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Properties (Tables)
 12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Schedule of Properties Held-for-Investment
The table below summarizes our properties held-for-investment as of December 31, 2025 and December 31, 2024 (dollars in thousands):
Depreciable LifeDecember 31, 2025December 31, 2024
Property Segment
Land and land improvements
0 - 15 years
$769,318 $95,642 
Buildings and building improvements
0 - 40 years
1,978,498 635,636 
Construction in progress
N/A
138,069 89,167 
Furniture & fixtures
3 - 5 years
1,451 1,139 
Investing and Servicing Segment
Land and land improvements
0 - 15 years
16,567 23,345 
Buildings and building improvements
3 - 33 years
49,719 69,582 
Furniture & fixtures
1 - 5 years
2,328 3,251 
Commercial and Residential Lending Segment
Land and land improvements
0 - 13 years
143,090 117,983 
Buildings and building improvements
0 - 50 years
356,440 326,603 
Construction in progress
N/A
245,794 219,868 
Furniture & fixtures
5 years
2,003 2,003 
Properties, cost3,703,277 1,584,219 
Less: accumulated depreciation(254,625)(210,541)
Properties, net$3,448,652 $1,373,678 
Schedule of Operating Leases
Future rental payments due to us from tenants under existing non-cancellable operating leases for each of the next five years and thereafter are as follows (in thousands):

2026$224,168
2027224,059
2028223,065
2029219,063
2030210,587
Thereafter2,314,998
Total$3,415,940