v3.26.3
Investments - Schedule of Gross Investment Activity (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2026
USD ($)
investmentLocation
Sep. 30, 2025
USD ($)
investmentLocation
Dec. 31, 2025
USD ($)
Number of Investment Locations      
Beginning balance | investmentLocation 2,300 2,104  
Acquisitions of and additions to real estate investments | investmentLocation 303 199  
Sales of investments in real estate | investmentLocation (34) (41)  
Investments in loans and direct financing lease receivables | investmentLocation 26 13  
Principal collections on and settlements of loans and direct financing lease receivables | investmentLocation (15) (9)  
Ending balance | investmentLocation 2,580 2,266  
Dollar Amount of Investments      
Beginning balance $ 7,166,998 $ 6,029,433  
Acquisitions of and additions to real estate investments 946,249 948,084  
Sales of investments in real estate (83,118) (81,857)  
Provisions for impairment of real estate (33,227) (7,934)  
Investments in loans and direct financing lease receivables 133,770 81,508  
Principal collections on and settlements of loans and direct financing lease receivables (36,431) (30,143)  
Change in provision for credit losses (3,453)    
Other (12,262) (4,656)  
Ending balance 8,078,527 6,934,435  
Less: accumulated depreciation and amortization (730,526) (577,367) $ (612,674)
Net investments $ 7,348,001 $ 6,357,068 $ 6,554,324