DigitalBridge (DBRG) 10-Q 3 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Oct. 27, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-37980
Entity Registrant Name	DigitalBridge Group, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	46-4591526
Entity Address, Address Line One	750 Park of Commerce Drive
Entity Address, Address Line Two	Suite 210
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33487
City Area Code	561
Local Phone Number	570-4644
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001679688
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Class A Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	DBRG
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		163,244,425
Series H
Entity Information [Line Items]
Title of 12(b) Security	Preferred Stock, 7.125% Series H Cumulative Redeemable, $0.01 par value
Trading Symbol	DBRG.PRH
Security Exchange Name	NYSE
Series I
Entity Information [Line Items]
Title of 12(b) Security	Preferred Stock, 7.15% Series I Cumulative Redeemable, $0.01 par value
Trading Symbol	DBRG.PRI
Security Exchange Name	NYSE
Series J
Entity Information [Line Items]
Title of 12(b) Security	Preferred Stock, 7.125% Series J Cumulative Redeemable, $0.01 par value
Trading Symbol	DBRG.PRJ
Security Exchange Name	NYSE
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		166,494

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents		$ 434,044	$ 918,254
Restricted cash		104,626	118,485
Investments ($276,457 and $426,032 at fair value)		1,879,981	1,242,001
Real estate		3,050,577	5,921,298
Goodwill		466,092	761,368
Deferred leasing costs and intangible assets		697,754	1,092,167
Other assets ($0 and $11,793 at fair value)		165,340	654,050
Due from affiliates		69,695	45,360
Assets held for disposition		3,982	275,520
Total assets		6,872,091	11,028,503
Liabilities
Intangible liabilities		20,833	29,824
Other liabilities ($131,435 and $183,628 at fair value)		668,572	1,272,096
Liabilities related to assets held for disposition		175	380
Total liabilities		3,846,753	6,458,440
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests		27,178	100,574
Stockholders’ equity:
Preferred stock, $0.01 par value per share; $821,899 and $827,779 liquidation preference; 250,000 shares authorized; 32,876 and 33,111 shares issued and outstanding		794,670	800,355
Additional paid-in capital		7,835,826	7,818,068
Accumulated deficit		(6,941,470)	(6,962,613)
Accumulated other comprehensive income (loss)		113	(1,509)
Total stockholders’ equity		1,690,773	1,660,698
Noncontrolling interests in investment entities		1,241,556	2,743,896
Noncontrolling interests in Operating Company		65,831	64,895
Total equity		2,998,160	4,469,489
Total liabilities, redeemable noncontrolling interests and equity		6,872,091	11,028,503
Recourse
Liabilities
Corporate debt		371,121	568,912
Nonrecourse
Liabilities
Corporate debt		2,786,052	4,587,228
Investment Management
Assets
Goodwill		466,092	298,248
Operating
Assets
Goodwill		0	463,120
Operating Segments | Investment Management
Assets
Cash and cash equivalents		62,212	39,563
Restricted cash		4,116	2,298
Investments ($276,457 and $426,032 at fair value)		568,892	395,327
Real estate		0	0
Goodwill		466,092	298,248
Deferred leasing costs and intangible assets		110,287	85,172
Other assets ($0 and $11,793 at fair value)		29,771	13,356
Due from affiliates		67,424	41,458
Total assets		1,308,794	875,422
Liabilities
Intangible liabilities		0	0
Other liabilities ($131,435 and $183,628 at fair value)		369,772	342,696
Total liabilities		569,517	541,373
Redeemable noncontrolling interests		909	680
Stockholders’ equity:
Noncontrolling interests in investment entities	[1]	228,838	136,668
Operating Segments | Investment Management | Recourse
Liabilities
Corporate debt		199,745	198,677
Operating Segments | Investment Management | Nonrecourse
Liabilities
Corporate debt		0	0
Operating Segments | Operating
Assets
Cash and cash equivalents		59,982	65,975
Restricted cash		98,701	114,442
Investments ($276,457 and $426,032 at fair value)		0	4,638
Real estate		3,050,577	5,921,298
Goodwill		0	463,120
Deferred leasing costs and intangible assets		586,987	1,006,469
Other assets ($0 and $11,793 at fair value)		89,234	573,229
Due from affiliates		0	0
Total assets		3,885,481	8,149,171
Liabilities
Intangible liabilities		20,833	29,824
Other liabilities ($131,435 and $183,628 at fair value)		118,977	725,236
Total liabilities		2,991,946	5,411,945
Redeemable noncontrolling interests		0	0
Stockholders’ equity:
Noncontrolling interests in investment entities	[1]	837,793	2,463,559
Operating Segments | Operating | Recourse
Liabilities
Corporate debt		70,499	70,120
Operating Segments | Operating | Nonrecourse
Liabilities
Corporate debt		2,781,637	4,586,765
Corporate and Other
Assets
Cash and cash equivalents		311,850	812,716
Restricted cash		1,809	1,745
Investments ($276,457 and $426,032 at fair value)		1,311,089	842,036
Real estate		0	0
Goodwill		0	0
Deferred leasing costs and intangible assets		480	526
Other assets ($0 and $11,793 at fair value)		46,335	67,465
Due from affiliates		2,271	3,902
Total assets		1,673,834	1,728,390
Liabilities
Intangible liabilities		0	0
Other liabilities ($131,435 and $183,628 at fair value)		179,823	204,164
Total liabilities		285,115	504,742
Redeemable noncontrolling interests		26,269	99,894
Stockholders’ equity:
Noncontrolling interests in investment entities	[1]	173,838	113,390
Corporate and Other | Recourse
Liabilities
Corporate debt		100,877	300,115
Corporate and Other | Nonrecourse
Liabilities
Corporate debt		4,415	463
Class A Common Stock
Stockholders’ equity:
Common stock, $0.01 and $0.04 par value per share		1,632	6,390
Class B Common Stock
Stockholders’ equity:
Common stock, $0.01 and $0.04 par value per share		$ 2	$ 7
[1]Excludes amounts related to assets held for disposition in connection with discontinued operations.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investments, fair value	$ 276,457	$ 426,032
Other assets, fair value	0	11,793
Other liabilities, fair value	$ 131,435	$ 183,628
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference	$ 821,899	$ 827,779
Preferred stock, shares authorized (in shares)	250,000,000	250,000,000
Preferred stock, shares issued (in shares)	32,876,000	33,111,000
Preferred stock, shares outstanding (in shares)	32,876,000	33,111,000
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.04
Common stock, shares authorized (in shares)	237,250,000	237,250,000
Common stock, shares issued (in shares)	163,264,000	159,763,000
Common stock, shares outstanding (in shares)	163,264,000	159,763,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.04
Common stock, shares authorized (in shares)	250,000	250,000
Common stock, shares issued (in shares)	166,000	166,000
Common stock, shares outstanding (in shares)	166,000	166,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues
Carried interest allocation	$ 168,891	$ 121,698	$ 193,389	$ 201,398
Principal investment income	17,943	11,531	51,914	34,429
Other income	10,948	11,024	37,024	33,975
Total revenues	477,080	429,852	1,152,173	1,079,318
Expenses
Property operating expense	94,481	105,987	289,838	287,280
Interest expense	49,894	53,032	173,112	143,450
Investment expense	5,728	9,510	16,732	26,262
Transaction-related costs	896	3,879	10,536	6,800
Placement fees	15	0	3,668	0
Depreciation and amortization	128,000	145,594	419,136	429,513
Compensation expense—cash and equity-based	74,714	65,544	232,356	183,878
Compensation expense—incentive fee and carried interest allocation	72,865	80,831	72,110	109,548
Administrative expenses	24,077	29,909	76,346	84,147
Total expenses	450,670	494,286	1,293,834	1,270,878
Other gain (loss), net	254,827	25,908	100,545	(170,229)
Income (loss) from continuing operations before income taxes	281,237	(38,526)	(41,116)	(361,789)
Income tax benefit (expense)	143	7,841	(4,168)	17,772
Income (loss) from continuing operations	281,380	(30,685)	(45,284)	(344,017)
Income (loss) from discontinued operations	(2,603)	(90,302)	(20,799)	(188,735)
Net income (loss)	278,777	(120,987)	(66,083)	(532,752)
Net income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	132	(6,442)	4,634	(31,989)
Investment entities	(17,746)	(60,623)	(142,241)	(152,770)
Operating Company	19,918	(4,834)	1,511	(30,786)
Net income (loss) attributable to DigitalBridge Group, Inc.	276,473	(49,088)	70,013	(317,207)
Preferred stock dividends	14,645	15,283	43,996	46,801
Preferred stock repurchases	0	(1,098)	(927)	(1,098)
Net income (loss) attributable to common stockholders	$ 261,828	$ (63,273)	$ 26,944	$ (362,910)
Income (loss) per share—basic
Income (loss) from continuing operations per common share - basic (in dollars per share)	$ 1.61	$ 0.07	$ 0.29	$ (1.33)
Net income (loss) attributable to common stockholders per common share - basic (in dollars per share)	1.60	(0.39)	0.17	(2.37)
Income (loss) per share—diluted
Income (Loss) from continuing operations per common share - diluted (in dollars per share)	1.49	0.07	0.28	(1.33)
Net income (loss) attributable to common stockholders per common share - diluted (in dollars per share)	$ 1.48	$ (0.39)	$ 0.16	$ (2.37)
Weighted average number of shares
Basic (in shares)	160,564	162,398	159,600	153,028
Diluted (in shares)	173,862	162,398	164,020	153,028
Dividends declared per common share (in dollars per share)	$ 0.01	$ 0.01	$ 0.03	$ 0.01
Operating Segments | Investment Management
Revenues
Carried interest allocation	$ 168,891	$ 121,698	$ 193,389	$ 201,398
Principal investment income	1,451	1,016	3,373	2,049
Other income	1,255	1,914	4,028	4,172
Total revenues	237,655	166,667	393,577	338,408
Expenses
Property operating expense	0	0	0	0
Interest expense	2,651	2,953	7,883	8,240
Investment expense	409	1,711	1,136	3,110
Transaction-related costs	881	1,282	6,686	3,180
Placement fees	15	0	3,668	0
Depreciation and amortization	9,003	5,369	26,451	16,020
Compensation expense—cash and equity-based	39,760	22,566	113,740	70,604
Compensation expense—incentive fee and carried interest allocation	72,865	80,831	72,110	109,548
Administrative expenses	9,410	4,517	23,770	13,557
Total expenses	134,994	119,229	255,444	224,259
Other gain (loss), net	(2,662)	(110)	(3,188)	(3,589)
Income (loss) from continuing operations before income taxes	99,999	47,328	134,945	110,560
Income tax benefit (expense)	15	(1,263)	(2,558)	(5,643)
Income (loss) from continuing operations	100,014	46,065	132,387	104,917
Net income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	0	25	229	(3,194)
Investment entities	43,666	19,888	77,842	67,168
Operating Company	3,957	1,919	3,814	3,043
Net income (loss) attributable to DigitalBridge Group, Inc.	52,391	24,233	50,502	37,900
Operating Segments | Operating
Revenues
Carried interest allocation	0	0	0	0
Principal investment income	0	0	0	0
Other income	319	64	1,362	116
Total revenues	214,377	225,387	681,100	655,596
Expenses
Property operating expense	94,481	100,051	289,838	278,798
Interest expense	45,305	40,770	156,574	114,187
Investment expense	5,084	5,288	15,245	18,791
Transaction-related costs	0	0	0	0
Placement fees	0	0	0	0
Depreciation and amortization	118,681	130,663	391,589	399,371
Compensation expense—cash and equity-based	21,598	30,574	75,212	70,759
Compensation expense—incentive fee and carried interest allocation	0	0	0	0
Administrative expenses	7,525	7,400	23,606	23,209
Total expenses	292,674	314,746	952,064	905,115
Other gain (loss), net	(1,612)	(4,418)	501	(3,996)
Income (loss) from continuing operations before income taxes	(79,909)	(93,777)	(270,463)	(253,515)
Income tax benefit (expense)	202	5	(241)	174
Income (loss) from continuing operations	(79,707)	(93,772)	(270,704)	(253,341)
Net income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	0	0	0	0
Investment entities	(68,743)	(76,706)	(236,724)	(206,316)
Operating Company	(773)	(1,185)	(2,491)	(3,513)
Net income (loss) attributable to DigitalBridge Group, Inc.	(10,191)	(15,881)	(31,489)	(43,512)
Corporate and Other
Revenues
Carried interest allocation	0	0	0	0
Principal investment income	16,492	10,515	48,541	32,380
Other income	9,374	9,046	31,634	29,687
Total revenues	25,048	37,798	77,496	85,314
Expenses
Property operating expense	0	5,936	0	8,482
Interest expense	1,938	9,309	8,655	21,023
Investment expense	235	2,511	351	4,361
Transaction-related costs	15	2,597	3,850	3,620
Placement fees	0	0	0	0
Depreciation and amortization	316	9,562	1,096	14,122
Compensation expense—cash and equity-based	13,356	12,404	43,404	42,515
Compensation expense—incentive fee and carried interest allocation	0	0	0	0
Administrative expenses	7,142	17,992	28,970	47,381
Total expenses	23,002	60,311	86,326	141,504
Other gain (loss), net	259,101	30,436	103,232	(162,644)
Income (loss) from continuing operations before income taxes	261,147	7,923	94,402	(218,834)
Income tax benefit (expense)	(74)	9,099	(1,369)	23,241
Income (loss) from continuing operations	261,073	17,022	93,033	(195,593)
Net income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	132	(6,467)	4,405	(28,795)
Investment entities	7,386	6,422	16,204	2,394
Operating Company	16,913	158	1,727	(17,166)
Net income (loss) attributable to DigitalBridge Group, Inc.	236,642	16,909	70,697	(152,026)
Fee income
Revenues
Income	65,240	41,263	190,108	128,418
Fee income | Operating Segments | Investment Management
Revenues
Income	66,058	42,039	192,787	130,789
Fee income | Operating Segments | Operating
Revenues
Income	0	0	0	0
Fee income | Corporate and Other
Revenues
Income	(818)	(776)	(2,679)	(2,371)
Fee income | Affiliated Entity
Revenues
Income	63,496	40,350	183,112	125,757
Property operating income
Revenues
Income	214,058	244,336	679,738	681,098
Property operating income | Operating Segments | Investment Management
Revenues
Income	0	0	0	0
Property operating income | Operating Segments | Operating
Revenues
Income	214,058	225,323	679,738	655,480
Property operating income | Corporate and Other
Revenues
Income	0	19,013	0	25,618
Other income | Affiliated Entity
Revenues
Income	$ 1,210	$ 995	$ 3,839	$ 5,693

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fee income
Other income	$ 65,240	$ 41,263	$ 190,108	$ 128,418
Affiliated Entity | Fee income
Other income	63,496	40,350	183,112	125,757
Affiliated Entity | Other income
Other income	$ 1,210	$ 995	$ 3,839	$ 5,693

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net income (loss)	$ 278,777	$ (120,987)	$ (66,083)	$ (532,752)
Changes in accumulated other comprehensive income (loss) related to:
Equity method investments	0	(1,647)	318	(4,333)
Available-for-sale debt securities	0	0	0	(6,373)
Foreign currency translation	(2,046)	(34,809)	866	(97,090)
Net investment hedges	0	10,932	0	17,916
Other comprehensive income (loss)	(2,046)	(25,524)	1,184	(89,880)
Comprehensive income (loss)	276,731	(146,511)	(64,899)	(622,632)
Comprehensive income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	132	(6,442)	4,634	(31,989)
Comprehensive income (loss) attributable to stockholders	274,499	(54,600)	70,654	(363,770)
Investment entities
Comprehensive income (loss) attributable to noncontrolling interests:
Comprehensive income (loss) attributable to noncontrolling interests	(17,725)	(80,210)	(141,825)	(192,140)
Operating Company
Comprehensive income (loss) attributable to noncontrolling interests:
Comprehensive income (loss) attributable to noncontrolling interests	$ 19,825	$ (5,259)	$ 1,638	$ (34,733)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Total Stockholders’ Equity	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Investment entities	Operating Company	Class A Common Stock	Class A Common Stock Total Stockholders’ Equity	Class A Common Stock Common Stock	Class A Common Stock Additional Paid-in Capital	Class A Common Stock Operating Company
Beginning balance at Dec. 31, 2021	$ 4,912,390	$ 2,146,934	$ 854,232	$ 5,692	$ 7,820,807	$ (6,576,180)	$ 42,383	$ 2,653,173	$ 112,283
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(332,464)	(246,557)				(246,557)		(63,045)	(22,862)
Other comprehensive income (loss)	(44,312)	(29,705)					(29,705)	(12,011)	(2,596)
Exchange of notes for common stock (Note 8)	177,818	177,818		256	177,562
Adjustment of redeemable noncontrolling interest and warrants to fair value (Note 10)	(690,000)	(690,000)			(690,000)
Deconsolidation of investment entities	(176,856)							(176,856)
Redemption of OP Units for class A common stock	(32,076)							(32,076)		$ 0	$ 2		$ 2	$ (2)
DataBank deconsolidation (Note 10)	(176,856)							(176,856)
Equity-based compensation	18,625	14,336		50	14,286			2,734	1,555
Shares canceled for tax withholdings on vested equity awards	(11,410)	(11,410)		(17)	(11,393)
Contributions from noncontrolling interests	343,006							343,006
Distributions to noncontrolling interests	(26,018)							(26,018)
Preferred stock dividends	(15,760)	(15,760)				(15,760)
Reallocation of equity (Notes 2 and 10)	0	45,174			45,099		75		(45,174)
Ending balance at Mar. 31, 2022	4,122,943	1,390,832	854,232	5,981	7,356,363	(6,838,497)	12,753	2,688,907	43,204
Beginning balance at Dec. 31, 2021	4,912,390	2,146,934	854,232	5,692	7,820,807	(6,576,180)	42,383	2,653,173	112,283
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(89,880)
Adjustment of redeemable noncontrolling interest and warrants to fair value (Note 10)	725,026
Reclassification of carried interest allocated to redeemable noncontrolling interest to noncontrolling interest in investment entities (Note 10)	(4,087)
Ending balance at Sep. 30, 2022	4,608,689	1,654,659	800,355	6,526	7,793,492	(6,941,658)	(4,056)	2,890,162	63,868
Beginning balance at Mar. 31, 2022	4,122,943	1,390,832	854,232	5,981	7,356,363	(6,838,497)	12,753	2,688,907	43,204
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(53,754)	(21,562)				(21,562)		(29,102)	(3,090)
Other comprehensive income (loss)	(20,044)	(11,346)					(11,346)	(7,772)	(926)
Adjustment of redeemable noncontrolling interest and warrants to fair value (Note 10)	(35,026)	(35,026)			(35,026)
Shares issued for redemption of redeemable noncontrolling interest (Note 10)	348,759	348,759		577	348,182
Transaction costs incurred in connection with redemption of redeemable noncontrolling interest	(7,137)	(7,137)			(7,137)
Reclassification of carried interest allocated to redeemable noncontrolling interest to noncontrolling interest in investment entities (Note 10)	4,087							4,087
Deconsolidation of investment entities	11,047							11,047
Redemption of OP Units for class A common stock										0	339	$ 4	335	(339)
Equity-based compensation	9,169	7,517		9	7,508			1,061	591
Shares canceled for tax withholdings on vested equity awards	(5,067)	(5,067)		(7)	(5,060)
Contributions from noncontrolling interests	215,790							215,790
Distributions to noncontrolling interests	(13,490)							(13,490)
Preferred stock dividends	(15,758)	(15,758)				(15,758)
Reallocation of equity (Notes 2 and 10)	0	(18,265)			(18,313)		48		18,265
Ending balance at Jun. 30, 2022	4,561,519	1,633,286	854,232	6,564	7,646,852	(6,875,817)	1,455	2,870,528	57,705
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(114,545)	(49,088)				(49,088)		(60,623)	(4,834)
Other comprehensive income (loss)	(25,524)	(5,512)					(5,512)	(19,587)	(425)
Preferred stock repurchases (Note 9)	(66,391)	(66,391)	(53,877)	(38)	(12,476)
DataBank recapitalization (Note 10)	0	170,770			170,770			(170,770)
Equity-based compensation	19,041	9,869		2	9,867			8,861	311
Shares canceled for tax withholdings on vested equity awards	(1,535)	(1,535)		(2)	(1,533)
Cost of DataBank recapitalization	(29,996)	(8,749)			(8,749)			(21,247)
Contributions from noncontrolling interests	1,502,454							1,502,454
Distributions to noncontrolling interests	(1,219,581)							(1,219,454)	(127)
Preferred stock dividends	(15,117)	(15,117)				(15,117)
Common stock dividends declared ($0.01 per share)	(1,636)	(1,636)				(1,636)
Reallocation of equity (Notes 2 and 10)	0	(11,238)			(11,239)		1		11,238
Ending balance at Sep. 30, 2022	4,608,689	1,654,659	800,355	6,526	7,793,492	(6,941,658)	(4,056)	2,890,162	63,868
Beginning balance at Jun. 30, 2022	4,561,519	1,633,286	854,232	6,564	7,646,852	(6,875,817)	1,455	2,870,528	57,705
Increase (Decrease) in Stockholders' Equity [Roll Forward]
DataBank recapitalization (Note 10)					230,200			(230,200)
Ending balance at Dec. 31, 2022	4,469,489	1,660,698	800,355	6,397	7,818,068	(6,962,613)	(1,509)	2,743,896	64,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(299,287)	(197,797)				(197,797)		(84,828)	(16,662)
Other comprehensive income (loss)	87	33					33	35	19
Preferred stock repurchases (Note 9)	(52)	(52)	(52)
Equity-based compensation	16,612	11,029		99	10,930			5,542	41
Shares canceled for tax withholdings on vested equity awards	(4,863)	(4,863)		(16)	(4,847)
Contributions from noncontrolling interests	29,684							29,684
Distributions to noncontrolling interests	(43,562)							(43,436)	(126)
Preferred stock dividends	(14,676)	(14,676)				(14,676)
Common stock dividends declared ($0.01 per share)	(1,620)	(1,620)				(1,620)
Reallocation of equity (Notes 2 and 10)	0	(431)			(429)		(2)		431
Ending balance at Mar. 31, 2023	4,151,812	1,452,321	800,303	6,480	7,823,722	(7,176,706)	(1,478)	2,650,893	48,598
Beginning balance at Dec. 31, 2022	4,469,489	1,660,698	800,355	6,397	7,818,068	(6,962,613)	(1,509)	2,743,896	64,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	1,184
Adjustment of redeemable noncontrolling interest and warrants to fair value (Note 10)	0
Reclassification of carried interest allocated to redeemable noncontrolling interest to noncontrolling interest in investment entities (Note 10)	0
Deconsolidation of investment entities							965
DataBank deconsolidation (Note 10)							965
Ending balance at Sep. 30, 2023	2,998,160	1,690,773	794,670	1,634	7,835,826	(6,941,470)	113	1,241,556	65,831
Beginning balance at Mar. 31, 2023	4,151,812	1,452,321	800,303	6,480	7,823,722	(7,176,706)	(1,478)	2,650,893	48,598
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(50,075)	(8,663)				(8,663)		(39,667)	(1,745)
Other comprehensive income (loss)	3,143	2,582					2,582	360	201
Change in common stock par value (Note 9)	0			(4,862)	4,862
Preferred stock repurchases (Note 9)	(4,706)	(4,706)	(5,633)		927
Redemption of OP Units for class A common stock										$ 0	$ 984	$ 3	$ 981	$ (984)
Equity-based compensation	25,965	21,692		11	21,681			4,232	41
Shares canceled for tax withholdings on vested equity awards	(5,354)	(5,354)		(6)	(5,348)
Contributions from noncontrolling interests	38,240							38,240
Distributions to noncontrolling interests	(13,732)							(13,608)	(124)
Preferred stock dividends	(14,660)	(14,660)				(14,660)
Common stock dividends declared ($0.01 per share)	(1,622)	(1,622)				(1,622)
Reallocation of equity (Notes 2 and 10)	0	(367)			(385)		18	(844)	1,211
Ending balance at Jun. 30, 2023	4,129,011	1,442,207	794,670	1,626	7,846,440	(7,201,651)	1,122	2,639,606	47,198
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	278,645	276,473				276,473		(17,746)	19,918
Other comprehensive income (loss)	(2,046)	(1,974)					(1,974)	21	(93)
Deconsolidation of investment entities	(1,426,470)	965					965	(1,427,435)
DataBank recapitalization (Note 10)	18,210	(14,791)			(14,791)			33,001
DataBank deconsolidation (Note 10)	(1,426,470)	965					965	(1,427,435)
Equity-based compensation	15,010	11,035		12	11,023			3,934	41
Shares canceled for tax withholdings on vested equity awards	(7,959)	(7,959)		(4)	(7,955)
Contributions from noncontrolling interests	26,907							26,907
Distributions to noncontrolling interests	(16,856)							(16,732)	(124)
Preferred stock dividends	(14,660)	(14,660)				(14,660)
Common stock dividends declared ($0.01 per share)	(1,632)	(1,632)				(1,632)
Reallocation of equity (Notes 2 and 10)	0	1,109			1,109				(1,109)
Ending balance at Sep. 30, 2023	$ 2,998,160	$ 1,690,773	$ 794,670	$ 1,634	$ 7,835,826	$ (6,941,470)	$ 113	$ 1,241,556	$ 65,831

