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v3.26.1

Restricted Cash, Other Assets and Accrued and Other Liabilities | 3 Months Ended
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Mar. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Restricted Cash, Other Assets and Accrued and Other Liabilities | Restricted Cash, Other Assets and Accrued and Other Liabilities The following table presents a summary of restricted cash as of March 31, 2026, and December 31, 2025 (dollars in thousands):
|  | March 31, 2026 |  | December 31, 2025 |  |
Restricted cash: |  |  |  |  |  |
Borrower escrow deposits |  | $ | 66,878 |  |  | $ | 82,511 |  |  |
Real estate escrow reserves |  | 9,246 |  |  | 8,288 |  |  |
Capital expenditure reserves |  | 7,843 |  |  | 7,668 |  |  |
Working capital and other reserves |  | 6,069 |  |  | 6,637 |  |  |
Tenant lockboxes |  | 2,679 |  |  | 1,942 |  |  |
Total |  | $ | 92,715 |  |  | $ | 107,046 |  |  |
The following table presents a summary of other assets as of March 31, 2026, and December 31, 2025 (dollars in thousands):
|  | March 31, 2026 |  | December 31, 2025
Other assets: |  |  |  |
Right-of-use lease asset |  | $ | 18,958 |  |  | $ | 19,833 |
Tax receivable and deferred tax assets |  | 12,152 |  |  | 12,247 |
Prepaid expenses and other |  | 5,933 |  |  | 7,154 |
Deferred financing costs, net - credit facilities |  | 5,146 |  |  | 5,716 |
Investments in unconsolidated ventures at fair value |  | 2,016 |  |  | 2,115 |
Total |  | $ | 44,205 |  |  | $ | 47,065 |
The following table presents a summary of accrued and other liabilities as of March 31, 2026 and December 31, 2025 (dollars in thousands):
|  | March 31, 2026 |  | December 31, 2025
Accrued and other liabilities: |  |  |  |
Accounts payable, accrued expenses and other liabilities |  | $ | 21,266 |  |  | $ | 25,962 |
Operating lease liability |  | 19,823 |  |  | 20,703 |
Prepaid rent and unearned revenue |  | 10,441 |  |  | 9,664 |
Interest payable |  | 6,601 |  |  | 6,239 |
Unfunded CECL loan allowance |  | 1,864 |  |  | 669 |
Tenant security deposits |  | 626 |  |  | 861 |
Total |  | $ | 60,621 |  |  | $ | 64,098 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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