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Loans Receivable, Net - Property Type and Geographic Distribution of Properties Securing Loans in Portfolio (Detail)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2025
USD ($)
loan
Jun. 30, 2025
USD ($)
security_loan
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
loan
Dec. 31, 2024
USD ($)
security_loan
Dec. 31, 2024
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans 144 144   130 130          
Net book value $ 19,706,105 $ 19,706,105 $ 19,706,105 $ 19,047,518 $ 19,047,518 $ 19,047,518        
CECL reserve (740,851) (740,851) (740,851) (733,936) (733,936) (733,936) $ (741,541) $ (893,938) $ (751,370) $ (576,936)
Loans receivable, net 18,965,254 18,965,254 18,965,254 18,313,582 18,313,582 18,313,582        
Net Loan Exposure 18,444,416 18,444,416 18,444,416 17,034,303 17,034,303 17,034,303        
Cost-recovery proceeds 109,200 109,200 109,200 106,700 106,700 106,700        
Loan participations sold 50,000 50,000 50,000 100,064 100,064 100,064        
Asset-specific debt, net                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Principal balance 529,867 529,867 529,867 1,228,110 1,228,110 1,228,110        
Long-term debt 528,224 528,224 528,224 1,224,841 1,224,841 1,224,841        
Junior Loan Participation                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Loan participations sold $ 50,000 50,000 $ 50,000 $ 100,064 100,064 $ 100,064        
Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     100.00%     100.00%        
Subtotal                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 108     100            
Net book value $ 11,207,230 11,207,230 $ 11,207,230 $ 12,430,396 12,430,396 $ 12,430,396        
Net Loan Exposure $ 10,177,896 10,177,896 $ 10,177,896 $ 10,537,164 10,537,164 $ 10,537,164        
Subtotal | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     55.00%     62.00%        
Sunbelt                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 49     44            
Net book value $ 5,008,396 5,008,396 $ 5,008,396 $ 4,520,632 4,520,632 $ 4,520,632        
Net Loan Exposure $ 4,485,034 4,485,034 $ 4,485,034 $ 4,084,242 4,084,242 $ 4,084,242        
Sunbelt | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     24.00%     24.00%        
Northeast                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 23     21            
Net book value $ 2,900,363 2,900,363 $ 2,900,363 $ 4,614,582 4,614,582 $ 4,614,582        
Net Loan Exposure $ 2,630,050 2,630,050 $ 2,630,050 $ 3,452,961 3,452,961 $ 3,452,961        
Northeast | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     14.00%     20.00%        
West                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 23     21            
Net book value $ 1,953,102 1,953,102 $ 1,953,102 $ 1,865,382 1,865,382 $ 1,865,382        
Net Loan Exposure $ 1,861,649 1,861,649 $ 1,861,649 $ 1,746,309 1,746,309 $ 1,746,309        
West | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     10.00%     10.00%        
Midwest                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 9     10            
Net book value $ 866,624 866,624 $ 866,624 $ 997,156 997,156 $ 997,156        
Net Loan Exposure $ 723,593 723,593 $ 723,593 $ 820,858 820,858 $ 820,858        
Midwest | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     4.00%     5.00%        
Northwest                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 4     4            
Net book value $ 478,745 478,745 $ 478,745 $ 432,644 432,644 $ 432,644        
Net Loan Exposure $ 477,570 477,570 $ 477,570 $ 432,794 432,794 $ 432,794        
Northwest | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     3.00%     3.00%        
Subtotal                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 36     30            
Net book value $ 8,498,875 8,498,875 $ 8,498,875 $ 6,617,122 6,617,122 $ 6,617,122        
Net Loan Exposure $ 8,266,520 8,266,520 $ 8,266,520 $ 6,497,139 6,497,139 $ 6,497,139        
Subtotal | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     45.00%     38.00%        
United Kingdom                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 18     16            
Net book value $ 3,658,916 3,658,916 $ 3,658,916 $ 2,916,145 2,916,145 $ 2,916,145        
Net Loan Exposure $ 3,642,741 3,642,741 $ 3,642,741 $ 2,839,096 2,839,096 $ 2,839,096        
United Kingdom | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     20.00%     17.00%        
Ireland                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 3     3            
Net book value $ 1,232,664 1,232,664 $ 1,232,664 $ 1,050,276 1,050,276 $ 1,050,276        
Net Loan Exposure $ 1,228,094 1,228,094 $ 1,228,094 $ 1,048,329 1,048,329 $ 1,048,329        
Ireland | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     7.00%     6.00%        
Australia                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 5     3            
