v3.26.3
Net Investment in Sales-type Leases and Ground Lease Receivables - Schedule of Net Investment in Leases (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
USD ($)
lease
Sep. 30, 2025
USD ($)
Net Investment in Sales-type Leases    
Net Investment in Sales-type Leases, Beginning Balance $ 3,563,675 [1] $ 3,454,953
Net Investment in Sales-type Leases, Origination/acquisition/fundings 118,650 25,770
Net Investment in Sales-type Leases, Accretion 51,276 48,697
Net Investment in Sales-type Leases, (Provision for) recovery of credit losses (1,295) (2,145)
Net Investment in Sales-type Leases, Ending Balance 3,732,306 [1] 3,527,275
Ground Lease Receivables    
Ground Lease Receivables, Beginning balance 2,003,931 [1] 1,833,398
Ground Lease Receivables, Origination/acquisition/fundings 173,401 103,303
Ground Lease Receivables, Accretion 29,773 26,646
Ground Lease Receivable, (Provision for) recovery of credit losses (723) (2,328)
Ground Lease Receivables, Ending balance 2,206,382 [1] 1,961,019
Total    
Beginning balance 5,567,606 5,288,351
Origination/acquisition/fundings 292,051 129,073
Accretion 81,049 75,343
(Provision for) recovery of credit losses (2,018) (4,473)
Ending balance $ 5,938,688 $ 5,488,294
Weighted average accrual rate for net investment in sales-type leases 5.40%  
Weighted average accrual rate for net investment in ground lease receivables 5.80%  
Ground lease receivables | lease 61  
Ground leases term 95 years 9 months 18 days  
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).