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Investment in Unconsolidated Real Estate Entities - Schedule of Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Equity Method Investment, Summarized Financial Information, Income Statement        
TOTAL REVENUES $ 186,617 $ 200,393 $ 575,078 $ 632,416
Net loss (144,086) (107,013) (312,124) (207,925)
VIE, not primary beneficiary        
Equity Method Investment, Summarized Financial Information, Income Statement        
TOTAL REVENUES 17,511 17,010 49,777 56,075
TOTAL EXPENSES 20,984 32,358 60,142 86,054
Net loss $ (3,473) $ (15,348) $ (10,365) $ (29,979)