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Transactions With Related Parties - Affiliate Transactions (Details)
$ in Thousands, € in Millions, £ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
loan
Jun. 30, 2025
USD ($)
loan
Dec. 31, 2024
USD ($)
loan
Sep. 30, 2024
USD ($)
Sep. 30, 2024
EUR (€)
Sep. 30, 2024
GBP (£)
Sep. 30, 2025
USD ($)
loan
Sep. 30, 2024
USD ($)
Mar. 31, 2025
USD ($)
Sep. 30, 2024
EUR (€)
Sep. 30, 2024
GBP (£)
Dec. 31, 2021
EUR (€)
Dec. 31, 2019
EUR (€)
Dec. 31, 2018
GBP (£)
Related Party Transaction [Line Items]                            
Total face value $ 13,037,822           $ 13,037,822              
Investment in unconsolidated entities             178,664 $ 0            
Origination and other fees received on loans receivable             46,882 26,140            
Book Value $ 182,598 $ 108,087 $ 4,452       182,598              
Repayment of loan participations             $ 104,028 235,960            
Bank Loan Portfolio Joint Venture                            
Related Party Transaction [Line Items]                            
Ownership percentage 35.00%           35.00%              
Book Value $ 104,867 55,906 $ 0       $ 104,867              
Bank Loan Portfolio Joint Venture 1                            
Related Party Transaction [Line Items]                            
Investment in unconsolidated entities   $ 57,600                        
Ownership percentage   29.00%                        
Bank Loan Portfolio Joint Venture 2                            
Related Party Transaction [Line Items]                            
Investment in unconsolidated entities $ 44,700                          
Ownership percentage 50.00%           50.00%              
Net Lease Joint Venture                            
Related Party Transaction [Line Items]                            
Ownership percentage 75.00%   75.00%       75.00%              
Book Value $ 77,731 $ 52,181 $ 4,452       $ 77,731              
Secured term loans, net                            
Related Party Transaction [Line Items]                            
Total face value 1,808,127   1,764,437       1,808,127              
Senior secured notes, net                            
Related Party Transaction [Line Items]                            
Total face value 785,316   785,316       785,316              
Securitized debt obligations, net                            
Related Party Transaction [Line Items]                            
Face Value 2,479,417   1,936,967       2,479,417              
Principal Balance, collateral assets 3,098,228   2,552,403       3,098,228              
Total face value 2,479,417   1,936,967       2,479,417              
B-6 Term Loan | Secured term loans, net                            
Related Party Transaction [Line Items]                            
Maximum borrowing capacity 1,000,000 1,000,000         1,000,000              
Total face value 1,045,754   0       1,045,754              
B-5 Term Loan | Secured term loans, net                            
Related Party Transaction [Line Items]                            
Maximum borrowing capacity     650,000                      
Total face value 0   650,000       0              
December 2024 | Senior secured notes, net                            
Related Party Transaction [Line Items]                            
Face Value     450,000                      
Total face value 450,000   450,000       450,000              
2025 FL5 Underlying Collateral Assets | Securitized debt obligations, net                            
Related Party Transaction [Line Items]                            
Principal Balance, collateral assets 898,950           898,950   $ 1,000,000          
B-7 Term Loan | Secured term loans, net                            
Related Party Transaction [Line Items]                            
Maximum borrowing capacity 453,100           453,100              
Total face value 453,105   $ 0       453,105              
Related Party                            
Related Party Transaction [Line Items]                            
Face amount of loans $ 606,000 $ 1,400,000   $ 94,400     606,000 94,400     £ 303.5 € 350.0 € 350.0 £ 148.7
Related party transaction, interest in loan, percentage       17.00% 17.00% 17.00%                
Selling loan amount | €         € 232.0                  
Remaining loan amount in new lenders | €                   € 347.0        
Repayment of loan participations       $ 46,400                    
Related Party | Senior Participations                            
Related Party Transaction [Line Items]                            
Proceeds of loan participations | £           £ 100.0                
Related Party | Senior Loans                            
Related Party Transaction [Line Items]                            
Face amount of loans       $ 560,000       560,000            
Agency Multifamily Lending Partnership | Related Party                            
Related Party Transaction [Line Items]                            
Number of loans referred | loan     3                      
Origination and other fees received on loans receivable     $ 217                      
Blackstone-Advised Investment Vehicles, or the Funds                            
Related Party Transaction [Line Items]                            
Proceeds from sale of assets               59,000            
Blackstone-Advised Investment Vehicles, or the Funds | Senior Loans, Blackstone-Advised Investment Vehicle                            
Related Party Transaction [Line Items]                            
Number of loans modified | loan   2                        
Blackstone-Advised Investment Vehicles, or the Funds | Performing Loans, Blackstone-Advised Investment Vehicle                            
Related Party Transaction [Line Items]                            
Origination and other fees received on loans receivable             $ 554,400 $ 98,600            
Number of loans count | loan 4           4              
Blackstone-Advised Investment Vehicles, or the Funds | Performing Loan                            
Related Party Transaction [Line Items]                            
Origination and other fees received on loans receivable             $ 148,800              
Blackstone-Advised Investment Vehicles, or the Funds | Related Party | Senior Loans                            
Related Party Transaction [Line Items]                            
Face Value $ 666,500           $ 666,500              
Count, financing provided | loan             5              
Blackstone-Advised Investment Vehicles, or the Funds | Related Party | Mezzanine Loan                            
Related Party Transaction [Line Items]                            
Face Value 123,600           $ 123,600              
Count, financing provided | loan             4              
Blackstone-Advised Investment Vehicles, or the Funds | Related Party | B-6 Term Loan | Secured term loans, net                            
Related Party Transaction [Line Items]                            
Principal Balance, collateral assets   $ 83,900                        
Blackstone-Advised Investment Vehicles, or the Funds | Related Party | B-5 Term Loan | Secured term loans, net                            
Related Party Transaction [Line Items]                            
Principal Balance, collateral assets     62,500                      
Blackstone-Advised Investment Vehicles, or the Funds | Related Party | December 2024 | Senior secured notes, net                            
Related Party Transaction [Line Items]                            
Principal Balance, collateral assets     $ 80,000                      
Blackstone-Advised Investment Vehicles, or the Funds | Related Party | 2025 FL5 Underlying Collateral Assets | Securitized debt obligations, net                            
Related Party Transaction [Line Items]                            
Principal Balance, collateral assets                 $ 75,000          
Blackstone-Advised Investment Vehicles, or the Funds | Related Party | B-7 Term Loan | Secured term loans, net                            
Related Party Transaction [Line Items]                            
Principal Balance, collateral assets $ 33,000           $ 33,000