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Derivatives - Schedule of Effect of Derivative Financial Instruments on Condensed Consolidated Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain $ (243,204) $ (51,796) $ (610,041) $ 267,523
Unrealized (loss) gain on derivatives (59,388) 3,946 (154,843) 105,299
Total (302,592) (47,850) (764,884) 372,822
Gain reclassified to earnings 30,300   60,600  
Interest rate swaps – property debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain (231,099) (41,792) (578,706) 268,419
Unrealized (loss) gain on derivatives (59,388) 3,946 (154,843) 105,299
Interest rate caps – property debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain (4,353) (6,094) (12,796) (16,972)
Realized gain (loss) 0 31 (18) 542
Interest rate swaps – secured financings of investments in real estate debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain (645) (4,782) (7,239) 10,573
Foreign Currency Contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain (738) 40 (6,502) 4,162
Realized gain (loss) $ (6,369) $ 801 $ (4,780) $ 799