outstanding Principal
Outstanding principal
Description of the frequency of periodic payments of management fee (monthly, quarterly, annual).
Frequency of Management Fee Periodic Payment
Frequency of management fee periodic payment
Santander Repurchase Facility Uncommitted Financing Amount
Santander repurchase facility uncommitted financing amount.
Santander repurchase facility uncommitted financing amount
Statement [Line Items]
Statement [Line Items]
Entity Filer Category
Reclassification, Comparability Adjustment [Policy Text Block]
Reclassifications
Debt Instrument Borrowing Capacity
Debt instrument borrowing capacity.
Debt instrument, borrowing capacity
Total liabilities and equity
Liabilities and Equity
Debt Instrument [Line Items]
Amended GS Repurchase Agreements [Member]
Amended GS Repurchase Agreements.
Amended GS Repurchase Agreements [Member]
Amount of costs primarily consisting of organizational costs of the company that are charged to expense as incurred during the period.
Organizational Costs
Organizational costs
Organizational costs
Long-Term Debt, Maturity, Year Three
2029
Primary financial statement caption encompassing organization and offering costs.
Organization and Offering Costs [Member]
Organization and Offering Costs [Member]
Advanced Organizational and Offering Costs [Member]
Schedule of Real Estate Properties [Table]
Real Estate Property, Ownership [Table]
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]
Liquidity
Liquidity
Liquidity.
ALABAMA
Alabama [Member]
Subsequent Event [Line Items]
Subsequent Event [Line Items]
Santander Repurchase Facility [Member]
Santander repurchase facility.
Share Repurchase Program [Table]
Cybersecurity Risk Management Third Party Engaged [Flag]
Interest income
Investment Income, Interest
Geographical [Domain]
Restricted Cash
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]
Summary of Siginifiant Accounting Policies [Line Items]
Summary of siginifiant accounting policies.
Property Type Concentration Risk [Member]
Property type concentration risk.
Tabular disclosure of the tax lien investments.
Tax Lien Investments [Table Text Block]
Tax Lien Investments
Retail Two [Member]
Retail two.
Retail [Member]
Deferred financing costs, net
Debt Issuance Costs, Net
Debt Issuance Costs, Net, Total
NEVADA
Nevada [Member]
Maturity Date
Maturity date
Investment Maturity Date
Real Estate [Table]
Real Estate [Table]
Stock Issued During Period, Value, Dividend Reinvestment Plan
Distribution reinvestment
Investment, Variable Interest Rate, Type [Extensible Enumeration]
Classification of common stock that has different rights than other classes, named as Class D, representing ownership interest in a corporation.
Common Class D [Member]
Class D Shares [Member]
Summary of Significant Accounting Policies
Significant Accounting Policies [Text Block]
Classification of common stock that has different rights than other classes, named as Class S, representing ownership interest in a corporation.
Class S Shares [Member]
Common Class S [Member]
Common Class S [Member]
Morgan Stanley Repurchase Facility [Member]
Morgan Stanley Repurchase Facility
Senior Housing [Member]
Senior Housing [Member]
Senior housing.
Nonrelated Party [Member]
Cybersecurity Risk Management, Strategy, and Governance [Table]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Summary of Net Earnings Per Common Share
Investment, Name [Axis]
Distribution payable
Dividends Payable
Net loss per common share, basic (in dollars per share)
Earnings per common share, Basic (in dollars per share)
Earnings per common share, basic (in dollars per share)
The percentage of performance fee.
Percentage of Performance Fee
Percentage of performance fee
Paydowns
Repayments of Long-Term Debt
Repayments of Long-Term Debt, Total
Disclosure of accounting policy for investment classified as organization and offering expense reimbursement.
Organization and Offering Expense Reimbursement [Policy Text Block]
Organization and Offering Expense Reimbursement
Mortgage servicing rights
Revolving Credit Facility [Member]
Revolving Credit Facility [Member]
Accrued Stockholders Servicing Fee
Accrued stockholders servicing fee
Accrued shareholders servicing fee
Other Restricted Cash
Other restricted cash.
Other restricted cash
Disclosure of accounting policy for commercial real estate loan investments
Commercial Real Estate Loan Investments [Policy Text Block]
Commercial Real Estate Loan Investments
Multifamily [Member]
Multifamily [Member]
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]
Adjustments to reconcile net income to net cash provided by operating activities:
Atlas Repurchase Facility [Member]
Atlas repurchase facility.
Atlas Repurchase Facility [Member]
Compensation Expense [Member]
Compensation expense.
Compensation Expense [Member]
Retail Three [Member]
Retail three.
Retail [Member]
Economic Dependency
Economic Dependency [Text Block]
Economic dependency.
Residential building containing multiple separate housing units.
Multifamily One [Member]
Multifamily [Member]
Colorado [Member]
COLORADO
Entity Small Business
Performance Fee [Abstract]
Commercial Real Estate Loan Investments [Abstract]
Commercial Real Estate Loan Investments Abstract
Accumulated deficit
Retained Earnings (Accumulated Deficit)
Accrued Performance Participation Allocation [Member]
Accrued performance participation allocation.
