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Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Summary of Real Estate Loans Receivable
The following is a summary of our loans receivable as of the dates indicated (in thousands):
 June 30, 2025December 31, 2024
Mortgage loans$1,644,037 $1,540,437 
Other real estate loans181,686 290,438 
Allowance for credit losses on real estate loans receivable(23,863)(25,831)
Real estate loans receivable, net of credit allowance1,801,860 1,805,044 
Non-real estate loans238,100 230,508 
Allowance for credit losses on non-real estate loans receivable(7,823)(7,966)
Non-real estate loans receivable, net of credit allowance230,277 222,542 
Total loans receivable, net of credit allowance$2,032,137 $2,027,586 
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, 2025June 30, 2024
Advances on loans receivable$40,244 $580,145 
Less: Receipts on loans receivable162,039 138,059 
Net cash advances (receipts) on loans receivable$(121,795)$442,086 
Summary of Financing Receivable, Allowance for Credit Loss The following is a summary of our loans by credit loss category (in thousands):
June 30, 2025
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans (1)
2007 - 2019$117,496 $(8,569)$108,927 5 
Collective loan pool2010 - 202054,575 (644)53,931 12 
Collective loan pool2021929,386 (11,109)918,277 7 
Collective loan pool202298,844 (1,167)97,677 13 
Collective loan pool2023308,604 (3,644)304,960 8 
Collective loan pool2024539,447 (6,370)533,077 10 
Collective loan pool202515,471 (183)15,288 4 
Total loans$2,063,823 $(31,686)$2,032,137 59 
(1) Interest recognized on loans classified as deteriorated loans as of the end of the respective reporting period was $4,622,000 for the three and six months ended June 30, 2025, respectively.
The following is a summary of the activity within the allowance for credit losses on loans receivable for the periods presented (in thousands):
Six Months Ended
June 30, 2025June 30, 2024
Balance at beginning of period$33,797 $194,463 
Provision for loan losses, net(3,120)6,177 
Loan write-offs— (2,399)
Effect of foreign currency1,009 (148)
Balance at end of period$31,686 $198,093