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Properties (Tables)
3 Months Ended
Mar. 31, 2025
Real Estate [Abstract]  
Schedule of Properties Held-for-Investment
The table below summarizes our properties held-for-investment as of March 31, 2025 and December 31, 2024 (dollars in thousands):
Depreciable LifeMarch 31, 2025December 31, 2024
Property Segment
Land and land improvements
0 - 15 years
$95,642 $95,642 
Buildings and building improvements
0 - 40 years
636,042 635,636 
Construction in progress
N/A
89,798 89,167 
Furniture & fixtures
3 - 5 years
1,160 1,139 
Investing and Servicing Segment
Land and land improvements
0 - 15 years
23,345 23,345 
Buildings and building improvements
3 - 40 years
69,987 69,582 
Furniture & fixtures
1 - 5 years
3,323 3,251 
Commercial and Residential Lending Segment
Land and land improvements
0 - 13 years
122,079 117,983 
Buildings and building improvements
0 - 50 years
367,463 326,603 
Construction in progress
N/A
222,570 219,868 
Furniture & fixtures
5 years
2,003 2,003 
Properties, cost1,633,412 1,584,219 
Less: accumulated depreciation(220,178)(210,541)
Properties, net$1,413,234 $1,373,678