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended				9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Common stock dividends declared (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.03	$ 0.01

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities
Net income (loss)	$ (66,083)	$ (532,752)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Paid-in-kind interest added to loan principal	(544)	(4,887)
Straight-line rent income	(6,020)	(18,417)
Amortization of above- and below-market lease values, net	1,216	(58)
Amortization of deferred financing costs and debt discount and premium, net	19,755	102,943
Unrealized carried interest allocation	(165,462)	(105,500)
Unrealized principal investment income	(51,914)	(34,429)
Other equity method (earnings) losses	13,283	37,502
Distributions of income from equity method investments	3,727	1,105
Impairment of real estate and intangible assets	0	35,985
Depreciation and amortization	419,136	431,852
Equity-based compensation	57,587	47,119
Deferred income tax (benefit) expense	(868)	(14,794)
Loss on debt extinguishment	0	133,173
Other gain (loss), net	(102,941)	29,287
Other adjustments, net	660	(494)
(Increase) decrease in other assets and due from affiliates	3,224	9,579
Increase (decrease) in accrued and other liabilities and due to affiliates	67,324	77,559
Net cash provided by (used in) operating activities	192,080	194,773
Cash Flows from Investing Activities
Contributions to and acquisition of equity investments	(470,183)	(445,039)
Return of capital from equity method investments	65,763	58,560
Proceeds from sale of equity investments	636,687	483,833
Acquisition of loans receivable and debt securities	0	(164,815)
Proceeds from paydown and maturity of debt securities	0	566
Net disbursements on originated loans	0	(215,918)
Repayments of loans receivable	6,804	23,956
Proceeds from sales of loans receivable and debt securities	0	360,773
Acquisition of and additions to real estate, related intangibles and leasing commissions	(613,109)	(1,952,718)
Proceeds from sales of real estate investment holding entities	0	(96,660)
Proceeds from sales of real estate investment holding entities	0	(189,453)
Investment deposits	(2,208)	1,051
Net receipt (payment) on settlement of derivatives	3,401	13,952
Acquisition of InfraBridge, net of cash acquired (Note 3)	(314,266)	0
Cash and restricted cash derecognized in DataBank deconsolidation	(102,448)	0
Proceeds from DataBank recapitalization, net of carried interest distribution	21,487	0
Other investing activities, net	0	(769)
Net cash provided by (used in) investing activities	(768,072)	(1,929,361)
Cash Flows from Financing Activities
Dividends paid to preferred stockholders	(44,101)	(47,629)
Dividends paid to common stockholders	(4,838)	0
Repurchases of common stock	0	(8,008)
Borrowings on corporate debt	0	290,000
Repayments of corporate debt, including senior notes	(200,000)	(304,237)
Borrowings from investment level debt	1,722,443	724,582
Repayments of investment level debt	(1,194,542)	(179,510)
Payment of deferred financing costs and prepayment penalties on investment level debt	(38,029)	(18,707)
Contributions from noncontrolling interests	95,131	2,072,900
Distributions to and redemptions of noncontrolling interests	(144,534)	(1,684,752)
Payment of contingent consideration to Wafra	(90,000)	0
Repurchases of preferred stock	(4,758)	(52,779)
Shares canceled for tax withholdings on vested equity awards	(18,176)	(18,012)
Acquisition of noncontrolling interest	0	(32,076)
Net cash provided by (used in) financing activities	78,596	741,772
Effect of exchange rates on cash, cash equivalents and restricted cash	(673)	(3,039)
Net increase (decrease) in cash, cash equivalents and restricted cash	(498,069)	(995,855)
Cash, cash equivalents and restricted cash—beginning of period	1,036,739	1,766,245
Cash, cash equivalents and restricted cash—end of period	538,670	770,390
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Roll Forward]
Cash and cash equivalents, beginning balance	918,254	1,602,102
Restricted cash, beginning balance	118,485	99,121
Restricted cash included in assets held for disposition, beginning balance	0	65,022
Cash and cash equivalents, ending balance	434,044	636,366
Restricted cash, ending balance	104,626	134,024
Total cash, cash equivalents, and restricted cash	$ 538,670	$ 770,390

Business and Organization

Business and Organization	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Organization	1. Business and Organization DigitalBridge Group, Inc. ("DBRG," and together with its consolidated subsidiaries, the "Company") is a leading global digital infrastructure investment manager. The Company deploys and manages capital on behalf of its investors and shareholders across the digital infrastructure ecosystem, including data centers, cell towers, fiber networks, small cells, and edge infrastructure. The Company's investment management platform is anchored by its flagship value-add digital infrastructure equity offerings, and has expanded to include offerings in core equity, credit and liquid securities. In February 2023, the Company further expanded its investment offerings to encompass InfraBridge, a newly-acquired mid-market global infrastructure equity platform (Note 3). In September 2023, the Company completed a recapitalization of its portfolio company, DataBank, an edge colocation data center business. As a result of an additional sell down of the Company's ownership interest in DataBank in the final closing of the recapitalization, the Company was determined to no longer hold a controlling financial interest in DataBank and deconsolidated DataBank upon completion of the recapitalization on September 14, 2023 (Note 10). Organization The Company operates as a taxable C Corporation commencing with the taxable year ended December 31, 2022, except for certain subsidiaries in the Operating segment that have elected to be taxed as real estate investment trusts for U.S. federal income tax purposes. The Company conducts all of its activities and holds substantially all of its assets and liabilities through its operating subsidiary, DigitalBridge Operating Company, LLC (the "Operating Company" or the "OP") . At September 30, 2023, the Company owned 93% of the OP ,

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The significant accounting policies of the Company are described below. Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. These statements reflect all normal and recurring adjustments which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented. However, the results of operations for the interim period presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2023, or any other future period. These interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in, or presented as exhibits to, the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The accompanying consolidated financial statements include the accounts of the Company and its controlled subsidiaries. All significant intercompany accounts and transactions have been eliminated. The portions of equity, net income (loss) and other comprehensive income (loss) of consolidated subsidiaries that are not attributable to the parent are presented separately as amounts attributable to noncontrolling interests in the consolidated financial statements. Noncontrolling interests represent predominantly the majority ownership held by third party investors in the Company's Operating segment, carried interest allocation to certain senior executives of the Company (Note 16), and membership interests in the OP primarily held by certain current and former employees of the Company. To the extent the Company consolidates a subsidiary that is subject to industry-specific guidance, such as investment company accounting applied by the Company's consolidated sponsored funds, the Company retains the industry-specific guidance applied by that subsidiary in its consolidated financial statements. Supplemental Schedules to Consolidated Balance Sheets and Consolidated Statements of Operations Beginning in 2023, the financial position and financial results of the Company's reportable segments of Investment Management and Operating, and its remaining investment activities and corporate level activities ("Corporate and Other") are presented in supplemental schedules to the consolidated balance sheets and consolidated statements of operations. The Company's reportable segments and Corporate and Other are described below under " —Segment Reporting ." The disaggregated presentation in the supplemental schedules enhances transparency and provides meaningful information to investors in understanding the Company's consolidated financial statements, specifically: • Segregation of the Investment Management segment allows for more clarity and visibility into the financial performance and financial position of the Company's core business; and • The Operating segment represents the consolidation of data center portfolio companies for which the Company has direct co-investments. This is represented by the consolidation of two portfolio companies up to mid-September 2023, after which the DataBank portfolio company was deconsolidated. The Company's direct co-investment in the remaining portfolio company was 13% at September 30, 2023 and December 31, 2022, while its ownership in DataBank was 11% at December 31, 2022 and through the final close of the recapitalization in mid-September 2023, thereafter the Company's remaining 9.87% interest in DataBank is presented within Corporate and Other (Note 10). Although the Operating segment makes up a majority of the balances and activities on a consolidated basis, DBRG's exposure and entitlement are limited to its ownership interest in the portfolio companies in the Operating segment. The liabilities of the Operating segment are obligations of the portfolio companies of the Operating segment and may only be settled using assets of the portfolio companies. The supplemental schedule to the consolidated balance sheets excludes assets and liabilities held for disposition that are related to discontinued operations, and stockholders' equity and noncontrolling interests in OP, as these equity items are not specifically attributable to reportable segments. The supplemental schedules to the consolidated statements of operations present by reportable segment the results from continuing operations attributable to DBRG, excluding discontinued operations and results attributable to common stockholders. Additionally, fee income in the Investment Management segment is presented prior to elimination of fees earned from the Company's sponsored investment vehicles that are consolidated within the Operating segment and in Corporate and Other. The elimination of intercompany fees is presented in Corporate and Other. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates and assumptions. Principles of Consolidation The Company consolidates entities in which it has a controlling financial interest by first considering if an entity meets the definition of a variable interest entity ("VIE") for which the Company is deemed to be the primary beneficiary, or if the Company has the power to control an entity through a majority of voting interest or through other arrangements. Variable Interest Entities —A VIE is an entity that either (i) lacks sufficient equity to finance its activities without additional subordinated financial support from other parties; (ii) whose equity holders lack the characteristics of a controlling financial interest; and/or (iii) is established with non-substantive voting rights. A VIE is consolidated by its primary beneficiary, which is defined as the party who has a controlling financial interest in the VIE through (a) power to direct the activities of the VIE that most significantly affect the VIE’s economic performance, and (b) obligation to absorb losses or right to receive benefits of the VIE that could be significant to the VIE. This assessment may involve subjectivity in the determination of which activities most significantly affect the VIE’s performance, and estimates about current and future fair value of the assets held by the VIE and financial performance of the VIE. In assessing its interests in the VIE, the Company also considers interests held by its related parties, including de facto agents. Additionally, the Company assesses whether it is a member of a related party group that collectively meets the power and benefits criteria and, if so, whether the Company is most closely associated with the VIE. In performing the related party analysis, the Company considers both qualitative and quantitative factors, including, but not limited to: the characteristics and size of its investment relative to the related party; the Company’s and the related party's ability to control or significantly influence key decisions of the VIE including consideration of involvement by de facto agents; the obligation or likelihood for the Company or the related party to fund operating losses of the VIE; and the similarity and significance of the VIE’s business activities to those of the Company and the related party. The determination of whether an entity is a VIE, and whether the Company is the primary beneficiary, may involve significant judgment, and depends upon facts and circumstances specific to an entity at the time of the assessment. Voting Interest Entities —Unlike VIEs, voting interest entities have sufficient equity to finance their activities and equity investors exhibit the characteristics of a controlling financial interest through their voting rights. The Company consolidates such entities when it has the power to control these entities through ownership of a majority of the entities' voting interests or through other arrangements. At each reporting period, the Company reassesses whether changes in facts and circumstances cause a change in the status of an entity as a VIE or voting interest entity, and/or a change in the Company's consolidation assessment. Changes in consolidation status are applied prospectively. An entity may be consolidated as a result of this reassessment, in which case, the assets, liabilities and noncontrolling interests in the entity are recorded at fair value upon initial consolidation. Any existing equity interest held by the Company in the entity prior to the Company obtaining control will be remeasured at fair value, which may result in a gain or loss recognized upon initial consolidation. However, if the consolidation represents an asset acquisition of a voting interest entity, the Company's existing interest in the acquired assets, if any, is not remeasured to fair value but continues to be carried at historical cost. The Company may also deconsolidate a subsidiary as a result of this reassessment, which may result in a gain or loss recognized upon deconsolidation depending on the carrying values of deconsolidated assets and liabilities compared to the fair value of any interests retained. Noncontrolling Interests Redeemable Noncontrolling Interests —This represents noncontrolling interests in sponsored open-end funds in the liquid securities strategy that are consolidated by the Company. The limited partners of these funds have the ability to withdraw all or a portion of their interests from the funds in cash with advance notice. Prior to full redemption in May 2022, there was also redeemable noncontrolling interests in the Company's investment management business, as discussed further in Note 10. Redeemable noncontrolling interests is presented outside of permanent equity. Allocation of net income or loss to redeemable noncontrolling interests is based upon their ownership percentage during the period. The carrying amount of redeemable noncontrolling interests is adjusted to its redemption value at the end of each reporting period to an amount not less than its initial carrying value, except for amounts contingently redeemable which will be adjusted to redemption value only when redemption is probable. Such adjustments will be recognized in additional paid-in capital. Noncontrolling Interests in Investment Entities —This represents predominantly the majority ownership held by third party investors in the Company's Operating segment and carried interest allocation to certain senior executives of the Company (Note 16). Excluding carried interests, allocation of net income or loss is generally based upon relative ownership interests. Noncontrolling Interests in Operating Company —This represents membership interests in OP held primarily by certain current and former employees of the Company. Noncontrolling interests in OP are allocated a share of net income or loss in OP based upon their weighted average ownership interest in OP during the period. Noncontrolling interests in OP have the right to require OP to redeem part or all of such member’s membership units in OP ("OP Units") for cash based on the market value of an equivalent number of shares of class A common stock at the time of redemption, or at the Company's election as managing member of OP, through issuance of shares of class A common stock (registered or unregistered) on a one-for-one basis. At the end of each reporting period, noncontrolling interests in OP is adjusted to reflect their ownership percentage in OP at the end of the period, through a reallocation between controlling and noncontrolling interests in OP, as applicable. Segment Reporting The Company conducts its business through two reportable segments: (i) Investment Management; and (ii) Operating, the Company's direct co-investment in digital infrastructure assets held by its portfolio companies. • Investment Management — This segment represents the Company's global investment management platform, deploying and managing capital on behalf of a diverse base of global institutional investors. The Company's investment management platform is composed of a growing number of long-duration, private investment funds designed to provide institutional investors access to investments across different segments of the digital infrastructure ecosystem. In addition to its flagship value-add digital infrastructure equity offerings, the Company's investment offerings have expanded to include core equity, credit and liquid securities. The Company earns management fees based upon the assets or capital managed in investment vehicles, and may earn incentive fees and carried interest based upon the performance of such investment vehicles, subject to achievement of minimum return hurdles. The amount of incentive fees and carried interest recognized, a portion of which is allocated to employees and former employees, may be highly variable from period to period. Earnings from the Investment Management segment were attributed 31.5% to affiliates of Wafra, Inc. (collectively, "Wafra"), a private investment firm, prior to the Company's redemption of Wafra's interest in the investment management business at the end of May 2022 (Note 10). • Operating— This segment is composed of balance sheet equity interests in digital infrastructure portfolio companies, which generally earn rental income from providing use of digital asset space and/or capacity through leases, services and other agreements. The Company owned interests in two portfolio companies: Vantage SDC, a stabilized hyperscale data center business (DBRG ownership of 13% at September 30, 2023 and December 31, 2022), and DataBank, an edge colocation data center business (DBRG ownership of 11% at December 31, 2022 and through the final close of the recapitalization and deconsolidation in mid-September 2023; thereafter, the Company's remaining 9.87% interest in DataBank is presented within Corporate and Other) (Note 10). DataBank and Vantage SDC are portfolio companies managed by the Company under its Investment Management segment with respect to equity interests funded through third party capital. The Company's remaining investment activities and corporate level activities are presented as Corporate and Other. • Other investment activities are composed of the Company's equity interests in: (i) sponsored investment vehicles, primarily the DigitalBridge Partners ("DBP") flagship funds, InfraBridge funds and funds invested in DataBank, and seed investments in liquid securities and other potential new strategies; and (ii) remaining non-digital investments. Outside of its general partner interests, which are presented in the Investment Management segment, the Company's other equity interests in its sponsored and/or managed investment vehicles as general partner affiliate are considered to be incidental to its investment management business. The primary economics to the Company are represented by fee income and carried interest allocation as general partner and/or manager, rather than economics from its equity interest in the investment vehicles as a general partner affiliate or limited partner equivalent. With respect to seed investments, these are not intended to be a long-term deployment of capital by the Company and are warehoused on the Company's balance sheet potentially until such time that sufficient third party capital has been raised from sponsored funds. Remaining non-digital investments are composed of a marketable equity security, and equity interest in a non-traded REIT that is not available for immediate sale (Note 11). These other investment activities generate largely principal investment income from sponsored funds, and to a lesser extent, revenues in the form of dividend income from consolidated investment vehicles and non-digital investments. • Corporate activities include corporate level cash and corresponding interest income, corporate level financing and related interest expense, corporate level transaction costs, costs in connection with unconsummated investments, income and expense related to cost reimbursement arrangements with affiliates, fixed assets for corporate use, compensation expense not directly attributable to the Investment Management segment, corporate level administrative and overhead costs, and adjustments to eliminate intercompany fees. Costs which are directly attributable, or otherwise can be subjected to a reasonable and systematic attribution, have been attributed to the Investment Management segment. For all periods presented prior to its deconsolidation on September 14, 2023 (Note 10), the consolidated results of operations of DataBank was included in the Operating segment as it represented the activities of a consolidated portfolio company that directly holds and operates digital infrastructure assets. The Operating segment continues to be a separate reporting segment that reflects the results of operations of Vantage SDC, the Company's remaining consolidated portfolio company. Subsequent to deconsolidation, the Company's retained interest in DataBank that is held through a sponsored investment vehicle is treated as an equity method investment for which the Company accounts only for its share of changes in the fair value of DataBank, and is presented in Corporate and Other, consistent with the treatment and presentation of the Company's interests as general partner affiliate in its other sponsored investment vehicles. Accordingly, the change in segment presentation as a result of deconsolidating DataBank does not represent a change in reporting segments and as a result, there is no change to prior period segment presentation as it relates to the Company's interest in DataBank. The results of operations of the Company's reportable segments are presented in the supplemental schedules to the consolidated statements of operations and reconciled to the consolidated statements of operations as follows: Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 (In thousands) Investment Management Operating Corporate and Other Total Investment Management Operating Corporate and Other Total Income (Loss) attributable to DigitalBridge Group, Inc. Continuing operations $ 52,391 $ (10,191) $ 236,642 $ 278,842 $ 24,233 $ (15,881) $ 16,909 $ 25,261 Discontinued operations (2,369) (74,349) Net income (loss) attributable to DigitalBridge Group, Inc. $ 276,473 $ (49,088) Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 (In thousands) Investment Management Operating Corporate and Other Total Investment Management Operating Corporate and Other Total Income (Loss) attributable to DigitalBridge Group, Inc. Continuing operations $ 50,502 $ (31,489) $ 70,697 $ 89,710 $ 37,900 $ (43,512) $ (152,026) $ (157,638) Discontinued operations (19,697) (159,569) Net income (loss) attributable to DigitalBridge Group, Inc. $ 70,013 $ (317,207) Acquisitions Definition of a Business —The Company evaluates each purchase transaction to determine whether the acquired assets meet the definition of a business. If substantially all of the fair value of gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, then the set of transferred assets and activities is not a business. If not, for an acquisition to be considered a business, it would have to include an input and a substantive process that together significantly contribute to the ability to create outputs (i.e., there is a continuation of revenue before and after the transaction). A substantive process is not ancillary or minor, cannot be replaced without significant costs, effort or delay or is otherwise considered unique or scarce. To qualify as a business without outputs, the acquired assets would require an organized workforce with the necessary skills, knowledge and experience to perform a substantive process. Asset Acquisitions —For acquisitions that are not deemed to be businesses, the assets acquired are recognized based on their cost to the Company as the acquirer and no gain or loss is recognized. The cost of assets acquired in a group is allocated to individual assets within the group based on their relative fair values and does not give rise to goodwill. Transaction costs related to acquisition of assets are included in the cost basis of the assets acquired. Business Combinations —The Company accounts for acquisitions that qualify as business combinations by applying the acquisition method. Transaction costs related to acquisition of a business are expensed as incurred and excluded from the fair value of consideration transferred. The identifiable assets acquired, liabilities assumed and noncontrolling interests in an acquired entity are recognized and measured at their estimated fair values, except as discussed below. The excess of the consideration transferred over the values of identifiable assets acquired, liabilities assumed and noncontrolling interests in an acquired entity, net of fair value of any previously held interest in the acquired entity, is recorded as goodwill. Such valuations require management to make significant estimates and assumptions. With respect to contract assets and contract liabilities acquired in a business combination, these are not accounted for under the fair value basis at the time of acquisition. Instead, the Company determines the value of these revenue contracts as if it had originated the acquired contracts by evaluating the associated performance obligations, transaction price and relative stand-alone selling price at the original contract inception date or subsequent modification dates. The estimated fair values and allocation of consideration are subject to adjustments during the measurement period, not to exceed one year, based upon new information obtained about facts and circumstances that existed at time of acquisition. Contingent Consideration —Contingent consideration is classified as a liability or equity, as applicable. Contingent consideration in connection with the acquisition of a business or a VIE is measured at fair value on acquisition date, and unless classified as equity, is remeasured at fair value each reporting period thereafter until the consideration is settled, with changes in fair value included in earnings. Contingent consideration in connection with the acquisition of assets (and that is not a VIE) is generally recognized when the liability is considered both probable and reasonably estimable, as part of the basis of the acquired assets . Discontinued Operations If the disposition of a component, being an operating or reportable segment, business unit, subsidiary or asset group, represents a strategic shift that has or will have a major effect on the Company’s operations and financial results, the operating profits or losses of the component when classified as held for sale, and the gain or loss upon disposition of the component, are presented as discontinued operations in the statements of operations. A business or asset group acquired in connection with a business combination that meets the criteria to be accounted for as held for sale at the date of acquisition is reported as discontinued operations, regardless of whether it meets the strategic shift criterion. In March 2023, the Company sold the entirety of its equity method investment in BrightSpire Capital, Inc. (NYSE: BRSP) of approximately 35.0 million shares for net proceeds totaling $201.6 million. The Company's investment in BRSP qualified as held for sale in March 2023 and its disposition represents a strategic shift that has major effects on the Company’s operations and financial results, meeting the criteria as discontinued operations as of March 2023. Accordingly, for all prior periods presented, the equity method investment in BRSP is presented as assets held for disposition on the consolidated balance sheets and equity method earnings (loss) from BRSP is presented as loss from discontinued operations on the consolidated statements of operations. In 2023, discontinued operations primarily reflect a $9.7 million impairment of BRSP shares prior to its disposition, and activities associated with equity investments excluded from the December 2021 bulk sale of the Company's non-digital investment portfolio. In addition to the above equity investments, in 2022, discontinued operations also included two months of operations of the Wellness Infrastructure business, along with other non-core assets held by a subsidiary, NRF Holdco, LLC ("NRF Holdco"), prior to the sale of all of the equity of NRF Holdco in February 2022. The sales price for 100% of the equity of NRF Holdco was $281 million, composed of $126 million cash and a $155 million unsecured promissory note, which was fully written down in March 2023, as discussed in Note 11. In 2022, the disposition of NRF Holdco resulted in a write-off of unamortized deferred financing costs on the Wellness Infrastructure debt assumed by the buyer of $92.1 million and additional impairment loss based upon final carrying value of the Wellness Infrastructure net assets. Loss from discontinued operations is summarized as follows. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Revenues $ 1,770 $ 6,375 $ 5,608 $ 88,658 Expenses (4,325) (7,601) (12,684) (245,236) Other gain (loss) (84) (80,544) (13,770) (29,733) Income tax benefit (expense) 36 (8,532) 47 (2,424) Income (Loss) from discontinued operations (2,603) (90,302) (20,799) (188,735) Income (Loss) from discontinued operations attributable to noncontrolling interests: Investment entities (55) (10,227) 437 (16,016) Operating Company (179) (5,726) (1,539) (13,150) Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc. $ (2,369) $ (74,349) $ (19,697) $ (159,569) Assets and Related Liabilities Held for Disposition The Company initially measures assets classified as held for disposition at the lower of their carrying amounts or fair value less disposal costs. For bulk sale transactions, the unit of account is the disposal group, with any excess of the aggregate carrying value over estimated fair value less costs to sell allocated to the individual assets within the group. At September 30, 2023 and December 31, 2022, all assets and related liabilities held for disposition relate to discontinued operations. Assets held for disposition of $4.0 million at September 30, 2023 consisted of equity investments excluded from the December 2021 bulk sale of the Company's non-digital investments. Additionally, at December 31, 2022, assets held for disposition of $275.5 million also included shares in BRSP of $218.0 million that were sold in March 2023 and an equity method investment carried under the fair value option of $44.5 million prior to a sale of its underlying assets and a return of capital to the Company in January 2023. Reclassifications Reclassifications have been made in connection with discontinued operations, as discussed in "— Discontinued Operations. " Additionally, the Company determined that principal investment income from its equity interest as general partner and general partner affiliate in its sponsored investment vehicles, and its entitlement to carried interest allocation, represent a core component of returns in its investment management business. Accordingly, beginning in 2023, principal investment income and carried interest allocation are presented within total revenues on the consolidated statements of operations. Prior periods have been reclassified to conform to current presentation. Accounting Standards Adopted in 2023 Contractual Sale Restriction on Equity Securities In June 2022, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions , which amends Accounting Standards Codification ("ASC") Topic 820, Fair Valu e Measurement, to clarify that a contractual sale restriction that is entity-specific is not part of the unit of account of an equity security and is therefore not considered in measuring the fair value of an equity security, in which case, a discount should not be applied. The amendment further prohibits recognizing the contractual sale restriction as a separate unit of account, that is, as a contra asset or liability. Sale restrictions that are characteristics of the holder of an equity security include, but are not limited to, lock-up agreements, market stand-off agreements, or specific provisions in agreements between shareholders. In contrast, a legal restriction preventing a security from being sold on a national securities exchange or an over-the-counter market is a security-specific characteristic as the restriction would similarly apply to a market participant buyer in an assumed sale of the security. This guidance also applies to issuers of equity securities that are subject to contractual sale restrictions, for example, equity securities issued as consideration in a business combination. The ASU requires additional disclosures related to equity securities that are subject to contractual sale restrictions, specifically (1) the fair value of such equity securities, (2) the nature and remaining duration of the restrictions, and (3) any circumstances that could cause a lapse in restrictions. The ASU is effective January 1, 2024, with early adoption permitted in the interim periods. Transition is prospective with any fair value adjustments resulting from adoption recognized in earnings and the amount adjusted disclosed in the period of adoption. For subsidiaries of the Company that are investment companies as defined in ASC Topic 946, Financial Services—Investment Companies, the ASU is applied prospectively to equity securities with contractual sale restrictions entered into or modified on or after the adoption date. For equity securities with contractual sale restrictions entered into or modified before the adoption date, the existing accounting policy continues to be applied until the restrictions expire or are modified, and if the existing accounting policy differs from the amended guidance, the additional disclosure requirements under the ASU would be applicable.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	3. Acquisitions Business Combination InfraBridge In February 2023, the Company acquired the global infrastructure equity investment management business of AMP Capital Investors International Holdings Limited, which was rebranded as InfraBridge at closing. Consideration for the acquisition consisted of $314.3 million cash consideration (net of cash assumed), subject to customary post-closing working capital adjustments, plus a contingent amount based upon achievement of future fundraising targets for InfraBridge's new global infrastructure funds. The estimated fair value of the contingent consideration is subject to remeasurement each reporting period, as discussed in Note 11. The following table summarizes the total consideration and allocation to assets acquired and liabilities assumed. The initial cash consideration was determined, in part, based upon estimated net working capital of the acquired entities at closing. The purchase price allocation is provisional and will be finalized through the one year measurement period. In the second and third quarters of 2023, certain adjustments were identified that affected the provisional accounting, as presented below. These were adjustments to net working capital and to the value of acquired interest in an InfraBridge fund based upon a revised net asset value ("NAV") of the fund, applying new information about facts and circumstances that existed at the time of acquisition. (In thousands) As Reported Measurement Period Adjustments As Revised At September 30, 2023 Consideration Cash $ 364,338 $ 1,102 $ 365,440 Estimated fair value of contingent consideration 10,874 — 10,874 $ 375,212 $ 376,314 Assets acquired and liabilities assumed Cash 51,174 — 51,174 Principal investments 130,810 (18,500) 112,310 Intangible assets 50,800 — 50,800 Other assets 27,682 8,517 36,199 Deferred tax liabilities (10,198) — (10,198) Other liabilities (21,625) (10,190) (31,815) Fair value of net assets acquired 228,643 208,470 Goodwill 146,569 21,275 167,844 $ 375,212 $ 376,314 • Principal investments represent acquired interests in InfraBridge funds, valued at their most recent net asset value ("NAV") at closing. • The investment management intangible assets of InfraBridge were composed of the following: • Management contracts are valued based upon estimated net cash flows expected to be generated from the contracts, with remaining term of the contracts ranging between 1 and 4 years, discounted at 8.0%. • Investor relationships represent the fair value of potential investment management fees, net of operating costs, to be generated from repeat InfraBridge investors in future sponsored vehicles, with a weighted average estimated useful life of 12 years, discounted at 14.0%. • Deferred tax liabilities were recognized for the book-to-tax basis difference of identifiable intangible assets acquired, net of deferred tax asset assumed. • Other assets acquired and liabilities assumed include management fee receivable and compensation payable associated with the pre-acquisition period, amounts due to InfraBridge funds and receivable from seller. • Goodwill is the value of the business acquired that is not already captured in identifiable assets, largely represented by the synergies from combining the capital raising resources of DBRG and the mid-market infrastructure specialization of the InfraBridge team. Asset Acquisitions DataBank Acquisitions by DataBank, prior to its deconsolidation in September 2023 (Note 10), were as follows: 2023 • A building in Dallas, Texas in May 2023, for purchase price of $151.0 million, funded by a combination of $121.0 million of debt and $40.8 million of equity, of which the Company's share was $8.2 million. In addition to the purchase price, the capital called was used to fund transaction costs, financing costs, and as working capital. A substantial portion of the acquired building was previously leased by DataBank as a co-location data center and corporate office. Upon termination of the DataBank lease concurrent with the acquisition, the associated ROU asset and lease liability were derecognized. 2022 • Four colocation data centers in Houston, Texas in March 2022 for $678 million, funded by a combination of $262.5 million of debt and $415.5 million of equity, of which the Company's share was $88.7 million. • A data center each in Atlanta, Georgia in May 2022 for $10.9 million, and in Denver, Colorado in February 2022 that was previously leased by its zColo subsidiary for $17.6 million. Vantage SDC Hyperscale Data Centers In connection with the Company's acquisition of Vantage SDC in July 2020 and an additional data center in September 2021, the Company and its co-investors committed to acquire the future build-out of expansion capacity, along with lease-up of the expanded capacity and existing inventory, the costs of which are borne by the previous owners of Vantage SDC. As of September 30, 2023, the remaining consideration for the incremental lease-up acquisitions is estimated to be approximately $163 million, of which $122 million is due by September 2024. Most, if not all, of the cost of the expansion capacity has been or is expected to be funded by Vantage SDC from borrowings under its credit facilities, cash from operations and/or potential capital raise. Pursuant to this arrangement, Vantage SDC had one new tenant lease that commenced in 2023, and 15 new tenant leases that commenced in 2022 related to a portion of the expansion capacity for aggregate consideration of $31.6 million and $161.3 million, respectively. All of these payments were made to the previous owners of Vantage SDC and are treated as asset acquisitions. Tower Assets In June 2022, the Company acquired the mobile telecommunications tower business (“TowerCo”) of Telenet Group Holding NV (Euronext Brussels: TNET) for €740.1 million or $791.3 million (including transaction costs) . In December 2022, our interest in the temporarily warehoused TowerCo investment was transferred to the Company's new core equity fund and TowerCo was deconsolidated. The TowerCo assets acquired had included owned tower sites, tower sites subject to third party leases that gave rise to right-of-use lease assets and corresponding lease liabilities, equipment, as well as customer relationships related primarily to a master lease agreement with Telenet as lessee. The acquisition had been funded through $326.1 million of debt, $278.1 million of equity from the Company, and $213.8 million in third party equity. In addition to the purchase price, the funds had been used to finance transaction costs, debt issuance costs, working capital and as operating cash. Prior to transfer, TowerCo was presented within Corporate and Other. The following table summarizes the allocation of cash consideration to assets acquired, which includes capitalized transaction costs. 2023 2022 (In thousands) Acquisition by DataBank Vantage SDC Expansion Capacity TowerCo Acquisitions by DataBank Vantage SDC Expansion Capacity Purchase price allocation Real estate $ 153,944 $ 26,578 $ 363,121 $ 627,474 $ 140,140 Intangible assets 1,993 5,070 673,218 77,885 21,162 ROU and other assets — — 234,462 3,994 — Deferred tax liabilities — — (243,223) — — Intangible, lease and other liabilities (1,334) — (236,324) (2,839) — $ 154,603 $ 31,648 $ 791,254 $ 706,514 $ 161,302 • Real estate was valued based upon (i) current replacement cost for buildings (in an as-vacant state) and improvements, estimated using construction cost guidelines, or the income approach for a substantially leased building by discounting estimated future net operating income with terminal value determined using a terminal capitalization rate of 6.5% and applying a discount rate of 7.25%; (ii) current replacement cost for data center infrastructure by applying an estimated cost per kilowatt based upon current capacity of each location and also considering the associated indirect costs such as design, engineering, construction and installation; (iii) current replacement cost for towers in consideration of their remaining economic life; and (iv) recent comparable sales or current listings for land. Useful lives of real estate acquired range from 35 to 55 years for buildings and improvements, 1 to 15 years for site improvements, 1 to 4 years for tenant improvements, 11 to 71 years for towers and related equipment, and 11 to 30 years for data center infrastructure. • Lease-related intangibles for real estate acquisitions were composed of the following: • In-place leases reflect the value of rental income forgone if the properties had been acquired vacant, and the leasing commissions, legal and marketing costs that would have been incurred to lease up the properties, discounted at rates between 4.75% and 7.25%, with remaining lease terms ranging between 1 and 15 years. • Above- and below-market leases represent the rent differential for the remaining lease term between contractual rents of acquired leases and market rents at the time of acquisition, discounted at rates between 6.0% and 11.25% with remaining lease terms ranging between 1 and 4 years. • Tenant relationships represent the estimated net cash flows attributable to the likelihood of lease renewal by an existing tenant relative to the cost of obtaining a new lease, taking into consideration the estimated time it would require to execute a new lease or backfill a vacant space, discounted at rates between 4.75% and 11.25%, with estimated useful lives between 5 and 15 years. • Customer service contracts were valued based upon estimated net cash flows generated from the zColo customer service contracts that would have been forgone if such contracts were not in place, taking into consideration the time it would require to execute a new contract, with remaining term of the contracts ranging between 1 and 6 years. • Customer relationships for towers were valued as the estimated future cash flows to be generated over the life of the tenant relationships based upon rental rates, operating costs, expected renewal terms and attrition, discounted at 6.8%, with estimated useful lives between 19 and 45 years. • Deferred tax liabilities were recognized for the book-to-tax basis differences associated with the acquisition of TowerCo. • Other assets acquired and liabilities assumed include primarily lease ROU assets associated with leasehold ground space hosting tower communication sites, along with corresponding lease liabilities. Lease liabilities were measured based upon the present value of future lease payments over the lease term, discounted at the incremental borrowing rate of the respective acquiree entities.

