v3.26.1
Debt - Schedule of Debt (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2025
extension
Jun. 30, 2026
USD ($)
property
extension
Feb. 19, 2026
USD ($)
Dec. 31, 2025
USD ($)
Apr. 30, 2025
Debt Instrument [Line Items]          
Principal amount   $ 2,756,870   $ 2,476,490  
Carrying value   $ 2,745,679   2,469,240  
Number of properties deconsolidated | property   3      
Securitization bonds payable, net          
Debt Instrument [Line Items]          
Principal amount   $ 1,417,112   982,090  
Carrying value   1,407,850   977,082  
Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Principal amount   413,533   416,302  
Carrying value   411,604   414,060  
Credit facilities          
Debt Instrument [Line Items]          
Principal amount   926,225   1,078,098  
Carrying value   $ 926,225   1,078,098  
Credit facilities | Minimum          
Debt Instrument [Line Items]          
Initial debt term (in years)   1 year      
Credit facilities | Maximum          
Debt Instrument [Line Items]          
Initial debt term (in years)   5 years      
Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 2,350,000      
Principal amount   856,225   1,078,098  
Carrying value   $ 856,225   1,078,098  
Investment grade notes | Securitization bonds payable, net | BRSP 2026-FL3          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   1.69%      
Principal amount   $ 833,237   0  
Carrying value   $ 827,804   0  
Investment grade notes | Securitization bonds payable, net | BRSP 2024-FL2          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   2.47%      
Principal amount   $ 583,875   583,875  
Carrying value   580,046   578,879  
Investment grade notes | Securitization bonds payable, net | BRSP 2021-FL 1          
Debt Instrument [Line Items]          
Principal amount   0   398,215  
Carrying value   $ 0   398,203  
Debt instrument, repurchase amount     $ 310,700    
Net lease 1 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.77%      
Principal amount   $ 200,000   200,000  
Carrying value   $ 199,122   199,068  
Net lease 3 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.08%      
Principal amount   $ 27,585   27,958  
Carrying value   $ 27,576   27,928  
Net lease 4 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.45%      
Principal amount   $ 20,398   20,730  
Carrying value   $ 20,398   20,730  
Net lease 5 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.45%      
Principal amount   $ 15,993   16,222  
Carrying value   $ 15,959   16,153  
Number of properties | property   2      
Number of properties with interest only payments (in properties) | property   1      
Number of properties deconsolidated | property   1      
Net lease 5 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   7.25%     7.25%
Principal amount   $ 10,700   10,800  
Carrying value   $ 10,263   10,362  
Number of properties | property   3      
Net lease 6 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.45%      
Principal amount   $ 6,354   6,445  
Carrying value   $ 6,341   6,418  
Net lease 8 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.45%      
Principal amount   $ 2,945   2,987  
Carrying value   $ 2,937   2,975  
Other real estate 1 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.47%      
Principal amount   $ 95,967   97,082  
Carrying value   $ 95,417   96,348  
Debt term extension available (in years)   1 year      
Loan 1 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   5.50%      
Principal amount   $ 33,591   34,078  
Carrying value   33,591   34,078  
Initial debt term (in years) 2 years        
Debt term extension available (in years) 1 year        
Number of optional extensions to initial maturity date | extension 1        
Bank credit facility | Credit facilities | Bank credit facility          
Debt Instrument [Line Items]          
Capacity   $ 120,000      
Interest rate margin (in percentage)   2.25%      
Principal amount   $ 70,000   0  
Carrying value   70,000   0  
Bank 1 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 600,000      
Interest rate margin (in percentage)   2.26%      
Principal amount   $ 309,227   433,642  
Carrying value   $ 309,227   433,642  
Percent of recourse of the financed amount   25.00%      
Bank 2 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 600,000      
Principal amount   0   135,550  
Carrying value   $ 0   135,550  
Debt term extension available (in years)   1 year      
Number of optional extensions to initial maturity date | extension   2      
Bank 2 | Credit facilities | Master repurchase facilities | Minimum          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   1.30%      
Bank 2 | Credit facilities | Master repurchase facilities | Maximum          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   2.75%      
Bank 3 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 500,000      
Interest rate margin (in percentage)   1.74%      
Principal amount   $ 230,839   427,899  
Carrying value   $ 230,839   427,899  
Debt term extension available (in years)   1 year      
Number of optional extensions to initial maturity date | extension   2      
Borrowing capacity, increase to maximum available principal amount       500,000  
Bank 3 | Credit facilities | Master repurchase facilities | Minimum          
Debt Instrument [Line Items]          
Percent of recourse of the financed amount   25.00%      
Bank 3 | Credit facilities | Master repurchase facilities | Maximum          
Debt Instrument [Line Items]          
Percent of recourse of the financed amount   50.00%      
Bank 4 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 400,000      
Interest rate margin (in percentage)   1.49%      
Principal amount   $ 175,143   81,007  
Carrying value   $ 175,143   81,007  
Debt term extension available (in years)   1 year      
Number of optional extensions to initial maturity date | extension   3      
Bank 5 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 250,000      
Interest rate margin (in percentage)   2.00%      
Principal amount   $ 141,016   0  
Carrying value   $ 141,016   $ 0  
Debt term extension available (in years)   1 year      
Number of optional extensions to initial maturity date | extension   2