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v3.23.3

Net Investment in Sales-type Leases, Ground Lease Receivables and Loans Receivable, net - Related Party (Schedule of Net Investment in Leases (Details) $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2023 USD ($) lease | Sep. 30, 2022 USD ($)
Net Investment in Sales-type Leases |  |  |
Net Investment in Sales-type Leases, Beginning Balance | $ 3,106,599 |  | $ 2,412,716
Net Investment in Sales-type Leases, Sales |  |  | (76,701)
Net Investment in Sales-type Leases, Origination/acquisition/fundings | 33,400 |  | 691,305
Net Investment in Sales-type Leases, Accretion | 43,061 |  | 38,793
Net Investment in Sales-type Leases, Provision for credit losses | (117) |  |
Net Investment in Sales-type Leases, Ending Balance | 3,182,592 |  | 3,066,113
Ground Lease Receivables |  |  |
Ground Lease Receivables, Beginning balance | 1,374,716 | [1] | 796,252
Ground Lease Receivables, Origination/acquisition/fundings | 170,194 |  | 515,618
Ground Lease Receivables, Accretion | 19,078 |  | 14,762
Ground Lease Receivables, Provision for credit losses | (119) |  |
Ground Lease Receivables, Ending balance | 1,563,670 | [1] | 1,326,632
Total |  |  |
Beginning balance | 4,481,315 |  | 3,208,968
Sales |  |  | (76,701)
Origination/acquisition/fundings | 203,594 |  | 1,206,923
Accretion | 62,139 |  | 53,555
Provision for credit losses | (236) |  |
Ending balance | $ 4,746,262 |  | $ 4,392,745
Weighted average accrual rate for net investment in sales-type leases | 5.10% |  |
Weighted average accrual rate for net investment in ground lease receivables | 5.40% |  |
Ground lease receivables | lease | 35 |  |
Weighted Average |  |  |
Total |  |  |
Ground leases term | 98 years 3 months 18 days |  |
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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