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Interest Rate Derivatives (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives Recorded as Derivative Liability The Company had the following interest rate derivatives recorded within accrued expenses and other liabilities as of December 31, 2025 and 2024 in the Consolidated Statements of Financial Condition.
DerivativeNotional Amount
Fair Value as of December 31, 2025
Fair Value as of December 31, 2024
Fixed Rate PaidFloating Rate Received
Effective Date(2)
Maturity Date
Interest rate swap$300,000 $(6,109)$(2,291)4.37 %
1 month Term SOFR(1)
November 2022February 2028
Interest rate swap$28,500 $(707)$(397)4.47 %
1 month Term SOFR(1)
May 2024February 2028
Interest rate swap$317,000 $(3,878)$(844)4.17 %
1 month Term SOFR(1)
February 2028February 2030
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(1)Floating rate received subject to a 0.50% floor.
(2)Represents the date at which the derivative is in effect and the Company is contractually required to begin payment of interest under the terms of the agreement.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
A rollforward of the amounts in accumulated other comprehensive income (loss) (“AOCI”) related to interest rate derivatives designated as cash flow hedges is as follows:
Year Ended December 31,
202520242023
Derivative gain at beginning of period$18,342 $21,806 $29,130 
Amount recognized in other comprehensive income(1)
(6,184)7,025 1,536 
Amount reclassified from accumulated other comprehensive loss to interest expense(7,489)(10,489)(8,860)
Derivative gain at end of period4,669 18,342 21,806 
Less: gain attributable to noncontrolling interests in GCMH4,404 15,496 18,267 
Derivative gain at end of period, net$265 $2,846 $3,539 
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(1)Net of tax benefit of $1.1 million, $0.2 million, and $0.4 million for the years ended December 31, 2025, 2024, and 2023 respectively.