Other Commitments [Abstract]
Increase (Decrease) in Other Liabilities Due to Affiliates
Increase (decrease) in other liabilities/due to affiliates.
Increase in other liabilities/due to affiliates
Retail Construction Loans [Member]
Retail construction loans.
Organization and Business Purpose
Nature of Operations [Text Block]
Geographic Concentration Risk [Member]
Tabular disclosure of investments in tax liens.
Schedule of Investments in Tax Liens [Table Text Block]
Investments in Tax Liens
Year of Inception
Year of Inception
Year of inception
Organization and Business Purpose [Abstract]
Amendment Flag
Principal Repayment of Commercial Real Estate Loans
Principal repayment of commercial real estate loans.
Principal repayment of commercial real estate loans
Loss Contingencies [Line Items]
The cash outflow from the acquisition of commercial real estate loan Investment property as primarily intended to generate income for its owner.
Payments to Acquire Commercial Real Estate Loan Investments
Originations and fundings of commercial real estate loans
Accrued Shareholder Servicing Fee [Member]
Accrued shareholder servicing fee.
Accrued Shareholder Servicing Fee [Member]
Earnings Per Share
Earnings Per Share, Policy [Policy Text Block]
Liabilities and Equity
Liabilities and Equity [Abstract]
Entity Address, Postal Zip Code
Net cash provided by operating activities
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation
Common Stock [Member]
Common Stock [Member]
Cybersecurity Risk Role of Management [Text Block]
Long-Term Debt, Maturity, Year One
2027
Repurchase Agreement
Entity Address, Address Line One
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3
Transfer of assets from Level 3 to Level 2
Fair Value Hierarchy and NAV [Axis]
Total distributions made of non-controlling interest holders.
Stock Issued During Period Value Distributions of Non-controlling Interest Holders
Distributions to non-controlling interests
Earnings Per Share [Abstract]
Income Taxes
Income Tax, Policy [Policy Text Block]
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]
Supplemental Cash Flow Information [Abstract]
Supplemental disclosures:
Equity interests owned
Noncontrolling Interest in Limited Partnerships
Number of shares of common stock transferred to other class of common stock.
Common Stock Class Transfer
Class transfers (in shares)
Management fees
Management Fee Expense
Management fee
Investment Type [Axis]
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
Net income attributable to non-controlling interests
Classification of common stock that has different rights than other classes, named as Class R, representing ownership interest in a corporation.
Common Class R [Member]
Class R Shares [Member]
Class R [Member]
Document Type
Collaborative Arrangement and Arrangement Other than Collaborative [Axis]
Investments in real estate-related assets, at fair value
Real Estate Investment Property, Net
Outstanding Principal
Real Estate Investment Property, Net, Total
Collaborative Arrangement and Arrangement Other than Collaborative [Domain]
Entity Central Index Key
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
Organization and Offering Expense Reimbursement [Abstract]
Net change in cash, cash equivalents and restricted cash
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation
Subsequent Event Type [Domain]
Subsequent Event Type [Domain]
Multiplier applied to adjusted capital to determine performance fee.
Multiplier to adjusted capital
Common share equivalents, dilutive effect (in shares)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
The repurchase agreement of borrowing that distinguishes it from other borrowings.
Debt Instrument, Repurchase Agreement [Member]
Repurchase Facilities [Member]
Repurchase Facilities [Member]
Temporary Equity, Carrying Amount, Period Increase (Decrease)
Temporary Equity, Carrying Amount, Period Increase (Decrease), Total
Redeemable common shares allocation adjustment
Common stock, par value (in dollars per share)
Common stock, par value (in dollars per share)
Common Stock, Par or Stated Value Per Share
Liabilities
Liabilities [Abstract]
GS Seller III Repurchase Agreement [Member]
GS Seller III Repurchase Agreement [Member]
The GS Seller II repurchase agreement of borrowing that distinguishes it from other borrowings.
GS Seller III Repurchase Facility [Member]
Residential bridge loans
Residential Bridge Loans Investments [Member]
Residential bridge loans investments.
Residential Bridge Loans [Member]
Noncontrolling Interest, Increase from Subsidiary Equity Issuance
Contributions from non-controlling interests
Amended Existing GS Repurchase Agreements [Member]
Amended Existing GS Repurchase Agreements [Member]
Amended existing GS repurchase agreements.
Net realized loss on investments
Realized Investment Gains (Losses)
Realized Investment Gains (Losses), Total
Net realized loss on investments
Parent [Member]
Parent [Member]
Debt Disclosure [Abstract]
Borrowings [Abstract]
US West Region [Member]
West [Member]
Current Fiscal Year End Date
Schedule of Long-Term Debt Instruments [Table]
Accrued Distributions
Accrued distributions.
Accrued distributions
Ohio [Member]
OHIO
Mortgage Servicing Rights [Abstract]
Mortgage servicing rights.
Document Quarterly Report
California [Member]
CALIFORNIA
Entity Address, State or Province
Maximum Allowable Liquidity
Maximum allowable liquidity.
