v3.25.3
Fannie Mae and Other Secured Debt - Narrative (Details)
$ in Thousands
1 Months Ended 9 Months Ended 107 Months Ended
Jun. 30, 2025
USD ($)
derivative
Apr. 30, 2025
USD ($)
derivative
Sep. 30, 2025
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2025
Sep. 30, 2025
derivative
Sep. 30, 2025
instrument
Dec. 31, 2024
USD ($)
instrument
Dec. 22, 2023
USD ($)
Dec. 31, 2022
Line of Credit Facility [Line Items]                    
Total real estate investments, at cost     $ 2,222,120 $ 2,222,120       $ 2,494,797    
Collateral Pledged                    
Line of Credit Facility [Line Items]                    
Total real estate investments, at cost     625,000 625,000            
Interest rate caps | Derivatives not designated as hedging instruments:                    
Line of Credit Facility [Line Items]                    
Number of instruments           6 6 8    
Notional amount     $ 342,780 342,780       $ 369,218    
Interest rate cap         3.50%         3.50%
Number of instruments terminated | derivative   2                
Derivatives terminated in period   $ 21,700                
Interest Rate Cap Maturing November 2026 | Derivatives not designated as hedging instruments:                    
Line of Credit Facility [Line Items]                    
Number of instruments purchased | derivative 3                  
Notional value of derivatives purchased in period $ 133,800                  
Payments for derivatives $ 1,100                  
Derivative, basis spread 3.50%                  
Fannie Mae Secured Debt | Secured Fannie Mae Loan 1 due 2026                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate     2.41%              
Fannie Mae Secured Debt | Secured Fannie Mae Loan 2 due 2026                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate     2.46%              
Unencumbered Properties                    
Line of Credit Facility [Line Items]                    
Total real estate investments, at cost     $ 418,900 418,900            
Fannie Mae Secured Debt | Fannie Mae Secured Debt                    
Line of Credit Facility [Line Items]                    
Payments for escrow deposit       $ 12,100            
Debt service coverage ratio     1.40              
Fannie Mae Secured Debt | OMF Warehouse Facility                    
Line of Credit Facility [Line Items]                    
Maximum borrowing capacity                 $ 50,000