XML 57 R48.htm IDEA: XBRL DOCUMENT 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”).