Employee Benefits And Share-based Compensation, Net Of Management Fees

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Share-Based Compensation Arrangement By Share-Based Payment Award, Conversion Ratio

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Share-Based Compensation Arrangement By Share-Based Payment Award, Target Common Stock Share Price Within Eight Years

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- Definition

Share-Based Compensation Arrangement By Share-Based Payment Award, Target Common Stock Share Price Within Five Years

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- Definition

Share-Based Compensation Arrangement by Share-Based Payment Award, Vesting Condition, Common Stock Premium Percentage

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Share-Based Compensation Arrangement by Share-Based Payment Award, Vesting Condition, Common Stock Price

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- Definition

Share-Based Compensation Arrangement by Share-Based Payment Award, Vesting Condition, Trading Period

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Amount of expense for award under share-based payment arrangement. Excludes amount capitalized.

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Amount of cost not yet recognized for nonvested award under share-based payment arrangement.

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Weighted-average period over which cost not yet recognized is expected to be recognized for award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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Amount of cost to be recognized for nonvested award under share-based payment arrangement. Excludes share and unit options.

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Amount of cash outflow to satisfy grantee's tax withholding obligation for award under share-based payment arrangement.

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Estimated period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition.

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The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

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The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

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The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.

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Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Number of equity instruments other than options outstanding, including both vested and non-vested instruments.

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Number of additional shares authorized for issuance under share-based payment arrangement.

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Number of shares authorized for issuance under share-based payment arrangement.

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The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.

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Percentage of vesting of award under share-based payment arrangement.

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Number of shares used to settle grantee's tax withholding obligation for award under share-based payment arrangement.

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Equity-Based Compensation - Narrative (Details) $ / shares in Units, $ in Thousands					3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 27, 2025 shares	Nov. 30, 2023 $ / shares shares	Nov. 01, 2023 shares	Jan. 18, 2022 $ / shares shares	Jun. 30, 2025 USD ($) shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2025 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) shares	Dec. 31, 2024 $ / shares	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation					$ 209,622	$ 227,542	$ 415,454	$ 455,450
Payment, tax withholding, share-based payment arrangement							181,704	61,539
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense					0		0
Equity-based compensation					0	$ 4,400	400	$ 8,800
Total Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense					$ 714,200		$ 714,200
Vested in period (in shares) \| shares					100,000	100,000	7,500,000	4,100,000
Equity-based compensation					$ 85,400	$ 62,700	$ 172,900	$ 121,400
Vested in period, fair value					$ 3,600	$ 2,200	$ 467,200	$ 161,500
Share-based payment arrangement, shares withheld for tax withholding obligation (in shares) \| shares					44,664	27,943	4,599,206	2,513,255
Payment, tax withholding, share-based payment arrangement					$ 1,600	$ 900	$ 181,700	$ 61,800
Total Restricted Stock Units \| General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation					$ 4,300	900	$ 8,800	$ 1,800
Total Restricted Stock Units \| Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares) \| shares	6,540,183
Number of shares authorized for issuance (in shares) \| shares	36,496,786
Number of shares available for grant (in shares) \| shares					32,814,833		32,814,833
Service Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares							3,500,000	5,300,000
Unrecognized compensation expense					$ 643,100		$ 643,100
Weighted average remaining requisite service period							2 years 10 months 24 days
Granted (in usd per share) \| $ / shares							$ 60.74
Vested in period (in shares) \| shares							7,100,000
Equity-based compensation					74,700	54,900	$ 149,600	$ 110,100
Ordinary Service Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense					382,000		382,000
Equity-based compensation					$ 44,100	21,400	$ 86,900	42,300
Ordinary Service Awards \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period							3 years
Ordinary Service Awards \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period							5 years
Special Purpose Employee Service Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award conversion ratio										1
Special Purpose Employee Service Awards \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period										4 years
Special Purpose Employee Service Awards \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period										6 years
Acquisition Service Awards \| Angelo Gordon
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) \| shares			8,400,000
Award vesting period			5 years
Number of shares outstanding (in shares) \| shares					6,200,000		6,200,000
IPO Service Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period				5 years
Granted (in shares) \| shares				1,100,000
Award service period				5 years
Executive Service Awards \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
Granted (in shares) \| shares		2,600,000
Award service period		4 years
Ordinary Performance Condition Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense					$ 33,000		$ 33,000
Equity-based compensation					4,600	0	$ 6,100	(1,700)
Market Condition Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares							0
Unrecognized compensation expense					38,100		$ 38,100
Weighted average remaining requisite service period							2 years 2 months 12 days
Granted (in usd per share) \| $ / shares							$ 0
Vested in period (in shares) \| shares							200,000
Equity-based compensation					6,100	7,800	$ 17,200	13,000
IPO Market Condition Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares				1,100,000
Vested in period (in shares) \| shares							200,000
IPO Market Condition Awards \| Type I
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award service period				5 years
IPO Market Condition Awards \| Type II
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target common stock share price within five years (in usd per share) \| $ / shares				$ 44.25					$ 44.25
Target common stock share price within eight years (in usd per share) \| $ / shares				$ 59.00
Executive Market Condition Awards \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares		3,900,000
Award service period		5 years
Share-based compensation arrangement by share-based payment award, vesting condition trading period		30 days
Executive Market Condition Awards \| Chief Executive Officer \| Type I
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		25.00%
Executive Market Condition Awards \| Chief Executive Officer \| Type I \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage							20.00%
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) \| $ / shares		$ 52.50
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent		150.00%
Executive Market Condition Awards \| Chief Executive Officer \| Type II
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		25.00%
Executive Market Condition Awards \| Chief Executive Officer \| Type II \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage							20.00%
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) \| $ / shares		$ 58.45
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent		167.00%
Executive Market Condition Awards \| Chief Executive Officer \| Type IV
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		25.00%
Executive Market Condition Awards \| Chief Executive Officer \| Type IV \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) \| $ / shares		$ 70.00
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent		200.00%
Executive Market Condition Awards \| Chief Executive Officer \| Type III
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		25.00%
Executive Market Condition Awards \| Chief Executive Officer \| Type III \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage							20.00%
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) \| $ / shares		$ 64.05
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent		183.00%
Total Common Units and Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense					659,400		$ 659,400
Equity-based compensation					47,700	63,200	100,400	130,700
Acquisition Common Units \| Angelo Gordon
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			5 years
Granted (in shares) \| shares			43,800,000
Total TPH and RPH Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense					545,500		545,500
Equity-based compensation					69,500	86,700	$ 128,200	176,100
TPH Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares							0.0
Unrecognized compensation expense					490,200		$ 490,200
Granted (in usd per share) \| $ / shares							$ 57.90
Vested in period (in shares) \| shares							400,000
Equity-based compensation					61,100	72,600	$ 114,600	147,300
RPH Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares							0
Unrecognized compensation expense					55,300		$ 55,300
Granted (in usd per share) \| $ / shares							$ 0
Vested in period (in shares) \| shares							0
Equity-based compensation					8,400	14,100	$ 13,600	28,800
Other Liability-Classified Awards \| Angelo Gordon
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award service period							5 years
Equity-based compensation					9,900	12,800	$ 19,700	21,900
Unrecognized compensation expense					57,200		$ 57,200
TRTX Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period							4 years
Management fees and compensation and benefits expense					$ 1,500	$ 2,000	$ 2,900	$ 4,500