v3.26.1
Loans and Investments - Loan Resolution (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
loan
property
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
property
loan
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Bridge loans, total UPB     $ 440,799   $ 384,930
Gain (loss) on real estate $ 64 $ (1,448) (2,073) $ (4,258)  
Loans and investments, gross $ 12,107,031   12,107,031   12,113,107
Loan loss reserves     $ 25,589   $ 128,337
Texas Properties          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Number of foreclosed properties | property 2   3    
Texas Properties | Bridge loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Bridge loans, total UPB $ 42,000   $ 67,000    
Financing receivable, modified during current period, weighted-average interest rate 3.55%   3.44%    
Financing receivable, weighted average deferred rate 0.0058   0.0036    
Gain (loss) on real estate $ 500   $ 500    
Loan loss reserves     $ 1,800    
Texas Properties | Bridge loans | Minimum          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Financing receivable, loan-to-capitalization ratio     81.00%    
Texas Properties | Bridge loans | Maximum          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Financing receivable, loan-to-capitalization ratio     88.00%    
Texas Properties | Bridge loans | New Originations, Three Months Ended          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Financing receivable, after allowance for credit loss 41,300   $ 41,300    
Texas Properties | Bridge loans | New Originations, Six Months Ended          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Financing receivable, after allowance for credit loss 66,100   66,100    
Texas properties, non-performing loans | Bridge loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Bridge loans, total UPB $ 21,100   $ 46,100    
Number of foreclosed properties, non-performing loans | loan 1   2    
Sale of Texas properties | Bridge loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Proceeds from sale of real estate $ 42,500   $ 67,500    
Financing receivable, basis spread on variable rate 0.0250   0.0250    
Financing receivable, weighted average interest rate floor 6.14%   6.14%    
Sale of Texas properties | Bridge loans | New Originations, Three Months Ended          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Loans and investments, gross $ 41,900   $ 41,900    
Sale of Texas properties | Bridge loans | New Originations, Six Months Ended          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Loans and investments, gross $ 66,400   $ 66,400