Investments in Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2026

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments in Unconsolidated Entities

The table below summarizes our investments in unconsolidated entities as of March 31, 2026 and December 31, 2025 (dollars in thousands):


	Participation / Ownership % (1)	Carrying value as of
		March 31, 2026		December 31, 2025
Equity method investments:
Equity interests in two natural gas power plants	10% - 12%	$	58,379	$	57,537
Equity interest in a retail center in Hawaii	25%	5,588		5,637
Investor entity which owns equity in an online real estate company	50%	5,155		5,142
Various	(2)	—		—
		69,122		68,316
Other equity investments:
Equity interest in a servicing and advisory business	2%	7,462		7,462
Equity interest in a data center business in Ireland	0.54%	7,672		7,672
Investment funds which own equity in a loan servicer and other real estate assets	4% - 6%	695		695
Various	3% - 15%	607		607
		16,436		16,436
		$	85,558	$	84,752

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(1)None of these investments are publicly traded and therefore quoted market prices are not available.

(2)Includes common equity interests ranging from 20% to 70%, received in connection with loan modifications involving preferred equity interests, that currently have no carrying value.