v3.26.1
Investments - Schedule of Gross Investment Activity (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2026
USD ($)
investmentLocation
Jun. 30, 2025
USD ($)
investmentLocation
Dec. 31, 2025
USD ($)
Number of Investment Locations      
Beginning balance | investmentLocation 2,300 2,104  
Acquisitions of and additions to real estate investments | investmentLocation 210 121  
Sales of investments in real estate | investmentLocation (23) (34)  
Investments in loans receivable | investmentLocation 19 4  
Principal collections on and settlements of loans and direct financing lease receivables | investmentLocation (13) (5)  
Ending balance | investmentLocation 2,493 2,190  
Dollar Amount of Investments      
Beginning balance $ 7,166,998 $ 6,029,433  
Acquisitions of and additions to real estate investments 637,326 622,806  
Sales of investments in real estate (66,373) (70,145)  
Provisions for impairment of real estate (18,195) (6,495)  
Investments in loans receivable 93,323 35,489  
Principal collections on and settlements of loans and direct financing lease receivables (34,283) (15,940)  
Change in provision for credit losses (3,257)    
Other (10,444) (2,548)  
Ending balance 7,765,095 6,592,601  
Less: accumulated depreciation and amortization (688,346) (541,388) $ (612,674)
Net investments $ 7,076,749 $ 6,051,213 $ 6,554,324