Maximum allowable liquidity
Investment, Name [Domain]
Real Estate [Line Items]
Real Estate [Line Items]
Class F-I Common Shares [Member]
Class F-I common shares.
Class F-I Common Shares [Member]
Geographical [Axis]
Non-controlling interests
Non-controlling interests
Subsequent Event [Member]
Long-Term Debt, Maturity, Remainder of Fiscal Year
2026 (Remaining)
Fair Value Measurement Inputs and Valuation Techniques [Table]
Retail Four [Member]
Retail four.
Retail [Member]
WASHINGTON
Washington D.C. [Member]
MARYLAND
Maryland [Member]
Tabular disclosure of investments in senior secured commercial real estate loans.
Schedule of Investments in Senior Secured Commercial Real Estate Loans [Table Text Block]
Schedule of Investments in Senior Secured Commercial Real Estate Loans
Related Party Transaction [Axis]
Providing friendly treatment of visitors and guests or hospitable treatment.
Hospitality [Member]
Hospitality [Member]
Investment in loan to finance the purchase of Property that is solely used for business purposes.
Commercial Real Estate Loan [Member]
Commercial Real Estate Loan Investments [Member]
Equity Distribution [Abstract]
Fair Value, Net Asset (Liability) [Abstract]
Investments in Real Estate-Related Assets
Real Estate Disclosure [Text Block]
Maturity Date
Debt instrument, maturity date
Debt instrument, maturity date
Minimum [Member]
Financial Instrument [Axis]
Total investments in real estate-related assets [Member]
Real Estate [Member]
Subscriptions for trust units received in advance.
Subscriptions Received in Advance
Subscriptions received in advance
Health Care [Member]
Healthcare [Member]
Class B Shares [Member]
Common Class B [Member]
Class B [Member]
Level 3 [Member]
Level 3 [Member]
Fair Value, Inputs, Level 3 [Member]
Residential building containing multiple separate housing units.
Multifamily Two [Member]
Multifamily [Member]
Share Repurchase Program [Line Items]
Borrowings under revolving credit facility
Proceeds from Long-Term Lines of Credit
Estimate on Expected Holding Period by Shareholders
Estimate on expected holding period by shareholders.
Estimate on expected holding period by shareholders
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Schedule of Investment Assets Carried at Fair Value on a Recurring Basis
Unrealized loss on investments
Net unrealized (gain) loss on investments
Net unrealized gain on investments
Net unrealized gain (loss) on investments
Disclosure of accounting policy for fair value option.
Fair Value Option [Policy Text Block]
Fair Value Option
Related Party Transactions [Abstract]
Tabular disclosure of changes in investments , including [financial] instruments measured at fair value.
Summarizes Changes in Investments [Table Text Block]
Summay of Changes in Investments
Accrued Management Fee [Member]
Accrued Management Fee [Member]
Accrued management fee.
Commitments and Contingencies
Commitments and contingencies (Note 10)
General and Administrative Expense [Member]
General and Administrative Expense [Member]
Guarantor Obligations, Liability Over Outstanding Principal, Percentage
Guarantor obligations, liability over outstanding principal, percentage
Guarantor obligations, liability over outstanding principal, percentage
Borrowing base rate
Debt Instrument, Basis Spread on Variable Rate
Real Estate Investment Interest Rate Floor
Real estate investment interest rate floor.
Interest rate, floor
Repurchase Payable
Repurchase payable.
Repurchases payable
Class F-S Common Shares [Member]
Class F-S common shares.
Class F-S Common Shares [Member]
GS Seller II Repurchase Agreement [Member]
GS Seller II Repurchase Agreement [Member]
GS Seller II Repurchase Facility [Member]
Distribution Reinvestment
Distribution reinvestment.
Distribution reinvestment
Concentration Risk Benchmark [Axis]
Borrowings Under Repurchase Agreements
Borrowings under repurchase agreements.
Borrowings under repurchase agreements
Long-Term Debt, Maturity, Year Two
2028
Summary of Siginifiant Accounting Policies [Table]
Summary of Siginifiant Accounting Policies [Table]
Lender Reserves
Amount of lender reserves represent interest, tax and insurance on commercial real estate loans held by the entity on behalf of the borrower.
Lender reserves
Real Estate Investment Loan Amount
Real estate investment loan amount.
Loan Amount
Total loan amount
Net loss
Net income
Net income (loss)
Investments in Real Estate-Related Assets
Real Estate, Policy [Policy Text Block]
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]
Loss Contingencies [Table]
Weighted average number of common shares outstanding, basic (in shares)
Weighted Average Number of Shares Outstanding, Basic
Weighted-average common shares outstanding, Basic (in shares)
Common Class J1 [member]
Common class J1.
Common Class J-1 [Member]
Document Information [Line Items]
Weighted average rate floor
Investment, Interest Rate, Floor
Fair Value Measured at Net Asset Value Per Share [Member]
NAV [Member]
GS Seller III Repurchase Facility [Member]
GS Seller III Repurchase Facility [Member]
GS seller III repurchase facility.
