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Net Investment in Sales-type Leases and Ground Lease Receivables - Schedule of Net Investment in Leases (Details) $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2024 USD ($) lease | Sep. 30, 2023 USD ($)
Net Investment in Sales-type Leases |  |  |
Net Investment in Sales-type Leases, Beginning Balance | $ 3,255,195 | [1] | $ 3,106,599
Net Investment in Sales-type Leases, Origination/acquisition/fundings | 145,144 |  | 33,400
Net Investment in Sales-type Leases, Accretion | 45,285 |  | 43,061
Net Investment in Sales-type Leases, (Provision for) recovery of credit losses | (5,582) |  | (117)
Net Investment in Sales-type Leases, Ending Balance | 3,440,042 | [1] | 3,182,592
Ground Lease Receivables |  |  |
Ground Lease Receivables, Beginning balance | 1,622,298 | [1] | 1,374,716
Ground Lease Receivables, Origination/acquisition/fundings | 137,490 |  | 170,194
Ground Lease Receivables, Accretion | 22,374 |  | 19,078
Ground Lease Receivable, (Provision for) recovery of credit losses | (3,015) |  | (119)
Ground Lease Receivables, Ending balance | 1,779,147 | [1] | 1,563,670
Total |  |  |
Beginning balance | 4,877,493 |  | 4,481,315
Origination/acquisition/fundings | 282,634 |  | 203,594
Accretion | 67,659 |  | 62,139
(Provision for) recovery of credit losses | (8,597) |  | (236)
Ending balance | $ 5,219,189 |  | 4,746,262
Weighted average accrual rate for net investment in sales-type leases | 5.30% |  |
Weighted average accrual rate for net investment in ground lease receivables | 5.50% |  |
Ground lease receivables | lease | 40 |  |
Weighted Average |  |  |
Total |  |  |
Ground leases term | 97 years 6 months |  |
Accounting Standards Update 2016-13 |  |  |
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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