v3.26.3
Restricted Cash, Other Assets and Accrued and Other Liabilities (Tables)
 9 Months Ended
Sep. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Summary of Restricted Cash
The following table presents a summary of restricted cash as of September 30, 2026, and December 31, 2025 (dollars in thousands):
September 30, 2026December 31, 2025
Restricted cash:
Borrower escrow deposits$88,139 $82,511 
Capital expenditure reserves9,915 7,668 
Real estate escrow reserves7,356 8,288 
Working capital and other reserves6,617 6,637 
Tenant lockboxes1,969 1,942 
Total$113,996 $107,046 
Summary of Other Assets
The following table presents a summary of other assets as of September 30, 2026, and December 31, 2025 (dollars in thousands):
September 30, 2026December 31, 2025
Other assets:
Right-of-use lease asset$11,698 $19,833 
Deferred financing costs, net - credit facilities5,518 5,716 
Prepaid expenses and other5,146 7,154 
Tax receivable and deferred tax assets1,889 12,247 
Investments in unconsolidated ventures at fair value1,423 2,115 
Total$25,674 $47,065 
Summary of Other Liabilities
The following table presents a summary of accrued and other liabilities as of September 30, 2026 and December 31, 2025 (dollars in thousands):
September 30, 2026December 31, 2025
Accrued and other liabilities:
Accounts payable, accrued expenses and other liabilities$29,240 $25,962 
Operating lease liability12,121 20,703 
Prepaid rent and unearned revenue5,948 9,664 
Interest payable 5,456 6,239 
Unfunded CECL loan allowance927 669 
Tenant security deposits565 861 
Total$54,257 $64,098