v3.26.1
Loans Receivable, at Fair Value - Schedule of Property Type and Geographic Location Loans Receivable, at Fair Value (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 1,526,491 $ 1,570,361 $ 1,392,131 $ 1,028,960 $ 936,846 $ 828,215
Percentage 100.00%   100.00%      
Multifamily [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 890,461   $ 765,561      
Percentage 58.00%   55.00%      
Industrial [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 603,965   $ 626,570      
Percentage 40.00%   45.00%      
Senior Housing [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 32,065          
Percentage 2.00%          
West [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 479,267   $ 446,203      
Percentage 31.00%   32.00%      
Southeast [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 427,969   $ 370,154      
Percentage 28.00%   27.00%      
Southwest [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 152,545   $ 152,335      
Percentage 10.00%   11.00%      
Midwest [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 144,000   $ 0      
Percentage 10.00%   0.00%      
Mid-Atlantic [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 139,800   $ 139,400      
Percentage 9.00%   10.00%      
International [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 118,910   $ 200,090      
Percentage 8.00%   14.00%      
Northeast [Member]            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair Value $ 64,000   $ 83,949      
Percentage 4.00%   6.00%