v3.26.3
Real Estate Portfolio - Schedule of Movement of Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss (Details) - Investments in loans and securities, net - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning Balance $ 2,525,457 [1] $ 1,651,533
Principal fundings 1,158,733 783,604
Payment-in-kind interest 13,543 23,831
Repayments (589,501) (15,897)
Deferred fees (19,536) 0
Change in CECL allowance (102,681) (14,045)
Other (2,005) 3,973
Ending Balance $ 2,984,010 [1] $ 2,432,999
[1] As of September 30, 2026 and December 31, 2025, our Investments in leases - sales-type, Investments in leases - financing receivables, Investments in loans and securities, and Other assets (sales-type sub-leases) are net of allowance for credit losses of $1,282.4 million, $884.9 million, $159.0 million and $29.7 million, respectively, and $919.2 million, $769.9 million, $56.4 million and $23.9 million, respectively. Refer to Note 5 - Allowance for Credit Losses for further details.