v3.26.1
Restricted Cash, Other Assets and Accrued and Other Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Summary of Restricted Cash
The following table presents a summary of restricted cash as of June 30, 2026, and December 31, 2025 (dollars in thousands):
June 30, 2026December 31, 2025
Restricted cash:
Borrower escrow deposits$76,262 $82,511 
Capital expenditure reserves8,597 7,668 
Real estate escrow reserves7,379 8,288 
Working capital and other reserves6,951 6,637 
Tenant lockboxes2,374 1,942 
Total$101,563 $107,046 
Summary of Other Assets
The following table presents a summary of other assets as of June 30, 2026, and December 31, 2025 (dollars in thousands):
June 30, 2026December 31, 2025
Other assets:
Right-of-use lease asset$12,476 $19,833 
Deferred financing costs, net - credit facilities6,877 5,716 
Prepaid expenses and other5,891 7,154 
Tax receivable and deferred tax assets1,880 12,247 
Investments in unconsolidated ventures at fair value1,423 2,115 
Total$28,547 $47,065 
Summary of Other Liabilities
The following table presents a summary of accrued and other liabilities as of June 30, 2026 and December 31, 2025 (dollars in thousands):
June 30, 2026December 31, 2025
Accrued and other liabilities:
Accounts payable, accrued expenses and other liabilities$24,826 $25,962 
Operating lease liability12,913 20,703 
Prepaid rent and unearned revenue9,002 9,664 
Interest payable 6,119 6,239 
Unfunded CECL loan allowance1,037 669 
Tenant security deposits630 861 
Total$54,527 $64,098