INVESTMENTS IN UNCONSOLIDATED JOINT VENTURE PARTNERSHIPS (Tables)

12 Months Ended

Dec. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The following table summarizes our investments in unconsolidated joint venture partnerships as of December 31, 2025 and 2024:

	Number of Joint Venture Partnerships as of		Ownership Percentage as of				Investments in Unconsolidated Joint Venture Partnerships as of
($ in thousands)	December 31, 2025	December 31, 2024	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
Investments in unconsolidated joint venture partnerships, carried at cost:
Credit Lease joint venture partnerships	3	3	50.0	%	50.0	%	$	97,311	$	101,569
Data Center joint venture partnerships	2	2	10.0 - 11.3%		10.0 - 10.2%		76,840		42,663
Real Estate Debt joint venture partnerships (1)	2	2	19.9 - 20.0%		19.9 - 20.0%		187,143		29,678
Total investments in unconsolidated joint venture partnerships, carried at cost							361,294		173,910
Investments in unconsolidated joint venture partnerships, carried at fair value:
Industrial joint venture partnerships (1)	2	1	11.9 - 27.4%		27.4	%	77,703		38,386
Total investments in unconsolidated joint venture partnerships, carried at fair value							77,703		38,386
Total							$	438,997	$	212,296

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(1)Includes joint venture partnerships that invest in assets and properties in Europe.

The following table summarizes income (loss) in unconsolidated joint venture partnerships for the years ended December 31, 2025, 2024 and 2023:

	For the Year Ended December 31,
(in thousands)	2025		2024		2023
Income (loss) from unconsolidated joint venture partnerships, carried at cost:
Equity in income (loss) from unconsolidated joint venture partnerships	$	46,287	$	9,621	$	(3,578)
Total income (loss) from unconsolidated joint venture partnerships, carried at cost	46,287		9,621		(3,578)
Income (loss) from unconsolidated joint venture partnerships, carried at fair value:
Gain on investment	2,097		5,220		—
Foreign currency gain (loss) on investment	3,151		(658)		—
Total income from unconsolidated joint venture partnerships, carried at fair value	5,248		4,562		—
Other foreign currency gain (loss):
Foreign currency (loss) gain on debt held in foreign currencies	(3,104)		327		—
Foreign currency gain on remeasurement of cash and cash equivalents	137		21		—
Total other foreign currency (loss) gain	(2,967)		348		—
Total	$	48,568	$	14,531	$	(3,578)

The following is a summary of certain balance sheet and operating data of our unconsolidated joint venture partnerships:

	As of December 31,
(in thousands)	2025		2024
Investments	$	7,839,166	$	2,416,243
Total assets	7,981,620		2,488,346
Total liabilities	(5,669,738)		(1,559,796)
Total equity	2,311,882		928,550

	For the Year Ended December 31,
(in thousands)	2025		2024		2023
Revenues	$	352,418	$	126,283	$	34,233
Expenses	(31,456)		(20,291)		(19,060)
Other income (expenses)	29,634		(9,200)		(11,850)
Net income	350,596		96,792		3,323