Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Debt and preferred equity investments, net of discounts and deferred origination fees	$ 14	$ 1,618
Allowance for loan and lease losses	454	13,520
Accumulated Amortization of Deferred Costs	174,617	308,923
Real estate loans held by consolidated securitization vehicles	1,023,877	584,134
Liabilities
Senior obligations of consolidated securitization vehicles	$ 1,023,877	$ 567,487
Equity
Preferred stock, par (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference (in dollars per share)	$ 25.00	$ 25.00
Preferred stock, shares issued (in shares)	9,200,000	9,200,000
Preferred stock, shares outstanding (in shares)	9,200,000	9,200,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	160,000,000	160,000,000
Common stock, shares issued (in shares)	71,159,000	71,097,000
Common stock, shares outstanding (in shares)	71,159,000	71,097,000
Land and land interests	$ 1,699,215	$ 1,357,041
Building and improvements	4,012,305	3,862,224
Building leasehold and improvements	1,448,112	1,388,476
Right-of-use asset - operating leases	864,430	865,639
Accumulated depreciation	2,306,377	2,126,081
Debt fund investments, at fair value	152,958	0
Servicing asset	1,023,877	709,095
Other assets	577,299	610,911
Real estate debt	2,146,049	1,944,635
Lease liabilities	108,183	106,853
Senior obligations	1,023,877	590,131
Other liabilities	392,756	414,153
Subsidiaries
Assets
Debt and preferred equity investments, net of discounts and deferred origination fees	14	1,618
Allowance for loan and lease losses	454	13,520
Accumulated Amortization of Deferred Costs	174,617	308,923
Real estate loans held by consolidated securitization vehicles	1,023,877	584,134
Liabilities
Senior obligations of consolidated securitization vehicles	1,023,877	567,487
Equity
Land and land interests	1,699,215	1,357,041
Building and improvements	4,012,305	3,862,224
Building leasehold and improvements	1,448,112	1,388,476
Right-of-use asset - operating leases	864,430	865,639
Accumulated depreciation	2,306,377	2,126,081
Debt fund investments, at fair value	152,958	0
Servicing asset	1,023,877	709,095
Other assets	577,299	610,911
Real estate debt	2,146,049	1,944,635
Lease liabilities	108,183	106,853
Senior obligations	1,023,877	590,131
Other liabilities	392,756	414,153
Service Corporation
Equity
Land and land interests	185,200	236,700
Building and improvements	207,500	159,100
Building leasehold and improvements	0	0
Right-of-use asset - operating leases	0	0
Accumulated depreciation	6,300	4,100
Debt fund investments, at fair value	153,000	0
Servicing asset	1,023,900	709,100
Other assets	862,500	830,300
Real estate debt	328,600	357,900
Accrued interest payable	900	1,100
Lease liabilities	0	0
Senior obligations	1,023,900	590,100
Other liabilities	$ 287,500	$ 324,800