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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Debt and preferred equity investments, discount and deferred origination fees $ 5 $ 14
Allowance for loan and lease losses, real estate 300 454
Deferred costs accumulated amortization $ 178,841 $ 174,617
Equity    
Preferred stock, par value (in dollars per share) $ 0.01  
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 160,000,000 160,000,000
Common stock, shares issued (in shares) 71,124,000 71,159,000
Common stock, shares outstanding (in shares) 71,124,000 71,159,000
Land and land interests $ 1,848,531 $ 1,699,215
Building and improvements 4,298,249 4,012,305
Building leasehold and improvements 1,465,411 1,448,112
Right-of-use assets - operating leases 909,377 864,430
Real estate investment property, accumulated depreciation 2,321,290 2,306,377
Debt fund investments, at fair value 293,243 152,958
Real estate loans held by consolidated securitization vehicles includes at fair value 1,027,164 1,023,877
Other assets 570,175 577,299
Mortgages and other loans payable, net 2,491,849 2,146,049
Lease liabilities 108,515 108,183
Senior obligations of consolidated securitization vehicles includes at fair value 1,027,164 1,023,877
Other liabilities 241,392 392,756
Service Corporation    
Equity    
Land and land interests 369,900 185,200
Building and improvements 685,500 207,500
Building leasehold and improvements 0 0
Right-of-use assets - operating leases 0 0
Real estate investment property, accumulated depreciation 8,000 6,300
Debt fund investments, at fair value 293,200 153,000
Real estate loans held by consolidated securitization vehicles includes at fair value 1,027,200 1,023,900
Other assets 628,700 862,500
Mortgages and other loans payable, net 856,100 328,600
Accrued interest payable 2,300 900
Lease liabilities 0 0
Senior obligations of consolidated securitization vehicles includes at fair value 1,027,200 1,023,900
Other liabilities $ 230,500 $ 287,500
Series I Preferred Stock    
Equity    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, liquidation preference (in dollars per share) $ 25.00 $ 25.00
Preferred stock, shares issued (in shares) 9,200,000 9,200,000
Preferred stock, shares outstanding (in shares) 9,200,000 9,200,000