v3.26.1
Net Investment in Sales-type Leases and Ground Lease Receivables - Ground Lease Receivable by Year of Origination (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Sales-type leases    
Current Year $ 54,369 $ 44,561
One Year Prior 68,169 150,889
Two Years Prior 152,975 73,751
Three Years Prior 74,509 704,299
Four Years Prior 710,428 1,243,115
Five Years Prior and Earlier 2,625,254 1,357,810
Net investment in sales-type leases 3,685,704 3,574,425
Ground Lease receivables    
Current Year 67,458 96,937
One Year Prior 110,412 128,497
Two Years Prior 130,212 44,840
Three Years Prior 45,300 798,444
Four Years Prior 805,852 284,634
Five Years Prior and Earlier 976,899 655,451
Total 2,136,133 2,008,803
Stabilized properties    
Sales-type leases    
Current Year   22,955
One Year Prior 23,209 36,488
Two Years Prior 36,874 51,253
Three Years Prior 51,792 665,105
Four Years Prior 670,879 1,119,446
Five Years Prior and Earlier 2,471,669 1,329,290
Net investment in sales-type leases 3,254,423 3,224,537
Ground Lease receivables    
Current Year 29,462 38,076
One Year Prior 38,453  
Two Years Prior   19,950
Three Years Prior 20,167 158,930
Four Years Prior 160,460 204,531
Five Years Prior and Earlier 896,052 655,451
Total 1,144,594 1,076,938
Development properties    
Sales-type leases    
Current Year 54,369 21,606
One Year Prior 44,960 114,401
Two Years Prior 116,101 22,498
Three Years Prior 22,717 39,194
Four Years Prior 39,549 123,669
Five Years Prior and Earlier 153,585 28,520
Net investment in sales-type leases 431,281 349,888
Ground Lease receivables    
Current Year 37,996 58,861
One Year Prior 71,959 128,497
Two Years Prior 130,212 24,890
Three Years Prior 25,133 639,514
Four Years Prior 645,392 80,103
Five Years Prior and Earlier 80,847  
Total $ 991,539 $ 931,865