v3.25.4
Equity Investments, at Fair Value - Schedule of Income (Loss) From Investments (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jul. 14, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]        
Unrealized (losses) gains, net   $ 217,395 $ (90,530) $ 97,196
Equity investments        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss)   (776) 7,912 20,462
Equity investments | Single-Family Equity Ownership Interest        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss)   (1,554) 12,481 614
Equity investments | Joint Venture Equity Investments in Multi-Family Properties        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss)   (838) (4,382) (3,291)
Unrealized (losses) gains, net   (800) (4,400) (3,300)
Constructive Loans LLC | Equity investments | Single-Family Equity Ownership Interest        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss)   (1,554) 12,481 614
Unrealized (losses) gains, net $ (4,400)   3,100 (5,200)
GWR Cedars Partners, LLC | Equity investments | Joint Venture Equity Investments in Multi-Family Properties        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss)   39 (1,756) (823)
GWR Gateway Partners, LLC | Equity investments | Joint Venture Equity Investments in Multi-Family Properties        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss)   $ (877) $ (2,626) $ (2,468)