v3.26.1
Properties (Tables)
 3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Properties Held-for-Investment
The table below summarizes our properties held-for-investment as of March 31, 2026 and December 31, 2025 (dollars in thousands):
Depreciable LifeMarch 31, 2026December 31, 2025
Property Segment
Land and land improvements
0 - 15 years
$791,518 $769,318 
Buildings and building improvements
0 - 40 years
2,073,466 1,978,498 
Construction in progress
N/A
147,599 138,069 
Furniture & fixtures
3 - 5 years
1,455 1,451 
Investing and Servicing Segment
Land and land improvements
0 - 15 years
16,567 16,567 
Buildings and building improvements
3 - 33 years
49,898 49,719 
Furniture & fixtures
1 - 5 years
2,328 2,328 
Commercial and Residential Lending Segment
Land and land improvements
0 - 13 years
184,276 143,090 
Buildings and building improvements
30 - 50 years
613,395 356,440 
Construction in progress
N/A
246,914 245,794 
Furniture & fixtures
5 - 7 years
12,323 2,003 
Properties, cost4,139,739 3,703,277 
Less: accumulated depreciation(280,605)(254,625)
Properties, net$3,859,134 $3,448,652