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Schedule IV - Mortgage Loans on Real Estate (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
Contract
Dec. 31, 2023
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate 0.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1],[2] $ 7,509,210  
Carrying Value 7,134,992 [1],[2] $ 8,384,575
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1],[2] 840,525  
General CECL Allowance (30,836) [1],[3] (26,482)
Carrying value, net 7,104,156 [1] 8,358,093
Commercial Mortgage Portfolio Segment    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Principal Balance [1] 6,842,610  
Carrying Value [1] 6,745,514  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] 173,924  
General CECL Allowance (30,167) (25,723)
Carrying value, net [4],[5] 6,715,347 7,925,359
Subordinate Mortgage Portfolio Segment    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Principal Balance [1],[6] 666,600  
Carrying Value 389,478 [1],[6] 232,991
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1],[6] 666,601  
General CECL Allowance (669) (759)
Carrying value, net [5],[7] $ 388,809 432,734
Retail | Loan A Retail/United Kingdom    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 8.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 480,865  
Carrying Value [1] 479,201  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Retail | Loan E Retail/New York City    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 8.60%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 250,398  
Carrying Value [1] 249,980  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] 0  
Retail | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 3, Retail/Various    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Principal Balance [1] 259,187  
Carrying Value [1] 182,365  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 173,924  
Number of loans | Contract [1] 3  
Retail | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 3, Retail/Various | Minimum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 0.00%  
Retail | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 3, Retail/Various | Maximum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 9.00%  
Office    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Carrying Value $ 1,756,965 1,593,320
Office | Loan B Office/United Kingdom    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 9.20%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 468,041  
Carrying Value [1] 462,825  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Office | Loan D Office/New York City    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 5.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 256,102  
Carrying Value [1] 255,936  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Office | Loan G Office/New York City    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 8.60%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 227,200  
Carrying Value [1] 226,313  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] 0  
Office | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 5    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Principal Balance [1] 704,450  
Carrying Value [1] 704,194  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Number of loans | Contract [1] 5  
Office | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 5 | Minimum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 5.80%  
Office | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 5 | Maximum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 9.50%  
Office | Subordinate Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Subordinate Loans | Subordinate Mortgage, 1, Office/Midwest    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8],[9] 0.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1],[9] $ 7,500  
Carrying Value [1],[9] 0  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1],[9] $ 7,500  
Number of loans | Contract [1],[9] 1  
Hotel    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Carrying Value $ 1,575,270 2,128,256
Hotel | Loan C Hotel/Various Europe    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 7.40%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 283,891  
Carrying Value [1] 281,034  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Hotel | Loan F Hotel/Spain    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 6.50%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 248,775  
Carrying Value [1] 247,990  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] 0  
Hotel | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 9    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Principal Balance [1] 1,047,736  
Carrying Value [1] 1,046,246  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Number of loans | Contract [1] 9  
Hotel | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 9 | Minimum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 8.00%  
Hotel | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 9 | Maximum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 10.10%  
Residential    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Carrying Value $ 1,556,819 1,407,518
Residential | Loan H Residential/United Kingdom    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 8.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 226,975  
Carrying Value [1] 226,022  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] 0  
Residential | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 8    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Principal Balance [1] 945,478  
Carrying Value [1] 941,317  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Number of loans | Contract [1] 8  
Residential | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 8 | Minimum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 6.00%  
Residential | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 8 | Maximum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 10.50%  
Industrial | Loan I Industrial/Sweden    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 5.90%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 223,992  
Carrying Value [1] 223,346  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Industrial | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 1, Industrial/United Kingdom    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 8.20%  
Principal Balance [1] $ 134,181  
Carrying Value [1] 132,040  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Number of loans | Contract [1] 1  
Health Care    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Carrying Value $ 0 351,523
Mixed Use    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Carrying Value 363,211 $ 679,303
Mixed Use | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 2, Mixed Use/Various    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Principal Balance [1] 359,971  
Carrying Value [1] 363,210  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 0  
Number of loans | Contract [1] 2  
Mixed Use | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 2, Mixed Use/Various | Minimum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 8.30%  
Mixed Use | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 2, Mixed Use/Various | Maximum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 9.50%  
Other | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 5, Other/Various    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Principal Balance [1],[10] $ 725,368  
Carrying Value [1],[10] 723,495  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1],[10] $ 0  
Number of loans | Contract [1],[10] 5  
Other | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 5, Other/Various | Minimum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8],[10] 6.20%  
Other | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans | First Mortgage, 5, Other/Various | Maximum    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8],[10] 10.10%  
Residential/New York City | Subordinate Mortgage Portfolio Segment, Loans and Other Lending Assets More Than 3% Of The Carrying Amount Of Total Subordinate Loans | Loan A, 1, Residential/New York City    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 0.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 287,940  
Carrying Value [1] 287,293  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 287,940  
Number of loans | Contract [1] 1  
Residential/New York City | Subordinate Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Subordinate Loans | SubordinateMortgage, 2, Residential/New York City    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Basis spread on variable interest rate [1],[8] 0.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] London Interbank Offered Rate [Member]  
Principal Balance [1] $ 371,160  
Carrying Value [1] 102,185  
Principal Amount of Mortgages Subject to Delinquent Principal or Interest [1] $ 371,160  
Number of loans | Contract [1] 2  
[1] Excludes Note receivable, held for sale with an outstanding principal and carrying value of $41.2 million.
[2] The aggregate cost for U.S. federal income tax purposes is $7.4 billion.
[3] Excludes $5.9 million of General CECL Allowance related to unfunded commitments on commercial mortgage loans, subordinate loans and other lending assets, net in 2024.
[4] Includes carrying value of $6,715,347 and $7,705,491 pledged as collateral under secured debt arrangements in 2024 and 2023, respectively.
[5] Net of $373,336 and $219,482 CECL Allowances comprised of $342,500 and $193,000 Specific CECL Allowance and $30,836 and $26,482 General CECL Allowance in 2024 and 2023, respectively.
[6] Subject to prior liens of approximately $115.5 million. Represents only third-party liens.
[7] Includes carrying value of $232,991 as collateral under secured debt arrangements in 2023.
[8] Assumes applicable benchmark rate as of December 31, 2024 for all floating rate loans. For loans placed on nonaccrual the interest rate noted above is 0%.
[9] Loan matured in September 2024. Negotiations with sponsor currently in process.
[10] Includes loans collateralized by caravan parks, pubs, urban predevelopment, and a portfolio of office, industrial, and retail property types.