XML 87 R76.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value - Narrative (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
USD ($)
loan
property
Jun. 30, 2025
USD ($)
loan
property
Mar. 31, 2025
USD ($)
loan
Dec. 31, 2024
USD ($)
loan
property
Sep. 30, 2024
USD ($)
forwardSwap
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Sep. 30, 2025
USD ($)
loan
property
Sep. 30, 2024
USD ($)
forwardSwap
Dec. 31, 2024
USD ($)
loan
property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Increase of current expected credit loss reserve               $ 8,562,000 $ 115,313,000  
Impairment of operating real estate $ 2,509,000 $ 51,100,000     $ 0     $ 53,636,000 45,216,000  
Number of impaired properties | property 1 2           1    
Number of properties individually evaluated | property               2    
Hotel Loan                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Number of loans on nonaccrual collateral dependent | loan 1                 1
Multifamily                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Number of loans on nonaccrual collateral dependent | loan   1                
Impairment of operating real estate               $ 6,700,000    
Number of legal titles acquired | property       1       1    
Denver, Colorado                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Increase of current expected credit loss reserve                 $ (1,000,000)  
Number of loans on nonaccrual status | loan 1 1   1       1   1
Hotel Loan                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Increase of current expected credit loss reserve $ 17,900,000 $ 1,300,000                
Number of loans on nonaccrual collateral dependent | loan                   1
Multifamily                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Increase of current expected credit loss reserve   18,200,000                
Number of loans on nonaccrual status 1       2     1 2  
Multifamily | Denver, Colorado                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Number of loans on nonaccrual status | loan 2             2    
Multifamily loans                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Increase of current expected credit loss reserve     $ 9,200,000 $ 9,000,000           $ 30,000,000
Number of loans on nonaccrual status | loan 1   1 2       1   2
Number of loans on nonaccrual collateral dependent | loan                   1
Multifamily loans | Denver, Colorado                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Increase of current expected credit loss reserve                   $ 1,000,000
Office loans                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Number of loans on nonaccrual status 1     2 1     1 1 2
Number of loans on nonaccrual collateral dependent | loan                   2
Number of loans on nonaccrual repayment | loan                   1
Number of office properties held for sale | property                   1
Industrial Loan                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Number of loans on nonaccrual status | loan 1             1    
Development Mezzanine Loan                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Number of loans on nonaccrual status       1 1       1 1
Loans held for investment                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Increase of current expected credit loss reserve $ 17,891,000 $ 19,482,000 $ 9,174,000   $ 9,103,000 $ 11,791,000 $ 7,128,000      
Number of loans on nonaccrual status | loan 1             1    
Loans held for investment | Denver, Colorado                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Increase of current expected credit loss reserve               $ 46,500,000 $ (29,000,000)  
Loans held for investment | Long Island City, New York                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Impairment of operating real estate                   $ 47,500,000
Number of properties individually evaluated | property                   3
Other real estate foreclosed assets       $ 6,700,000           $ 6,700,000
Discount Rate | Hotel Loan                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input 0.120 0.105           0.120    
Discount Rate | Multifamily loans                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.060           0.060
Capitalization Rate | Hotel Loan                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input 0.085 0.080           0.085    
Capitalization Rate | Multifamily loans                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.053           0.053
Other assets - PE Investments | Level 3 | Recurring basis | Discount Rate                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input 0.110             0.110    
Minimum | Discount Rate                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input 0.100     0.095       0.100   0.095
Minimum | Discount Rate | Loans held for investment                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.081           0.081
Minimum | Capitalization Rate                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input 0.055     0.080       0.055   0.080
Minimum | Capitalization Rate | Loans held for investment                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.055           0.055
Minimum | Level 3 | Sales price                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input   42,823                
Minimum | Other assets - PE Investments | Level 3 | Recurring basis | Discount Rate                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.110           0.110
Maximum | Discount Rate                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input 0.179     0.202       0.179   0.202
Maximum | Discount Rate | Loans held for investment                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.098           0.098
Maximum | Capitalization Rate                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input 0.191     0.088       0.191   0.088
Maximum | Capitalization Rate | Loans held for investment                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.095           0.095
Maximum | Sales price                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input 97             97    
Maximum | Level 3 | Sales price                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input   86,824                
Maximum | Other assets - PE Investments | Level 3 | Recurring basis | Discount Rate                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.120           0.120
Weighted average | Capitalization Rate | Loans held for investment                    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                    
Measurement input       0.076           0.076