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block]
Schedule IV - Mortgage Loans on Real Estate
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
Gross proceeds from private offering
Proceeds from Issuance of Private Placement
Subsequent Events
Subsequent Events [Text Block]
Borrowings Outstanding
Ending Balance
Amount Outstanding, Net
Related Party Transactions
Related Party Transactions Disclosure [Text Block]
Equity, Attributable to Parent
Total shareholders' equity
Payments to Acquire Investments
Payments to Acquire Investments, Total
Purchase Price
Preferred stock, par value (in dollars per share)
Preferred Stock, Par or Stated Value Per Share
Tangible net worth
Banking Regulation, Tangible Capital, Actual
Consolidated Statements of Changes in Equity [Abstract]
Number of commercial real estate loans
Number Of Commercial Real Estate Loans
Number of commercial real estate loans.
Use of Estimates
Use of Estimates, Policy [Policy Text Block]
Payments to Acquire Real Estate
Fundings of other real estate-related investments
FIG LLC [Member]
FIG LLC.
2031
Long-Term Debt, Maturity, Year Five
Fair Value of Financial Instruments
The amount of aggregate net asset value, subject to determine advisers advance payment of operating costs including debt issuance costs and general and administrative expenses on behalf of the Company .
Aggregate Net Asset Value, Subject to Determine Advisers Advance Payment of Operating Costs
Aggregate net asset value, subject to determine advisers advance payment of operating costs
The required annual rate of return on an investment to offset its costs.
Percent Of Annual Hurdle Rate
Percentage of annual hurdle rate
Fair value
Fair Value
Investment Owned, Fair Value
Investment Owned, Fair Value, Ending Balance
Investment Owned, Fair Value, Beginning Balance
United States [Member]
UNITED STATES
Non-controlling Interests [Member]
Noncontrolling Interest [Member]
Debt Instrument, Name [Domain]
Discount Rate [Member]
Maximum Maturity Date
Real Estate Investment Maximum Maturity Date
Real estate investment maximum maturity date.
Long-Term Debt, Maturity, Year Four
2030
Schedule Of Issuance of Common Shares [Table Text block]
Schedule of issuance of common shares.
Schedule of Issuance of Common Shares
Increase (Decrease) in Other Operating Assets
Increase (Decrease) in Other Operating Assets, Total
Increase (decrease) in other assets
Increase in other assets
Increase in other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Multifamily Six [Member]
Multifamily six.
Multifamily [Member]
Credit Facility [Axis]
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]
Economic Dependency
Economic Dependency
The net cash inflow from lender reserves represent interest, tax and insurance on commercial real estate loans held by the entity on behalf of the borrower.
Change in Lender Reserves
Change in lender reserves
Deferred Charges, Policy [Policy Text Block]
Deferred Charges
Proceeds from Sale of Other Real Estate
Proceeds received from other real-estate related investments
Classification of common stock Class F-S.
Common Class F-S [Member]
Class F-S Shares [Member]
Related and Nonrelated Parties [Axis]
Distribution reinvestment for redeemable common shares
Distribution Reinvestment For Redeemable Common Shares
Distribution reinvestment for redeemable common shares.
Entity Address, City or Town
Common shares repurchased (in shares)
Stock Repurchased During Period, Shares
Common shares repurchased (in shares)
Credit Facility [Domain]
Retail One [Member]
Retail one.
Retail [Member]
Long-Term Debt, Gross
Total
Amount Outstanding, Gross
Banking Regulation, Tangible Capital, Minimum
Required to maintain tangible net worth
Debt, Weighted Average Interest Rate
Weighted Average Interest Rate
The Atlas repurchase agreement of borrowing that distinguishes it from other borrowings.
Atlas Repurchase Agreement [Member]
Atlas Repurchase Agreement [Member]
Atlas Repurchase Facility [Member]
Concentration Risk Type [Domain]
Investments in Real Estate-Related Assets [Abstract]
Measurement Input Type [Domain]
Origination Date
Acquisition Date
Student Housing [Member]
Student Housing.
Total cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash, end of period
Cash, cash equivalents and restricted cash, beginning of period
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation
Accounts payable and accrued expenses
Accounts Payable and Accrued Liabilities
Interest Paid, Excluding Capitalized Interest, Operating Activity
Cash paid for interest
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table]
Statistical Measurement [Domain]
Statistical Measurement [Domain]
Economic Dependency [Abstract]
Economic Dependency
Non-cash compensation expense
Share-Based Payment Arrangement, Expense
Compensation expense for service
Document Period End Date
Fair Value Hierarchy and NAV [Domain]
Stock Redeemed or Called During Period, Value
Common stock redeemed
Common shares repurchased
Residential building containing multiple separate housing units.
Multifamily Three [Member]
Multifamily [Member]
Condensed Consolidated Balance Sheets [Abstract]
GS Seller II Repurchase Facility [Member]
GS Seller II Repurchase Facility [Member]
GS seller II repurchase facility.
