Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	For the Years Ended
	December 31, 2024		December 31, 2023		December 31, 2022
	(dollars in thousands)
Current Tax Expense (Benefit)
Federal	$	771	$	—	$	133
State and local	240		28		115
Total current income tax expense (benefit)	$	1,011	$	28	$	248
Deferred Tax Expense (Benefit)
Federal	$	12,468	$	34,480	$	39,658
State and local	1,781		4,926		5,665
Total deferred income tax expense (benefit)	$	14,249	$	39,406	$	45,323
Total income tax expense (benefit)	$	15,260	$	39,434	$	45,571

Schedule of Effective Income Tax Rate Reconciliation

The difference between the Company's reported income tax provision and the U.S. federal statutory rate of 21.0% and state income tax rates is as follows:

	For the Years Ended
	December 31, 2024		December 31, 2023		December 31, 2022
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%
Non-taxable REIT income	(22.5	%)	(25.2	%)	(21.0	%)
State and local taxes	3.0	%	3.0	%	3.0	%
VIE and Other	—	%	(1.3	%)	(0.3	%)
Change in valuation allowance	—	%	—	%	—	%
Total provision	1.5	%	(2.5	%)	2.6	%