v3.25.2
Derivatives - Summary of Effect of Derivate Financial Instruments on Condensed Consolidated Statements of Operations and Comprehensive Loss (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Derivative [Line Items]      
Net Unrealized Gain Recognized in Net Income (Loss) [1] $ 62,680 $ (67,466) $ 30,556
Net Realized Gain Recognized in Net Income (Loss) [2] 14,034 26,112 57,176
Gain (Loss) Recognized in Net Income (Loss) (143,018) (334,649) 619,400
Interest Rate Cap | Other (Expense) Income      
Derivative [Line Items]      
Net Unrealized Gain Recognized in Net Income (Loss) [2] (212,711) (305,693) 498,696
Net Realized Gain Recognized in Net Income (Loss) [2] 1,831 26,778  
Interest Rate Swap | Other (Expense) Income      
Derivative [Line Items]      
Net Unrealized Gain Recognized in Net Income (Loss) [2] (9,031) (26,468) $ 32,972
Net Realized Gain Recognized in Net Income (Loss) [2] $ 179 $ 12,088  
[1] A portion of this amount is included in Income from investments in real estate debt, net and the remaining amount is included in Other (expense) income, net in the Company’s Consolidated Statements of Operations and Comprehensive Loss.
[2] Included in Other (expense) income, net in the Company’s Consolidated Statements of Operations and Comprehensive Loss.