v3.26.3
Derivatives - Schedule of Effect of Derivative Financial Instruments on Condensed Consolidated Statements of Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized gain (loss) $ 119,757 $ (158,145) $ 75,371 $ (768,186)
Unrealized gain (loss) on derivatives 66,615 (21,378) 117,086 (176,221)
Total 186,372 (179,523) 192,457 (944,407)
Gain reclassified to earnings 19,800   57,700  
Interest rate swaps – property debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized gain (loss) 89,580 (156,246) 37,875 (734,952)
Realized gain (loss)     (1,618) 0
Unrealized gain (loss) on derivatives 66,615 (21,378) 117,086 (176,221)
Interest rate caps – property debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized gain (loss) 7,819 (5,142) 8,966 (17,938)
Realized gain (loss) 0 1,242 0 1,224
Interest rate swaps – secured financings of investments in real estate debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized gain (loss) 22,070 877 28,206 (6,362)
Foreign currency forward contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized gain (loss) 165 2,637 277 (3,865)
Realized gain (loss) 123 (1,513) 1,665 (6,293)
Credit default swap        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized gain (loss) $ 0 $ 0 $ 0 $ 0