v3.26.1
Net Investment in Sales-type Leases and Ground Lease Receivables - Schedule of Net Investment in Leases (Details)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
USD ($)
lease
Jun. 30, 2025
USD ($)
Net Investment in Sales-type Leases    
Net Investment in Sales-type Leases, Beginning Balance $ 3,563,675 [1] $ 3,454,953
Net Investment in Sales-type Leases, Origination/acquisition/fundings 77,182 25,770
Net Investment in Sales-type Leases, Accretion 34,097 32,043
Net Investment in Sales-type Leases, (Provision for) recovery of credit losses (388) (1,509)
Net Investment in Sales-type Leases, Ending Balance 3,674,566 [1] 3,511,257
Ground Lease Receivables    
Ground Lease Receivables, Beginning balance 2,003,931 [1] 1,833,398
Ground Lease Receivables, Origination/acquisition/fundings 107,725 54,948
Ground Lease Receivables, Accretion 19,605 17,463
Ground Lease Receivable, (Provision for) recovery of credit losses (262) (1,926)
Ground Lease Receivables, Ending balance 2,130,999 [1] 1,903,883
Total    
Beginning balance 5,567,606 5,288,351
Origination/acquisition/fundings 184,907 80,718
Accretion 53,702 49,506
(Provision for) recovery of credit losses (650) (3,435)
Ending balance $ 5,805,565 $ 5,415,140
Weighted average accrual rate for net investment in sales-type leases 5.30%  
Weighted average accrual rate for net investment in ground lease receivables 5.80%  
Ground lease receivables | lease 61  
Ground leases term 96 years  
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).