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Income Taxes - Statutory Federal Tax Rate to our Effective Tax Rate (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Tax Disclosure [Abstract]        
Tax Jurisdiction of Domicile [Extensible Enumeration]     UNITED STATES  
Amount        
U.S. Federal statutory tax rate     $ 9,621 $ 15,482
State and local taxes, net of federal income tax effect     0 148
Changes in valuation allowances     762 16,694
Changes in valuation allowances     (15,791) (16,236)
VIE income or loss     5,926 (9,804)
TRS permanent differences     32 168
Basis difference in contributed assets to subsidiaries     (536) (7,063)
Other adjustments     (14) (23)
Total provision/(benefit) $ 0 $ 238 $ 0 $ (634)
Percentage        
U.S. Federal statutory tax rate (as a percent)     21.00% 21.00%
State and local taxes, net of federal income tax effect (as a percent)     0.00% 0.20%
Changes in valuation allowances (as a percent)     1.70% 22.60%
REIT GAAP income or loss not subject to federal income tax (as a percent)     (34.50%) (22.00%)
VIE income or loss (as a percent)     12.90% (13.30%)
TRS permanent differences (as a percent)     0.10% 0.20%
Basis difference in contributed assets to subsidiaries (as a percent)     (1.20%) (9.50%)
Other adjustments (as a percent)     0.00% 0.00%
Effective tax rate (as a percent)     0.00% (0.80%)