Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 and December 31, 2024 (amounts in thousands):

	As of March 31, 2025						As of December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Domestic servicing rights, at fair value	$	23,143	$	—	$	23,143	$	22,390	$	—	$	22,390
In-place lease intangible assets	93,825		(71,787)		22,038		93,826		(70,569)		23,257
Favorable lease intangible assets	27,798		(13,182)		14,616		27,798		(12,741)		15,057
Total net intangible assets	$	144,766	$	(84,969)	$	59,797	$	144,014	$	(83,310)	$	60,704

Schedule of Activity within Intangible Assets

The following table summarizes the activity within intangible assets for the three months ended March 31, 2025 (amounts in thousands):

	Domestic Servicing Rights		In-place Lease Intangible Assets		Favorable Lease Intangible Assets		Total
Balance as of January 1, 2025	$	22,390	$	23,257	$	15,057	$	60,704
Amortization	—		(1,219)		(441)		(1,660)
Changes in fair value due to changes in inputs and assumptions	753		—		—		753
Balance as of March 31, 2025	$	23,143	$	22,038	$	14,616	$	59,797

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):

2025 (remainder of)	$	4,559
2026	4,489
2027	4,005
2028	3,915
2029	3,764
Thereafter	15,922
Total	$	36,654