Investments

Investments	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments	4. Investments The Company's equity and debt investments are represented by the following: (In thousands) September 30, 2023 December 31, 2022 Investment Management Equity method investments Principal investments $ 59,668 $ 51,665 Carried interest allocation 506,736 341,749 566,404 393,414 Other equity investment 2,488 1,913 Total Investment Management 568,892 395,327 Operating Debt investments—loan receivable — 4,638 Corporate and Other Equity method investments—Principal investments 990,289 358,846 Equity investments of consolidated funds 178,176 185,845 Other equity investments 91,697 113,111 Debt investments CLO subordinated notes 50,927 50,927 Loan receivable — 133,307 Total Corporate and Other 1,311,089 842,036 Total Investments $ 1,879,981 $ 1,242,001 Equity Method Investments Principal Investments Principal investments totaling $1.05 billion at September 30, 2023 and $410.5 million at December 31, 2022 represent investments in the Company's sponsored investment vehicles, accounted for as equity method investments as the Company exerts significant influence in its role as general partner. The Company typically has a small percentage interest in its sponsored funds as general partner or special limited partner (presented in the Investment Management segment). The Company also has additional investment as general partner affiliate alongside the funds' limited partners, primarily with respect to the Company's flagship value-add funds, DigitalBridge Partners, LP ("DBP I") and DigitalBridge Partners II, LP ("DBP II"), InfraBridge funds and funds invested in DataBank (presented within Corporate and Other). The Company's proportionate share of net income (loss) from investments in its sponsored investment vehicles, which includes unrealized gain (loss) from changes in fair value of the underlying fund investments, is recorded in principal investment income on the consolidated statements of operations. Carried Interest Allocation Carried interest allocation represents a disproportionate allocation of returns to the Company, as general partner or special limited partner (which may be paid to the special limited partner entity owned by the Company in place of the general partner entity), based upon the extent to which cumulative performance of a sponsored fund exceeds minimum return hurdles. Carried interest allocation generally arises when appreciation in value of the underlying investments of the fund exceeds the minimum return hurdles, after factoring in a return of invested capital and a return of certain costs of the fund pursuant to terms of the governing documents of the fund. The amount of carried interest allocation recognized is based upon the cumulative performance of the fund if it were liquidated as of the reporting date. Unrealized carried interest allocation is driven primarily by changes in fair value of the underlying investments of the fund, which may be affected by various factors, including but not limited to: the financial performance of the portfolio company, economic conditions, foreign exchange rates, comparable transactions in the market, and equity prices for publicly traded securities. For funds that have exceeded the minimum return hurdle but have not returned all capital to the limited partners, unrealized carried interest allocation may be subject to reversal over time as preferred returns continue to accrue on unreturned capital. Realization of carried interest allocation occurs upon disposition of all underlying investments of the fund, or in part with each disposition. Generally, carried interest allocation is distributed upon profitable disposition of an investment if at the time of distribution, cumulative returns of the fund exceed minimum return hurdles. Depending on the final realized value of all investments at the end of the life of a fund (and, with respect to certain funds, periodically during the life of the fund), if it is determined that cumulative carried interest allocation distributed has exceeded the final carried interest allocation amount earned (or amount earned as of the calculation date), the Company is obligated to return the excess carried interest allocation received. Therefore, carried interest allocation distributed may be subject to clawback if decline in investment values results in cumulative performance of the fund falling below minimum return hurdles in the interim period. If it is determined that the Company has a clawback obligation, a liability would be established based upon a hypothetical liquidation of the net assets of the fund at reporting date. The actual determination and required payment of any clawback obligation would generally occur after final disposition of the investments of the fund or otherwise as set forth in the governing documents of the fund. Carried interest allocation on the balance sheet date represents unrealized carried interest allocation in connection with sponsored funds that are currently in the early stage of their lifecycle. Carried interest allocation is presented gross of accrued carried interest compensation (Note 7). Carried Interest Distributed During the three and nine months ended September 30, 2023, carried interest of $27.9 million and $28.4 million, respectively, were distributed and recognized in carried interest allocations, of which $0.8 million of the distributed carried interest in the nine months ended September 30, 2023 was allocated to current and former employees and to Wafra (Note 10), and recorded as carried interest compensation, other loss, and amounts attributable to noncontrolling interests (Note 16). During the three and nine months ended September 30, 2022, carried interest of $123.5 million (including $51.2 million that had been previously accrued) was distributed and recognized in carried interest allocations, of which $103.2 million of the distributed carried interest (including $45.9 million that had been previously accrued) was allocated to current and former employees and to Wafra, and recorded as carried interest compensation and amounts attributable to noncontrolling interests. Clawback Obligation The Company did not have a liability for clawback obligations on carried interest allocation distributed to-date as of September 30, 2023 and December 31, 2022. With respect to funds that have distributed carried interest, if in the event all of their investments are deemed to have no value, the likelihood of which is remote, carried interest distributed of $180.9 million would be subject to clawback as of September 30, 2023, of which $116.5 million would be the responsibility of the employee and former employee recipients. For this purpose, a portion of the carried interest is generally held back from these recipients at the time of distribution. The amount withheld resides in entities outside of the Company. Generally, the Company, through the OP, has guaranteed the clawback obligation of its subsidiaries that act as general partner or special limited partner of its respective sponsored funds, for the benefit of these funds and their limited partners. Equity Investments of Consolidated Funds The Company consolidates sponsored funds in which it has more than an insignificant equity interest in the fund as general partner, as discussed in Note 12. Equity investments of consolidated funds are composed of marketable equity securities held by funds in the liquid securities strategy, and equity interests held by a credit fund in pooling entities that invest in loan assets. Equity investments of consolidated funds are carried at fair value with changes in fair value recorded in other gain (loss) on the consolidated statements of operations. Other Equity Investments Other equity investments totaling $94.2 million at September 30, 2023 and $115.0 million at December 31, 2022 include investments warehoused potentially for future sponsored funds, a marketable equity security and equity interest in a non-traded REIT (Note 11) (presented within Corporate and Other), as well as an investment in a managed account (presented in the Investment Management segment). These investments are generally carried at fair value or under the measurement alternative, which is at cost, adjusted for impairment and observable price changes. Dividends or other distributions from these investments are recorded in other income while changes in the value of these investments are recorded in other gain (loss) on the consolidated statements of operations. Debt Investments Debt investments are composed of subordinated notes in a third party collateralized loan obligation ("CLO") and at December 31, 2022, loans receivable. Interest income from debt investments are recorded in other income. CLO Subordinated Notes In the third quarter of 2022, bank syndicated loans that the Company previously warehoused were transferred into a third party warehouse entity at their acquisition price totaling $232.7 million, and securitized through the issuance of CLO securities. The corresponding warehouse facility of $172.5 million was concurrently repaid. The CLO is sponsored and managed by the third party. The Company acquired all of the subordinated notes of the CLO, which are classified as available-for-sale ("AFS") debt securities. The CLO has a stated legal final maturity of 2035. The balance of the CLO subordinated notes is summarized as follows: Amortized Cost without Allowance for Credit Loss Allowance for Credit Loss Gross Cumulative Unrealized (in thousands) Gains Losses Fair Value At September 30, 2023 and December 31, 2022 $ 50,927 $ — $ — $ — $ 50,927 In estimating fair value of the CLO subordinated notes, the Company used a benchmarking approach by looking to the implied credit spreads derived from observed prices on recent comparable CLO issuances, and also considering the current size and diversification of the CLO collateral pool, and projected return on the subordinated notes. Based upon these data points, the Company determined that the issued price of the subordinated notes in September 2022 was a reasonable representation of their fair value at September 30, 2023 and December 31, 2022, classified as Level 3 of the fair value hierarchy. Loans Receivable At September 30, 2023, there was no outstanding balance on loans receivable. Activities in the loans receivable balance is discussed further in Note 11.

Real Estate

Real Estate	9 Months Ended
	Sep. 30, 2023
Real Estate [Abstract]
Real Estate	5. Real Estate In September 2023, the Company deconsolidated DataBank. All real estate related amounts in 2023 below reflect the effect of the deconsolidation. The following table summarizes the Company's real estate held for investment by subsidiaries in the Operating segment. (In thousands) September 30, 2023 December 31, 2022 Land $ 117,409 $ 257,588 Buildings and improvements 923,308 1,573,605 Data center infrastructure 2,450,515 4,427,150 Construction in progress 25,155 395,393 3,516,387 6,653,736 Less: Accumulated depreciation (465,810) (732,438) Real estate assets, net $ 3,050,577 $ 5,921,298 Real Estate Depreciation Depreciation of real estate held for investment was $86.2 million and $91.3 million for the three months ended September 30, 2023 and 2022, respectively, and $272.9 million and $257.7 million for the nine months ended September 30, 2023 and 2022. Property Operating Income Components of property operating income are as follows. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Lease income: Fixed lease income $ 158,905 $ 195,701 $ 514,862 $ 537,213 Variable lease income 37,434 29,453 105,123 86,668 196,339 225,154 619,985 623,881 Data center service revenue 16,995 18,925 56,993 56,903 Other property operating income 724 257 2,760 314 $ 214,058 $ 244,336 $ 679,738 $ 681,098

Goodwill, Deferred Leasing Cost

Goodwill, Deferred Leasing Costs and Other Intangibles	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Deferred Leasing Costs and Other Intangibles	6. Goodwill, Deferred Leasing Costs and Other Intangibles Goodwill The following table presents changes in goodwill by reportable segment. Nine Months Ended September 30, 2023 2022 (In thousands) Investment Management (1) Operating Total Investment Management (1) Operating Total Beginning balance $ 298,248 $ 463,120 $ 761,368 $ 298,248 $ 463,120 $ 761,368 Business combination (Note 3) 167,844 — 167,844 — — — Deconsolidation (Note 10) — (463,120) (463,120) — — — Ending balance $ 466,092 $ — $ 466,092 $ 298,248 $ 463,120 $ 761,368 __________ (1) Remaining goodwill deductible for income tax purposes was $114.4 million at September 30, 2023 and $122.4 million at December 31, 2022. Deferred Leasing Costs, Other Intangible Assets and Intangible Liabilities All 2023 amounts below reflect the effect of the deconsolidation of DataBank in September 2023, where applicable. Deferred leasing costs and identifiable intangible assets and liabilities are as follows. September 30, 2023 December 31, 2022 (In thousands) Carrying Amount (1)(2) Accumulated Amortization (1)(2) Net Carrying Amount (1) Carrying Amount (1) Accumulated Amortization (1) Net Carrying Amount (1) Deferred Leasing Costs and Intangible Assets Investment management intangibles (3) $ 202,215 $ (94,953) $ 107,262 $ 164,189 $ (82,432) $ 81,757 Deferred leasing costs and lease-related intangible assets (4) 817,983 (230,996) 586,987 1,239,477 (397,975) 841,502 Customer relationships and service contracts (5) — — — 218,154 (62,788) 155,366 Trade names 4,300 (1,799) 2,501 26,400 (15,656) 10,744 Other (6) 1,519 (515) 1,004 6,818 (4,020) 2,798 Total deferred leasing costs and intangible assets $ 1,026,017 $ (328,263) $ 697,754 $ 1,655,038 $ (562,871) $ 1,092,167 Intangible Liabilities Lease intangible liabilities (4) $ 26,716 $ (5,883) $ 20,833 $ 46,636 $ (16,812) $ 29,824 __________ (1) Presented net of impairments and write-offs, if any. (2) Exclude intangible assets and liabilities that were fully amortized in prior years. (3) Composed of investment management contracts and investor relationships. (4) Lease intangible assets are composed of in-place leases, above-market leases and tenant relationships. Lease-intangible liabilities are composed of below-market leases. (5) In connection with data center services provided in the colocation data center business which was deconsolidated in September 2023. (6) Represents primarily the value of an acquired domain name and assembled workforce in an asset acquisition. Amortization of Intangible Assets and Liabilities The following table summarizes amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Net increase (decrease) to rental income (1) $ 383 $ (3) $ 457 $ 172 Amortization expense Investment management intangibles $ 8,685 $ 5,066 $ 25,496 $ 15,176 Deferred leasing costs and lease-related intangibles 25,120 34,834 92,488 118,941 Customer relationships and service contracts 3,392 7,754 11,853 18,554 Trade name 911 1,098 3,107 3,294 Other 395 477 1,354 1,431 $ 38,503 $ 49,229 $ 134,298 $ 157,396 __________ (1) Represents the net effect of amortizing above- and below-market leases. The following table presents the future amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities . Year Ending December 31, (In thousands) Remaining 2023 2024 2025 2026 2027 2028 and thereafter Total Net increase (decrease) to rental income $ (447) $ (1,759) $ (1,875) $ (1,301) $ (1,049) $ 1,043 $ (5,388) Amortization expense 25,155 90,489 83,319 73,978 64,047 334,545 671,533

Restricted Cash, Other Assets a

Restricted Cash, Other Assets and Other Liabilities	9 Months Ended
	Sep. 30, 2023
Restricted Cash, Other Assets And Other Liabilities [Abstract]
Restricted Cash, Other Assets and Other Liabilities	7. Restricted Cash, Other Assets and Other Liabilities All 2023 amounts in the tables below reflect the effect of the deconsolidation of DataBank in September 2023, where applicable. Restricted Cash Restricted cash represents principally cash reserves that are maintained pursuant to the governing agreements of the various securitized debt of the Company and subsidiaries in the Operating segment. Other Assets The following table summarizes the Company's other assets. (In thousands) September 30, 2023 December 31, 2022 Straight-line rents $ 52,470 $ 42,721 Investment deposits and pending deal costs 310 1,377 Derivative assets — 11,793 Prepaid taxes and deferred tax assets, net 11,197 8,709 Receivables from resolution of investment 350 14,923 Operating lease right-of-use asset—corporate offices 34,749 23,689 Operating lease right-of-use asset—investment properties — 305,760 Finance lease right-of-use asset—investment properties — 120,261 Accounts receivable, net (1) 30,438 66,059 Prepaid expenses 16,361 28,760 Other assets 11,374 15,798 Fixed assets, net (2) 8,091 14,200 Total other assets $ 165,340 $ 654,050 __________ (1) Includes primarily receivables from tenants in the Operating segment. (2) Net of accumulated depreciation of $8.4 million at September 30, 2023 and $17.9 million at December 31, 2022 . Other Liabilities The following table summarizes the Company's other liabilities: (In thousands) September 30, 2023 December 31, 2022 Deferred investment management fees (1) $ 8,918 $ 6,264 Other deferred income (2) 36,174 55,188 Interest payable—corporate debt 1,181 4,431 Interest payable—investment level debt 3,420 5,624 Common and preferred stock dividends payable 16,418 16,491 Securities sold short—consolidated funds 43,832 40,928 Due to custodians—consolidated funds 9,548 35,458 Current and deferred income tax liability 7,304 98 Contingent consideration payable—InfraBridge (Note 11) 11,203 — Contingent consideration payable—Wafra (Note 10) 35,000 125,000 Warrants issued to Wafra (Note 10) 41,400 17,700 Operating lease liability—corporate offices 49,954 40,497 Operating lease liability—investment properties — 282,433 Finance lease liability—investment properties — 135,624 Accrued compensation 48,756 52,031 Accrued incentive fee and carried interest compensation 242,402 171,086 Accrued real estate and other taxes 6,569 21,580 Payable for Vantage SDC expansion capacity (3) 38,538 56,889 Accounts payable and accrued expenses 45,118 185,900 Due to affiliates (Note 16) 13,055 12,451 Other liabilities 9,782 6,423 Other liabilities $ 668,572 $ 1,272,096 __________ (1) Deferred investment management fees are expected to be recognized as fee income over a weighted average period of 2.8 years as of September 30, 2023 and 2.9 years as of December 31, 2022. Deferred investment management fees recognized as income of $1.5 million and $0.6 million in the three months ended September 30, 2023 and 2022 , respectively, and $2.8 million and $3.1 million in the nine months ended September 30, 2023 and 2022, respectively, pertain to the deferred management fee balance at the beginning of each respective period. (2) Represents primarily prepaid rental income and upfront payment received for data center installation services in the Operating segment. (3) Represents deferred purchase consideration associated with a Vantage SDC add-on acquisition in 2021 that is to be paid upon future lease-up. Deferred Income Taxes The Company has significant deferred tax assets, related principally to capital loss carryforwards, outside basis difference in DBRG's interest in the OP, outside basis difference in investment in partnerships and net operating losses generated by a taxable U.S. subsidiary. As of September 30, 2023 and December 31, 2022 , a full valuation allowance has been established as the realizability of these deferred tax assets did not meet the more-likely-than-not threshold. As a result, income tax expense in 2023 generally reflects the income tax effect of foreign subsidiaries.

