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Investments in Loans and Financing Receivables - Narrative (Details)
$ in Thousands, € in Millions, £ in Millions
1 Months Ended 12 Months Ended
Jul. 31, 2025
GBP (£)
Jun. 30, 2025
GBP (£)
extension_option
Feb. 28, 2025
USD ($)
extension_option
Dec. 31, 2024
GBP (£)
Sep. 30, 2024
USD ($)
Apr. 30, 2024
USD ($)
Nov. 30, 2023
GBP (£)
Oct. 31, 2023
USD ($)
state
property
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2025
GBP (£)
Jul. 31, 2025
EUR (€)
Jul. 31, 2025
GBP (£)
Dec. 31, 2024
GBP (£)
May 31, 2024
GBP (£)
Jan. 31, 2024
USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Investment in loans and preferred equity                 $ 1,613,276 $ 631,650 $ 201,621            
Collection of loans receivable           $ 33,000                      
Senior Secured Notes                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Principal | £             £ 142.0                    
Basis spread on variable rate (as a percent)             5.75%                    
Credit adjustment spread (as a percent)                 0.28%     0.28%          
Payments to acquire notes receivable | £             £ 136.7                    
Unsecured, Interest-Only Loan                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Principal                                 $ 11,000
Interest rate (as a percent)                                 11.00%
Mortgage loan issued                                 $ 9,800
Spirit Realty Capital, Inc.                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Loan acquired in conjunction with acquisition, fair value         $ 5,300                        
Loss on sale         $ 1,500                        
8.125% Due May 2030                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Financing receivables, net | £                               £ 300.0  
8.125% Due May 2030 | Senior Notes                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Stated interest rate (as a percent)                               8.125%  
Senior Secured Notes, 5.25%, Due November 2030 | Senior Secured Notes                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Basis spread on variable rate (as a percent)                   5.36%         5.36%    
Payments to acquire notes receivable | £       £ 199.0                          
Financing receivables, net | £                             £ 200.0    
Mortgage Loans                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Automotive service properties used as collateral | property               9                  
Number of states in service | state               7                  
Mortgage Loans | Real Estate Loan | Residential Portfolio Segment                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Mortgage loan issued               $ 33,500                  
Mortgage Loans | Senior Unsecured Notes | Senior Notes                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Stated interest rate (as a percent)               8.37%                  
Loans Receivable                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Principal                 $ 1,721,300 $ 848,200              
Financing receivables, net                 1,682,100 828,500              
Mortgage loan issued                 $ 1,712,600 840,800              
Loans Receivable | EUR-Denominated Senior Secured Notes Due July 2031                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Principal | €                         € 100.0        
Interest rate (as a percent)                         8.00% 8.00%      
Loans Receivable | GBP-Denominated Senior Secured Notes                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Principal | £                           £ 200.0      
Basis spread on variable rate (as a percent)                 5.36%     5.36%          
Credit adjustment spread (as a percent)                         0.11% 0.11%      
Loans Receivable | GBP-Denominated Senior Secured Notes | Minimum                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Basis spread on variable rate (as a percent)                         4.50% 4.50%      
Loans Receivable | GBP-Denominated Senior Secured Notes | Maximum                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Basis spread on variable rate (as a percent)                         5.25% 5.25%      
Loans Receivable | Senior Secured Notes Receivable                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Principal                 $ 1,250,400 $ 803,700              
Interest rate (as a percent)                 8.00% 8.125%   8.00%     8.125%    
Basis spread on variable rate (as a percent)                 6.03% 5.75%   6.03%     5.75%    
Payments to acquire notes receivable | £ £ 197.0                                
Financing receivables, net                 $ 1,214,100 $ 785,800              
Mortgage loan issued                 1,241,300 797,200              
Loans Receivable | Mortgage Loan Secured By an Office Property                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Interest rate (as a percent)   7.50%                              
Principal amount, acquired | £   £ 121.5                              
Funding commitments | £   £ 20.5                   £ 17.8          
Loans Receivable | Mortgage Loan Secured By a Logistics Property                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Interest rate (as a percent)   7.50%                              
Principal amount, acquired | £   £ 40.3                              
Funding commitments | £   £ 8.5                   £ 7.5          
Number of extension options | extension_option   1                              
Extension option term   12 months                              
Loans Receivable | Unsecured and Other Loans                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Principal                 214,700                
Principal amount, acquired     $ 200,000                            
Number of extension options | extension_option     2                            
Extension option term     12 months                            
Cash rate (as a percent)     10.25%                            
Payment-in-kind rate (as a percent)     10.75%                            
Investment in loans and preferred equity     $ 199,800                            
Origination costs     $ 1,100                            
Financing receivables, net                 211,800                
Mortgage loan issued                 $ 214,900                
Loans Receivable | Unsecured and Other Loans | Minimum                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Interest rate (as a percent)                 10.25%     10.25%          
Loans Receivable | Unsecured and Other Loans | Maximum                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Interest rate (as a percent)                 11.00%     11.00%          
Loans Receivable | Mortgage Loans                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Principal                 $ 256,200 $ 33,500              
Interest rate (as a percent)                   8.37%         8.37%    
Financing receivables, net                 256,200 $ 33,500              
Mortgage loan issued                 $ 256,400 $ 33,500              
Loans Receivable | Mortgage Loans | Minimum                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Interest rate (as a percent)                 7.50%     7.50%          
Loans Receivable | Mortgage Loans | Maximum                                  
Financing Receivable, Allowance for Credit Loss [Line Items]                                  
Interest rate (as a percent)                 8.50%     8.50%