XML 55 R46.htm IDEA: XBRL DOCUMENT v3.23.3
Net Investment in Sales-type Leases, Ground Lease Receivables and Loans Receivable, net - Related Party (Joint Venture) (Details)
$ in Thousands
1 Months Ended 9 Months Ended
May 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
lease
Sep. 30, 2022
USD ($)
Joint venture      
Ground lease acquisition purchase price   $ 170,194 $ 515,618
Sovereign wealth fund | Joint venture for new acquisitions of Ground Leases      
Joint venture      
Ownership percentage 45.00%    
Joint Venture for New Acquisitions of Ground Leases      
Joint venture      
Joint venture commitments $ 275,000    
Controlling interest in joint venture 55.00%    
Percent of Promote fee   15.00%  
Internal Rate of Return   9.00%  
Promote fee cap percent   1.275  
First look rights period on qualifying investments   18 months  
Number of Ground Leases acquired | lease   2  
Ground lease acquisition purchase price   $ 38,500  
Funded amount of Ground Lease acquisition   $ 14,500  
Joint Venture for New Acquisitions of Ground Leases | First five year following acquisition      
Joint venture      
Percent of management fee   0.25%  
Management fee term   5 years  
Joint Venture for New Acquisitions of Ground Leases | After five years of acquisition      
Joint venture      
Percent of management fee   0.15%  
Joint Venture for New Acquisitions of Ground Leases | Sovereign wealth fund      
Joint venture      
Joint venture commitments $ 225,000