Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values of Debt Instruments

The carrying values and fair values of debt instruments are as follows (in thousands):

	September 30, 2024				December 31, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
Recourse debt	$	996,034	$	1,152,113	$	932,369	$	844,727
Senior debt	4,135,861		4,125,315		4,114,134		4,082,994
Subordinated debt	2,638,532		2,573,620		2,219,573		2,131,994
Securitization debt	4,681,732		4,562,296		3,405,852		3,191,542
Total	$	12,452,159	$	12,413,344	$	10,671,928	$	10,251,257

Schedule of Fair Value, Financial Instruments Measured on Recurring Basis

At September 30, 2024 and December 31, 2023, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy, are as follows (in thousands):

	September 30, 2024
	Level 1		Level 2		Level 3		Total
Derivative assets:
Interest rate swaps	$	—	$	78,060	$	—	$	78,060
Total	$	—	$	78,060	$	—	$	78,060
Derivative liabilities:
Interest rate swaps	$	—	$	87,101	$	—	$	87,101
Total	$	—	$	87,101	$	—	$	87,101

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Derivative assets:
Interest rate swaps	$	—	$	132,734	$	—	$	132,734
Total	$	—	$	132,734	$	—	$	132,734
Derivative liabilities:
Interest rate swaps	$	—	$	60,401	$	—	$	60,401
Total	$	—	$	60,401	$	—	$	60,401