Revenue Recognition
Other [Member]
Other Property [Member]
Return of capital
Return Of Capital, Fair Value Disclosure
Return of capital, fair value disclosure.
Number of classes of common stock shares.
Number of Classes of Shares
Number of classes of shares
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]
Class of Stock [Axis]
Class of Stock [Axis]
JPM Revolving Credit Facility [Member]
JPM revolving credit facility.
JPM Revolving Credit Facility [Member]
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Reclassified
Revision of Prior Period, Reclassification, Adjustment [Member]
Total liabilities
Liabilities
Classification of common stock that has different rights than other classes, named as Class J-3, representing ownership interest in a corporation.
Class J-3 Common Shares [Member]
Class J-3 Common Shares [Member]
Class J-3 [Member]
Financial Instruments [Domain]
Earnings Per Share, Diluted, Other Disclosure [Abstract]
Restricted cash
Restricted cash
Restricted Cash
New York [Member]
NEW YORK
ILLINOIS
Illinois [Member]
Weighted average number of common shares outstanding, diluted (in shares)
Weighted Average Number of Shares Outstanding, Diluted
Weighted-average common shares outstanding, Diluted (in shares)
Entity File Number
Amount of cash restricted, held in bank as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
Restricted Cash Held in Bank
Restricted cash held in bank
Payments of Ordinary Dividends, Common Stock
Payment of distributions to common shares
Other assets
Other Assets
Cover [Abstract]
Measurement Input Type [Axis]
Class J-1 Shares [Member]
Common Class J-1 [Member]
Common class J-1.
Class J-1 [Member]
Management fee [Member]
Management fee
Investments [Domain]
Repurchase Agreements
Real Estate Loan Investments Wighted Average Maturity Period
Real estate loan investments weighted average maturity period.
Weighted Average Maturity (years)
General and administrative
General and Administrative Expense
General and Administrative Expense, Total
General and administrative expenses
Schedule of Investments in Retail Construction loans [Table Text Block]
Schedule of investments in retail construction loans.
Schedule of Investments in Retail Construction Loans
Dividends Declared [Table Text Block]
Summary of Net Distributions Declared
Multifamily Seven [Member]
Multifamily seven.
Multifamily [Member]
Subsequent Event [Table]
Subsequent Event [Table]
Earnings Per Share, Diluted, by Common Class, Including Two-Class Method [Table]
Earnings Per Share, Diluted, by Common Class, Including Two-Class Method [Table]
Management fees
Management Fees Expense
Management fees expense.
Share-Based Compensation Arrangement by Share-Based Payment Award [Abstract]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Recently Adopted Accounting Pronouncements
New Accounting Pronouncements, Policy [Policy Text Block]
Servicing fees percentage
Percentage of Servicing Fees
Percentage of servicing fees.
NS Seller I Repurchase Facility [Member]
NS Seller I repurchase facility.
Proceeds from Issuance of Long-Term Debt
Proceeds from Issuance of Long-Term Debt, Total
Borrowings
CRE Loans
Issuance of Class E shares as payment of the board of directors compensation
Issuance of Class E Shares as Payment of the Board of Directors Compensation
Issuance of Class E shares as payment of the board of directors compensation.
Common stock, shares outstanding (in shares)
Ending balance (in shares)
Beginning balance (in shares)
Common Stock, Shares, Outstanding
Maturity of Outstanding Borrowings
Contractual Obligation, Fiscal Year Maturity [Table Text Block]
Cybersecurity Risk Management Processes Integrated [Flag]
Document Transition Report
Mixed-use [Member]
Mixed-use 1 [Member]
Mixed-use 1.
Operating Expenses
Total expenses
Commercial Real Estate Loan Investments Benchmark [Member]
Commercial real estate loan investments benchmark.
Payments for Repurchase of Common Stock
Repurchase of common shares
Investment Activity [Abstract]
Condensed Consolidated Statement of Cash Flows [Abstract]
Classification of common stock that has different rights than other classes, named as Class E, representing ownership interest in a corporation.
Common Class E [Member]
Class E Shares [Member]
Class E [Member]
Common stock issued
Proceeds from issuance of common stock
Gross Proceeds
Assets, Fair Value Disclosure [Abstract]
Financial Assets: [Abstract]
Financial Assets: [Abstract]
GS Seller I Repurchase Facility [Member]
GS Seller I Repurchase Facility [Member]
GS seller I repurchase facility.
Equity
Equity and Non-Controlling Interests
Distribution reinvestment for common shares
Distribution Reinvestment For Common Shares
Distribution reinvestment for common shares.
Capital Commitments
Capital commitments.
Capital commitments
Lender Reserves [Abstract]
Performance Participation Allocation [Member]
Performance participation allocation.
Performance Participation Allocation [Member]
Earnings Per Share
Earnings Per Share [Text Block]
Yield [Member]
Cybersecurity Risk Management Processes Integrated [Text Block]
Common class J-4.
