v3.26.1
Variable Interest Entities - Assets and Liabilities of Consolidated CLO (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Cash and cash equivalents $ 367,592 $ 499,480
Loans held-for-investment 19,816,968 18,862,712
Investment securities 402,829 301,000
Properties, net 3,998,669 3,448,652
Intangible assets, net 440,974 436,059
Accrued interest receivable 200,816 162,679
Other assets 362,215 362,991
Total Assets 61,046,276 63,183,357
Liabilities    
Securitized financing, net 4,811,511 5,131,453
Total Liabilities 53,862,850 55,693,851
Primary Beneficiary    
Assets:    
Total Assets 86,900  
Primary Beneficiary | Securitized Financing    
Assets:    
Cash and cash equivalents 202,560 251,137
Investment securities 97,000 0
Properties, net 1,665,492 1,570,531
Intangible assets, net 318,893 333,263
Accrued interest receivable 11,866 14,178
Other assets 35,684 34,399
Total Assets 6,412,229 6,739,635
Liabilities    
Accounts payable, accrued expenses and other liabilities 114,294 79,854
Securitized financing, net 4,811,511 5,131,453
Total Liabilities 4,925,805 5,211,307
Primary Beneficiary | Securitized Financing | Loans held for investment    
Assets:    
Loans held-for-investment $ 4,080,734 $ 4,536,127