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Segment Reporting - Reportable Operating Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]      
Interest income $ 49,515 $ 48,086  
Interest expense (33,394) (32,211)  
Property operating expense (20,078) (9,966)  
Transaction, investment and servicing expense (832) (629)  
Interest expense on real estate (5,091) (6,565)  
Depreciation and amortization (8,627) (10,552)  
Increase (decrease) of current expected credit loss (1,746) 235  
Compensation and benefits (9,056) (10,429)  
Operating expense (3,095) (3,214)  
Other loss, net (4) (241)  
Income (loss) before income taxes 3,217 3,990  
Income tax expense (94) (282)  
Net income (loss) 3,123 3,708  
Total Assets 3,647,848   $ 3,564,830
Senior and Mezzanine Loans and Preferred Equity      
Segment Reporting Information [Line Items]      
Net income (loss) 14,608 15,846  
Net Leased and Other Real Estate      
Segment Reporting Information [Line Items]      
Net income (loss) (1,118) (701)  
Corporate and Other      
Segment Reporting Information [Line Items]      
Net income (loss) (10,367) (11,437)  
Core      
Segment Reporting Information [Line Items]      
Interest income 49,515 48,086  
Interest expense (33,394) (32,211)  
Property and other income 35,625 29,476  
Property operating expense (20,078) (9,966)  
Transaction, investment and servicing expense (832) (629)  
Interest expense on real estate (5,091) (6,565)  
Depreciation and amortization (8,627) (10,552)  
Increase (decrease) of current expected credit loss (1,746) 235  
Compensation and benefits (9,056) (10,429)  
Operating expense (3,095) (3,214)  
Other loss, net (4) (241)  
Income (loss) before income taxes 3,217 3,990  
Income tax expense (94) (282)  
Net income (loss) 3,123 3,708  
Total Assets 3,647,848   3,564,830
Core | Senior and Mezzanine Loans and Preferred Equity      
Segment Reporting Information [Line Items]      
Interest income 49,515 47,991  
Interest expense (32,574) (31,844)  
Property and other income 60 0  
Property operating expense 0 0  
Transaction, investment and servicing expense (657) (508)  
Interest expense on real estate 0 0  
Depreciation and amortization 0 0  
Increase (decrease) of current expected credit loss (1,746) 235  
Compensation and benefits 0 0  
Operating expense 11 0  
Other loss, net 0 0  
Income (loss) before income taxes 14,609 15,874  
Income tax expense (1) (28)  
Total Assets 2,729,151   2,689,862
Core | Net Leased and Other Real Estate      
Segment Reporting Information [Line Items]      
Interest income 0 28  
Interest expense (12) (67)  
Property and other income 32,692 26,920  
Property operating expense (20,078) (9,966)  
Transaction, investment and servicing expense (30) (36)  
Interest expense on real estate (5,091) (6,565)  
Depreciation and amortization (8,594) (10,520)  
Increase (decrease) of current expected credit loss 0 0  
Compensation and benefits 0 0  
Operating expense (1) 0  
Other loss, net (4) (241)  
Income (loss) before income taxes (1,118) (447)  
Income tax expense 0 (254)  
Total Assets 816,159   800,394
Core | Corporate and Other      
Segment Reporting Information [Line Items]      
Interest income 0 67  
Interest expense (808) (300)  
Property and other income 2,873 2,556  
Property operating expense 0 0  
Transaction, investment and servicing expense (145) (85)  
Interest expense on real estate 0 0  
Depreciation and amortization (33) (32)  
Increase (decrease) of current expected credit loss 0 0  
Compensation and benefits (9,056) (10,429)  
Operating expense (3,105) (3,214)  
Other loss, net 0 0  
Income (loss) before income taxes (10,274) (11,437)  
Income tax expense (93) $ 0  
Total Assets $ 102,538   $ 74,574