v3.26.3
Debt - Schedule of Debt (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
extension
Sep. 30, 2026
USD ($)
property
extension
Feb. 19, 2026
USD ($)
Dec. 31, 2025
USD ($)
Apr. 30, 2025
Debt Instrument [Line Items]          
Principal amount   $ 2,643,082   $ 2,476,490  
Carrying value   $ 2,633,572   2,469,240  
Number of properties deconsolidated | property   2      
Securitization bonds payable, net          
Debt Instrument [Line Items]          
Principal amount   $ 1,371,022   982,090  
Carrying value   1,362,731   977,082  
Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Principal amount   212,207   416,302  
Carrying value   210,988   414,060  
Credit facilities          
Debt Instrument [Line Items]          
Principal amount   1,059,853   1,078,098  
Carrying value   $ 1,059,853   1,078,098  
Credit facilities | Minimum          
Debt Instrument [Line Items]          
Initial debt term (in years)   1 year      
Credit facilities | Maximum          
Debt Instrument [Line Items]          
Initial debt term (in years)   5 years      
Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 2,350,000      
Principal amount   1,014,853   1,078,098  
Carrying value   $ 1,014,853   1,078,098  
Investment grade notes | Securitization bonds payable, net | BRSP 2026-FL3          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   1.69%      
Principal amount   $ 833,237   0  
Carrying value   $ 828,132   0  
Investment grade notes | Securitization bonds payable, net | BRSP 2024-FL2          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   2.51%      
Principal amount   $ 537,785   583,875  
Carrying value   534,599   578,879  
Investment grade notes | Securitization bonds payable, net | BRSP 2021-FL 1          
Debt Instrument [Line Items]          
Principal amount   0   398,215  
Carrying value   0   398,203  
Debt instrument, repurchase amount     $ 310,700    
Net lease 1 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Principal amount   0   200,000  
Carrying value   $ 0   199,068  
Net lease 3(6) | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.08%      
Principal amount   $ 27,465   27,958  
Carrying value   $ 27,465   27,928  
Accruing interest rate percentage   4.00%      
Net lease 4 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.45%      
Principal amount   $ 20,221   20,730  
Carrying value   $ 20,221   20,730  
Net lease 5 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.45%      
Principal amount   $ 15,878   16,222  
Carrying value   $ 15,857   16,153  
Number of properties | property   2      
Number of properties with interest only payments (in properties) | property   1      
Number of properties deconsolidated | property   2      
Net lease 5 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   7.25%     7.25%
Principal amount   $ 10,651   10,800  
Carrying value   $ 10,214   10,362  
Number of properties | property   3      
Net lease 6 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.45%      
Principal amount   $ 6,308   6,445  
Carrying value   $ 6,302   6,418  
Net lease 8 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.45%      
Principal amount   $ 2,924   2,987  
Carrying value   $ 2,916   2,975  
Other real estate 1 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Contractual Interest Rate   4.47%      
Principal amount   $ 95,413   97,082  
Carrying value   $ 94,666   96,348  
Debt term extension available (in years)   1 year      
Loan 1 | Mortgage and other notes payable, net          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   5.50%      
Principal amount   $ 33,347   34,078  
Carrying value   33,347   34,078  
Initial debt term (in years) 2 years        
Debt term extension available (in years) 1 year        
Number of optional extensions to initial maturity date | extension 1        
Bank credit facility | Credit facilities | Bank credit facility          
Debt Instrument [Line Items]          
Capacity   $ 120,000      
Interest rate margin (in percentage)   2.25%      
Principal amount   $ 45,000   0  
Carrying value   45,000   0  
Bank 1 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 600,000      
Interest rate margin (in percentage)   1.98%      
Principal amount   $ 405,216   433,642  
Carrying value   $ 405,216   433,642  
Percent of recourse of the financed amount   25.00%      
Bank 2 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 600,000      
Principal amount   0   135,550  
Carrying value   $ 0   135,550  
Debt term extension available (in years)   1 year      
Number of optional extensions to initial maturity date | extension   2      
Bank 2 | Credit facilities | Master repurchase facilities | Minimum          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   1.30%      
Bank 2 | Credit facilities | Master repurchase facilities | Maximum          
Debt Instrument [Line Items]          
Interest rate margin (in percentage)   2.75%      
Bank 3 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 500,000      
Interest rate margin (in percentage)   1.74%      
Principal amount   $ 223,793   427,899  
Carrying value   $ 223,793   427,899  
Debt term extension available (in years)   1 year      
Number of optional extensions to initial maturity date | extension   2      
Borrowing capacity, increase to maximum available principal amount       500,000  
Bank 3 | Credit facilities | Master repurchase facilities | Minimum          
Debt Instrument [Line Items]          
Percent of recourse of the financed amount   25.00%      
Bank 3 | Credit facilities | Master repurchase facilities | Maximum          
Debt Instrument [Line Items]          
Percent of recourse of the financed amount   50.00%      
Bank 4 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 400,000      
Interest rate margin (in percentage)   1.45%      
Principal amount   $ 224,752   81,007  
Carrying value   $ 224,752   81,007  
Debt term extension available (in years)   1 year      
Number of optional extensions to initial maturity date | extension   3      
Bank 5 | Credit facilities | Master repurchase facilities          
Debt Instrument [Line Items]          
Capacity   $ 250,000      
Interest rate margin (in percentage)   1.92%      
Principal amount   $ 161,092   0  
Carrying value   $ 161,092   $ 0  
Debt term extension available (in years)   1 year      
Number of optional extensions to initial maturity date | extension   2