Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangibles Assets

The following table summarizes our intangible assets, which are comprised of servicing rights intangibles and lease intangibles, as of March 31, 2024 and December 31, 2023 (amounts in thousands):

	As of March 31, 2024						As of December 31, 2023
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Domestic servicing rights, at fair value	$	19,612	$	—	$	19,612	$	19,384	$	—	$	19,384
In-place lease intangible assets	96,158		(68,896)		27,262		96,158		(67,420)		28,738
Favorable lease intangible assets	27,928		(11,535)		16,393		27,928		(11,083)		16,845
Total net intangible assets	$	143,698	$	(80,431)	$	63,267	$	143,470	$	(78,503)	$	64,967

Schedule of Activity within Intangible Assets

The following table summarizes the activity within intangible assets for the three months ended March 31, 2024 (amounts in thousands):

	Domestic Servicing Rights		In-place Lease Intangible Assets		Favorable Lease Intangible Assets		Total
Balance as of January 1, 2024	$	19,384	$	28,738	$	16,845	$	64,967
Amortization	—		(1,476)		(452)		(1,928)
Changes in fair value due to changes in inputs and assumptions	228		—		—		228
Balance as of March 31, 2024	$	19,612	$	27,262	$	16,393	$	63,267

Schedule of Future Amortization Expense

The following table sets forth the estimated aggregate amortization of our in-place lease intangible assets and favorable lease intangible assets for the next five years and thereafter (amounts in thousands):

2024 (remainder of)	$	5,267
2025	6,099
2026	4,573
2027	4,089
2028	3,943
Thereafter	19,684
Total	$	43,655