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Loans Receivable Loans Receivable (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Loans Receivable
At December 31, 2024 and 2023, loans receivable were as follows:
As of December 31,
(In thousands)20242023
Amortized cost (net of allowance for expected credit losses):
Real estate loans$402,382 $200,381 
Commercial loans3,071 890 
Total$405,453 $201,271 
Fair value:
Real estate loans$402,177 $197,354 
Commercial loans3,071 890 
Total$405,248 $198,244 
Financing Receivable, Allowance for Credit Loss
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the years ended December 31, 2024 and 2023:
20242023
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$2,983 $21 $3,004 $1,100 $691 $1,791 
Reduction due to write-offs— — — — (569)(569)
Change in allowance for expected credit losses(1,895)(1,890)1,883 (101)1,782 
Allowance for expected credit losses, end of period$1,088 $26 $1,114 $2,983 $21 $3,004