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	8. Debt Corporate Debt —This is composed of a securitized financing facility and senior notes issued by DigitalBridge Group, Inc. or the OP and are recourse to the Company, as discussed further below. Corporate debt is presented within Corporate and Other, except that a portion of the securitized financing facility is allocated to the Investment Management and Operating segments consistent with the cash flows that service the debt and the underlying collateral that resides across the Company's various lines of business. September 30, 2023 December 31, 2022 (In thousands) Investment Management Operating Corporate and Other Total Investment Management Operating Corporate and Other Total Corporate debt Securitized financing facility $ 199,745 $ 70,499 $ 23,499 $ 293,743 $ 198,677 $ 70,120 $ 23,374 $ 292,171 Convertible and exchangeable senior notes — — 77,378 77,378 — — 276,741 276,741 $ 199,745 $ 70,499 $ 100,877 $ 371,121 $ 198,677 $ 70,120 $ 300,115 $ 568,912 Investment-level Debt —This represents non-recourse debt, including: (i) investment level financing in the Operating segment, which excludes DataBank following deconsolidation in September 2023; and (ii) debt within consolidated funds and debt on warehoused investments, if any, in Corporate and Other. The components that make up the carrying value of corporate and investment-level debt are as follows. Corporate Debt (In thousands) Securitized Financing Facility Convertible and Exchangeable Senior Notes Total Non-Recourse Investment-Level Debt September 30, 2023 Debt at amortized cost Principal $ 300,000 $ 78,422 $ 378,422 $ 2,806,408 Premium (discount), net — (933) (933) 5,119 Deferred financing costs (6,257) (111) (6,368) (25,475) $ 293,743 $ 77,378 $ 371,121 $ 2,786,052 December 31, 2022 Debt at amortized cost Principal $ 300,000 $ 278,422 $ 578,422 $ 4,634,235 Premium (discount), net — (1,293) (1,293) 10,713 Deferred financing costs (7,829) (388) (8,217) (57,720) $ 292,171 $ 276,741 $ 568,912 $ 4,587,228 The following table summarizes certain key terms of corporate and investment-level debt. Fixed Rate Variable Rate Total ($ in thousands) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) September 30, 2023 Corporate debt Recourse Securitized financing facility (3) $ 300,000 3.93 % 3.0 $ — NA 3.0 $ 300,000 3.93 % 3.0 Exchangeable senior notes 78,422 5.75 % 1.8 — NA NA 78,422 5.75 % 1.8 $ 378,422 $ — $ 378,422 Investment-Level Secured Debt Non-recourse Operating segment $ 2,801,748 2.84 % 2.7 $ — NA NA $ 2,801,748 2.84 % 2.7 Corporate and Other—Consolidated fund — NA NA 4,660 6.92 % 0.9 4,660 6.92 % 0.9 $ 2,801,748 $ 4,660 $ 2,806,408 December 31, 2022 Corporate debt Recourse Securitized financing facility (3) $ 300,000 3.93 % 3.7 $ — NA 3.7 $ 300,000 3.93 % 3.7 Convertible and exchangeable senior notes 278,422 5.21 % 0.9 — NA NA 278,422 5.21 % 0.9 $ 578,422 $ — $ 578,422 Investment-Level Secured Debt Non-recourse Operating segment $ 3,640,235 2.43 % 3.1 $ 993,500 8.41 % 2.6 $ 4,633,735 3.71 % 3.0 Corporate and Other—Consolidated fund — NA NA 500 5.96 % 1.6 500 5.96 % 1.6 $ 3,640,235 $ 994,000 $ 4,634,235 __________ (1) Calculated based upon outstanding debt principal at balance sheet date. For variable rate debt, weighted average interest rate is calculated based upon the applicable index plus spread at balance sheet date. (2) Calculated based upon anticipated repayment dates for notes issued under securitization financing; otherwise based upon initial maturity dates, or extended maturity dates if extension criteria are met for extensions that are at the Company's option. (3) Represent obligations of special-purpose subsidiaries of the OP as co-issuers and certain other special-purpose subsidiaries of DBRG, and secured by assets of these special-purpose subsidiaries, as further described below. DBRG and the OP are not guarantors to the debt. Corporate Debt — Securitized Financing Facility In July 2021, special-purpose subsidiaries of the OP (the "Co-Issuers") issued Series 2021-1 Secured Fund Fee Revenue Notes, composed of: (i) $300 million aggregate principal amount of 3.933% Secured Fund Fee Revenue Notes, Series 2021-1, Class A-2 (the “Class A-2 Notes”); and (ii) up to $300 million (following a $100 million increase in April 2022) Secured Fund Fee Revenue Variable Funding Notes, Series 2021-1, Class A-1 (the “VFN” and, together with the Class A-2 Notes, the “Series 2021-1 Notes”). The VFN allow the Co-Issuers to borrow on a revolving basis. The Series 2021-1 Notes were issued under an Indenture dated July 2021, as amended in April 2022, that allows the Co-Issuers to issue additional series of notes in the future, subject to certain conditions. The Series 2021-1 Notes replaced the Company's previous corporate credit facility. The Series 2021-1 Notes represent obligations of the Co-Issuers and certain other special-purpose subsidiaries of DBRG, and neither DBRG, the OP nor any of its other subsidiaries are liable for the obligations of the Co-Issuers. The Series 2021-1 Notes are secured by net investment management fees earned by subsidiaries of DBRG, equity interests in portfolio companies in the Operating segment and limited partnership interests in certain sponsored funds held by subsidiaries of DBRG, as collateral. The Class A-2 Notes bear interest at a rate of 3.933% per annum, payable quarterly. The VFN bear interest generally based upon 1-month Adjusted Term Secured Overnight Financing Rate or SOFR (prior to April 2022, 3-month LIBOR) or an alternate benchmark as set forth in the purchase agreement of the VFN plus 3%. Unused capacity under the VFN facility is subject to a commitment fee of 0.5% per annum. The final maturity date of the Class A-2 Notes is in September 2051, with an anticipated repayment date in September 2026. The anticipated repayment date of the VFN is in September 2024, subject to two one-year extensions at the option of the Co-Issuers. If the Series 2021-1 Notes are not repaid or refinanced prior to their anticipated repayment date, or such date is not extended for the VFN, interest will accrue at a higher rate and the Series 2021-1 Notes will begin to amortize quarterly. The Series 2021-1 Notes may be optionally prepaid, in whole or in part, prior to their anticipated repayment dates. There is no prepayment penalty on the VFN. However, prepayment of the Class A-2 Notes will be subject to additional consideration based upon the difference between the present value of future payments of principal and interest and the outstanding principal of such Class A-2 Note that is being prepaid; or 1% of the outstanding principal of such Class A-2 Note that is being prepaid in connection with a disposition of collateral. The Indenture of the Series 2021-1 Notes contains various covenants, including financial covenants that require the maintenance of minimum thresholds for debt service coverage ratio and maximum loan-to-value ratio, as defined. As of the date of this filing, the Co-Issuers are in compliance with all of the financial covenants, and the full $300 million under the VFN is available to be drawn. Corporate Debt — Convertible and Exchangeable Senior Notes Convertible and exchangeable senior notes (collectively, the senior notes) are composed of the following, representing senior unsecured obligations of DigitalBridge Group, Inc. or the OP as issuers of the senior notes: Description Issuance Date Due Date Interest Rate (per annum) Conversion or Exchange Price (per share of common stock) Conversion or Exchange Ratio (in shares) (1) Conversion or Exchange Shares (in thousands) Earliest Redemption Date Outstanding Principal September 30, 2023 December 31, 2022 Issued by DigitalBridge Group, Inc. 5.00% Convertible Senior Notes (2) April 2013 April 15, 2023 5.00 % $ 63.02 15.8675 3,174 April 22, 2020 $ — $ 200,000 Issued by DigitalBridge Operating Company, LLC 5.75% Exchangeable Senior Notes July 2020 July 15, 2025 5.75 % 9.20 108.6956 8,524 July 21, 2023 78,422 78,422 $ 78,422 $ 278,422 __________ (1) The conversion or exchange ratio for the senior notes is subject to periodic adjustments to reflect certain carried-forward adjustments relating to common stock splits, reverse stock splits, common stock adjustments in connection with spin-offs and cumulative cash dividends paid on the Company's common stock since the issuances of the senior notes. The ratios are presented in shares of common stock per $1,000 principal of each senior note. (2) Fully repaid in April 2023. The senior notes mature on their due dates, unless earlier redeemed, repurchased, or exchanged. The outstanding senior notes are exchangeable at any time by holders of such notes into shares of the Company’s common stock at the applicable exchange rate, which is subject to adjustment upon occurrence of certain events. To the extent certain trading conditions of the Company’s common stock are met, the senior notes are redeemable by the issuer in whole or in part for cash at any time on or after their earliest redemption dates at a redemption price equal to 100% of the principal amount of such senior notes being redeemed, plus accrued and unpaid interest (if any) up to, but excluding, the redemption date. In the event of certain change in control transactions, holders of the senior notes have the right to require the issuer to purchase all or part of such holder's senior notes for cash in accordance with terms of the governing documents of the senior notes. Exchange of Senior Notes For Common Stock and Cash There were no exchange transactions in 2023. In March 2022, DBRG and the OP completed separate privately negotiated exchange transactions with certain noteholders of the 5.75% exchangeable notes. The Company exchanged in aggregate $60.3 million of outstanding principal of the 5.75% exchangeable notes into 6,389,366 shares of the Company's class A common stock and paid $13.9 million of cash. The exchanges resulted in a debt extinguishment loss of $133.2 million, calculated as the excess of consideration paid over the carrying value of the notes exchanged, and recorded in other loss on the consolidated statement of operations. Consideration was measured at fair value based upon the closing price of the Company's class A common stock on the date of the respective exchanges, and cash paid, net of transaction costs. The exchanges did not qualify as debt conversion and were treated as debt extinguishment as the Company issued less than the number of shares issuable under the stated exchange ratio of 108.696 shares per $1,000 of note principal exchanged. Non-Recourse Investment-Level Secured Debt These are investment level financing that are non-recourse to DBRG and are primarily secured by data center portfolios held by subsidiaries in the Operating segment, which excludes DataBank following deconsolidation in September 2023. At September 30, 2023, the remaining subsidiary in the Operating segment was in compliance with the financial covenants underlying the respective investment-level secured debt. In 2023, subsidiaries in the Operating segment refinanced or raised additional debt, primarily through new securitization transactions, as follows. There were no securitization activities in 2022. In February 2023, DataBank issued $715 million of securitized notes at fixed rate coupon of 5.12% per annum (7.07% per annum effective rate as the notes were issued at a discount) with a 5-year anticipated repayment date. Separately, DataBank secured a $350 million credit facility that may be drawn over time and obtained $121.0 million financing for a data center acquisition (Note 3). Proceeds were also applied principally to refinance the data center assets of its zColo subsidiary and to repay the outstanding balance of its variable funding notes. In March 2023, Vantage SDC issued $370 million of securitized notes at a fixed rate coupon of 6.32% per annum with a 5-year anticipated repayment date. Proceeds were applied principally to repay previously issued securitized notes which had an anticipated repayment date in November 2023 and the outstanding balance of its variable funding notes. Future Minimum Principal Payments The following table summarizes future scheduled minimum principal payments of debt at September 30, 2023. Future debt principal payments are presented based upon anticipated repayment dates for notes issued under securitization financing, or based upon initial maturity dates or extended maturity dates if extension criteria are met at September 30, 2023 for extensions that are at the option of the respective borrower entities. (In thousands) Remaining 2023 2024 2025 2026 2027 2028 and thereafter Total Corporate debt Securitized financing facility $ — $ — $ — $ 300,000 $ — $ — $ 300,000 Exchangeable senior notes — — 78,422 — — — 78,422 $ — $ — $ 78,422 $ 300,000 $ — $ — $ 378,422 Non-recourse investment-level secured debt Operating segment $ 995 $ 600,753 $ 700,000 $ 530,000 $ 600,000 $ 370,000 $ 2,801,748 Corporate and Other—Consolidated fund — 4,660 — — — — 4,660 $ 995 $ 605,413 $ 700,000 $ 530,000 $ 600,000 $ 370,000 $ 2,806,408

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders' Equity	9. Stockholders' Equity The table below summarizes the share activities of the Company's preferred stock and common stock. Number of Shares (In thousands) Preferred Stock Class A Common Stock Class B Common Stock Shares outstanding at December 31, 2021 35,340 142,144 166 Stock repurchases (2,229) (945) — Exchange of notes for class A common stock — 6,389 — Shares issued upon redemption of OP Units — 100 — Shares issued for redemption of redeemable noncontrolling interest (Note 10) — 14,435 — Equity awards issued, net of forfeitures — 1,533 — Shares canceled for tax withholding on vested equity awards — (681) — Shares outstanding at September 30, 2022 33,111 162,975 166 Shares outstanding at December 31, 2022 33,111 159,763 166 Stock repurchases (235) — — Shares issued upon redemption of OP Units — 253 — Equity awards issued, net of forfeitures — 4,815 — Shares canceled for tax withholding on vested equity awards — (1,567) — Shares outstanding at September 30, 2023 32,876 163,264 166 Preferred Stock In the event of a liquidation or dissolution of the Company, preferred stockholders have priority over common stockholders for payment of dividends and distribution of net assets. The table below summarizes the preferred stock issued and outstanding at September 30, 2023: Description Dividend Rate Per Annum Initial Issuance Date Shares Outstanding (in thousands) Par Value (in thousands) Liquidation Preference (in thousands) Earliest Redemption Date Series H 7.125 % April 2015 8,395 $ 84 $ 209,870 Currently redeemable Series I 7.15 % June 2017 12,867 129 321,668 Currently redeemable Series J 7.125 % September 2017 11,614 116 290,361 Currently redeemable 32,876 $ 329 $ 821,899 All series of preferred stock are at parity with respect to dividends and distributions, including distributions upon liquidation, dissolution or winding up of the Company. Dividends are payable quarterly in arrears in January, April, July and October. Each series of preferred stock is redeemable on or after the earliest redemption date for that series at $25.00 per share plus accrued and unpaid dividends (whether or not declared) prorated to their redemption dates, exclusively at the Company’s option. The redemption period for each series of preferred stock is subject to the Company’s right under limited circumstances to redeem the preferred stock upon the occurrence of a change of control (as defined in the articles supplementary relating to each series of preferred stock). Preferred stock generally does not have any voting rights, except if the Company fails to pay the preferred dividends for six or more quarterly periods (whether or not consecutive). Under such circumstances, the preferred stock will be entitled to vote, together as a single class with any other series of parity stock upon which like voting rights have been conferred and are exercisable, to elect two additional directors to the Company’s board of directors, until all unpaid dividends have been paid or declared and set aside for payment. In addition, certain changes to the terms of any series of preferred stock cannot be made without the affirmative vote of holders of at least two-thirds of the outstanding shares of each such series of preferred stock voting separately as a class for each series of preferred stock. Common Stock Except with respect to voting rights, class A common stock and class B common stock have the same rights and privileges and rank equally, share ratably in dividends and distributions, and are identical in all respects as to all matters. Class A common stock has one vote per share and class B common stock has thirty-six and one-half votes per share. This gives the holders of class B common stock a right to vote that reflects the aggregate outstanding non-voting economic interest in the Company (in the form of OP Units) attributable to class B common stock holders and therefore, does not provide any disproportionate voting rights. Class B common stock was issued as consideration in the Company's acquisition in April 2015 of the investment management business and operations of its former manager, which was previously controlled by the Company's former Executive Chairman. Each share of class B common stock shall convert automatically into one share of class A common stock if the former Executive Chairman or his beneficiaries directly or indirectly transfer beneficial ownership of class B common stock or OP Units held by them, other than to certain qualified transferees, which generally includes affiliates and employees. In addition, each holder of class B common stock has the right, at the holder’s option, to convert all or a portion of such holder’s class B common stock into an equal number of shares of class A common stock. The Company reinstated quarterly common stock dividends at $0.01 per share beginning the third quarter of 2022, having previously suspended common stock dividends from the second quarter of 2020 through the second quarter of 2022. Dividend Reinvestment and Direct Stock Purchase Plan The Company's Dividend Reinvestment and Direct Stock Purchase Plan (the “DRIP Plan”) provides existing common stockholders and other investors the opportunity to purchase shares (or additional shares, as applicable) of the Company's class A common stock by reinvesting some or all of the cash dividends received on their shares of the Company's class A common stock or making optional cash purchases within specified parameters. The DRIP Plan involves the acquisition of the Company's class A common stock either in the open market, directly from the Company as newly issued common stock, or in privately negotiated transactions with third parties. No shares of class A common stock have been acquired under the DRIP Plan in the form of new issuances in the last three years. Reverse Stock Split In August 2022, the Company effectuated a one-for-four reverse stock split of its outstanding shares of class A and class B common stock. At that time, t he number of authorized shares of common stock was not concurrently adjusted and p ar value of common stock was proportionately increased from $0.01 to $0.04 per share. Following stockholder approval in May 2023, the number of authorized shares of class A and class B common stock was proportionally decreased to 237,250,000 shares and 250,000 shares, respectively and p ar value of common stock was proportionately decreased from $0.04 to $0.01 per share, resulting in approximately $4.9 million increase in additional paid-in capital. Stock Repurchases Pursuant to a $200 million stock repurchase program announced in July 2022 that expired in June 2023: • In 2023, the Company repurchased 235,223 shares in aggregate across Series H, I and J preferred stock for approximately $4.7 million, or a weighted average price of $20.18 per share. • In 2022, the Company repurchased (i) 2,228,805 shares in aggregate across Series H, I and J preferred stock for $52.6 million, or a weighted average price of $23.62 per share; and (ii) 4,195,020 shares of class A common stock for $54.9 million, or a weighted average price of $13.09 per share. The excess or deficit of the repurchase price over the carrying value of the preferred stock results in a decrease or increase to net income attributable to common stockholders, respectively. Accumulated Other Comprehensive Income (Loss) ("AOCI") The following tables present the changes in each component of AOCI attributable to stockholders and noncontrolling interests in investment entities, net of immaterial tax effect. AOCI attributable to noncontrolling interests in Operating Company is immaterial. Changes in Components of AOCI—Stockholders (In thousands) Company's Share in AOCI of Equity Method Investments Unrealized Gain (Loss) on AFS Debt Securities Foreign Currency Translation Gain (Loss) Unrealized Gain (Loss) on Net Investment Hedges Total AOCI at December 31, 2021 $ 2,334 $ 5,861 $ 26,502 $ 7,686 $ 42,383 Other comprehensive income (loss) before reclassifications (3,790) — (36,281) 24,477 (15,594) Amounts reclassified from AOCI (200) (5,861) (17,016) (7,768) (30,845) AOCI at September 30, 2022 $ (1,656) $ — $ (26,795) $ 24,395 $ (4,056) AOCI at December 31, 2022 $ (295) $ — $ (1,214) $ — $ (1,509) Other comprehensive income (loss) before reclassifications (1) — 1,264 — 1,263 Amounts reclassified from AOCI 296 — (902) — (606) Deconsolidation of DataBank — — 965 — 965 AOCI at September 30, 2023 $ — $ — $ 113 $ — $ 113 Changes in Components of AOCI—Noncontrolling Interests in Investment Entities (In thousands) Foreign Currency Translation Gain (Loss) AOCI at December 31, 2021 $ 11,057 Other comprehensive income (loss) before reclassifications (29,551) Amounts reclassified from AOCI (9,819) AOCI at September 30, 2022 $ (28,313) AOCI at December 31, 2022 $ (3,015) Other comprehensive income (loss) before reclassifications (1,666) Amounts reclassified from AOCI 2,082 Deconsolidation of DataBank 2,550 AOCI at September 30, 2023 $ (49) Reclassifications out of AOCI—Stockholders Information about amounts reclassified out of AOCI attributable to stockholders by component is presented below. Such amounts are included in other gain (loss) in continuing and discontinued operations on the consolidated statements of operations, as applicable, except for amounts related to equity method investments, which are included in equity method losses in discontinued operations. (In thousands) Three Months Ended September 30, Nine Months Ended September 30, Component of AOCI reclassified into earnings 2023 2022 2023 2022 Relief of basis of AFS debt securities $ — $ — $ — $ 5,861 Release of foreign currency cumulative translation adjustments 284 (3,664) 902 17,016 Realized gain on net investment hedges — 7,768 — 7,768 Deconsolidation of DataBank (965) (965) — Release of AOCI of equity method investments — — (296) 200

