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Segment Information - Additional Information (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
segment
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Segment information          
Number of reportable segments | segment     3    
Total revenues $ 229,691 $ 210,186 $ 640,393 $ 701,986  
Net income (loss) (9,264) (21,694) 11,084 (439,279)  
Total assets [1] 10,216,072   10,216,072   $ 9,531,181
Marketing, general and administrative 21,015 22,873 62,360 69,132  
Operating Segments | Real Estate Segment          
Segment information          
Total revenues 183,139 165,428 522,041 591,117  
Net income (loss) (18,326) (20,385) (11,745) (444,904)  
Total assets 8,707,930   8,707,930   8,707,147
Operating Segments | SUMMIT Segment          
Segment information          
Total revenues 36,437 35,069 94,643 83,020  
Net income (loss) (362) (1,897) 11,202 (1,101)  
Total assets 478,288   478,288   464,799
Operating Segments | Debt and Preferred Equity Segment          
Segment information          
Total revenues 10,115 9,689 23,709 27,849  
Net income (loss) 9,424 $ 588 11,627 $ 6,726  
Total assets $ 1,029,854   $ 1,029,854   $ 359,235
[1]
(1) The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $104.1 million and $41.2 million of land, $65.4 million and $40.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $3.2 million and $5.4 million of accumulated depreciation, $713.2 million and $— million of real estate loans held by consolidated securitization vehicles, $776.3 million and $676.9 million of other assets included in other line items, $204.3 million and $50.0 million of real estate debt, net, $0.9 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, $603.9 million and $— million of senior obligations of consolidated securitization vehicles and $308.0 million and $306.5 million of other liabilities included in other line items as of September 30, 2024 and December 31, 2023, respectively.