Common Class J-4 [Member]
Class J-4 [Member]
Class J-4 Shares [Member]
The net cash outflow or inflow for the increase (decrease) in the beginning and end of period of loan and lease balances which are not originated or purchased specifically for resale. Includes cash payments and proceeds associated with (a) loans held-for-investment, (b) leases held-for-investment, and (c) both.
Loan originations and Fundings
Loan originations and fundings
The amount of cash received in advance from shares subscription.
Proceeds in Advance from Shares Subscription
Subscriptions received in advance
Other income
Organizational costs
Organizational Cost, Expense
Distributions to non-controlling interests
Payments of Ordinary Dividends, Noncontrolling Interest
Assets
Assets [Abstract]
Non-Rule 10b-51 Arr Modified Flag
Non-Rule 10b-51 Arr modified flag.
Non-Rule 10b5-1 Arrangement Modified
Document Fiscal Year Focus
Management Fee [Abstract]
Concentration Risk Benchmark [Domain]
Classification of common stock that has different rights than other classes, named as Class J-1, representing ownership interest in a corporation.
Class J-1 Common Shares [Member]
Class J-1 Common Shares [Member]
Class J-1 [Member]
Cash flows from investing activities:
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]
The required quarterly rate of return on an investment to offset its costs.
Percent Of Quarterly Hurdle Rate
Percentage of quarterly hurdle rate
Interest Expense, Nonoperating
Interest Expense, Nonoperating, Total
Interest expense
Interest expense
Revolving credit facility, net
Revolving credit facility, net
Revolving credit facility, net
Revision of Prior Period [Domain]
Debt Instrument Redemption [Table]
Fair Value Measurement
Fair Value Measurement, Policy [Policy Text Block]
The period for which organization and offering costs reimbursed to the adviser, starting from first anniversary of initial closing of private offering in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
Reimbursement Period for Repayment of Advance Expenses, Starting from First Anniversary of Initial Closing of Private Offering
Reimbursement period for repayment of advance expenses
Reimbursement period for repayment of advance expenses
US East Region [Member]
East [Member]
Equity Investments [Member]
Equity investment is money that is invested in a company by purchasing shares of that company in the stock market.
Equity Investments [Member]
Other liabilities
Due to affiliate
Total
Atlas Repurchase Agreements [Member]
Atlas repurchase agreements.
Atlas Repurchase Agreements [Member]
Fair Value of Financial Instruments [Abstract]
Commitments and Contingencies Disclosure [Abstract]
Real Estate Investment Interest Rate
Real estate investment interest rate.
Interest Rate
Weighted Average Interest Rate
Real Estate Properties [Line Items]
Real Estate Properties [Line Items]
Repayment of revolving credit facility
Repayments of Long-Term Lines of Credit
Payment of outstanding principal balance of credit facility
Mezzanine Loans [Member]
Mezzanine loans.
FLORIDA
Florida [Member]
Net loss
Net Income (Loss) Available to Common Stockholders, Basic
Net income attributable to common shareholders
Net income
Restricted Cash [Abstract]
Amended Atlas Repurchase Agreement [Member]
Amended Atlas Repurchase Agreement.
Amended Atlas Repurchase Agreement [Member]
Debt Instrument [Axis]
Debt Instrument [Axis]
Assets, Fair Value Disclosure
Total
Total
Total
Remaining equity allocated to non-controlling interests
Other Noncontrolling Interests
Concentration Risk, Percentage
Concentration risk (in percent)
Total revenues
Revenues
Net cash used in investing activities
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation
Amount of expense incurred as performance fee during the period.
Performance Fee
Performance fee
Share class exchange
Stock Issued During Period, Value, Conversion of Units
Related and Nonrelated Parties [Domain]
Long-Term Debt, Maturity, after Year Five
Thereafter
Redeemable common shares issued
Temporary Equity, Shares Issued
Repayments of repurchase agreements
Repayments of repurchase agreements.
Repayments of repurchase agreements
Document Information [Table]
Maximum Facility Size
Maximum borrowing capacity under the debt facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
Debt Instrument, Maximum Borrowing Capacity
Debt instrument, maximum borrowing capacity
Changes in assets and liabilities:
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]
Repayments
Repayments, Fair Value Disclosure
Repayments, fair value disclosure.
Fair Value, Recurring and Nonrecurring [Table]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Value of stock issued during period
Stock Issued During Period, Value, Issued for Services
Measurement Frequency [Domain]
Statement of Income Location, Balance [Axis]
Schedule of Related Party Transactions, by Related Party [Table]
Related Party Transaction [Table]
Amended MS Seller Repurchase Agreement [Member]
Amended MS Seller Repurchase Agreement [Member]
Amended MS seller repurchase agreement.
Mortgage Servicing Rights [Member]
Mortgage Servicing Rights.
Subsequent Event Type [Axis]
Subsequent Event Type [Axis]
Cash flows from financing activities:
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]
Investment Owned, Balance [Abstract]
Fair Value, Recurring [Member]
Fair Value, Recurring [Member]
Entity Ex Transition Period
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Classification of common stock that has different rights than other classes, named as Class I, representing ownership interest in a corporation.