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 30, 2023
Noncontrolling Interest [Abstract]
Noncontrolling Interests	10. Noncontrolling Interests Redeemable Noncontrolling Interests The following table presents the activities in redeemable noncontrolling interests in the Company's investment management business through its redemption in May 2022 as discussed below, and in open-end funds in the liquid securities strategy consolidated by the Company. Nine Months Ended September 30, (In thousands) 2023 2022 Redeemable noncontrolling interests Balance at January 1 $ 100,574 $ 359,223 Contributions 300 11,650 Distributions paid and payable, including redemptions by limited partners in consolidated funds (78,330) (20,119) Net income (loss) 4,634 (31,989) Adjustment of Wafra's interest to redemption value and warrants held by Wafra to fair value — 725,026 Redemption of Wafra's interest — (862,276) Reclassification of warrants held by Wafra to liability in May 2022 (Note 7) — (81,400) Reclassification of Wafra's carried interest allocation to noncontrolling interests in investment entities in May 2022 — (4,087) Balance at September 30 $ 27,178 $ 96,028 Redeemable Noncontrolling Interest in Investment Management On May 23, 2022, the Company redeemed the 31.5% noncontrolling interest in its investment management business held by Wafra pursuant to a purchase and sale agreement ("PSA") entered into in April 2022. In connection with Wafra's initial investment in the Company's investment management business in July 2020, Wafra had assumed directly and also indirectly through a participation interest $124.9 million of the Company's commitments to DBP I, and has a $125.0 million commitment to DBP II that has been partially funded to-date. These are the Company's flagship value-add equity infrastructure funds. Wafra had also agreed to make commitments to the Company's future funds and investment vehicles on a pro rata basis with the Company based on Wafra's percentage interest in the investment management business, subject to certain caps. Pursuant to the PSA, Wafra’s entitlement to carried interest in DBP II was reduced from 12.6% to 7%, and with certain limited exceptions, Wafra sold or gave up its right to invest in, or receive carried interest from, future investment management products, but except as otherwise provided, retained its investment in and its allocation of carried interest from existing investment management products. Consideration for the redemption of Wafra's interest consisted of: (i) an upfront payment of $388.5 million in cash and 14,435,399 shares of the Company's Class A common stock valued at $348.8 million based upon the closing price of the Company's class A common stock on May 23, 2022; and (ii) Wafra's right to earn a contingent amount up to $125 million if the Company raises fee earning equity under management (as defined in the PSA) up to $6 billion during the period from December 31, 2021 to December 31, 2023, payable in March 2023 for portion earned in 2022 and March 2024 for any remaining portion earned in 2023, with up to 50% payable in shares of the Company's Class A common stock at the Company's election. The Company paid Wafra in cash $90 million of the contingent amount in March 2023. The carrying value of Wafra's redeemable noncontrolling interest was adjusted to fair value prior to redemption, initially based upon an estimate of consideration payable at March 31, 2022 when redemption was deemed to be probable, including the maximum potential contingent amount of $125 million. This adjustment resulted in an allocation from additional paid-in capital to redeemable noncontrolling interests on the consolidated balance sheet. The unrealized carried interest earnings allocated to Wafra that was retained and no longer subject to redemption was reclassified in May 2022 to permanent equity, included in noncontrolling interests in investment entities. Additionally, in July 2020, the Company had also issued Wafra five warrants to purchase up to an aggregate of 5% of the Company’s class A common stock (5% at the time of the transaction, on a fully-diluted, post-transaction basis), as described further in Note 11. In connection with the redemption, the terms of the warrants were amended, among other things, to provide for net cash settlement upon exercise of the warrants, at election of either the Company or Wafra, if such exercise would result in Wafra beneficially owning in excess of 9.8% of the issued and outstanding shares of the Company's class A common stock. Inclusion of the cash settlement feature changed the classification of the warrants from equity to liability. The warrants were remeasured to fair value prior to reclassification in May 2022, with the increase in value recorded in equity to reduce additional paid-in capital. Subsequent changes in fair value of the warrant liability is recorded in earnings. The Company's redemption of Wafra's interest in May 2022 also resulted in the assumption of $5.2 million of deferred tax asset that now accrues to the Company. Noncontrolling Interests in Investment Entities 2022 DataBank Additional Investment In January 2022, a shareholder of DataBank sold its equity interest to the Company and an existing investor, resulting in an additional $32.0 million investment by the Company in DataBank. Following this transaction and additional equity funded by the shareholders of DataBank in connection with its data center acquisition in March 2022 (Note 3), the Company's interest in DataBank increased from 20% to 21.8% (prior to the 2022 and 2023 recapitalizations as discussed below). 2022 DataBank Recapitalization The Company began a partial recapitalization of DataBank in the second half of 2022 through multiple sales of equity interest to new investors, resulting in net proceeds to the Company of approximately $425.5 million, including its share of carried interest, net of allocation to employees and former employees of $20.1 million (the "2022 Recapitalization"). As a result of the 2022 Recapitalization, the Company's ownership decreased from 21.8% to 11.0% at December 31, 2022. Upon completion of the 2022 Recapitalization, the Company reconsidered its consolidation assessment and concluded that it remained the primary beneficiary of the VIE through which it holds its interest in DataBank. As the 2022 Recapitalization involved a change in ownership of a consolidated subsidiary, it was accounted for as an equity transaction. The difference between the book value of the Company's interest and its ownership based upon the fair value of DataBank resulted in a reallocation from noncontrolling interests in investment entities to additional paid-in capital totaling $230.2 million in the third and fourth quarters of 2022. The 2022 Recapitalization transaction triggered an accelerated vesting of certain profits interest units that had been issued by DataBank to its employees. As a result of the accelerated vesting, $10.0 million of additional equity based compensation was recorded in the third quarter of 2022 based upon DataBank's original grant date fair value of these awards, of which $7.8 million was attributable to noncontrolling interests in investment entities. 2023 DataBank Recapitalization and Deconsolidation In September 2023, the Company completed the partial recapitalization of DataBank through additional sales of equity interest to new investors (the "2023 Recapitalization"), resulting in net proceeds to the Company of $49.4 million, including carried interest of $27.9 million. As a result of the 2023 Recapitalization, the Company's ownership interest in DataBank decreased from 11.0% to 9.87%. Upon completion of the 2023 Recapitalization, the Company reconsidered its consolidation assessment and concluded that it no longer held a controlling financial interest in DataBank and was no longer the primary beneficiary of the VIE through which it holds its interest in DataBank. As a result, the Company derecognized the assets and liabilities of DataBank effective September 14, 2023, and accounts for its remaining investment in DataBank using the equity method. Accordingly, prior to September 14, 2023, the assets and liabilities and operating results of DataBank were included in the Company's consolidated financial statements and presented in the Operating segment, with the portion of DataBank's operating results attributable to third party investors presented as noncontrolling interests in investment entities. Subsequent to September 14, 2023, the Company's consolidated financial statements include only its equity investment and its share of changes in the fair value of DataBank, which are presented in Corporate and Other, consistent with the treatment and presentation of the Company's interests as general partner affiliate in its other sponsored investment vehicles (Note 4). The deconsolidation of DataBank resulted in the derecognition of the following assets, liabilities and noncontrolling interests in investment entities as of September 14, 2023: (In thousands) September 14, 2023 Assets Cash and cash equivalents $ 52,902 Restricted cash 49,546 Real estate 3,234,888 Goodwill 463,120 Deferred leasing costs and intangible assets 322,187 Other assets 461,223 Assets held for disposition 49,696 $ 4,633,562 Liabilities Debt $ 2,309,596 Intangible liabilities 6,696 Other liabilities 718,211 Liabilities related to assets held for disposition 12,165 $ 3,046,668 Noncontrolling interests in investment entities $ 1,427,435 In connection with the deconsolidation, the Company realized a $3.7 million gain from the sale of its equity interest in the 2023 Recapitalization, and remeasured its remaining 9.87% equity interest in DataBank at a fair value of $434.5 million (Note 4) based upon the pricing of the recapitalization, which resulted in an unrealized gain of $275.0 million. The total gain of $278.7 million was recorded in other gain (loss), net on the Company's consolidated statements of operations, and is presented in Corporate and Other. Noncontrolling Interests in Operating Company Certain current and former employees of the Company directly or indirectly own interests in OP, presented as noncontrolling interests in the Operating Company. Noncontrolling interests in OP have the right to require OP to redeem part or all of such member’s OP Units for cash based on the market value of an equivalent number of shares of class A common stock at the time of redemption, or at the Company's election as managing member of OP, through issuance of shares of class A common stock (registered or unregistered) on a one-for-one basis. At the end of each period, noncontrolling interests in OP is adjusted to reflect their ownership percentage in OP at the end of the period, through a reallocation between controlling and noncontrolling interests in OP. Redemption of OP Units —The Company redeemed OP Units totaling 253,084 in 2023 and 100,220 in 2022 through issuance of an equal number of shares of class A common stock on a one-for-one basis.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value	11. Fair Value Recurring Fair Values Financial assets and financial liabilities carried at fair value on a recurring basis include financial instruments for which the fair value option was elected, but exclude financial assets under the NAV practical expedient. Fair value is categorized into a three tier hierarchy that is prioritized based upon the level of transparency in inputs used in the valuation techniques, as follows. Level 1 —Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in non-active markets, or valuation techniques utilizing inputs that are derived principally from or corroborated by observable data directly or indirectly for substantially the full term of the financial instrument. Level 3 —At least one assumption or input is unobservable and it is significant to the fair value measurement, requiring significant management judgment or estimate. Marketable Equity Securities Marketable equity securities with long positions of $84.0 million at September 30, 2023 and $155.9 million at December 31, 2022, included within equity investments of Corporate and Other (Note 4), and short positions of $43.8 million at September 30, 2023 and $40.9 million at December 31, 2022, included in other liabilities (Note 7), consist of publicly traded equity securities held predominantly by sponsored liquid strategy funds consolidated by the Company. The equity securities of the consolidated funds comprise listed stocks primarily in the U.S. and to a lesser extent, in Europe, and primarily in the technology, media and telecommunications sectors. These marketable equity securities are valued based upon listed prices in active markets and classified as Level 1 of the fair value hierarchy. Equity Investment of Consolidated Fund A consolidated credit fund has equity interests in pooling entities that hold a portfolio of loans, invested alongside other managed credit funds. The fund's equity interests in the pooling entities had a fair value of $107.0 million at September 30, 2023 and $46.8 million at December 31, 2022, classified as Level 3 of the fair value hierarchy. Fair value of the fund's equity interests in the pooling entities is based upon its share of expected cash flows from the loan assets held by the pooling entities. In estimating fair value of the underlying loans, the pooling entities considered the prevailing market yields at which a third party might expect to receive on equivalent loans with similar credit risk. Based upon a comparison to market yields, it was determined that the transacted price or par value of the loans held by the pooling entities approximated their fair value at September 30, 2023 and at December 31, 2022 . Derivatives The Company's derivative instruments generally consist of: (i) foreign currency put options, forward contracts and costless collars to hedge the foreign currency exposure of certain foreign-denominated investments or investments in foreign subsidiaries (in GBP and EUR), with notional amounts and termination dates based upon the anticipated return of capital from these investments; and (ii) interest rate caps and swaps to limit the exposure to changes in interest rates on various floating rate debt obligations (indexed to SOFR or Euribor). These derivative contracts may be designated as qualifying hedge accounting relationships, specifically as net investment hedges and cash flow hedges, respectively. The derivative instruments are subject to master netting arrangements with counterparties that allow the Company to offset the settlement of derivative assets and liabilities in the same currency by instrument type or, in the event of default by the counterparty, to offset all derivative assets and liabilities with the same counterparty. Notwithstanding the conditions for right of offset may have been met, the Company presents derivative assets and liabilities with the same counterparty on a gross basis on the consolidated balance sheets. The Company had no outstanding derivatives at September 30, 2023. At December 31, 2022, fair value of derivative assets was $11.8 million, included in other assets, and there were no derivatives in a liability position. All derivative positions were non-designated hedges. At December 31, 2022, derivative notional amounts aggregated to the equivalent of $321.1 million for foreign exchange contracts, and there were no outstanding interest rate contracts. Realized and unrealized gains and losses on derivative instruments are recorded in other gain (loss) on the consolidated statement of operations as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Foreign currency contracts: Realized gain transferred from AOCI to earnings $ — $ 8,367 $ — $ 8,367 Realized and unrealized gain in earnings on non-designated contracts (1) — (8,689) 4,053 (3,619) Interest rate contracts: Realized and unrealized gain in earnings on non-designated contracts — 10,258 — 11,284 __________ (1) Include amount related to foreign currency contract entered into on behalf of a sponsored fund, which had no net impact to the Company's earnings, (Note 16). The Company's foreign currency and interest rate contracts are generally traded over-the-counter, and are valued using a third-party service provider. Quotations on over-the-counter derivatives are not adjusted and are generally valued using observable inputs such as contractual cash flows, yield curve, foreign currency rates and credit spreads, and are classified as Level 2 of the fair value hierarchy. Although credit valuation adjustments, such as the risk of default, rely on Level 3 inputs, these inputs are not significant to the overall valuation of the derivatives. As a result, derivative valuations in their entirety are classified as Level 2 of the fair value hierarchy. Warrants As discussed in Note 10, the Company had issued five warrants to Wafra in July 2020. Each warrant entitles Wafra to purchase up to 1,338,000 shares of the Company's class A common stock at staggered strike prices between $9.72 and $24.00 each, exercisable through July 17, 2026. No warrants have been exercised to-date. The warrants are carried at fair value effective May 2022 when they were reclassified from equity to liability, with subsequent changes in fair value recorded in other gain (loss) on the consolidated statements of operations. The warrants were valued at $41.4 million at September 30, 2023 and $17.7 million at December 31, 2022 using a Black-Scholes option pricing model, applying the following inputs: (a) estimated volatility for DBRG's class A common stock of 37.2% (40.8% at December 31, 2022); (b) closing stock price of DBRG's class A common stock on the last trading day of the quarter; (c) the strike price for each warrant; (d) remaining term to expiration of the warrants; and (e) risk free rate of 4.85% per annum (4.16% per annum at December 31, 2022), derived from the daily U.S. Treasury yield curve rates to correspond to the remaining term to expiration of the warrants. Fair value of the warrant liability, classified as Level 3 fair value, increased $23.7 million during the nine months ended September 30, 2023. Contingent Consideration In connection with the acquisition of InfraBridge, contingent consideration is payable if prescribed fundraising targets for InfraBridge's new global infrastructure funds are met. In measuring the contingent consideration, the Company applied a probability-weighted approach to the likelihood of meeting various fundraising targets and discounted the estimated future contingent consideration payment at 4.9% to derive a present value amount. The contingent consideration of $11.2 million at September 30, 2023 is classified as Level 3 of the fair value hierarchy, with increase in fair value of $0.3 million during the nine months ended September 30, 2023 recorded in other gain (loss). Fair Value Option Loans Receivable At September 30, 2023, there was no outstanding balance on loans receivable, which had been carried at fair value under the fair value option. Previously, loans receivable consisted of two unsecured promissory notes, one in connection with the 2022 sale of the Company's Wellness Infrastructure business (Note 2) and one held by DataBank, presented within Corporate and Other and in the Operating segment, respectively. Both loans receivable had bullet repayment of principal and accrued paid-in-kind ("PIK") interest. Fair value of loans receivable included accrued interest, which was recorded in other income, while changes in fair value was recorded in other gain (loss). At December 31, 2022, fair value of loans receivable was $137.9 million, with unpaid principal balance, inclusive of PIK interest, of $167.8 million, classified as Level 3 in the fair value hierarchy. In March 2023, the Wellness Infrastructure note was fully written down, taking into consideration foreclosure of certain assets within the Wellness Infrastructure portfolio by its mezzanine lender. In April 2023, the DataBank note was fully repaid. At December 31, 2022, loan fair values were based upon a discounted cash flow projection of principal and interest, which at the time of valuation, were expected to be collected, discounted at 10.0% and 10.5%. Changes in Level 3 Fair Value The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss). Fair Value Option Equity Investment of Consolidated Fund (In thousands) Loans Receivable Fair value at December 31, 2021 $ 82,930 $ — Originations and drawdowns 371,415 — Change in accrued interest and capitalization of paid-in-kind interest 4,491 — Paydowns (159,501) — Transfer of warehoused loans to sponsored fund (83,083) — Consolidation of sponsored fund — 10,536 Unrealized gain (loss) in earnings, net (41,863) 673 Fair value at September 30, 2022 $ 174,389 $ 11,209 Net unrealized gain (loss) in earnings on instruments held at September 30, 2022 $ (38,649) $ 673 Fair value at December 31, 2022 $ 137,945 $ 46,770 Contributions — 58,952 Change in consolidated fund's share of equity investment (1) — 1,842 Capitalization of paid-in-kind interest 544 — Paydown of loan receivable or underlying loan assets held by equity investment of consolidated fund (6,804) (2,344) Unrealized and realized gain (loss) in earnings, net (131,685) 1,812 Fair value at September 30, 2023 $ — $ 107,032 Net unrealized gain (loss) in earnings on instruments held at September 30, 2023 $ (133,307) $ 1,812 __________ (1) Represents reallocation of investment value when relative ownership of the pooling entity across its fund owners change following additional capital contributions. Investment Carried at Fair Value Using Net Asset Value The Company holds an investment in a non-traded healthcare REIT, valued at $34.5 million at September 30, 2023 and at December 31, 2022, presented within Corporate and Other in Note 4. The Company has no commitment for any further investment in the non-traded REIT in the future. The investment is valued based upon NAV beginning October 2021 when the investee, a healthcare real estate investor/manager, was acquired in conjunction with a merger of its co-sponsored non-traded REITs. The transaction diluted the Company's equity interest in the investee, which was previously accounted for as an equity method investment. Redemption of the Company's partnership interest in the non-traded healthcare REIT is restricted until the earliest of (1) the second anniversary of the issuance to the Company of such partnership units, (2) change in control of the general partner, and (3) initial public offering of the equity of the non-traded healthcare REIT, which may be subject to further restriction on redemption by the underwriters. Nonrecurring Fair Values The Company measures fair value of certain assets on a nonrecurring basis: (i) on the acquisition date for business combinations; (ii) when events or changes in circumstances indicate that the carrying value of the assets may not be recoverable; and (iii) upon deconsolidation of a subsidiary for any retained interest. Adjustments to fair value generally result from an application of the lower of amortized cost or fair value for assets held for disposition or otherwise, a write-down of asset values due to impairment. There were no assets carried at nonrecurring fair value at September 30, 2023 and December 31, 2022. Fair Value of Financial Instruments Reported at Cost Fair value of financial instruments reported at amortized cost, excluding those held for disposition, are presented below. Fair Value Measurements Carrying Value (In thousands) Level 1 Level 2 Level 3 Total September 30, 2023 Liabilities Corporate debt Secured fund fee revenue notes $ — $ 250,547 $ — $ 250,547 $ 293,743 Exchangeable senior notes — 149,363 — 149,363 77,378 Non-recourse investment-level debt — 2,542,596 4,415 2,547,011 2,786,052 December 31, 2022 Liabilities Corporate debt Secured fund fee revenue notes $ — $ 250,547 $ — $ 250,547 $ 292,171 Convertible and exchangeable senior notes 304,513 — 304,513 276,741 Non-recourse investment-level debt — 3,268,508 944,984 4,213,492 4,587,228 Debt —Senior notes and secured fund fee revenue notes were valued using their last traded price. Fair value of investment-level debt were estimated by either discounting expected future cash outlays at interest rates available to the respective borrower subsidiaries for similar instruments, or with respect to securitized debt, based upon indicative bond prices quoted by brokers in the secondary market. Other —The carrying values of cash and cash equivalents, accounts receivable, due from and to affiliates, interest payable and accounts payable generally approximate fair value due to their short term nature, and credit risk, if any, is negligible.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	12. Variable Interest Entities A VIE is an entity that lacks sufficient equity to finance its activities without additional subordinated financial support from other parties, or whose equity holders lack the characteristics of a controlling financial interest. The following discusses the Company's involvement with VIEs where the Company is the primary beneficiary and consolidates the VIEs or where the Company is not the primary beneficiary and does not consolidate the VIEs. Operating Subsidiary The Company's operating subsidiary, OP, is a limited liability company that has governing provisions that are the functional equivalent of a limited partnership. The Company holds the majority of membership interest in OP, acts as the managing member of OP and exercises full responsibility, discretion and control over the day-to-day management of OP. The noncontrolling interests in OP do not have substantive liquidation rights, substantive kick-out rights without cause, or substantive participating rights that could be exercised by a simple majority of noncontrolling interest members (including by such a member unilaterally). The absence of such rights, which represent voting rights in a limited partnership equivalent structure, would render OP to be a VIE. The Company, as managing member, has the power to direct the core activities of OP that most significantly affect OP's performance, and through its majority interest in OP, has both the right to receive benefits from and the obligation to absorb losses of OP. Accordingly, the Company is the primary beneficiary of OP and consolidates OP. As the Company conducts its business and holds its assets and liabilities through OP, the total assets and liabilities, earnings (losses), and cash flows of OP represent substantially all of the total consolidated assets and liabilities, earnings (losses), and cash flows of the Company. Company-Sponsored Funds The Company sponsors funds and other investment vehicles as general partner for the purpose of providing investment management services in exchange for management fees and carried interest. These funds are established as limited partnerships or equivalent structures. Limited partners of the funds do not have either substantive liquidation rights, or substantive kick-out rights without cause, or substantive participating rights that could be exercised by a simple majority of limited partners or by a single limited partner. Accordingly, the absence of such rights, which represent voting rights in a limited partnership, results in the funds being considered VIEs. The nature of the Company's involvement with its sponsored funds comprise fee arrangements and equity interests in its capacity as general partner and general partner affiliate. The fee arrangements are commensurate with the level of management services provided by the Company, and contain terms and conditions that are customary to similar at-market fee arrangements. Consolidated Company-Sponsored Funds —The Company currently consolidates sponsored funds in which it has more than an insignificant equity interest in the fund as general partner. As a result, the Company is considered to be acting in the capacity of a principal of the sponsored fund and is therefore the primary beneficiary of the fund. The Company’s exposure is limited to its capital account balance in the consolidated funds of $157.5 million at September 30, 2023 and $94.7 million at December 31, 2022. The liabilities of the consolidated funds may only be settled using assets of the consolidated funds, and the Company, as general partner, is not obligated to provide any financial support to the consolidated funds. At September 30, 2023, the Company had unfunded equity commitment to a consolidated fund of $41.9 million. The following table presents the assets and liabilities of the consolidated funds, which are presented within Corporate and Other in the supplemental schedule to the consolidated balance sheets. (In thousands) September 30, 2023 December 31, 2022 Assets Cash and cash equivalents $ 70,122 $ 86,433 Investments—marketable equity securities and equity interests in credit pooling entities (Note 11) 178,176 185,845 Other assets 3,219 1,895 $ 251,517 $ 274,173 Liabilities Debt $ 4,415 $ 465 Other liabilities Securities sold short 43,831 40,928 Due to custodian 9,547 35,457 Other 9,930 2,734 $ 67,723 $ 79,584 Unconsolidated Company-Sponsored Funds —The Company does not consolidate its sponsored funds where it has insignificant equity interests in these funds as general partner. As such interests absorb insignificant variability from the fund, the Company is considered to be acting in the capacity of an agent of the fund and is therefore not the primary beneficiary of these funds. The Company accounts for its equity interests in unconsolidated funds under the equity method. The Company's maximum exposure to loss is limited to the outstanding balance of its investment in the unconsolidated funds (Note 4) of $1.56 billion at September 30, 2023 and $752.3 million at December 31, 2022. The Company also has receivables from its unconsolidated funds for fee income and reimbursable or recoverable costs, as discussed in Note 16. At September 30, 2023, the Company's unfunded equity commitments to its unconsolidated funds as general partner and general partner affiliate totaled $86.9 million. Generally, the timing for funding of these commitments is not known and the commitments are callable on demand at any time prior to their respective expirations.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings per Share	13. Earnings per Share The following table provides the basic and diluted earnings per common share computations. Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2023 2022 2023 2022 Net income (loss) allocated to common stockholders Income (Loss) from continuing operations attributable to DigitalBridge Group, Inc. $ 278,842 $ 25,261 $ 89,710 $ (157,638) Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc. (2,369) (74,349) (19,697) (159,569) Net income (loss) attributable to DigitalBridge Group, Inc. 276,473 (49,088) 70,013 (317,207) Preferred stock repurchases/redemptions (Note 9) — 1,098 927 1,098 Preferred dividends (14,645) (15,283) (43,996) (46,801) Net income (loss) attributable to common stockholders 261,828 (63,273) 26,944 (362,910) Net income (loss) allocated to participating securities (4,801) (17) (457) (17) Net income (loss) allocated to common stockholders—basic 257,027 (63,290) 26,487 (362,927) Interest expense attributable to convertible and exchangeable notes (1) 1,264 — — — Net income (loss) allocated to common stockholders—diluted $ 258,291 $ (63,290) $ 26,487 $ (362,927) Weighted average common shares outstanding Weighted average number of common shares outstanding—basic 160,564 162,398 159,600 153,028 Weighted average effect of dilutive shares (1)(2)(3) 13,298 — 4,420 — Weighted average number of common shares outstanding—diluted 173,862 162,398 164,020 153,028 Income (loss) per share—basic Income (Loss) from continuing operations $ 1.61 $ 0.07 $ 0.29 $ (1.33) Income (Loss) from discontinued operations (0.01) (0.46) (0.12) (1.04) Net income (loss) attributable to common stockholders per common share—basic $ 1.60 $ (0.39) $ 0.17 $ (2.37) Income (loss) per share—diluted Income (Loss) from continuing operations $ 1.49 $ 0.07 $ 0.28 $ (1.33) Income (Loss) from discontinued operations (0.01) (0.46) (0.12) (1.04) Net income (loss) attributable to common stockholders per common share—diluted $ 1.48 $ (0.39) $ 0.16 $ (2.37) __________ (1) With respect to the assumed conversion or exchange of the Company's outstanding senior notes, the following are excluded from the calculation of diluted earnings per share as their inclusion would be antidilutive: (a) for the three months ended September 30, 2022 only, the effect of adding back interest expense of $4.0 million and 11,698,000 of weighted average dilutive common share equivalents; and (b) for the nine months ended September 30, 2023 and 2022, the effect of adding back $6.9 million and $12.7 million of interest expense, respectively, and 9,744,700 and 13,307,000 of weighted average dilutive common share equivalents, respectively. Also excluded from the calculation of diluted earnings per share was $133.2 million of debt extinguishment loss (Note 8) for the nine months ended September 30, 2022. (2) The calculation of diluted earnings per share excludes the effect of the following as their inclusion would be antidilutive: (a) class A common shares that are contingently issuable in relation to performance stock units (Note 15) with weighted average shares of 1,076,000 for the three months ended September 30, 2022; and, 1,727,000 for the nine months ended September 30, 2022; and (b) class A common shares that are issuable to net settle the exercise of warrants (Note 10) with weighted average shares of 957,600 and 1,393,000 for the three months ended September 30, 2023 and 2022, respectively, and 569,600 and 2,174,000 for the nine months ended September 30, 2023 and 2022, respectively. (3) OP Units may be redeemed for registered or unregistered class A common stock on a one-for-one basis and are not dilutive. At September 30, 2023 and 2022, 12,375,800 and 12,628,900 of OP Units, respectively, were not included in the computation of diluted earnings per share in the respective periods presented.

Fee Income

Fee Income	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Fee Income	14. Fee Income The following table presents the Company's fee income by type. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Management fees $ 65,236 $ 40,697 $ 187,138 $ 126,447 Incentive fees — — 1,040 — Other fees 4 566 1,930 1,971 Total fee income $ 65,240 $ 41,263 $ 190,108 $ 128,418 Management Fees — The Company earns management fees for providing investment management services to its sponsored private funds and other investment vehicles, portfolio companies and managed accounts. Management fees are calculated generally at contractual rates ranging from 0.2% per annum to 1.5% per annum of investors' committed capital during the commitment period of the fund, and thereafter, contributed or invested capital (subject to certain reductions for NAV write-downs); invested capital for co-investment vehicles; or NAV for vehicles in the liquid securities strategy. Incentive Fees —The Company is entitled to incentive fees from sub-advisory accounts in its liquid securities strategy. Incentive fees are determined based upon the performance of the respective accounts, subject to the achievement of specified return thresholds in accordance with the terms set out in their respective governing agreements. A portion of incentive fees earned by the Company is allocable to certain employees and former employees, included in carried interest and incentive fee compensation expense.

