v3.26.1
Equity Method Investments - Schedule of Equity Method Investments (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Schedule of Equity Method Investments [Line Items]    
Investment Basis $ 23,647 $ 29,157
Share of Investee's Net Assets 12,806 16,546
Basis Difference 10,841 12,611
Share of Earnings (Loss) (873) (1,289)
Fair Value $ 353,387 $ 351,458
Sandstone Pasadena Apartments, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 50.00% 50.00%
Investment Basis $ 7,750 $ 8,114
Share of Investee's Net Assets (9,590) (9,590)
Basis Difference 17,340 17,704
Share of Earnings (Loss) $ (563) $ (1,741)
AM Uptown Hotel, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 60.00% 60.00%
Investment Basis $ (6,940) $ (4,631)
Share of Investee's Net Assets 371 339
Basis Difference (7,311) (4,970)
Share of Earnings (Loss) $ 243 $ 57
Las Vegas Land Owner, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 75.00% 77.00%
Investment Basis $ 10,269 $ 12,324
Share of Investee's Net Assets 10,269 12,324
Basis Difference 0 0
Share of Earnings (Loss) $ (244) $ 3
Perilune Aero Equity Holdings One, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 16.40% 16.40%
Investment Basis $ 12,568 $ 12,650
Share of Investee's Net Assets 11,756 11,756
Basis Difference 812 894
Share of Earnings (Loss) $ (83) $ 100
Capital Acquisitions Partners, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 20.90% 20.90%
Investment Basis $ 0 $ 700
Share of Investee's Net Assets 0 1,717
Basis Difference 0 (1,017)
Share of Earnings (Loss) $ (226) $ 292
Claymore Holdings, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 50.00% 50.00%
Fair Value $ 0 $ 0
NexPoint Real Estate Finance Operating Partnership, L.P.    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 12.90% 12.90%
Fair Value $ 62,261 $ 56,557
NexPoint Real Estate Finance, Inc.    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 15.80% 15.90%
Fair Value $ 45,760 $ 41,568
VineBrook Homes Operating Partnership, L.P.    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 12.00% 12.30%
Fair Value $ 111,015 $ 118,599
NexPoint Storage Partners, Inc.    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 54.50% 53.00%
Fair Value $ 55,441 $ 51,673
NexPoint Storage Partners Operating Company, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 33.70% 33.80%
Fair Value $ 35,946 $ 34,470
NexPoint SFR Operating Partnership, L.P.    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 28.00% 28.00%
Fair Value $ 21,632 $ 28,573
LLV Holdco, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 26.80% 26.80%
Fair Value $ 2,201 $ 1,598
AMS C-Store JV, LLC    
Schedule of Equity Method Investments [Line Items]    
Percentage Ownership 100.00% 100.00%
Fair Value $ 19,131 $ 18,420