Consolidated Real Estate Investments - Schedule of Components of Investments in Real Estate Properties (Details) - USD ($)
$ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
$ 389,004
|
$ 417,192
|
| Accumulated depreciation and amortization |
(49,495)
|
(45,323)
|
| Net operating real estate investments |
339,509
|
371,869
|
| White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
13,940
|
13,820
|
| 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
3,445
|
3,445
|
| Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
236,311
|
236,235
|
| NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
26,500
|
26,500
|
| Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
31,548
|
30,615
|
| St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
48,630
|
46,746
|
| Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
28,188
|
28,106
|
| Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
|
31,191
|
| HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
442
|
534
|
| Land |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
61,160
|
61,997
|
| Accumulated depreciation and amortization |
0
|
0
|
| Net operating real estate investments |
61,160
|
61,997
|
| Land | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,315
|
1,315
|
| Land | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
851
|
851
|
| Land | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
18,812
|
18,812
|
| Land | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
26,500
|
26,500
|
| Land | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
4,116
|
4,116
|
| Land | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
5,829
|
5,829
|
| Land | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
3,737
|
3,737
|
| Land | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
|
837
|
| Land | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Buildings and Improvements |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
291,826
|
317,395
|
| Accumulated depreciation and amortization |
(42,448)
|
(37,837)
|
| Net operating real estate investments |
249,378
|
279,558
|
| Buildings and Improvements | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
10,775
|
10,672
|
| Buildings and Improvements | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
2,594
|
2,594
|
| Buildings and Improvements | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
195,429
|
195,416
|
| Buildings and Improvements | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Buildings and Improvements | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
24,837
|
24,838
|
| Buildings and Improvements | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
37,879
|
37,879
|
| Buildings and Improvements | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
20,312
|
20,327
|
| Buildings and Improvements | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
|
25,669
|
| Buildings and Improvements | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
10,979
|
10,979
|
| Accumulated depreciation and amortization |
(9,599)
|
(9,215)
|
| Net operating real estate investments |
1,380
|
1,764
|
| Intangible Lease Assets | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,921
|
1,921
|
| Intangible Lease Assets | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
9,058
|
9,058
|
| Intangible Lease Assets | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Assets | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
|
0
|
| Intangible Lease Assets | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
(6,770)
|
(6,770)
|
| Accumulated depreciation and amortization |
5,231
|
4,705
|
| Total Operating Properties |
(1,539)
|
(2,065)
|
| Intangible Lease Liabilities | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
(101)
|
(101)
|
| Intangible Lease Liabilities | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
(6,669)
|
(6,669)
|
| Intangible Lease Liabilities | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Intangible Lease Liabilities | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
|
0
|
| Intangible Lease Liabilities | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
442
|
1,998
|
| Accumulated depreciation and amortization |
0
|
(68)
|
| Net operating real estate investments |
442
|
1,930
|
| Right of use assets | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Right of use assets | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
|
1,464
|
| Right of use assets | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
442
|
534
|
| Construction in Progress |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
23,912
|
21,237
|
| Accumulated depreciation and amortization |
0
|
0
|
| Net operating real estate investments |
23,912
|
21,237
|
| Construction in Progress | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
17
|
0
|
| Construction in Progress | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Construction in Progress | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
19,302
|
19,239
|
| Construction in Progress | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Construction in Progress | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,008
|
74
|
| Construction in Progress | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
2,612
|
731
|
| Construction in Progress | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
973
|
876
|
| Construction in Progress | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
|
317
|
| Construction in Progress | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Furniture, Fixtures, and Equipment |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
7,455
|
10,356
|
| Accumulated depreciation and amortization |
(2,679)
|
(2,908)
|
| Net operating real estate investments |
4,776
|
7,448
|
| Furniture, Fixtures, and Equipment | White Rock Center |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
13
|
13
|
| Furniture, Fixtures, and Equipment | 5916 W Loop 289 |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Furniture, Fixtures, and Equipment | Cityplace Tower |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
379
|
379
|
| Furniture, Fixtures, and Equipment | NexPoint Dominion Land, LLC |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
0
|
0
|
| Furniture, Fixtures, and Equipment | Dallas Hilton Garden Inn |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
1,587
|
1,587
|
| Furniture, Fixtures, and Equipment | St. Petersburg Marriott |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
2,310
|
2,307
|
| Furniture, Fixtures, and Equipment | Hyatt Place Park City |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
3,166
|
3,166
|
| Furniture, Fixtures, and Equipment | Bradenton Hampton Inn & Suites |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
|
2,904
|
| Furniture, Fixtures, and Equipment | HUB Research Triangle Park |
|
|
| Property, Plant and Equipment [Line Items] |
|
|
| Investment in real estate, gross |
$ 0
|
$ 0
|