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation	15. Equity-Based Compensation The DigitalBridge Group, Inc. 2014 Omnibus Stock Incentive Plan (the "Equity Incentive Plan") provides for the grant of restricted stock, performance stock units ("PSUs"), Long Term Incentive Plan ("LTIP") units, restricted stock units ("RSUs"), deferred stock units ("DSUs"), options, warrants or rights to purchase shares of the Company's common stock, cash incentives and other equity-based awards to the Company's officers, directors (including non-employee directors), employees, co-employees, consultants or advisors of the Company or of any parent or subsidiary who provides services to the Company, but excluding employees of portfolio companies. Shares reserved for the issuance of awards under the Equity Incentive Plan are subject to equitable adjustment upon the occurrence of certain corporate events, provided that this number automatically increases each January 1st by 2% of the outstanding number of shares of the Company’s class A common stock on the immediately preceding December 31st. At September 30, 2023, an aggregate 24.5 million shares of the Company's class A common stock were reserved for the issuance of awards under the Equity Incentive Plan. Restricted Stock — Restricted stock awards in the Company's class A common stock are granted to senior executives, directors and certain employees, generally subject to a service condition only, with annual time-based vesting in equal tranches over a three-year period. Restricted stock is entitled to dividends declared and paid on the Company's class A common stock and such dividends are not forfeitable prior to vesting of the award. Restricted stock awards are valued based on the Company's class A common stock price on grant date and equity-based compensation expense is recognized on a straight-line basis over the requisite service period. Restricted Stock Units — RSUs in the Company's class A common stock are subject to a performance condition. Vesting of performance-based RSUs occur upon achievement of certain Company-specific metrics over a performance measurement period that coincides with the recipients' term of service. Only vested RSUs are entitled to accrued dividends declared and paid on the Company's class A common stock during the time period the RSUs are outstanding. RSUs are initially valued based upon the Company's class A common stock price on grant date and not subsequently remeasured for equity-classified awards, while liability-classified awards are remeasured at fair value at the end of each reporting period until the award is fully vested. Equity-based compensation expense is recognized when it becomes probable that the performance condition will be met. A liability classified award that met its performance condition and became fully vested over the course of the year was settled in cash totaling $2.4 million and $3.3 million for the three and nine months ended September 30, 2023, respectively. There was no cash settlement of awards in 2022. Performance Stock Units — PSUs are granted to senior executives and certain employees, and are subject to both a service condition and a market condition. Following the end of the measurement period, the recipients of PSUs who remain employed will vest in, and be issued a number of shares of the Company's class A common stock, generally ranging from 0% to 200% of the number of PSUs granted and determined based upon the performance of the Company's class A common stock relative to that of a specified peer group over a three-year measurement period (such measurement metric the "total shareholder return"). In addition, recipients of PSUs whose employment is terminated after the first anniversary of their PSU grant are eligible to vest in a portion of the PSU award following the end of the measurement period based upon achievement of the total shareholder return metric applicable to the award. PSUs also contain dividend equivalent rights which entitle the recipients to a payment equal to the amount of dividends that would have been paid on the shares that are ultimately issued at the end of the measurement period. Fair value of PSUs, including dividend equivalent rights, was determined using a Monte Carlo simulation under a risk-neutral premise, with the following assumptions: 2023 PSU Grants 2022 PSU Grants 2021 PSU Grants Expected volatility of the Company's class A common stock (1) 41.3% 32.4% 35.4% Expected annual dividend yield (2) 0.3% —% —% Risk-free rate (per annum) (3) 3.8% 2.0% 0.3% __________ (1) Based upon the historical volatility of the Company's stock and those of a specified peer group. (2) Based upon the Company's expected annualized dividends. Expected dividend yield was zero for the March 2022 and 2021 PSU awards as common dividends were suspended beginning the second quarter of 2020 and reinstated in the third quarter 2022. (3) Based upon the continuously compounded zero-coupon U.S. Treasury yield for the term coinciding with the measurement period of the award as of valuation date. Fair value of PSU awards, excluding dividend equivalent rights, is recognized on a straight-line basis over their measurement period as compensation expense, and is not subject to reversal even if the market condition is not achieved. The dividend equivalent right is accounted for as a liability-classified award. The fair value of the dividend equivalent right is recognized as compensation expense on a straight-line basis over the measurement period, and is subject to adjustment to fair value at each reporting period. LTIP Units — LTIP units are units in the Operating Company that are designated as profits interests for federal income tax purposes. Unvested LTIP units that are subject to market conditions do not accrue distributions. Each vested LTIP unit is convertible, at the election of the holder (subject to capital account limitation), into one common OP Unit and upon conversion, subject to the redemption terms of OP Units (Note 9). LTIP units issued have either (1) a service condition only, valued based upon the Company's class A common stock price on grant date; or (2) both a service condition and a market condition based upon the Company's class A common stock achieving a target price over a predetermined measurement period, subject to continuous employment to the time of vesting, and valued using a Monte Carlo simulation. The following assumptions were applied in the Monte Carlo model under a risk-neutral premise: 2022 LTIP Grant 2019 LTIP Grant (1) Expected volatility of the Company's class A common stock (2) 34.0% 28.3% Expected dividend yield (3) 0.0% 8.1% Risk-free rate (per annum) (4) 3.6% 1.8% __________ (1) Represents 2.5 million LTIP units granted to the Company's Chief Executive Officer, Marc Ganzi, in connection with the Company's acquisition of Digital Bridge Holdings, LLC in July 2019, with vesting based upon the Company's class A common stock price closing at or above $40 over any 90 consecutive trading days prior to the fifth anniversary of the grant date. (2) Based upon historical volatility of the Company's stock and those of a specified peer group. (3) Based upon the Company's most recently issued dividend prior to grant date and closing price of the Company's class A common stock on grant date. Expected dividend yield was zero for the June 2022 award as common dividends were suspended beginning the second quarter of 2020 and reinstated in the third quarter of 2022. (4) Based upon the continuously compounded zero-coupon US Treasury yield for the term coinciding with the measurement period of the award as of valuation date. Equity-based compensation cost on LTIP units is recognized on a straight-line basis either over (1) the service period for awards with a service condition only; or (2) the derived service period for awards with both a service condition and a market condition, irrespective of whether the market condition is satisfied. The derived service period is a service period that is inferred from the application of the simulation technique used in the valuation of the award, and represents the median of the terms in the simulation in which the market condition is satisfied. Deferred Stock Units — Certain non-employee directors may elect to defer the receipt of annual base fees and/or restricted stock awards, and in lieu, receive awards of DSUs. DSUs awarded in lieu of annual base fees are fully vested on their grant date, while DSUs awarded in lieu of restricted stock awards vest one year from their grant date. DSUs are entitled to a dividend equivalent, in the form of additional DSUs based on dividends declared and paid on the Company's class A common stock, subject to the same restrictions and vesting conditions, where applicable. Upon separation of service from the Company, vested DSUs will be settled in shares of the Company’s class A common stock. Fair value of DSUs are determined based on the price of the Company's class A common stock on grant date and recognized immediately if fully vested upon grant, or on a straight-line basis over the vesting period as equity based compensation expense and equity. Equity-based compensation cost pursuant to DBRG's Equity Incentive Plan is presented on the consolidated statement of operations, as follows. Separately, additional compensation expense was also recorded in 2022 in connection with the DataBank recapitalization transaction, as described in Note 10. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Compensation expense (including $0, $16, $0 and $229 expense related to dividend equivalent rights) $ 14,340 $ 7,824 $ 45,801 $ 24,971 Administrative expense — — 228 122 $ 14,340 $ 7,824 $ 46,029 $ 25,093 Changes in unvested equity awards pursuant to DBRG's Equity Incentive Plan are summarized below. Weighted Average Grant Date Fair Value Restricted Stock LTIP Units (1) DSUs RSUs (2) PSUs (3) Total PSUs All Other Awards Unvested shares and units at December 31, 2022 1,706,674 2,625,000 20,058 2,397,391 1,889,587 8,638,710 $ 17.84 $ 10.84 Granted 2,417,211 — 70,748 — 413,172 2,901,131 11.63 12.14 Vested (1,145,622) — (26,747) (1,798,044) (603,525) (3,573,938) 26.92 13.82 Forfeited (21,675) — — — (424,065) (445,740) 26.92 13.79 Unvested shares and units at September 30, 2023 2,956,588 2,625,000 64,059 599,347 1,275,169 7,520,163 8.51 9.93 __________ (1) Represents the number of LTIP units granted subject to vesting upon achievement of market condition. LTIP units that do not meet the market condition within the measurement period will be forfeited. (2) Represents the number of RSUs granted subject to vesting upon achievement of performance condition. RSUs that do not meet the performance condition at the end of the measurement period will be forfeited. (3) Number of PSUs granted does not reflect potential increases or decreases that could result from the final outcome of the total shareholder return measured at the end of the performance period. PSUs for which the total shareholder return was not met at the end of the performance period are forfeited. Fair value of equity awards that vested, as shown above, determined based upon their respective fair values at vesting date, was $13.3 million and $4.2 million for the three months ended September 30, 2023 and 2022, respectively, and $47.5 million and $53.3 million for the nine months ended September 30, 2023 and 2022, respectively. At September 30, 2023, aggregate unrecognized compensation cost for all unvested equity awards pursuant to DBRG's Equity Incentive Plan was $44.6 million, which is expected to be recognized over a weighted average period of 1.9 years. This excludes $6.3 million of unvested RSUs that are not currently probable of achieving their performance condition and have a remaining performance measurement period of approximately one year.

Transactions with Affiliates

Transactions with Affiliates	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Transactions with Affiliates	16. Transactions with Affiliates Affiliates include (i) investment vehicles that the Company sponsors and/or manages, and in which the Company may have an equity interest; (ii) portfolio companies of sponsored funds; (iii) the Company's other equity investments outside of sponsored funds; and (iv) directors and employees of the Company (collectively, "employees"). Amounts due from and due to affiliates consist of the following: (In thousands) September 30, 2023 December 31, 2022 Due from Affiliates Investment vehicles, portfolio companies and other equity investments Fee income $ 58,376 $ 35,010 Cost reimbursements and recoverable expenses 10,707 7,031 Other 612 — Employees and other affiliates — 3,319 $ 69,695 $ 45,360 Due to Affiliates (Note 7) Investment vehicles—Derivative obligation $ — $ 11,793 Investment vehicles—InfraBridge (Note 3) 11,123 — Employees and other affiliates 1,932 658 $ 13,055 $ 12,451 Significant transactions with affiliates include the following: Fee Income —Fee income earned from investment vehicles that the Company manages and/or sponsors, and may have an equity interest, are presented in Note 14. Substantially all fee income are from affiliates, except for management fees and incentive fee from sub-advisory accounts and generally, other fee income. Cost Reimbursements and Recoverable Expenses— The Company receives reimbursements and recovers certain costs paid on behalf of investment vehicles sponsored by the Company, which include: (i) organization and offering costs related to formation and capital raising of the investment vehicles up to specified thresholds; (ii) costs incurred in performing investment due diligence; and (iii) direct and indirect operating costs for managing the operations of certain investment vehicles. Such cost reimbursements and recoverable expenses, included in other income, totaled $1.2 million and $1.0 million for the three months ended September 30, 2023 and 2022, respectively, and $3.8 million and $5.7 million for the nine months ended September 30, 2023 and 2022, respectively. Warehoused Investments— The Company may acquire and temporarily warehouse investments on behalf of prospective sponsored investment vehicles that are actively fundraising (Note 4). The warehoused investments are transferred to the investment vehicle when sufficient third party capital, including debt, is raised. The Company is generally paid a fee by the investment vehicle, akin to an interest charge, typically calculated as a percentage of the acquisition price of the investment, to compensate the Company for its cost of holding the investment during the warehouse period. The terms of such arrangements may differ for each sponsored investment vehicle and by investment. Derivative Obligations of Sponsored Fund— In the third quarter of 2022, the Company, in its capacity as general partner and for the benefit of its sponsored fund, entered into foreign currency forward contracts to economically hedge the foreign currency exposure of an investment commitment of its sponsored fund (Note 11). The investment committee of the sponsored fund has ratified the fund's responsibility and obligation to assume all resulting liabilities and benefits from the foreign currency contracts effective from trade date through the novation of the contracts to the fund. The Company recorded a payable in due to affiliates to reflect the fund's obligation to assume the resulting asset from the foreign currency contracts; accordingly, there was no net effect to the Company's earnings resulting from these foreign currency contracts. Upon the novation of the contracts to the fund in January 2023, the Company de-recognized the derivative asset and the corresponding payable in due to affiliate. Digital Real Estate Acquisitions— Marc Ganzi, Chief Executive Officer of the Company, and Ben Jenkins, President and Chief Investment Officer of the Company, were former owners of Digital Bridge Holdings, LLC ("DBH") prior to its merger into the Company in July 2019. Messrs. Ganzi and Jenkins had retained their equity investments and general partner interests in the portfolio companies of DBH, which include DataBank and Vantage. As a result of the personal investments made by Messrs. Ganzi and Jenkins in DataBank and Vantage SDC prior to the Company’s acquisition of DBH, additional investments made by the Company in DataBank and Vantage SDC subsequent to their initial acquisitions may trigger future carried interest payments to Messrs. Ganzi and Jenkins upon the occurrence of future realization events. Such investments made by the Company include ongoing payments for the build-out of expansion capacity, including lease-up of the expanded capacity and existing inventory, in Vantage SDC (Note 3) and the acquisition of additional interest in DataBank from an existing investor in January 2022 (Note 10). Carried Interest Allocation from Sponsored Investment Vehicles —With respect to investment vehicles sponsored by the Company for which Messrs. Ganzi and Jenkins are invested in their capacity as former owners of DBH, and not in their capacity as employees of the Company, any carried interest entitlement attributed to such investments by Messrs. Ganzi and Jenkins as general partner are not subject to continuing vesting provisions and do not represent compensatory arrangements to the Company. Such carried interest allocation to Messrs. Ganzi and Jenkins that are unrealized or distributed but unpaid are included in noncontrolling interests on the balance sheet in the Investment Management segment, in the amount of $109.9 million at September 30, 2023 and $70.4 million at December 31, 2022. Carried interest allocated is recorded as net income attributable to noncontrolling interests in the Investment Management segment totaling $18.9 million and $13.8 million for the three months ended September 30, 2023 and 2022, respectively, and $40.3 million and $43.5 million for the nine months ended September 30, 2023 and 2022 respectively. Additionally, in connection with the DataBank recapitalization (Note 10) in the second half of 2022, Messrs. Ganzi and Jenkins received distributed carried interest in the form of equity interest in vehicles that invest in DataBank, of which $86.1 million in aggregate was not deemed a compensatory arrangement. Such equity interest represent ownership interests in DataBank. A portion of such equity interest was sold by Messrs. Ganzi and Jenkins in connection with the recapitalization transaction. Investment in Managed Investment Vehicles —Subject to the Company's related party policies and procedures, certain employees may invest on a discretionary basis in investment vehicles sponsored by the Company, either directly in the vehicle or indirectly through the Company's general partner entity. These investments are generally not subject to management fees or carried interest, but otherwise bear their proportionate share of other operating expenses of the investment vehicles. Such investments in consolidated investment vehicles and general partner entities totaled $21.0 million at September 30, 2023 and $17.7 million at December 31, 2022, reflected in redeemable noncontrolling interests and noncontrolling interests on the balance sheet in the Investment Management segment. The employees' share of net income was $1.4 million and $0.4 million for the three months ended September 30, 2023 and 2022, respectively, and $3.5 million and $0.1 million for the nine months ended September 30, 2023 and 2022, respectively. Such amounts are reflected in net income (loss) attributable to noncontrolling interests on the consolidated statement of operations in the Investment Management segment and exclude their share of carried interest allocation, which is reflected in compensation expense—incentive fee and carried interest allocation. Aircraft— P ursuant to Mr. Ganzi’s employment agreement, as amended, the Company has agreed to reimburse Mr. Ganzi for certain variable operational costs of business travel on a chartered or private jet (including any aircraft that Mr. Ganzi may partially or fully own), provided that the Company will not reimburse the allocable share (based on the number of passengers) of variable operational costs for any passenger on such flight who is not traveling on Company business. Additionally, the Company has also agreed to reimburse Mr. Ganzi for certain defined fixed costs of any aircraft owned by Mr. Ganzi. The fixed cost reimbursements will be made based on an allocable portion of an aircraft’s annual budgeted fixed cash operating costs, based on the number of hours the aircraft will be used for business purposes. At least once a year, the Company will reconcile the budgeted fixed operating costs with the actual fixed operating costs of the aircraft, and the Company or Mr. Ganzi, as applicable, will make a payment for any difference. The Company reimbursed Mr. Ganzi $1.7 million and $0.7 million for the three months ended September 30, 2023 and 2022, respectively, and $4.3 million and $1.8 million for the nine months ended September 30, 2023 and 2022 respectively. Advancement of Expenses— Effective April 1, 2021, Thomas J. Barrack stepped down as Executive Chairman of the Company and in July 2021, resigned as a member of the Company's Board of Directors. In October 2021, the Company entered into an Agreement Regarding Advancement of Certain Expenses ("Advancement Agreement") with Mr. Barrack, which is generally consistent with the Company’s obligations and Mr. Barrack’s rights regarding advancement of expenses under the terms of a January 2017 Indemnification Agreement between the Company and Mr. Barrack, and under the Company’s Bylaws. The Advancement Agreement (a) memorializes the parties’ disagreement as to the Company’s obligations and Mr. Barrack’s rights under the earlier Indemnification Agreement and the Company's Bylaws, and (b) obligates Mr. Barrack to reimburse the Company for such advanced expenses under certain circumstances. Pursuant to the Advancement Agreement , the Company expensed $7.5 million and $17.2 million in the three and nine months ended September 30, 2022, respectively, with immaterial expenses in 2023. The Company believes it has met all of its financial obligations under the Advancement Agreement and does not expect to make any further advances to Mr. Barrack thereunder.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	17. Commitments and Contingencies Litigation The Company may be involved in litigation in the ordinary course of business. As of September 30, 2023, the Company was not involved in any legal proceedings that are expected to have a material adverse effect on the Company’s results of operations, financial position or liquidity.

Supplemental Disclosure of Cash

Supplemental Disclosure of Cash Flow Information	9 Months Ended
	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure of Cash Flow Information	18. Supplemental Disclosure of Cash Flow Information Nine Months Ended September 30, (In thousands) 2023 2022 Supplemental Disclosure of Cash Flow Information Cash paid for interest, net of amounts capitalized of $5,433 and $1,674 $ 155,304 $ 163,646 Cash received (paid) for income taxes 969 5,782 Operating lease payments 46,615 50,584 Finance lease payments 11,918 11,750 Supplemental Disclosure of Cash Flows from Discontinued Operations Net cash provided by (used in) operating activities of discontinued operations $ (4,930) $ (16,038) Net cash provided by (used in) investing activities of discontinued operations 259,446 (12,915) Net cash provided by (used in) financing activities of discontinued operations (28,956) (12,503) Supplemental Disclosure of Noncash Investing and Financing Activities Dividends and distributions payable $ 16,418 $ 16,527 Payables for improvements in operating real estate and acquired lease intangibles 33,456 108,468 Receivables from asset sales 2,091 12,373 Operating lease ROU assets and lease liabilities established 29,050 16,840 Finance lease ROU assets and lease liabilities established 21,475 — Contingent consideration for acquisition of InfraBridge 10,874 — ROU asset and lease liability derecognized upon purchase of leased real estate (Note 3) 3,120 — Redemption of redeemable noncontrolling interest for common stock — 348,759 Seller note received in sale of NRF Holdco equity (Note 2) — 154,992 Loan receivable relieved in exchange for equity investment acquired — 20,676 Redemption of OP Units for common stock 984 341 Assets disposed or deconsolidated in sale of equity of investment entities (1) 4,633,562 3,420,783 Liabilities disposed or deconsolidated in sale of equity of investment entities (1) 3,046,668 3,144,700 Noncontrolling interests of investment entities sold and deconsolidated (1) 1,427,435 204,730 Exchange of notes for class A common shares — 60,317 __________ (1) Represents deconsolidation of DataBank in September 2023 and sale of Wellness Infrastructure business in February 2022 (Notes 10 and 2).

