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Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Summary of Real Estate Loans Receivable
The following is a summary of our loans receivable (in thousands):
 March 31, 2025December 31, 2024
Mortgage loans$1,571,028 $1,540,437 
Other real estate loans225,965 290,438 
Allowance for credit losses on real estate loans receivable(24,285)(25,831)
Real estate loans receivable, net of credit allowance1,772,708 1,805,044 
Non-real estate loans229,554 230,508 
Allowance for credit losses on non-real estate loans receivable(7,816)(7,966)
Non-real estate loans receivable, net of credit allowance221,738 222,542 
Total loans receivable, net of credit allowance$1,994,446 $2,027,586 
Summary of Real Estate Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):    
 Three Months Ended
 March 31, 2025March 31, 2024
Advances on loans receivable$19,672 $116,789 
Less: Receipts on loans receivable100,372 36,472 
Net cash advances (receipts) on loans receivable$(80,700)$80,317 
Summary of Financing Receivable, Allowance for Credit Loss The following is a summary of our loans by credit loss category (in thousands):
March 31, 2025
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans2007 - 2019$9,450 $(7,293)$2,157 3 
Collective loan pool2010 - 2020162,537 (1,987)160,550 14 
Collective loan pool2021898,478 (11,129)887,349 9 
Collective loan pool202294,866 (1,160)93,706 13 
Collective loan pool2023307,447 (3,760)303,687 8 
Collective loan pool2024544,470 (6,658)537,812 11 
Collective loan pool20259,299 (114)9,185 2 
Total loans$2,026,547 $(32,101)$1,994,446 60 
The following is a summary of the activity within the allowance for credit losses on loans receivable for the periods presented (in thousands):
Three Months Ended
March 31, 2025March 31, 2024
Balance at beginning of period$33,797 $194,463 
Provision for loan losses, net(2,007)1,014 
Loan write-offs— (1,088)
Effect of foreign currency311 (123)
Balance at end of period$32,101 $194,266