v3.26.3
Real Estate Owned - Schedule of Real Estate Owned Assets and Liabilities (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Asset Acquisition [Line Items]          
Interest expense $ 55,655 $ 48,818 $ 154,504 $ 137,485  
Accrued interest payable [1] 6,441   6,441   $ 6,751
Office Property          
Asset Acquisition [Line Items]          
Cash     20,784   18,018
Real estate owned - Building and building improvements     200,058   172,724
Real estate owned - Land and land improvements     62,618   54,845
Real estate owned - Tenant improvements     10,520   9,113
Real estate owned     273,196   236,682
Accumulated depreciation     (17,983)   (12,296)
Real estate owned, net     255,213   224,386
In-place lease intangibles, net     8,913   10,687
Above-market lease intangibles, net     1,368   1,685
Leasing commissions, net     2,536   2,748
Other assets, net     10,829   9,555
Total assets     299,643   267,079
Mortgage loans payable, net     59,950   30,838
Below-market lease intangibles, net     1,345   1,763
Other liabilities     6,794   8,453
Total liabilities     68,089   41,054
Cash escrowed 2,400   2,400   3,700
Interest expense 600 $ 600 1,900 $ 1,900  
Accrued interest payable $ 200   $ 200   $ 200
[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.