v3.26.3
Real Estate Owned - Additional Information (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 01, 2026
USD ($)
Sep. 30, 2026
USD ($)
property
Sep. 30, 2026
USD ($)
property
Sep. 30, 2025
USD ($)
Aug. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Real Estate Owned [Line Items]                
Number of properties owned | property   7 7          
Real estate owned properties acquired (in properties) | property   1 1          
Carrying value [1]   $ 4,842,420 $ 4,842,420     $ 4,028,519    
Capital expenditures related to real estate owned     7,400 $ 3,200        
Accrued capital expenditures related to real estate owned     $ 238 $ 631        
Weighted average minimum term   10 years 10 years          
Asset Acquisitions 2026                
Real Estate Owned [Line Items]                
Aggregate net assest     $ 29,800          
Aggregate fair value $ 30,136   30,100          
Assumed working capital     $ 300          
Level 3 Inputs | Measurement Input, Discount Rate | Valuation Technique, Discounted Cash Flow                
Real Estate Owned [Line Items]                
Discount rate   0.083 0.083          
Minimum | Level 3 Inputs | Measurement Input, Cap Rate | Terminal Capitalization Rate                
Real Estate Owned [Line Items]                
Discount rate   0.064 0.064          
Senior loans                
Real Estate Owned [Line Items]                
Amortized cost basis of loans by origination, year one   $ 1,273,707 $ 1,273,707     1,771,785    
Amortized cost basis of loans by origination, year three   539,042 539,042     101,712    
Carrying value   4,842,420 4,842,420     4,028,519    
Senior loans | 4                
Real Estate Owned [Line Items]                
Amortized cost basis of loans by origination, year one   0 0     0    
Amortized cost basis of loans by origination, year three   0 $ 0     $ 0    
In-place lease intangibles                
Real Estate Owned [Line Items]                
Weighted average amortization period     10 years 2 months 12 days          
Above-market lease intangibles                
Real Estate Owned [Line Items]                
Weighted average amortization period     6 years 7 months 6 days          
Leasing commissions                
Real Estate Owned [Line Items]                
Weighted average amortization period     7 years 8 months 12 days          
Below-market lease intangibles                
Real Estate Owned [Line Items]                
Weighted average amortization period     6 years 7 months 6 days          
Mortgage loans payable                
Real Estate Owned [Line Items]                
Debt face amount   $ 29,100 $ 29,100       $ 31,200  
Plano, TX | Senior loans                
Real Estate Owned [Line Items]                
Carrying value         $ 29,800      
Plano, TX | Multifamily | Senior loans                
Real Estate Owned [Line Items]                
Amortized cost basis of loans by origination, year one               $ 46,200
Realized loss on conversion $ 13,000              
Plano, TX | Multifamily | Senior loans | 4                
Real Estate Owned [Line Items]                
Amortized cost basis of loans by origination, year three         $ 42,800      
Multifamily Properties                
Real Estate Owned [Line Items]                
Number of properties owned | property   5 5          
Multifamily Properties | Chicago, IL                
Real Estate Owned [Line Items]                
Number of properties owned | property   1 1          
Multifamily Properties | Arlington Heights, IL                
Real Estate Owned [Line Items]                
Number of properties owned | property   1 1          
Multifamily Properties | San Antonio, TX                
Real Estate Owned [Line Items]                
Number of properties owned | property   2 2          
Office Building                
Real Estate Owned [Line Items]                
Number of properties owned | property   2 2          
Office Building | Houston, TX                
Real Estate Owned [Line Items]                
Number of properties owned | property   1 1          
Office Building | Manhattan, NY                
Real Estate Owned [Line Items]                
Number of properties owned | property   1 1          
[1] The Company’s consolidated Total Assets and Total Liabilities as of September 30, 2026 include assets and liabilities of variable interest entities (“VIEs”) of $2.3 billion and $1.9 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2025 include assets and liabilities of VIEs of $3.1 billion and $2.6 billion, respectively. These assets can be used only to satisfy obligations of the VIEs, and creditors of the VIEs have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details.