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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 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain $ (158,145) $ (820,922) $ (768,186) $ (553,398)
Unrealized loss on derivatives (21,378) (210,629) (176,221) (105,330)
Total (179,523) (1,031,551) (944,407) (658,728)
Gain reclassified to earnings 30,700   91,300  
Interest rate swaps – property debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain (156,246) (787,930) (734,952) (519,510)
Unrealized loss on derivatives (21,378) (210,629) (176,221) (105,330)
Interest rate caps – property debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain (5,142) (8,867) (17,938) (25,840)
Realized gain (loss) 1,242 0 1,224 542
Interest rate swaps – secured financings of investments in real estate debt        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain 877 (18,415) (6,362) (7,842)
Foreign currency forward contract        
Derivative Instruments, Gain (Loss) [Line Items]        
Unrealized (loss) gain 2,637 (2,479) (3,865) 1,683
Realized gain (loss) $ (1,513) $ (3,231) $ (6,293) $ (2,431)