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v3.23.2

Net Investment in Sales-type Leases, Ground Lease Receivables and Loans Receivable, net - Related Party (Schedule of Net Investment in Leases (Details) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 USD ($) lease | Jun. 30, 2023 USD ($) lease | Jun. 30, 2022 USD ($)
Net Investment in Sales-type Leases |  |  |  |  |
Net Investment in Sales-type Leases, Beginning Balance | $ 3,106,599 |  | $ 3,106,599 |  | $ 2,412,716
Net Investment in Sales-type Leases, Origination/acquisition/fundings | 33,122 |  |  |  | 474,281
Net Investment in Sales-type Leases, Accretion | 28,579 |  |  |  | 24,684
Net Investment in Sales-type Leases, Recovery of credit losses | 15 |  |  |  |
Net Investment in Sales-type Leases, Ending Balance | 3,167,964 |  | 3,167,964 |  | 2,911,681
Ground Lease Receivables |  |  |  |  |
Ground Lease Receivables, Beginning balance | 1,374,716 |  | 1,374,716 | [1] | 796,252
Ground Lease Receivables, Origination/acquisition/fundings | 97,948 |  |  |  | 430,517
Ground Lease Receivables, Accretion | 12,505 |  |  |  | 8,975
Ground Lease Receivables, Recovery of credit losses | (22) |  |  |  |
Ground Lease Receivables, Ending balance | 1,484,948 | [1] | 1,484,948 | [1] | 1,235,744
Total |  |  |  |  |
Beginning balance | 4,481,315 |  |  |  | 3,208,968
Origination/acquisition/fundings | 131,070 |  |  |  | 904,798
Accretion | 41,084 |  |  |  | 33,659
Recovery of credit losses | (7) |  | (7) |  |
Ending balance | $ 4,652,912 |  | $ 4,652,912 |  | $ 4,147,425
Weighted average accrual rate for net investment in sales-type leases | 5.10% |  | 5.10% |  |
Weighted average accrual rate for net investment in ground lease receivables | 5.40% |  | 5.40% |  |
Ground lease receivables | lease | 34 |  | 34 |  |
Weighted Average |  |  |  |  |
Total |  |  |  |  |
Ground leases term |  |  | 98 years 6 months |  |
Cumulative Effect, Period of Adoption, Adjustment |  |  |  |  |
Net Investment in Sales-type Leases |  |  |  |  |
Net Investment in Sales-type Leases, Beginning Balance | $ (351) |  |  |  |
Ground Lease Receivables |  |  |  |  |
Ground Lease Receivables, Beginning balance | (199) |  |  |  |
Total |  |  |  |  |
Beginning balance | $ (550) |  |  |  |
[1] | Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).

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