v3.26.3
Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Schedule of Statement of Operations of Variable Interest Entities (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Variable Interest Entity [Line Items]        
Interest expense $ 132,437 $ 124,047 $ 380,275 $ 325,137
Total net interest income 48,797 36,586 147,417 106,131
Expenses related to real estate 16,019 22,982 49,494 69,523
Total net loss from real estate (2,761) (3,878) (7,651) (9,126)
Unrealized (losses) gains, net (471,875) 54,852 (542,942) 197,670
Gains on derivative instruments, net 298,961 (13,006) 435,565 (86,774)
Impairment of real estate (98) (1,619) (2,489) (9,437)
Other income 3,183 1,479 57,754 5,644
Total other (loss) income (168,232) 48,604 (42,127) 71,292
NET (LOSS) INCOME (162,130) 39,785 (22,512) 81,291
Net loss attributable to non-controlling interest in Consolidated VIEs 2,996 5,035 (32,840) 14,231
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY (159,134) 44,820 (55,352) 95,522
VIE, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Net loss attributable to non-controlling interest in Consolidated VIEs 2,849 4,241 (14,535) 11,966
VIE, Primary Beneficiary | Financing And Other VIEs        
Variable Interest Entity [Line Items]        
Interest income 13,272 14,306 40,758 36,936
Interest expense 10,705 11,199 32,790 26,592
Total net interest income 2,567 3,107 7,968 10,344
Income from real estate 11,027 17,123 35,507 53,999
Expenses related to real estate 13,456 19,943 41,622 60,631
Total net loss from real estate (2,429) (2,820) (6,115) (6,632)
Realized losses, net     (106) 0
Unrealized (losses) gains, net (11,638) 2,440 (13,593) 11,225
Gains on derivative instruments, net 148 8 479 54
Impairment of real estate     0 (7,180)
Other income 37 138 51,719 141
Total other (loss) income (11,453) 2,586 38,499 4,240
NET (LOSS) INCOME (11,315) 2,873 40,352 7,952
Net loss attributable to non-controlling interest in Consolidated VIEs 2,996 5,035 (32,840) 14,231
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY (8,319) 7,908 7,512 22,183
VIE, Primary Beneficiary | Consolidated SLST        
Variable Interest Entity [Line Items]        
Interest income 13,272 14,306 40,758 36,936
Interest expense 10,705 11,199 32,790 26,592
Total net interest income 2,567 3,107 7,968 10,344
Income from real estate 0 0 0 0
Expenses related to real estate 0 0 0 0
Total net loss from real estate 0 0 0 0
Realized losses, net     (106) 0
Unrealized (losses) gains, net (11,638) 2,440 (13,593) 11,225
Gains on derivative instruments, net 0 0 0 0
Impairment of real estate     0 0
Other income 0 0 0 0
Total other (loss) income (11,638) 2,440 (13,699) 11,225
NET (LOSS) INCOME (9,071) 5,547 (5,731) 21,569
Net loss attributable to non-controlling interest in Consolidated VIEs 0 0 0 0
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY (9,071) 5,547 (5,731) 21,569
VIE, Primary Beneficiary | Consolidated Real Estate        
Variable Interest Entity [Line Items]        
Interest income 0 0 0 0
Interest expense 0 0 0 0
Total net interest income 0 0 0 0
Income from real estate 11,027 17,123 35,507 53,999
Expenses related to real estate 13,456 19,943 41,622 60,631
Total net loss from real estate (2,429) (2,820) (6,115) (6,632)
Realized losses, net     0 0
Unrealized (losses) gains, net 0 0 0 0
Gains on derivative instruments, net 148 8 479 54
Impairment of real estate     0 (7,180)
Other income 37 138 51,719 141
Total other (loss) income 185 146 52,198 (6,985)
NET (LOSS) INCOME (2,244) (2,674) 46,083 (13,617)
Net loss attributable to non-controlling interest in Consolidated VIEs 2,996 5,035 (32,840) 14,231
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY $ 752 $ 2,361 $ 13,243 $ 614