| Capital Markets Capital Markets revenues are derived from the following activities (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | Investment Sales | | $ | 164,599 | | | $ | 106,623 | | $ | 305,265 | | $ | 199,481 | | | | Fair Value of Expected Net Future Cash Flows from Servicing Recognized at Commitment, Net | | 26,557 | | | 24,747 | | | 55,737 | | | 46,150 | | | | Loan Originations Related Fees and Sales Premiums, Net | | 23,513 | | | 26,946 | | | 48,926 | | | 49,026 | | | | Mortgage Brokerage and Debt Placement | | 44,567 | | | 65,137 | | | 101,765 | | | 102,323 | | | | | Total | | $ | 259,236 | | | $ | 223,453 | | | $ | 511,693 | | | $ | 396,980 | | | |
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