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Restricted Cash, Other Assets and Accrued and Other Liabilities
 3 Months Ended
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, 2026December 31, 2025
Restricted cash:
Borrower escrow deposits$66,878 $82,511 
Real estate escrow reserves9,246 8,288 
Capital expenditure reserves 7,843 7,668 
Working capital and other reserves6,069 6,637 
Tenant lockboxes2,679 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, 2026December 31, 2025
Other assets:
Right-of-use lease asset$18,958 $19,833 
Tax receivable and deferred tax assets12,152 12,247 
Prepaid expenses and other5,933 7,154 
Deferred financing costs, net - credit facilities 5,146 5,716 
Investments in unconsolidated ventures at fair value2,016 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, 2026December 31, 2025
Accrued and other liabilities:
Accounts payable, accrued expenses and other liabilities$21,266 $25,962 
Operating lease liability19,823 20,703 
Prepaid rent and unearned revenue10,441 9,664 
Interest payable 6,601 6,239 
Unfunded CECL loan allowance1,864 669 
Tenant security deposits626 861 
Total$60,621 $64,098