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	19. Subsequent Events No subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the accompanying notes.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 276,473	$ (49,088)	$ 70,013	$ (317,207)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. These statements reflect all normal and recurring adjustments which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented. However, the results of operations for the interim period presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2023, or any other future period. These interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in, or presented as exhibits to, the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The accompanying consolidated financial statements include the accounts of the Company and its controlled subsidiaries. All significant intercompany accounts and transactions have been eliminated. The portions of equity, net income (loss) and other comprehensive income (loss) of consolidated subsidiaries that are not attributable to the parent are presented separately as amounts attributable to noncontrolling interests in the consolidated financial statements. Noncontrolling interests represent predominantly the majority ownership held by third party investors in the Company's Operating segment, carried interest allocation to certain senior executives of the Company (Note 16), and membership interests in the OP primarily held by certain current and former employees of the Company.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates and assumptions.
Principles of Consolidation	Principles of Consolidation The Company consolidates entities in which it has a controlling financial interest by first considering if an entity meets the definition of a variable interest entity ("VIE") for which the Company is deemed to be the primary beneficiary, or if the Company has the power to control an entity through a majority of voting interest or through other arrangements. Variable Interest Entities —A VIE is an entity that either (i) lacks sufficient equity to finance its activities without additional subordinated financial support from other parties; (ii) whose equity holders lack the characteristics of a controlling financial interest; and/or (iii) is established with non-substantive voting rights. A VIE is consolidated by its primary beneficiary, which is defined as the party who has a controlling financial interest in the VIE through (a) power to direct the activities of the VIE that most significantly affect the VIE’s economic performance, and (b) obligation to absorb losses or right to receive benefits of the VIE that could be significant to the VIE. This assessment may involve subjectivity in the determination of which activities most significantly affect the VIE’s performance, and estimates about current and future fair value of the assets held by the VIE and financial performance of the VIE. In assessing its interests in the VIE, the Company also considers interests held by its related parties, including de facto agents. Additionally, the Company assesses whether it is a member of a related party group that collectively meets the power and benefits criteria and, if so, whether the Company is most closely associated with the VIE. In performing the related party analysis, the Company considers both qualitative and quantitative factors, including, but not limited to: the characteristics and size of its investment relative to the related party; the Company’s and the related party's ability to control or significantly influence key decisions of the VIE including consideration of involvement by de facto agents; the obligation or likelihood for the Company or the related party to fund operating losses of the VIE; and the similarity and significance of the VIE’s business activities to those of the Company and the related party. The determination of whether an entity is a VIE, and whether the Company is the primary beneficiary, may involve significant judgment, and depends upon facts and circumstances specific to an entity at the time of the assessment. Voting Interest Entities —Unlike VIEs, voting interest entities have sufficient equity to finance their activities and equity investors exhibit the characteristics of a controlling financial interest through their voting rights. The Company consolidates such entities when it has the power to control these entities through ownership of a majority of the entities' voting interests or through other arrangements.
Noncontrolling Interests	Noncontrolling Interests Redeemable Noncontrolling Interests —This represents noncontrolling interests in sponsored open-end funds in the liquid securities strategy that are consolidated by the Company. The limited partners of these funds have the ability to withdraw all or a portion of their interests from the funds in cash with advance notice. Prior to full redemption in May 2022, there was also redeemable noncontrolling interests in the Company's investment management business, as discussed further in Note 10. Redeemable noncontrolling interests is presented outside of permanent equity. Allocation of net income or loss to redeemable noncontrolling interests is based upon their ownership percentage during the period. The carrying amount of redeemable noncontrolling interests is adjusted to its redemption value at the end of each reporting period to an amount not less than its initial carrying value, except for amounts contingently redeemable which will be adjusted to redemption value only when redemption is probable. Such adjustments will be recognized in additional paid-in capital. Noncontrolling Interests in Investment Entities —This represents predominantly the majority ownership held by third party investors in the Company's Operating segment and carried interest allocation to certain senior executives of the Company (Note 16). Excluding carried interests, allocation of net income or loss is generally based upon relative ownership interests. Noncontrolling Interests in Operating Company —This represents membership interests in OP held primarily by certain current and former employees of the Company. Noncontrolling interests in OP are allocated a share of net income or loss in OP based upon their weighted average ownership interest in OP during the period. Noncontrolling interests in OP have the right to require OP to redeem part or all of such member’s membership units in OP ("OP Units") for cash based on the market value of an equivalent number of shares of class A common stock at the time of redemption, or at the Company's election as managing member of OP, through issuance of shares of class A common stock (registered or unregistered) on a one-for-one basis. At the end of each reporting period, noncontrolling interests in OP is adjusted to reflect their ownership percentage in OP at the end of the period, through a reallocation between controlling and noncontrolling interests in OP, as applicable.
Segment Reporting	Segment Reporting The Company conducts its business through two reportable segments: (i) Investment Management; and (ii) Operating, the Company's direct co-investment in digital infrastructure assets held by its portfolio companies. • Investment Management — This segment represents the Company's global investment management platform, deploying and managing capital on behalf of a diverse base of global institutional investors. The Company's investment management platform is composed of a growing number of long-duration, private investment funds designed to provide institutional investors access to investments across different segments of the digital infrastructure ecosystem. In addition to its flagship value-add digital infrastructure equity offerings, the Company's investment offerings have expanded to include core equity, credit and liquid securities. The Company earns management fees based upon the assets or capital managed in investment vehicles, and may earn incentive fees and carried interest based upon the performance of such investment vehicles, subject to achievement of minimum return hurdles. The amount of incentive fees and carried interest recognized, a portion of which is allocated to employees and former employees, may be highly variable from period to period. Earnings from the Investment Management segment were attributed 31.5% to affiliates of Wafra, Inc. (collectively, "Wafra"), a private investment firm, prior to the Company's redemption of Wafra's interest in the investment management business at the end of May 2022 (Note 10). • Operating— This segment is composed of balance sheet equity interests in digital infrastructure portfolio companies, which generally earn rental income from providing use of digital asset space and/or capacity through leases, services and other agreements. The Company owned interests in two portfolio companies: Vantage SDC, a stabilized hyperscale data center business (DBRG ownership of 13% at September 30, 2023 and December 31, 2022), and DataBank, an edge colocation data center business (DBRG ownership of 11% at December 31, 2022 and through the final close of the recapitalization and deconsolidation in mid-September 2023; thereafter, the Company's remaining 9.87% interest in DataBank is presented within Corporate and Other) (Note 10). DataBank and Vantage SDC are portfolio companies managed by the Company under its Investment Management segment with respect to equity interests funded through third party capital. The Company's remaining investment activities and corporate level activities are presented as Corporate and Other. • Other investment activities are composed of the Company's equity interests in: (i) sponsored investment vehicles, primarily the DigitalBridge Partners ("DBP") flagship funds, InfraBridge funds and funds invested in DataBank, and seed investments in liquid securities and other potential new strategies; and (ii) remaining non-digital investments. Outside of its general partner interests, which are presented in the Investment Management segment, the Company's other equity interests in its sponsored and/or managed investment vehicles as general partner affiliate are considered to be incidental to its investment management business. The primary economics to the Company are represented by fee income and carried interest allocation as general partner and/or manager, rather than economics from its equity interest in the investment vehicles as a general partner affiliate or limited partner equivalent. With respect to seed investments, these are not intended to be a long-term deployment of capital by the Company and are warehoused on the Company's balance sheet potentially until such time that sufficient third party capital has been raised from sponsored funds. Remaining non-digital investments are composed of a marketable equity security, and equity interest in a non-traded REIT that is not available for immediate sale (Note 11). These other investment activities generate largely principal investment income from sponsored funds, and to a lesser extent, revenues in the form of dividend income from consolidated investment vehicles and non-digital investments. • Corporate activities include corporate level cash and corresponding interest income, corporate level financing and related interest expense, corporate level transaction costs, costs in connection with unconsummated investments, income and expense related to cost reimbursement arrangements with affiliates, fixed assets for corporate use, compensation expense not directly attributable to the Investment Management segment, corporate level administrative and overhead costs, and adjustments to eliminate intercompany fees. Costs which are directly attributable, or otherwise can be subjected to a reasonable and systematic attribution, have been attributed to the Investment Management segment. For all periods presented prior to its deconsolidation on September 14, 2023 (Note 10), the consolidated results of operations of DataBank was included in the Operating segment as it represented the activities of a consolidated portfolio company that directly holds and operates digital infrastructure assets. The Operating segment continues to be a separate reporting segment that reflects the results of operations of Vantage SDC, the Company's remaining consolidated portfolio company. Subsequent to deconsolidation, the Company's retained interest in DataBank that is held through a sponsored investment vehicle is treated as an equity method investment for which the Company accounts only for its share of changes in the fair value of DataBank, and is presented in Corporate and Other, consistent with the treatment and presentation of the Company's interests as general partner affiliate in its other sponsored investment vehicles. Accordingly, the change in segment presentation as a result of deconsolidating DataBank does not represent a change in reporting segments and as a result, there is no change to prior period segment presentation as it relates to the Company's interest in DataBank. The results of operations of the Company's reportable segments are presented in the supplemental schedules to the consolidated statements of operations and reconciled to the consolidated statements of operations as follows: Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 (In thousands) Investment Management Operating Corporate and Other Total Investment Management Operating Corporate and Other Total Income (Loss) attributable to DigitalBridge Group, Inc. Continuing operations $ 52,391 $ (10,191) $ 236,642 $ 278,842 $ 24,233 $ (15,881) $ 16,909 $ 25,261 Discontinued operations (2,369) (74,349) Net income (loss) attributable to DigitalBridge Group, Inc. $ 276,473 $ (49,088) Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 (In thousands) Investment Management Operating Corporate and Other Total Investment Management Operating Corporate and Other Total Income (Loss) attributable to DigitalBridge Group, Inc. Continuing operations $ 50,502 $ (31,489) $ 70,697 $ 89,710 $ 37,900 $ (43,512) $ (152,026) $ (157,638) Discontinued operations (19,697) (159,569) Net income (loss) attributable to DigitalBridge Group, Inc. $ 70,013 $ (317,207)
Acquisitions	Acquisitions Definition of a Business —The Company evaluates each purchase transaction to determine whether the acquired assets meet the definition of a business. If substantially all of the fair value of gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, then the set of transferred assets and activities is not a business. If not, for an acquisition to be considered a business, it would have to include an input and a substantive process that together significantly contribute to the ability to create outputs (i.e., there is a continuation of revenue before and after the transaction). A substantive process is not ancillary or minor, cannot be replaced without significant costs, effort or delay or is otherwise considered unique or scarce. To qualify as a business without outputs, the acquired assets would require an organized workforce with the necessary skills, knowledge and experience to perform a substantive process. Asset Acquisitions —For acquisitions that are not deemed to be businesses, the assets acquired are recognized based on their cost to the Company as the acquirer and no gain or loss is recognized. The cost of assets acquired in a group is allocated to individual assets within the group based on their relative fair values and does not give rise to goodwill. Transaction costs related to acquisition of assets are included in the cost basis of the assets acquired. Business Combinations —The Company accounts for acquisitions that qualify as business combinations by applying the acquisition method. Transaction costs related to acquisition of a business are expensed as incurred and excluded from the fair value of consideration transferred. The identifiable assets acquired, liabilities assumed and noncontrolling interests in an acquired entity are recognized and measured at their estimated fair values, except as discussed below. The excess of the consideration transferred over the values of identifiable assets acquired, liabilities assumed and noncontrolling interests in an acquired entity, net of fair value of any previously held interest in the acquired entity, is recorded as goodwill. Such valuations require management to make significant estimates and assumptions. With respect to contract assets and contract liabilities acquired in a business combination, these are not accounted for under the fair value basis at the time of acquisition. Instead, the Company determines the value of these revenue contracts as if it had originated the acquired contracts by evaluating the associated performance obligations, transaction price and relative stand-alone selling price at the original contract inception date or subsequent modification dates. The estimated fair values and allocation of consideration are subject to adjustments during the measurement period, not to exceed one year, based upon new information obtained about facts and circumstances that existed at time of acquisition. Contingent Consideration —Contingent consideration is classified as a liability or equity, as applicable. Contingent consideration in connection with the acquisition of a business or a VIE is measured at fair value on acquisition date, and unless classified as equity, is remeasured at fair value each reporting period thereafter until the consideration is settled, with changes in fair value included in earnings. Contingent consideration in connection with the acquisition of assets (and that is not a VIE) is generally recognized when the liability is considered both probable and reasonably estimable, as part of the basis of the acquired assets
Discontinued Operations and Assets and Related Liabilities Held for Disposition	Discontinued Operations If the disposition of a component, being an operating or reportable segment, business unit, subsidiary or asset group, represents a strategic shift that has or will have a major effect on the Company’s operations and financial results, the operating profits or losses of the component when classified as held for sale, and the gain or loss upon disposition of the component, are presented as discontinued operations in the statements of operations. A business or asset group acquired in connection with a business combination that meets the criteria to be accounted for as held for sale at the date of acquisition is reported as discontinued operations, regardless of whether it meets the strategic shift criterion. In March 2023, the Company sold the entirety of its equity method investment in BrightSpire Capital, Inc. (NYSE: BRSP) of approximately 35.0 million shares for net proceeds totaling $201.6 million. The Company's investment in BRSP qualified as held for sale in March 2023 and its disposition represents a strategic shift that has major effects on the Company’s operations and financial results, meeting the criteria as discontinued operations as of March 2023. Accordingly, for all prior periods presented, the equity method investment in BRSP is presented as assets held for disposition on the consolidated balance sheets and equity method earnings (loss) from BRSP is presented as loss from discontinued operations on the consolidated statements of operations. In 2023, discontinued operations primarily reflect a $9.7 million impairment of BRSP shares prior to its disposition, and activities associated with equity investments excluded from the December 2021 bulk sale of the Company's non-digital investment portfolio. In addition to the above equity investments, in 2022, discontinued operations also included two months of operations of the Wellness Infrastructure business, along with other non-core assets held by a subsidiary, NRF Holdco, LLC ("NRF Holdco"), prior to the sale of all of the equity of NRF Holdco in February 2022. The sales price for 100% of the equity of NRF Holdco was $281 million, composed of $126 million cash and a $155 million unsecured promissory note, which was fully written down in March 2023, as discussed in Note 11. In 2022, the disposition of NRF Holdco resulted in a write-off of unamortized deferred financing costs on the Wellness Infrastructure debt assumed by the buyer of $92.1 million and additional impairment loss based upon final carrying value of the Wellness Infrastructure net assets. Loss from discontinued operations is summarized as follows. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Revenues $ 1,770 $ 6,375 $ 5,608 $ 88,658 Expenses (4,325) (7,601) (12,684) (245,236) Other gain (loss) (84) (80,544) (13,770) (29,733) Income tax benefit (expense) 36 (8,532) 47 (2,424) Income (Loss) from discontinued operations (2,603) (90,302) (20,799) (188,735) Income (Loss) from discontinued operations attributable to noncontrolling interests: Investment entities (55) (10,227) 437 (16,016) Operating Company (179) (5,726) (1,539) (13,150) Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc. $ (2,369) $ (74,349) $ (19,697) $ (159,569) Assets and Related Liabilities Held for Disposition The Company initially measures assets classified as held for disposition at the lower of their carrying amounts or fair value less disposal costs. For bulk sale transactions, the unit of account is the disposal group, with any excess of the aggregate carrying value over estimated fair value less costs to sell allocated to the individual assets within the group.
Reclassifications	Reclassifications Reclassifications have been made in connection with discontinued operations, as discussed in "— Discontinued Operations. " Additionally, the Company determined that principal investment income from its equity interest as general partner and general partner affiliate in its sponsored investment vehicles, and its entitlement to carried interest allocation, represent a core component of returns in its investment management business. Accordingly, beginning in 2023, principal investment income and carried interest allocation are presented within total revenues on the consolidated statements of operations. Prior periods have been reclassified to conform to current presentation.
Accounting Standards Adopted in 2023	Accounting Standards Adopted in 2023 Contractual Sale Restriction on Equity Securities In June 2022, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions , which amends Accounting Standards Codification ("ASC") Topic 820, Fair Valu e Measurement, to clarify that a contractual sale restriction that is entity-specific is not part of the unit of account of an equity security and is therefore not considered in measuring the fair value of an equity security, in which case, a discount should not be applied. The amendment further prohibits recognizing the contractual sale restriction as a separate unit of account, that is, as a contra asset or liability. Sale restrictions that are characteristics of the holder of an equity security include, but are not limited to, lock-up agreements, market stand-off agreements, or specific provisions in agreements between shareholders. In contrast, a legal restriction preventing a security from being sold on a national securities exchange or an over-the-counter market is a security-specific characteristic as the restriction would similarly apply to a market participant buyer in an assumed sale of the security. This guidance also applies to issuers of equity securities that are subject to contractual sale restrictions, for example, equity securities issued as consideration in a business combination. The ASU requires additional disclosures related to equity securities that are subject to contractual sale restrictions, specifically (1) the fair value of such equity securities, (2) the nature and remaining duration of the restrictions, and (3) any circumstances that could cause a lapse in restrictions. The ASU is effective January 1, 2024, with early adoption permitted in the interim periods. Transition is prospective with any fair value adjustments resulting from adoption recognized in earnings and the amount adjusted disclosed in the period of adoption. For subsidiaries of the Company that are investment companies as defined in ASC Topic 946, Financial Services—Investment Companies, the ASU is applied prospectively to equity securities with contractual sale restrictions entered into or modified on or after the adoption date. For equity securities with contractual sale restrictions entered into or modified before the adoption date, the existing accounting policy continues to be applied until the restrictions expire or are modified, and if the existing accounting policy differs from the amended guidance, the additional disclosure requirements under the ASU would be applicable.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of Operating Results	The results of operations of the Company's reportable segments are presented in the supplemental schedules to the consolidated statements of operations and reconciled to the consolidated statements of operations as follows: Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 (In thousands) Investment Management Operating Corporate and Other Total Investment Management Operating Corporate and Other Total Income (Loss) attributable to DigitalBridge Group, Inc. Continuing operations $ 52,391 $ (10,191) $ 236,642 $ 278,842 $ 24,233 $ (15,881) $ 16,909 $ 25,261 Discontinued operations (2,369) (74,349) Net income (loss) attributable to DigitalBridge Group, Inc. $ 276,473 $ (49,088) Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 (In thousands) Investment Management Operating Corporate and Other Total Investment Management Operating Corporate and Other Total Income (Loss) attributable to DigitalBridge Group, Inc. Continuing operations $ 50,502 $ (31,489) $ 70,697 $ 89,710 $ 37,900 $ (43,512) $ (152,026) $ (157,638) Discontinued operations (19,697) (159,569) Net income (loss) attributable to DigitalBridge Group, Inc. $ 70,013 $ (317,207)
Schedule of Discontinued Operations, Net Income (Loss)	Loss from discontinued operations is summarized as follows. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Revenues $ 1,770 $ 6,375 $ 5,608 $ 88,658 Expenses (4,325) (7,601) (12,684) (245,236) Other gain (loss) (84) (80,544) (13,770) (29,733) Income tax benefit (expense) 36 (8,532) 47 (2,424) Income (Loss) from discontinued operations (2,603) (90,302) (20,799) (188,735) Income (Loss) from discontinued operations attributable to noncontrolling interests: Investment entities (55) (10,227) 437 (16,016) Operating Company (179) (5,726) (1,539) (13,150) Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc. $ (2,369) $ (74,349) $ (19,697) $ (159,569)

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Consideration and Allocation to Assets Acquired and Liabilities Assumed	The following table summarizes the total consideration and allocation to assets acquired and liabilities assumed. The initial cash consideration was determined, in part, based upon estimated net working capital of the acquired entities at closing. The purchase price allocation is provisional and will be finalized through the one year measurement period. In the second and third quarters of 2023, certain adjustments were identified that affected the provisional accounting, as presented below. These were adjustments to net working capital and to the value of acquired interest in an InfraBridge fund based upon a revised net asset value ("NAV") of the fund, applying new information about facts and circumstances that existed at the time of acquisition. (In thousands) As Reported Measurement Period Adjustments As Revised At September 30, 2023 Consideration Cash $ 364,338 $ 1,102 $ 365,440 Estimated fair value of contingent consideration 10,874 — 10,874 $ 375,212 $ 376,314 Assets acquired and liabilities assumed Cash 51,174 — 51,174 Principal investments 130,810 (18,500) 112,310 Intangible assets 50,800 — 50,800 Other assets 27,682 8,517 36,199 Deferred tax liabilities (10,198) — (10,198) Other liabilities (21,625) (10,190) (31,815) Fair value of net assets acquired 228,643 208,470 Goodwill 146,569 21,275 167,844 $ 375,212 $ 376,314 The following table summarizes the allocation of cash consideration to assets acquired, which includes capitalized transaction costs. 2023 2022 (In thousands) Acquisition by DataBank Vantage SDC Expansion Capacity TowerCo Acquisitions by DataBank Vantage SDC Expansion Capacity Purchase price allocation Real estate $ 153,944 $ 26,578 $ 363,121 $ 627,474 $ 140,140 Intangible assets 1,993 5,070 673,218 77,885 21,162 ROU and other assets — — 234,462 3,994 — Deferred tax liabilities — — (243,223) — — Intangible, lease and other liabilities (1,334) — (236,324) (2,839) — $ 154,603 $ 31,648 $ 791,254 $ 706,514 $ 161,302

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investments in Unconsolidated Ventures	The Company's equity and debt investments are represented by the following: (In thousands) September 30, 2023 December 31, 2022 Investment Management Equity method investments Principal investments $ 59,668 $ 51,665 Carried interest allocation 506,736 341,749 566,404 393,414 Other equity investment 2,488 1,913 Total Investment Management 568,892 395,327 Operating Debt investments—loan receivable — 4,638 Corporate and Other Equity method investments—Principal investments 990,289 358,846 Equity investments of consolidated funds 178,176 185,845 Other equity investments 91,697 113,111 Debt investments CLO subordinated notes 50,927 50,927 Loan receivable — 133,307 Total Corporate and Other 1,311,089 842,036 Total Investments $ 1,879,981 $ 1,242,001
Schedule of Available-for-sale Securities	The balance of the CLO subordinated notes is summarized as follows: Amortized Cost without Allowance for Credit Loss Allowance for Credit Loss Gross Cumulative Unrealized (in thousands) Gains Losses Fair Value At September 30, 2023 and December 31, 2022 $ 50,927 $ — $ — $ — $ 50,927

Real Estate (Tables)

Real Estate (Tables)	9 Months Ended
	Sep. 30, 2023
Real Estate [Abstract]
Schedule of Components of Real Estates	The following table summarizes the Company's real estate held for investment by subsidiaries in the Operating segment. (In thousands) September 30, 2023 December 31, 2022 Land $ 117,409 $ 257,588 Buildings and improvements 923,308 1,573,605 Data center infrastructure 2,450,515 4,427,150 Construction in progress 25,155 395,393 3,516,387 6,653,736 Less: Accumulated depreciation (465,810) (732,438) Real estate assets, net $ 3,050,577 $ 5,921,298
Schedule of Components of Property Operating Income	Components of property operating income are as follows. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Lease income: Fixed lease income $ 158,905 $ 195,701 $ 514,862 $ 537,213 Variable lease income 37,434 29,453 105,123 86,668 196,339 225,154 619,985 623,881 Data center service revenue 16,995 18,925 56,993 56,903 Other property operating income 724 257 2,760 314 $ 214,058 $ 244,336 $ 679,738 $ 681,098

Goodwill, Deferred Leasing Co_2

Goodwill, Deferred Leasing Costs and Other Intangibles (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table presents changes in goodwill by reportable segment. Nine Months Ended September 30, 2023 2022 (In thousands) Investment Management (1) Operating Total Investment Management (1) Operating Total Beginning balance $ 298,248 $ 463,120 $ 761,368 $ 298,248 $ 463,120 $ 761,368 Business combination (Note 3) 167,844 — 167,844 — — — Deconsolidation (Note 10) — (463,120) (463,120) — — — Ending balance $ 466,092 $ — $ 466,092 $ 298,248 $ 463,120 $ 761,368 __________ (1) Remaining goodwill deductible for income tax purposes was $114.4 million at September 30, 2023
Schedule of Deferred Leasing Costs and Other Intangibles	Deferred leasing costs and identifiable intangible assets and liabilities are as follows. September 30, 2023 December 31, 2022 (In thousands) Carrying Amount (1)(2) Accumulated Amortization (1)(2) Net Carrying Amount (1) Carrying Amount (1) Accumulated Amortization (1) Net Carrying Amount (1) Deferred Leasing Costs and Intangible Assets Investment management intangibles (3) $ 202,215 $ (94,953) $ 107,262 $ 164,189 $ (82,432) $ 81,757 Deferred leasing costs and lease-related intangible assets (4) 817,983 (230,996) 586,987 1,239,477 (397,975) 841,502 Customer relationships and service contracts (5) — — — 218,154 (62,788) 155,366 Trade names 4,300 (1,799) 2,501 26,400 (15,656) 10,744 Other (6) 1,519 (515) 1,004 6,818 (4,020) 2,798 Total deferred leasing costs and intangible assets $ 1,026,017 $ (328,263) $ 697,754 $ 1,655,038 $ (562,871) $ 1,092,167 Intangible Liabilities Lease intangible liabilities (4) $ 26,716 $ (5,883) $ 20,833 $ 46,636 $ (16,812) $ 29,824 __________ (1) Presented net of impairments and write-offs, if any. (2) Exclude intangible assets and liabilities that were fully amortized in prior years. (3) Composed of investment management contracts and investor relationships. (4) Lease intangible assets are composed of in-place leases, above-market leases and tenant relationships. Lease-intangible liabilities are composed of below-market leases. (5) In connection with data center services provided in the colocation data center business which was deconsolidated in September 2023.
Schedule of Amortization of Intangible Assets and Liabilities	The following table summarizes amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Net increase (decrease) to rental income (1) $ 383 $ (3) $ 457 $ 172 Amortization expense Investment management intangibles $ 8,685 $ 5,066 $ 25,496 $ 15,176 Deferred leasing costs and lease-related intangibles 25,120 34,834 92,488 118,941 Customer relationships and service contracts 3,392 7,754 11,853 18,554 Trade name 911 1,098 3,107 3,294 Other 395 477 1,354 1,431 $ 38,503 $ 49,229 $ 134,298 $ 157,396 __________ (1) Represents the net effect of amortizing above- and below-market leases.
Schedule of Estimated Annual Amortization Expense	The following table presents the future amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities . Year Ending December 31, (In thousands) Remaining 2023 2024 2025 2026 2027 2028 and thereafter Total Net increase (decrease) to rental income $ (447) $ (1,759) $ (1,875) $ (1,301) $ (1,049) $ 1,043 $ (5,388) Amortization expense 25,155 90,489 83,319 73,978 64,047 334,545 671,533

