v3.25.4
Schedule III - Real Estate and Accumulated Depreciation III - Notes to Schedule (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of Operating Real Estate      
Transfers in $ 0 $ 2,640 $ 59,198
Balance at end of period [1] 630,811    
Reconciliation of Accumulated Depreciation for Operating Real Estate      
Depreciation (23,125) (39,822) (24,620)
Balance at end of period (77,315)    
Total Operating Real Estate, Excluding Held For Sale      
Reconciliation of Operating Real Estate      
Balance at beginning of period 678,339 1,197,066 714,192
Acquisitions 0 0 0
Improvements 5,271 6,238 31,441
Reclassification to held and used 0 65,458 392,235
Reclassification to held for sale or disposal group held for sale (149,762) (593,063) 0
Balance at end of period 533,848 [1] 678,339 1,197,066
Reconciliation of Accumulated Depreciation for Operating Real Estate      
Balance at beginning of period (61,834) (65,247) (21,224)
Depreciation (23,125) (37,444) (24,620)
Reclassification to held and used 0 (1,266) (19,403)
Reclassification to held for sale or disposal group held for sale 19,827 42,123 0
Balance at end of period $ (65,132) $ (61,834) $ (65,247)
[1] The aggregate cost of consolidated real estate in the table above for U.S. federal income tax purposes was approximately $543 million as of December 31, 2025.