v3.25.2
Assets and Liabilities Measured at Fair Value on a Recurring Basis - Schedule of fair value assets and liabilities measured on recurring basis using unobservable inputs (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total realized and unrealized (losses) gains included in changes in net assets $ 10.2 $ (524.6) $ 36.5 $ (1,300.0)
Real Estate Properties        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 15,546.3 17,362.6 15,607.0 18,020.3
Total realized and unrealized (losses) gains included in changes in net assets 18.6 (403.2) (57.6) (984.6)
Purchases 392.6 63.1 578.9 145.3
Sales (506.5) (407.6) (677.3) (566.1)
Settlements 0.0 0.0 0.0 0.0
Ending balance 15,451.0 16,614.9 15,451.0 16,614.9
Real Estate Joint Ventures        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 5,234.5 5,748.8 5,381.4 5,881.2
Total realized and unrealized (losses) gains included in changes in net assets (59.1) (107.9) 31.5 (302.4)
Purchases 47.6 153.9 91.3 226.0
Sales 0.0 0.0 0.0 0.0
Settlements (2.2) (0.4) (283.4) (10.4)
Ending balance 5,220.8 5,794.4 5,220.8 5,794.4
Real Estate Operating Business        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1,058.8 743.3 931.8 685.9
Total realized and unrealized (losses) gains included in changes in net assets (27.8) (12.8) (28.0) 43.2
Purchases 2.1 0.0 129.3 1.4
Sales 0.0 0.0 0.0 0.0
Settlements 0.0 0.0 0.0 0.0
Ending balance 1,033.1 730.5 1,033.1 730.5
Loans Receivable        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 852.6 1,093.6 877.8 1,183.7
Total realized and unrealized (losses) gains included in changes in net assets (7.4) (19.2) (6.6) (113.8)
Purchases 4.2 3.4 6.3 9.3
Sales 0.0 0.0 0.0 0.0
Settlements (0.3) (0.5) (28.4) (1.9)
Ending balance 849.1 1,077.3 849.1 1,077.3
Total Level 3 Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 22,692.2 24,948.3 22,798.0 25,771.1
Total realized and unrealized (losses) gains included in changes in net assets (75.7) (543.1) (60.7) (1,357.6)
Purchases 446.5 220.4 805.8 382.0
Sales (506.5) (407.6) (677.3) (566.1)
Settlements (2.5) (0.9) (311.8) (12.3)
Ending balance 22,554.0 24,217.1 22,554.0 24,217.1
Loans Payable        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (1,355.8) (1,870.1) (1,585.5) (1,862.5)
Total realized and unrealized (losses) gains included in changes in net assets 60.7 (9.1) 65.0 (17.9)
Purchases 0.0 (1.0) 0.0 (2.5)
Sales 0.0 0.0 0.0 0.0
Settlements 361.8 172.9 587.2 175.6
Ending balance (933.3) (1,707.3) (933.3) (1,707.3)
Line of Credit        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 0.0 (316.0) 0.0 (463.0)
Total realized and unrealized (losses) gains included in changes in net assets 0.0 0.0 0.0 0.0
Purchases (219.0) (90.0) (219.0) (121.0)
Sales 0.0 0.0 0.0 0.0
Settlements 0.0 253.0 0.0 431.0
Ending balance $ (219.0) $ (153.0) $ (219.0) $ (153.0)