Common Class I [Member]
Class I Shares [Member]
Common Class I [Member]
Equity Components [Axis]
Equity Components [Axis]
Mississippi [Member]
MISSISSIPPI
Total other income (expense)
Nonoperating Income (Expense)
Equity Component [Domain]
Equity Component [Domain]
Contributions of non-controlling interests
Contributions from non-controlling interests
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Multifamily Four [Member]
Multifamily Four.
Multifamily [Member]
Debt Instrument, Redemption [Line Items]
Applicable Margin Rate
Applicable margin rate
Applicable margin rate
The amount of offering costs due to affiliate in a noncash or partial noncash transaction.
Offering Costs Due to Affiliate
Advanced offering costs due to affiliate
Maximum [Member]
The amount of net assets percentage payable to the class of shareholders, related to management fee.
Percentage of Net Asset Value Payable related to Management Fee
Percentage of net asset value payable related to management fee
Statistical Measurement [Axis]
Statistical Measurement [Axis]
Common stock
Common Stock, Value, Issued
Aggregate purchase price
Cash and Cash Equivalents [Abstract]
Principles of Consolidation and Basis of Presentation
Consolidation, Policy [Policy Text Block]
Description of change in valuation form an increase in input.
Impact of Valuation from an Increase in Input
Impact to Valuation from an Increase in Input
Beginning balance
Ending balance
Total equity
Equity, Including Portion Attributable to Noncontrolling Interest
The amount of net assets percentage per quarter related to share repurchase plan.
Maximum Percentage of Aggregate Net Asset Value Per Quarter Related to Share Repurchase Plan
Percentage of aggregate net asset value per quarter related to share repurchase plan
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Amortization of deferred financing costs
Amortization of Debt Issuance Costs
Class B, Class R, Class J-1, Class J-2, Class J-3, Class J-4, Class J-5, Class S, Class D, Class I, Class E, Class F-I and Class F-S shares [Member]
Class B, Class R, Class J-1, Class J-2, Class J-3, Class J-4, Class J-5, Class S, Class D, Class I, Class E, Class F-I and Class F-S shares.
Class B, Class R, Class J-1, Class J-2, Class J-3, Class J-4, Class J-5, Class S, Class D, Class I, Class E, Class F-I and Class F-S shares [Member]
Proceeds from issuance of redeemable common stock
Proceeds from Sale of Treasury Stock
Repurchase facilities payable, net
Repurchase facilities payable, net
Repurchase facilities payable, net
Related Party Transaction [Line Items]
Related Party Transaction [Line Items]
Entity Registrant Name
Debt Disclosure [Text Block]
Borrowings
Commitment Amount
Commitment amount.
Commitment amount
Additional paid-in capital
Additional Paid in Capital
Subsequent Events [Abstract]
Cybersecurity Risk Management Positions or Committees Responsible [Flag]
Bid deposits
Deposit Assets, Total
Bid deposits
Measurement Frequency [Axis]
Common shares repurchased
Stock Repurchased During Period, Value
Proceeds from Issuance of Common Stock
Proceeds from issuance of common shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
Schedule of Significant Unobservable Inputs Used in Fair Value of Investments
Additional amount to principal balance of bridge loans
Additional Amount to Principal Balance of Bridge Loans
Additional amount to principal balance of bridge loans.
Entity Common Stock, Shares Outstanding
Value of input used to measure financial assets.
Financial Asset, Measurement Input
Financial asset measurement input
Total assets
Assets
Condensed Consolidated Statements of Operations (Unaudited) [Abstract]
Weighted Average Loan to Value Ratio, Fair Value
Weighted average loan to value ratio, fair value.
Weighted average loan to value ratio, Fair value
Equity of the joint ventures
Noncontrolling Interest in Joint Ventures
Share-Based Compensation
Share-Based Payment Arrangement [Policy Text Block]
Temporary Upsize Period
Temporary upsize period.
Temporary upsize period
Fair Value of Real Estate Investments Joint Ventures
Fair value of real estate investments joint ventures.
Fair value of investment
Schedule of Property Type And Geographic location of CRE Loan Investments [Table Text Block]
Schedule of property type and geographic location of CRE loan investments.
Schedule of Property Type and Geographic Location of Commercial Real Estate Loan Investments
Aggregate number of shares issued and sold (in shares)
Common shares issued (in shares)
Shares
Redeemable Common Stock [Policy Text Block]
Redeemable common stock.
Redeemable Common Shares
Net loss per common share, diluted (in dollars per share)
Earnings per common share, Diluted (in dollars per share)
Earnings per common share, diluted (in dollars per share)
City Area Code
Summary of Commercial Real Estate Loan Investments
Fair Value Option, Disclosures [Table Text Block]
Common Class J-3 [Member]
Common class J-3.
Class J-3 Shares [Member]
Commercial Real Estate [Member]
South [Member]
US South Region [Member]
Senior Loans [Member]
Weighted Average Maximum Maturity (years)
Real Estate Loan Investments Weighted Average Maximum Maturity Period
Real estate loan investments weighted average Maximum maturity period.
