v3.26.1
Properties (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Properties Held-for-Investment
The table below summarizes our properties held-for-investment as of June 30, 2026 and December 31, 2025 (dollars in thousands):
Depreciable LifeJune 30, 2026December 31, 2025
Property Segment
Land and land improvements
0 - 15 years
$832,555 $769,318 
Buildings and building improvements
0 - 40 years
2,199,306 1,978,498 
Construction in progress
N/A
163,539 138,069 
Furniture & fixtures
3 - 5 years
1,456 1,451 
Investing and Servicing Segment
Land and land improvements
0 - 15 years
11,916 16,567 
Buildings and building improvements
3 - 33 years
45,762 49,719 
Furniture & fixtures
1 - 5 years
2,344 2,328 
Commercial and Residential Lending Segment
Land and land improvements
0 - 13 years
184,276 143,090 
Buildings and building improvements
30 - 50 years
616,246 356,440 
Construction in progress
N/A
238,145 245,794 
Furniture & fixtures
5 - 7 years
12,323 2,003 
Properties, cost4,307,868 3,703,277 
Less: accumulated depreciation(309,199)(254,625)
Properties, net$3,998,669 $3,448,652