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Net Investment in Sales-type Leases and Ground Lease Receivables - Joint Venture (Details) $ in Thousands | 1 Months Ended | 3 Months Ended
--- | --- | ---
Jan. 31, 2024 USD ($) | May 31, 2023 USD ($) | Mar. 31, 2024 USD ($) lease | Mar. 31, 2023 USD ($)
Joint venture |  |  |  |
Ground lease acquisition purchase price |  |  | $ 32,158 | $ 50,803
Ground Lease Plus Fund |  |  |  |
Joint venture |  |  |  |
Ground lease acquisition purchase price | $ 38,300 |  |  |
Sovereign wealth fund | Joint venture for new acquisitions of Ground Leases |  |  |  |
Joint venture |  |  |  |
Ownership percentage |  | 45.00% |  |
Land and Related Ground Lease |  |  |  |
Joint venture |  |  |  |
Leasehold improvement allowance, funded amount |  |  | $ 36,500 |
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 |  |  | 3 |
Ground lease acquisition purchase price |  |  | $ 60,100 |
Funded amount of Ground Lease acquisition |  |  | $ 36,200 |
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 |  |

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