v3.26.1
Real Estate Investments, net - Revenue and Expenses of Property (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Real Estate Properties [Line Items]        
Property general and administrative expenses $ 2,831 $ 3,763 $ 6,099 $ 6,275
Depreciation and amortization     3,154 1,693
Multifamily Property        
Real Estate Properties [Line Items]        
Other income 62 48 105 79
Total revenues 2,158 2,502 4,338 4,911
Interest expense 1,149 1,837 2,284 3,657
Real estate taxes and insurance 277 374 553 763
Property operating expenses 400 560 782 1,127
Property general and administrative expenses 1,063 117 1,999 241
Property management fees 64 71 127 141
Depreciation and amortization 1,728 614 3,154 1,693
Rate cap (income) expense   (2)   (12)
Total expenses 4,681 3,571 8,899 7,610
Net income (loss) from consolidated real estate owned (2,523) (1,069) (4,561) (2,699)
Multifamily Property | Rental Income        
Real Estate Properties [Line Items]        
Rental income $ 2,096 $ 2,454 $ 4,233 $ 4,832