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Loans Receivable (Tables)
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Summary of Real Estate Loans Receivable The following is a summary of our loans receivable (in thousands):
 June 30, 2024December 31, 2023
Mortgage loans$1,511,008 $1,057,516 
Other real estate loans306,399 324,660 
Allowance for credit losses on real estate loans receivable(26,205)(20,589)
Real estate loans receivable, net of credit allowance1,791,202 1,361,587 
Non-real estate loans519,513 503,993 
Allowance for credit losses on non-real estate loans receivable(171,888)(173,874)
Non-real estate loans receivable, net of credit allowance347,625 330,119 
Total loans receivable, net of credit allowance$2,138,827 $1,691,706 
Summary of Real Estate Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):    
 Six Months Ended
 June 30, 2024June 30, 2023
Advances on loans receivable$580,145 $76,397 
Less: Receipts on loans receivable138,059 46,493 
Net cash advances (receipts) on loans receivable$442,086 $29,904 
Summary of Financing Receivable, Allowance for Credit Loss The following is a summary of our loans by credit loss category (in thousands):
June 30, 2024
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans2007 - 2023$196,211 $(169,808)$26,403 
Collective loan pool2010 - 2019230,146 (3,021)227,125 16 
Collective loan pool202033,415 (439)32,976 
Collective loan pool2021867,202 (11,566)855,636 10 
Collective loan pool2022115,338 (1,514)113,824 16 
Collective loan pool2023343,267 (4,507)338,760 13 
Collective loan pool2024551,341 (7,238)544,103 
Total loans$2,336,920 $(198,093)$2,138,827 74 
The following is a summary of the allowance for credit losses on loans receivable for the periods presented (in thousands):                            
Six Months Ended
June 30, 2024June 30, 2023
Balance at beginning of period$194,463 $164,249 
Provision for loan losses, net(1)
6,177 3,233 
Purchased deteriorated loan— 19,077 
Loan write-offs(2,399)— 
Foreign currency translation(148)(219)
Balance at end of period$198,093 $186,340 
(1) Excludes the provision for loan loss on held-to-maturity debt securities.