Term of the interest rate that fluctuates over time as a result of an underlying benchmark interest rate or index, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
Debt Instrument Term of Variable Rate
Variable term of loan
Basis spread term
MSR subscription agreement [Member]
MSR subscription agreement.
MSR Subscription Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity
Maximum loan amount
Commercial Real Estate Loan Acquired, Amount
Commercial real estate loan acquired, amount.
CRE loan acquired
Mixed-use [Member]
Mixed-use.
Mixed-use [Member]
Classification of common stock that has different rights than other classes, named as Class J-4, representing ownership interest in a corporation.
Class J-4 Common Shares [Member]
Class J-4 Shares [Member]
Repurchase Agreement [Abstract]
Borrowings [Abstract]
Investment in joint venture
Real Estate Investments, Joint Ventures
Real Estate [Domain]
Real Estate [Domain]
Cash and Cash Equivalents
Sale of common stock through initial offering
Value of common stock the company is planning to issue in its primary offering.
Value of Common Stock to be Issued in Initial Offering
MS Seller Repurchase Agreement [Member]
MS Seller Repurchase Agreement
Name of investment type, commercial real estate investment loan is essentially a contract between a commercial real estate property owner and a lender which has to be paid back over a specified period.
Cre loan investments [Member]
CRE loan Investments [Member]
Rule 10b-51 Arr Modified Flag
Rule 10b5-1 Arr modified flag.
Rule 10b5-1 Arrangement Modified
Investment in Retail Construction Loans [Member]
Investment in retail construction loans.
Borrowings (Paydowns)
Borrowings (Paydowns) of Long-term Debt
Borrowings (paydowns) of long-term debt.
Performance Participation Allocation
Performance participation allocation.
Performance participation allocation
Retained Earnings [Member]
Accumulated Deficit [Member]
Payments of Stock Issuance Costs
Offering costs paid
The entire disclosure for Commercial real estate loan investments, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.
Commercial Real Estate Loan Investments [Text Block]
Commercial Real Estate Loan Investments
Level 1
Fair Value, Inputs, Level 1 [Member]
Level 1 [Member]
Class of Stock [Line Items]
Class of Stock [Line Items]
Net cash provided by financing activities
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation
Loan Amount
Loan amount
Par Value
Industrial [Member]
Industrial Property [Member]
NS Seller I Repurchase Agreement [Member]
NS Seller I repurchase agreement.
Beginning balance
Ending balance
Investments, Fair Value Disclosure
Investments, Fair Value Disclosure, Total
Outstanding Principal
Outstanding principal balance
Other income (expense)
Due to Affiliates [Abstract]
Entity Interactive Data Current
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Statement of Income Location, Balance [Domain]
Cash flows from operating activities:
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]
Real Estate, Type of Property [Axis]
Real Estate, Type of Property [Axis]
Second Amendment To MS Seller Repurchase Agreement [Member]
Second amendment to MS seller repurchase agreement.
Second Amendment to MS Seller Repurchase Agreement [Member]
Common Stock, Dividends, Per Share, Declared
Gross distributions declared per share of common stock (in dollars per share)
Aggregate net distributions declared per share of common shares (in dollars per share)
Residential Mortgage [Member]
Residential Mortgage Loans [Member]
Entity Tax Identification Number
Revenues
Revenues [Abstract]
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]
Summary of Common Shares
Number of tax lien investments.
Number of Tax Lien Investment
Lien Count
The amount of unfunded commitments.
Unfunded Commitments
Unfunded commitments
Multifamily [Member]
Multifamily Five [Member]
Multifamily five.
Local Phone Number
Related Party Transaction [Domain]
Classification of common stock that has different rights than other classes, named as Class J-2, representing ownership interest in a corporation.
Class J-2 Common Shares [Member]
Class J-2 Common Shares [Member]
Class J-2 [Member]
Stock Issued During Period Value Allocation To Redeemable Common Shares
Stock issued during period value allocation to redeemable common shares.
Allocation to redeemable common shares
General and Administrative and Compensation Expense [Member]
General and Administrative and Compensation Expense.
General and Administrative Expenses [Member]
Retail Site [Member]
Retail Site [Member]
Summary of Investment in Residential Bridge Loans
Residential Bridge Loans On Real Estate [Table Text Block]
Residential bridge loans on real estate.
Payments of Financing Costs
Payments of Financing Costs, Total
Payments of deferred financing costs
Offering costs
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs
Summary of Significant Accounting Policies [Abstract]
Common Stock [Abstract]
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Distribution reinvestment (in shares)
Stock Issued During Period, Shares, Dividend Reinvestment Plan
Prior Period Reclassification Adjustment
Prior period reclassification adjustment
CONNECTICUT
Connecticut [Member]
Class of Stock [Domain]
Class of Stock [Domain]
Affiliated Party [Member]
Adviser [Member]
Affiliates [Member]
Schedule of Stock by Class [Table]
Stock, Class of Stock [Table]
Payable To Investors
Payable to investors
Payable to investors
Entity Emerging Growth Company