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Investments in Loans and Financing Receivables - Schedule of Loans Receivables (Details) $ in Thousands, € in Millions, £ in Millions | 1 Months Ended | 4 Months Ended | 9 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jul. 31, 2025 GBP (£) | Jun. 30, 2025 GBP (£) | Feb. 28, 2025 USD ($) extension_option | Sep. 30, 2025 USD ($) note | Sep. 30, 2025 USD ($) note | Sep. 30, 2024 USD ($) | Sep. 30, 2025 GBP (£) note | Jul. 31, 2025 EUR (€) | Jul. 31, 2025 GBP (£) | Jun. 30, 2025 USD ($) extension_option | Dec. 31, 2024 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Allowance |  |  |  | $ (113,200) | $ (113,200) |  |  |  |  | $ (101,800) | $ (111,500)
Investment in loans |  |  |  |  | $ 807,433 | $ 377,490 |  |  |  |  |
Senior Secured Notes Receivable |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of interest-only notes bearing interest, held | note |  |  |  | 3 | 3 |  | 3 |  |  |  |
Loans Receivable |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Principal |  |  |  | $ 1,715,000 | $ 1,715,000 |  |  |  |  |  | 848,200
Amortized Cost |  |  |  | 1,705,600 | 1,705,600 |  |  |  |  |  | 840,800
Allowance |  |  |  | (25,900) | (25,900) |  |  |  |  | $ (14,800) | (12,300)
Carrying Amount |  |  |  | 1,679,700 | 1,679,700 |  |  |  |  |  | 828,500
Accrued interest |  |  |  | $ 39,300 | $ 39,300 |  |  |  |  |  | $ 13,800
Loans Receivable | Senior Secured Notes Receivable |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  | 8.00% | 8.00% |  | 8.00% |  |  |  | 8.125%
Basis spread on variable rate (as a percent) |  |  |  | 5.75% | 5.75% |  | 5.75% |  |  |  | 5.75%
Principal |  |  |  | $ 1,249,200 | $ 1,249,200 |  |  |  |  |  | $ 803,700
Amortized Cost |  |  |  | 1,239,500 | 1,239,500 |  |  |  |  |  | 797,200
Allowance |  |  |  | (22,600) | (22,600) |  |  |  |  |  | (11,400)
Carrying Amount |  |  |  | $ 1,216,900 | $ 1,216,900 |  |  |  |  |  | $ 785,800
Payments to acquire notes receivable | £ | £ 197.0 |  |  |  |  |  |  |  |  |  |
Loans Receivable | EUR-Denominated Senior Secured Notes Due July 2031 |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  | 8.00% | 8.00% |  | 8.00% |  |  |  |
Principal |  |  |  | $ 117,400 | $ 117,400 |  |  | € 100.0 |  |  |
Loans Receivable | GBP-Denominated Senior Secured Notes |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  | 5.36% | 5.36% |  | 5.36% |  |  |  |
Principal |  |  |  | $ 268,800 | $ 268,800 |  |  |  | £ 200.0 |  |
Credit adjustment spread (as a percent) |  |  |  | 0.11% | 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% |  | 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% |  | 5.25% |  |  |  |
Loans Receivable | Mortgage Loans |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  |  |  |  |  |  | 8.37%
Principal |  |  |  | $ 251,100 | $ 251,100 |  |  |  |  |  | $ 33,500
Amortized Cost |  |  |  | 251,200 | 251,200 |  |  |  |  |  | 33,500
Allowance |  |  |  | (100) | (100) |  |  |  |  |  | 0
Carrying Amount |  |  |  | $ 251,100 | $ 251,100 |  |  |  |  |  | $ 33,500
Loans Receivable | Mortgage Loans | Minimum |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  | 7.50% | 7.50% |  | 7.50% |  |  |  |
Loans Receivable | Mortgage Loans | Maximum |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  | 8.37% | 8.37% |  | 8.37% |  |  |  |
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 |  | $ 163,300 |  |  |  |  |  |  |
Funding commitments | £ |  |  |  |  |  |  | £ 20.5 |  |  |  |
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 |  | 54,300 |  |  |  |  |  |  |
Funding commitments | £ |  |  |  |  |  |  | £ 8.4 |  |  |  |
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 | $ 214,700 |  |  |  |  |  |
Amortized Cost |  |  |  | 214,900 | 214,900 |  |  |  |  |  |
Allowance |  |  |  | (3,200) | (3,200) |  |  |  |  |  |
Carrying Amount |  |  |  | $ 211,700 | $ 211,700 |  |  |  |  |  |
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 |  |  | $ 199,800 |  |  |  |  |  |  |  |
Origination costs |  |  | $ 1,100 |  |  |  |  |  |  |  |
Loans Receivable | Unsecured and Other Loans | Minimum |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  | 10.25% | 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% |  | 11.00% |  |  |  |
Loans Receivable | Unsecured Loan |  |  |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  |  |  |  |  |  | 11.00%
Principal |  |  |  |  |  |  |  |  |  |  | $ 11,000
Amortized Cost |  |  |  |  |  |  |  |  |  |  | 10,100
Allowance |  |  |  |  |  |  |  |  |  |  | (900)
Carrying Amount |  |  |  |  |  |  |  |  |  |  | $ 9,200

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