v3.26.3
Summary of Significant Accounting Policies - Schedule of Quantitative Inputs and Assumptions Used for Items Categorized in Level 3 of Fair Value Hierarchy (Details)
$ in Thousands
Sep. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments in real estate debt, at fair value $ 4,460,338 $ 4,133,770
Investments in unconsolidated entities 3,724,022 3,843,300
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments in real estate debt, at fair value 560,639 754,693
Investments in unconsolidated entities 3,724,022 3,843,300
Level 3 | Yield method | Investments in Real Estate Debt, at Fair Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments in real estate debt, at fair value $ 540,639 $ 754,693
Investments in real estate loans unobservable inputs 0.089 0.090
Level 3 | Cost | Investments in Real Estate Debt, at Fair Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments in real estate debt, at fair value $ 20,000  
Level 3 | Discounted Cash Flow | Investments in Unconsolidated Entities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments in unconsolidated entities $ 3,724,022 $ 3,843,300
Level 3 | Discounted Cash Flow | Weighted average cost of capital | Investments in Unconsolidated Entities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments in unconsolidated entities unobservable inputs 0.086 0.090
Level 3 | Discounted Cash Flow | Exit capitalization rate | Investments in Unconsolidated Entities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments in unconsolidated entities unobservable inputs 0.055 0.055