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Debt and Preferred Equity Investments - Schedule of Roll Forward of our Total Allowance for Loan Losses (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Loan loss reserve activity    
Balance at beginning of year $ 454 $ 13,520
Current period provision for loan loss 0 300
Initial allowance for credit losses on loans purchased with credit deterioration ("PCD") 0 99,039
Write-offs of the allowance (154) (40,779)
Current period recoveries 0 (71,626)
Balance at end of period $ 300 $ 454