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Real Estate Activity - Schedule of the Real Estate Owned (Details) - USD ($) $ in Thousands | Sep. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Real Estate [Abstract] |  |
Land | $ 104,316 | $ 104,076
Building and improvements | 375,822 | 375,430
Tenant improvements | 20,136 | 16,629
Construction in progress | 198,985 | 140,046
Total cost | 699,259 | 636,181
Less accumulated depreciation | (87,150) | (78,793)
Total real estate | $ 612,109 | $ 557,388

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