Net book value $ 1,064,406 1,064,406 $ 1,064,406 $ 920,182 920,182 $ 920,182        
Net Loan Exposure $ 1,072,552 1,072,552 $ 1,072,552 $ 923,507 923,507 $ 923,507        
Australia | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     6.00%     5.00%        
Spain                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 2     3            
Net book value $ 747,836 747,836 $ 747,836 $ 785,368 785,368 $ 785,368        
Net Loan Exposure $ 699,814 699,814 $ 699,814 $ 744,287 744,287 $ 744,287        
Spain | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     4.00%     4.00%        
Sweden                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 1     1            
Net book value $ 502,790 502,790 $ 502,790 $ 429,084 429,084 $ 429,084        
Net Loan Exposure $ 502,836 502,836 $ 502,836 $ 429,724 429,724 $ 429,724        
Sweden | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     3.00%     2.00%        
Canada                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 1                  
Net book value $ 459,289 459,289 $ 459,289              
Net Loan Exposure $ 291,680 291,680 $ 291,680              
Canada | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     2.00%              
Other Europe                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 5     3            
Net book value $ 772,115 772,115 $ 772,115 $ 455,417 455,417 $ 455,417        
Net Loan Exposure $ 767,881 767,881 $ 767,881 $ 451,245 451,245 $ 451,245        
Other Europe | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     3.00%     4.00%        
Other International                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 1     1            
Net book value $ 60,859 60,859 $ 60,859 $ 60,650 60,650 $ 60,650        
Net Loan Exposure $ 60,922 60,922 $ 60,922 $ 60,951 60,951 $ 60,951        
Other International | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     0.00%     0.00%        
Office                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 44     41            
Net book value $ 5,855,637 5,855,637 $ 5,855,637 $ 7,386,333 7,386,333 $ 7,386,333        
Net Loan Exposure $ 5,195,591 5,195,591 $ 5,195,591 $ 5,729,418 5,729,418 $ 5,729,418        
Office | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     28.00%     33.00%        
Multifamily                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 52     50            
Net book value $ 5,139,630 5,139,630 $ 5,139,630 $ 5,091,767 5,091,767 $ 5,091,767        
Net Loan Exposure $ 4,958,946 4,958,946 $ 4,958,946 $ 4,934,364 4,934,364 $ 4,934,364        
Multifamily | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     27.00%     29.00%        
Industrial                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 17     11            
Net book value $ 3,425,450 3,425,450 $ 3,425,450 $ 2,030,627 2,030,627 $ 2,030,627        
Net Loan Exposure $ 3,392,611 3,392,611 $ 3,392,611 $ 2,000,831 2,000,831 $ 2,000,831        
Industrial | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     18.00%     12.00%        
Hospitality                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 17     16            
Net book value $ 2,842,904 2,842,904 $ 2,842,904 $ 2,768,374 2,768,374 $ 2,768,374        
Net Loan Exposure $ 2,731,203 2,731,203 $ 2,731,203 $ 2,663,349 2,663,349 $ 2,663,349        
Hospitality | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     15.00%     16.00%        
Retail                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 7     5            
Net book value $ 698,410 698,410 $ 698,410 $ 555,553 555,553 $ 555,553        
Net Loan Exposure $ 673,021 673,021 $ 673,021 $ 532,069 532,069 $ 532,069        
Retail | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     4.00%     3.00%        
Self-storage                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 3                  
Net book value $ 666,400 666,400 $ 666,400              
Net Loan Exposure $ 498,771 498,771 $ 498,771              
Self-storage | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     3.00%              
Life Sciences / Studio                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 3     3            
Net book value $ 341,511 341,511 $ 341,511 $ 342,817 342,817 $ 342,817        
Net Loan Exposure $ 297,484 297,484 $ 297,484 $ 337,687 337,687 $ 337,687        
Life Sciences / Studio | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     1.00%     2.00%        
Other                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of Loans | loan 1     4            
Net book value $ 736,163 736,163 $ 736,163 $ 872,047 872,047 $ 872,047        
Net Loan Exposure $ 696,789 $ 696,789 $ 696,789 $ 836,585 $ 836,585 $ 836,585        
Other | Loan Exposure Risk | Financing Receivables                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Net Loan Exposure Percentage of Portfolio     4.00%     5.00%