v3.26.1
Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Mortgage Loans by Property Type and Geographic Distribution (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 8,812,970
General CECL Allowance (38,754) [1],[2]
Carrying value, net $ 8,774,216
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 100.00% [3]
United Kingdom  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 2,603,388
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 29.50% [4]
New York City  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 1,616,025
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 18.30% [4]
Other Europe  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 1,178,074 [5]
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 13.40% [4],[5]
Southeast  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 973,051
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 11.00% [4]
West  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 824,486
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 9.40% [4]
Midwest  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 754,115
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 8.60% [4]
Other  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 863,831 [6]
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 9.80% [4],[6]
Residential  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 2,315,975 [7]
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 26.30% [3],[7]
Office  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 2,064,821
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 23.40% [3]
Hotel  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 1,770,331
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 20.10% [3]
Industrial Property  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 1,026,213
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 11.60% [3]
Data Centers  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 560,699
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 6.40% [3]
Retail  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 323,327
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 3.70% [3]
Mixed Use  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 302,544
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 3.40% [3]
Other  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Carrying Value $ 449,060 [8]
Mortgage loans on real estate, commercial and consumer, percentage of portfolio 5.10% [3],[8]
[1] $5.8 million of the General CECL Allowance for 2025 is excluded from this table because it relates to unfunded commitments and has been recorded as a liability under accounts payable, accrued expenses and other liabilities in our condensed consolidated balance sheets.
[2] $5.8 million of the General CECL Allowance is excluded from this table because it relates to unfunded commitments and has been recorded as a liability under accounts payable, accrued expenses and other liabilities in our condensed consolidated balance sheet.
[3] Percentage of portfolio calculations are made prior to consideration of General CECL Allowance.
[4] Percentage of portfolio calculations are made prior to consideration of General CECL Allowance.
[5] Other Europe includes Germany (7.9%), Sweden (3.0%), Italy (2.2%), and the Netherlands (0.3%).
[6] Other includes Southwest (4.2%), Northeast (3.5%), Mid-Atlantic (1.7%) and Other (0.4%).
[7] Includes multifamily (11.4%), senior housing (7.7%), student housing (5.0%), and residential-for-sale (2.2%).
[8] Other property types include urban predevelopment (2.6%) and pubs (2.5%).