Restricted Cash, Other Assets_2

Restricted Cash, Other Assets and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Restricted Cash, Other Assets And Other Liabilities [Abstract]
Schedule of the Company's Other Assets, Net	The following table summarizes the Company's other assets. (In thousands) September 30, 2023 December 31, 2022 Straight-line rents $ 52,470 $ 42,721 Investment deposits and pending deal costs 310 1,377 Derivative assets — 11,793 Prepaid taxes and deferred tax assets, net 11,197 8,709 Receivables from resolution of investment 350 14,923 Operating lease right-of-use asset—corporate offices 34,749 23,689 Operating lease right-of-use asset—investment properties — 305,760 Finance lease right-of-use asset—investment properties — 120,261 Accounts receivable, net (1) 30,438 66,059 Prepaid expenses 16,361 28,760 Other assets 11,374 15,798 Fixed assets, net (2) 8,091 14,200 Total other assets $ 165,340 $ 654,050 __________ (1) Includes primarily receivables from tenants in the Operating segment. (2) Net of accumulated depreciation of $8.4 million at September 30, 2023 and $17.9 million at December 31, 2022 .
Schedule of Accrued and Other Liabilities	The following table summarizes the Company's other liabilities: (In thousands) September 30, 2023 December 31, 2022 Deferred investment management fees (1) $ 8,918 $ 6,264 Other deferred income (2) 36,174 55,188 Interest payable—corporate debt 1,181 4,431 Interest payable—investment level debt 3,420 5,624 Common and preferred stock dividends payable 16,418 16,491 Securities sold short—consolidated funds 43,832 40,928 Due to custodians—consolidated funds 9,548 35,458 Current and deferred income tax liability 7,304 98 Contingent consideration payable—InfraBridge (Note 11) 11,203 — Contingent consideration payable—Wafra (Note 10) 35,000 125,000 Warrants issued to Wafra (Note 10) 41,400 17,700 Operating lease liability—corporate offices 49,954 40,497 Operating lease liability—investment properties — 282,433 Finance lease liability—investment properties — 135,624 Accrued compensation 48,756 52,031 Accrued incentive fee and carried interest compensation 242,402 171,086 Accrued real estate and other taxes 6,569 21,580 Payable for Vantage SDC expansion capacity (3) 38,538 56,889 Accounts payable and accrued expenses 45,118 185,900 Due to affiliates (Note 16) 13,055 12,451 Other liabilities 9,782 6,423 Other liabilities $ 668,572 $ 1,272,096 __________ (1) Deferred investment management fees are expected to be recognized as fee income over a weighted average period of 2.8 years as of September 30, 2023 and 2.9 years as of December 31, 2022. Deferred investment management fees recognized as income of $1.5 million and $0.6 million in the three months ended September 30, 2023 and 2022 , respectively, and $2.8 million and $3.1 million in the nine months ended September 30, 2023 and 2022, respectively, pertain to the deferred management fee balance at the beginning of each respective period. (2) Represents primarily prepaid rental income and upfront payment received for data center installation services in the Operating segment. (3) Represents deferred purchase consideration associated with a Vantage SDC add-on acquisition in 2021 that is to be paid upon future lease-up.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Corporate debt is presented within Corporate and Other, except that a portion of the securitized financing facility is allocated to the Investment Management and Operating segments consistent with the cash flows that service the debt and the underlying collateral that resides across the Company's various lines of business. September 30, 2023 December 31, 2022 (In thousands) Investment Management Operating Corporate and Other Total Investment Management Operating Corporate and Other Total Corporate debt Securitized financing facility $ 199,745 $ 70,499 $ 23,499 $ 293,743 $ 198,677 $ 70,120 $ 23,374 $ 292,171 Convertible and exchangeable senior notes — — 77,378 77,378 — — 276,741 276,741 $ 199,745 $ 70,499 $ 100,877 $ 371,121 $ 198,677 $ 70,120 $ 300,115 $ 568,912 The components that make up the carrying value of corporate and investment-level debt are as follows. Corporate Debt (In thousands) Securitized Financing Facility Convertible and Exchangeable Senior Notes Total Non-Recourse Investment-Level Debt September 30, 2023 Debt at amortized cost Principal $ 300,000 $ 78,422 $ 378,422 $ 2,806,408 Premium (discount), net — (933) (933) 5,119 Deferred financing costs (6,257) (111) (6,368) (25,475) $ 293,743 $ 77,378 $ 371,121 $ 2,786,052 December 31, 2022 Debt at amortized cost Principal $ 300,000 $ 278,422 $ 578,422 $ 4,634,235 Premium (discount), net — (1,293) (1,293) 10,713 Deferred financing costs (7,829) (388) (8,217) (57,720) $ 292,171 $ 276,741 $ 568,912 $ 4,587,228 The following table summarizes certain key terms of corporate and investment-level debt. Fixed Rate Variable Rate Total ($ in thousands) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) September 30, 2023 Corporate debt Recourse Securitized financing facility (3) $ 300,000 3.93 % 3.0 $ — NA 3.0 $ 300,000 3.93 % 3.0 Exchangeable senior notes 78,422 5.75 % 1.8 — NA NA 78,422 5.75 % 1.8 $ 378,422 $ — $ 378,422 Investment-Level Secured Debt Non-recourse Operating segment $ 2,801,748 2.84 % 2.7 $ — NA NA $ 2,801,748 2.84 % 2.7 Corporate and Other—Consolidated fund — NA NA 4,660 6.92 % 0.9 4,660 6.92 % 0.9 $ 2,801,748 $ 4,660 $ 2,806,408 December 31, 2022 Corporate debt Recourse Securitized financing facility (3) $ 300,000 3.93 % 3.7 $ — NA 3.7 $ 300,000 3.93 % 3.7 Convertible and exchangeable senior notes 278,422 5.21 % 0.9 — NA NA 278,422 5.21 % 0.9 $ 578,422 $ — $ 578,422 Investment-Level Secured Debt Non-recourse Operating segment $ 3,640,235 2.43 % 3.1 $ 993,500 8.41 % 2.6 $ 4,633,735 3.71 % 3.0 Corporate and Other—Consolidated fund — NA NA 500 5.96 % 1.6 500 5.96 % 1.6 $ 3,640,235 $ 994,000 $ 4,634,235 __________ (1) Calculated based upon outstanding debt principal at balance sheet date. For variable rate debt, weighted average interest rate is calculated based upon the applicable index plus spread at balance sheet date. (2) Calculated based upon anticipated repayment dates for notes issued under securitization financing; otherwise based upon initial maturity dates, or extended maturity dates if extension criteria are met for extensions that are at the Company's option. (3) Represent obligations of special-purpose subsidiaries of the OP as co-issuers and certain other special-purpose subsidiaries of DBRG, and secured by assets of these special-purpose subsidiaries, as further described below. DBRG and the OP are not guarantors to the debt.
Schedule of Convertible Senior Notes Issued	Convertible and exchangeable senior notes (collectively, the senior notes) are composed of the following, representing senior unsecured obligations of DigitalBridge Group, Inc. or the OP as issuers of the senior notes: Description Issuance Date Due Date Interest Rate (per annum) Conversion or Exchange Price (per share of common stock) Conversion or Exchange Ratio (in shares) (1) Conversion or Exchange Shares (in thousands) Earliest Redemption Date Outstanding Principal September 30, 2023 December 31, 2022 Issued by DigitalBridge Group, Inc. 5.00% Convertible Senior Notes (2) April 2013 April 15, 2023 5.00 % $ 63.02 15.8675 3,174 April 22, 2020 $ — $ 200,000 Issued by DigitalBridge Operating Company, LLC 5.75% Exchangeable Senior Notes July 2020 July 15, 2025 5.75 % 9.20 108.6956 8,524 July 21, 2023 78,422 78,422 $ 78,422 $ 278,422 __________ (1) The conversion or exchange ratio for the senior notes is subject to periodic adjustments to reflect certain carried-forward adjustments relating to common stock splits, reverse stock splits, common stock adjustments in connection with spin-offs and cumulative cash dividends paid on the Company's common stock since the issuances of the senior notes. The ratios are presented in shares of common stock per $1,000 principal of each senior note.
Schedule of Future Minimum Principal Payments	The following table summarizes future scheduled minimum principal payments of debt at September 30, 2023. Future debt principal payments are presented based upon anticipated repayment dates for notes issued under securitization financing, or based upon initial maturity dates or extended maturity dates if extension criteria are met at September 30, 2023 for extensions that are at the option of the respective borrower entities. (In thousands) Remaining 2023 2024 2025 2026 2027 2028 and thereafter Total Corporate debt Securitized financing facility $ — $ — $ — $ 300,000 $ — $ — $ 300,000 Exchangeable senior notes — — 78,422 — — — 78,422 $ — $ — $ 78,422 $ 300,000 $ — $ — $ 378,422 Non-recourse investment-level secured debt Operating segment $ 995 $ 600,753 $ 700,000 $ 530,000 $ 600,000 $ 370,000 $ 2,801,748 Corporate and Other—Consolidated fund — 4,660 — — — — 4,660 $ 995 $ 605,413 $ 700,000 $ 530,000 $ 600,000 $ 370,000 $ 2,806,408

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of Activity of Preferred and Common Stock	The table below summarizes the share activities of the Company's preferred stock and common stock. Number of Shares (In thousands) Preferred Stock Class A Common Stock Class B Common Stock Shares outstanding at December 31, 2021 35,340 142,144 166 Stock repurchases (2,229) (945) — Exchange of notes for class A common stock — 6,389 — Shares issued upon redemption of OP Units — 100 — Shares issued for redemption of redeemable noncontrolling interest (Note 10) — 14,435 — Equity awards issued, net of forfeitures — 1,533 — Shares canceled for tax withholding on vested equity awards — (681) — Shares outstanding at September 30, 2022 33,111 162,975 166 Shares outstanding at December 31, 2022 33,111 159,763 166 Stock repurchases (235) — — Shares issued upon redemption of OP Units — 253 — Equity awards issued, net of forfeitures — 4,815 — Shares canceled for tax withholding on vested equity awards — (1,567) — Shares outstanding at September 30, 2023 32,876 163,264 166 The table below summarizes the preferred stock issued and outstanding at September 30, 2023: Description Dividend Rate Per Annum Initial Issuance Date Shares Outstanding (in thousands) Par Value (in thousands) Liquidation Preference (in thousands) Earliest Redemption Date Series H 7.125 % April 2015 8,395 $ 84 $ 209,870 Currently redeemable Series I 7.15 % June 2017 12,867 129 321,668 Currently redeemable Series J 7.125 % September 2017 11,614 116 290,361 Currently redeemable 32,876 $ 329 $ 821,899
Schedule of Components of Accumulated Other Comprehensive Income (Loss) Attributable to Stockholders	The following tables present the changes in each component of AOCI attributable to stockholders and noncontrolling interests in investment entities, net of immaterial tax effect. AOCI attributable to noncontrolling interests in Operating Company is immaterial. Changes in Components of AOCI—Stockholders (In thousands) Company's Share in AOCI of Equity Method Investments Unrealized Gain (Loss) on AFS Debt Securities Foreign Currency Translation Gain (Loss) Unrealized Gain (Loss) on Net Investment Hedges Total AOCI at December 31, 2021 $ 2,334 $ 5,861 $ 26,502 $ 7,686 $ 42,383 Other comprehensive income (loss) before reclassifications (3,790) — (36,281) 24,477 (15,594) Amounts reclassified from AOCI (200) (5,861) (17,016) (7,768) (30,845) AOCI at September 30, 2022 $ (1,656) $ — $ (26,795) $ 24,395 $ (4,056) AOCI at December 31, 2022 $ (295) $ — $ (1,214) $ — $ (1,509) Other comprehensive income (loss) before reclassifications (1) — 1,264 — 1,263 Amounts reclassified from AOCI 296 — (902) — (606) Deconsolidation of DataBank — — 965 — 965 AOCI at September 30, 2023 $ — $ — $ 113 $ — $ 113 Changes in Components of AOCI—Noncontrolling Interests in Investment Entities (In thousands) Foreign Currency Translation Gain (Loss) AOCI at December 31, 2021 $ 11,057 Other comprehensive income (loss) before reclassifications (29,551) Amounts reclassified from AOCI (9,819) AOCI at September 30, 2022 $ (28,313) AOCI at December 31, 2022 $ (3,015) Other comprehensive income (loss) before reclassifications (1,666) Amounts reclassified from AOCI 2,082 Deconsolidation of DataBank 2,550 AOCI at September 30, 2023 $ (49)
Schedule of Reclassification out of Accumulated Other Comprehensive Income	Information about amounts reclassified out of AOCI attributable to stockholders by component is presented below. Such amounts are included in other gain (loss) in continuing and discontinued operations on the consolidated statements of operations, as applicable, except for amounts related to equity method investments, which are included in equity method losses in discontinued operations. (In thousands) Three Months Ended September 30, Nine Months Ended September 30, Component of AOCI reclassified into earnings 2023 2022 2023 2022 Relief of basis of AFS debt securities $ — $ — $ — $ 5,861 Release of foreign currency cumulative translation adjustments 284 (3,664) 902 17,016 Realized gain on net investment hedges — 7,768 — 7,768 Deconsolidation of DataBank (965) (965) — Release of AOCI of equity method investments — — (296) 200

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2023
Noncontrolling Interest [Abstract]
Schedule of Redeemable Noncontrolling Interest	The following table presents the activities in redeemable noncontrolling interests in the Company's investment management business through its redemption in May 2022 as discussed below, and in open-end funds in the liquid securities strategy consolidated by the Company. Nine Months Ended September 30, (In thousands) 2023 2022 Redeemable noncontrolling interests Balance at January 1 $ 100,574 $ 359,223 Contributions 300 11,650 Distributions paid and payable, including redemptions by limited partners in consolidated funds (78,330) (20,119) Net income (loss) 4,634 (31,989) Adjustment of Wafra's interest to redemption value and warrants held by Wafra to fair value — 725,026 Redemption of Wafra's interest — (862,276) Reclassification of warrants held by Wafra to liability in May 2022 (Note 7) — (81,400) Reclassification of Wafra's carried interest allocation to noncontrolling interests in investment entities in May 2022 — (4,087) Balance at September 30 $ 27,178 $ 96,028
Schedule of Deconsolidation of Assets, Liabilities and Noncontrolling Interests	The deconsolidation of DataBank resulted in the derecognition of the following assets, liabilities and noncontrolling interests in investment entities as of September 14, 2023: (In thousands) September 14, 2023 Assets Cash and cash equivalents $ 52,902 Restricted cash 49,546 Real estate 3,234,888 Goodwill 463,120 Deferred leasing costs and intangible assets 322,187 Other assets 461,223 Assets held for disposition 49,696 $ 4,633,562 Liabilities Debt $ 2,309,596 Intangible liabilities 6,696 Other liabilities 718,211 Liabilities related to assets held for disposition 12,165 $ 3,046,668 Noncontrolling interests in investment entities $ 1,427,435

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Realized and Unrealized Gains and Losses on Derivatives Not Designated as Hedges	Realized and unrealized gains and losses on derivative instruments are recorded in other gain (loss) on the consolidated statement of operations as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Foreign currency contracts: Realized gain transferred from AOCI to earnings $ — $ 8,367 $ — $ 8,367 Realized and unrealized gain in earnings on non-designated contracts (1) — (8,689) 4,053 (3,619) Interest rate contracts: Realized and unrealized gain in earnings on non-designated contracts — 10,258 — 11,284 __________ (1) Include amount related to foreign currency contract entered into on behalf of a sponsored fund, which had no net impact to the Company's earnings, (Note 16).
Schedule of Changes in Recurring Level 3 Fair Value	The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss). Fair Value Option Equity Investment of Consolidated Fund (In thousands) Loans Receivable Fair value at December 31, 2021 $ 82,930 $ — Originations and drawdowns 371,415 — Change in accrued interest and capitalization of paid-in-kind interest 4,491 — Paydowns (159,501) — Transfer of warehoused loans to sponsored fund (83,083) — Consolidation of sponsored fund — 10,536 Unrealized gain (loss) in earnings, net (41,863) 673 Fair value at September 30, 2022 $ 174,389 $ 11,209 Net unrealized gain (loss) in earnings on instruments held at September 30, 2022 $ (38,649) $ 673 Fair value at December 31, 2022 $ 137,945 $ 46,770 Contributions — 58,952 Change in consolidated fund's share of equity investment (1) — 1,842 Capitalization of paid-in-kind interest 544 — Paydown of loan receivable or underlying loan assets held by equity investment of consolidated fund (6,804) (2,344) Unrealized and realized gain (loss) in earnings, net (131,685) 1,812 Fair value at September 30, 2023 $ — $ 107,032 Net unrealized gain (loss) in earnings on instruments held at September 30, 2023 $ (133,307) $ 1,812 __________ (1) Represents reallocation of investment value when relative ownership of the pooling entity across its fund owners change following additional capital contributions.
Schedule of Changes in Recurring Level 3 Fair Values	The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss). Fair Value Option Equity Investment of Consolidated Fund (In thousands) Loans Receivable Fair value at December 31, 2021 $ 82,930 $ — Originations and drawdowns 371,415 — Change in accrued interest and capitalization of paid-in-kind interest 4,491 — Paydowns (159,501) — Transfer of warehoused loans to sponsored fund (83,083) — Consolidation of sponsored fund — 10,536 Unrealized gain (loss) in earnings, net (41,863) 673 Fair value at September 30, 2022 $ 174,389 $ 11,209 Net unrealized gain (loss) in earnings on instruments held at September 30, 2022 $ (38,649) $ 673 Fair value at December 31, 2022 $ 137,945 $ 46,770 Contributions — 58,952 Change in consolidated fund's share of equity investment (1) — 1,842 Capitalization of paid-in-kind interest 544 — Paydown of loan receivable or underlying loan assets held by equity investment of consolidated fund (6,804) (2,344) Unrealized and realized gain (loss) in earnings, net (131,685) 1,812 Fair value at September 30, 2023 $ — $ 107,032 Net unrealized gain (loss) in earnings on instruments held at September 30, 2023 $ (133,307) $ 1,812 __________ (1) Represents reallocation of investment value when relative ownership of the pooling entity across its fund owners change following additional capital contributions.
Schedule of Fair Value Information on Financial Instruments Reported at Cost	Fair value of financial instruments reported at amortized cost, excluding those held for disposition, are presented below. Fair Value Measurements Carrying Value (In thousands) Level 1 Level 2 Level 3 Total September 30, 2023 Liabilities Corporate debt Secured fund fee revenue notes $ — $ 250,547 $ — $ 250,547 $ 293,743 Exchangeable senior notes — 149,363 — 149,363 77,378 Non-recourse investment-level debt — 2,542,596 4,415 2,547,011 2,786,052 December 31, 2022 Liabilities Corporate debt Secured fund fee revenue notes $ — $ 250,547 $ — $ 250,547 $ 292,171 Convertible and exchangeable senior notes 304,513 — 304,513 276,741 Non-recourse investment-level debt — 3,268,508 944,984 4,213,492 4,587,228

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Balance Sheet, Supplemental Disclosures	The following table presents the assets and liabilities of the consolidated funds, which are presented within Corporate and Other in the supplemental schedule to the consolidated balance sheets. (In thousands) September 30, 2023 December 31, 2022 Assets Cash and cash equivalents $ 70,122 $ 86,433 Investments—marketable equity securities and equity interests in credit pooling entities (Note 11) 178,176 185,845 Other assets 3,219 1,895 $ 251,517 $ 274,173 Liabilities Debt $ 4,415 $ 465 Other liabilities Securities sold short 43,831 40,928 Due to custodian 9,547 35,457 Other 9,930 2,734 $ 67,723 $ 79,584

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following table provides the basic and diluted earnings per common share computations. Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2023 2022 2023 2022 Net income (loss) allocated to common stockholders Income (Loss) from continuing operations attributable to DigitalBridge Group, Inc. $ 278,842 $ 25,261 $ 89,710 $ (157,638) Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc. (2,369) (74,349) (19,697) (159,569) Net income (loss) attributable to DigitalBridge Group, Inc. 276,473 (49,088) 70,013 (317,207) Preferred stock repurchases/redemptions (Note 9) — 1,098 927 1,098 Preferred dividends (14,645) (15,283) (43,996) (46,801) Net income (loss) attributable to common stockholders 261,828 (63,273) 26,944 (362,910) Net income (loss) allocated to participating securities (4,801) (17) (457) (17) Net income (loss) allocated to common stockholders—basic 257,027 (63,290) 26,487 (362,927) Interest expense attributable to convertible and exchangeable notes (1) 1,264 — — — Net income (loss) allocated to common stockholders—diluted $ 258,291 $ (63,290) $ 26,487 $ (362,927) Weighted average common shares outstanding Weighted average number of common shares outstanding—basic 160,564 162,398 159,600 153,028 Weighted average effect of dilutive shares (1)(2)(3) 13,298 — 4,420 — Weighted average number of common shares outstanding—diluted 173,862 162,398 164,020 153,028 Income (loss) per share—basic Income (Loss) from continuing operations $ 1.61 $ 0.07 $ 0.29 $ (1.33) Income (Loss) from discontinued operations (0.01) (0.46) (0.12) (1.04) Net income (loss) attributable to common stockholders per common share—basic $ 1.60 $ (0.39) $ 0.17 $ (2.37) Income (loss) per share—diluted Income (Loss) from continuing operations $ 1.49 $ 0.07 $ 0.28 $ (1.33) Income (Loss) from discontinued operations (0.01) (0.46) (0.12) (1.04) Net income (loss) attributable to common stockholders per common share—diluted $ 1.48 $ (0.39) $ 0.16 $ (2.37) __________ (1) With respect to the assumed conversion or exchange of the Company's outstanding senior notes, the following are excluded from the calculation of diluted earnings per share as their inclusion would be antidilutive: (a) for the three months ended September 30, 2022 only, the effect of adding back interest expense of $4.0 million and 11,698,000 of weighted average dilutive common share equivalents; and (b) for the nine months ended September 30, 2023 and 2022, the effect of adding back $6.9 million and $12.7 million of interest expense, respectively, and 9,744,700 and 13,307,000 of weighted average dilutive common share equivalents, respectively. Also excluded from the calculation of diluted earnings per share was $133.2 million of debt extinguishment loss (Note 8) for the nine months ended September 30, 2022. (2) The calculation of diluted earnings per share excludes the effect of the following as their inclusion would be antidilutive: (a) class A common shares that are contingently issuable in relation to performance stock units (Note 15) with weighted average shares of 1,076,000 for the three months ended September 30, 2022; and, 1,727,000 for the nine months ended September 30, 2022; and (b) class A common shares that are issuable to net settle the exercise of warrants (Note 10) with weighted average shares of 957,600 and 1,393,000 for the three months ended September 30, 2023 and 2022, respectively, and 569,600 and 2,174,000 for the nine months ended September 30, 2023 and 2022, respectively. (3) OP Units may be redeemed for registered or unregistered class A common stock on a one-for-one basis and are not dilutive. At September 30, 2023 and 2022, 12,375,800 and 12,628,900 of OP Units, respectively, were not included in the computation of diluted earnings per share in the respective periods presented.

Fee Income (Tables)

Fee Income (Tables)	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Asset Management and Other Fees	The following table presents the Company's fee income by type. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Management fees $ 65,236 $ 40,697 $ 187,138 $ 126,447 Incentive fees — — 1,040 — Other fees 4 566 1,930 1,971 Total fee income $ 65,240 $ 41,263 $ 190,108 $ 128,418

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Components of Share-Based Compensation	Fair value of PSUs, including dividend equivalent rights, was determined using a Monte Carlo simulation under a risk-neutral premise, with the following assumptions: 2023 PSU Grants 2022 PSU Grants 2021 PSU Grants Expected volatility of the Company's class A common stock (1) 41.3% 32.4% 35.4% Expected annual dividend yield (2) 0.3% —% —% Risk-free rate (per annum) (3) 3.8% 2.0% 0.3% __________ (1) Based upon the historical volatility of the Company's stock and those of a specified peer group. (2) Based upon the Company's expected annualized dividends. Expected dividend yield was zero for the March 2022 and 2021 PSU awards as common dividends were suspended beginning the second quarter of 2020 and reinstated in the third quarter 2022. (3) Based upon the continuously compounded zero-coupon U.S. Treasury yield for the term coinciding with the measurement period of the award as of valuation date. The following assumptions were applied in the Monte Carlo model under a risk-neutral premise: 2022 LTIP Grant 2019 LTIP Grant (1) Expected volatility of the Company's class A common stock (2) 34.0% 28.3% Expected dividend yield (3) 0.0% 8.1% Risk-free rate (per annum) (4) 3.6% 1.8% __________ (1) Represents 2.5 million LTIP units granted to the Company's Chief Executive Officer, Marc Ganzi, in connection with the Company's acquisition of Digital Bridge Holdings, LLC in July 2019, with vesting based upon the Company's class A common stock price closing at or above $40 over any 90 consecutive trading days prior to the fifth anniversary of the grant date. (2) Based upon historical volatility of the Company's stock and those of a specified peer group. (3) Based upon the Company's most recently issued dividend prior to grant date and closing price of the Company's class A common stock on grant date. Expected dividend yield was zero for the June 2022 award as common dividends were suspended beginning the second quarter of 2020 and reinstated in the third quarter of 2022. (4) Based upon the continuously compounded zero-coupon US Treasury yield for the term coinciding with the measurement period of the award as of valuation date. Equity-based compensation cost pursuant to DBRG's Equity Incentive Plan is presented on the consolidated statement of operations, as follows. Separately, additional compensation expense was also recorded in 2022 in connection with the DataBank recapitalization transaction, as described in Note 10. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Compensation expense (including $0, $16, $0 and $229 expense related to dividend equivalent rights) $ 14,340 $ 7,824 $ 45,801 $ 24,971 Administrative expense — — 228 122 $ 14,340 $ 7,824 $ 46,029 $ 25,093
Schedule of Nonvested Shares Under Director Stock Plan and Equity Incentive Plan	Changes in unvested equity awards pursuant to DBRG's Equity Incentive Plan are summarized below. Weighted Average Grant Date Fair Value Restricted Stock LTIP Units (1) DSUs RSUs (2) PSUs (3) Total PSUs All Other Awards Unvested shares and units at December 31, 2022 1,706,674 2,625,000 20,058 2,397,391 1,889,587 8,638,710 $ 17.84 $ 10.84 Granted 2,417,211 — 70,748 — 413,172 2,901,131 11.63 12.14 Vested (1,145,622) — (26,747) (1,798,044) (603,525) (3,573,938) 26.92 13.82 Forfeited (21,675) — — — (424,065) (445,740) 26.92 13.79 Unvested shares and units at September 30, 2023 2,956,588 2,625,000 64,059 599,347 1,275,169 7,520,163 8.51 9.93 __________ (1) Represents the number of LTIP units granted subject to vesting upon achievement of market condition. LTIP units that do not meet the market condition within the measurement period will be forfeited. (2) Represents the number of RSUs granted subject to vesting upon achievement of performance condition. RSUs that do not meet the performance condition at the end of the measurement period will be forfeited. (3) Number of PSUs granted does not reflect potential increases or decreases that could result from the final outcome of the total shareholder return measured at the end of the performance period. PSUs for which the total shareholder return was not met at the end of the performance period are forfeited.

Transactions with Affiliates (T

Transactions with Affiliates (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Disclosures	Amounts due from and due to affiliates consist of the following: (In thousands) September 30, 2023 December 31, 2022 Due from Affiliates Investment vehicles, portfolio companies and other equity investments Fee income $ 58,376 $ 35,010 Cost reimbursements and recoverable expenses 10,707 7,031 Other 612 — Employees and other affiliates — 3,319 $ 69,695 $ 45,360 Due to Affiliates (Note 7) Investment vehicles—Derivative obligation $ — $ 11,793 Investment vehicles—InfraBridge (Note 3) 11,123 — Employees and other affiliates 1,932 658 $ 13,055 $ 12,451

Supplemental Disclosure of Ca_2

Supplemental Disclosure of Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Nine Months Ended September 30, (In thousands) 2023 2022 Supplemental Disclosure of Cash Flow Information Cash paid for interest, net of amounts capitalized of $5,433 and $1,674 $ 155,304 $ 163,646 Cash received (paid) for income taxes 969 5,782 Operating lease payments 46,615 50,584 Finance lease payments 11,918 11,750 Supplemental Disclosure of Cash Flows from Discontinued Operations Net cash provided by (used in) operating activities of discontinued operations $ (4,930) $ (16,038) Net cash provided by (used in) investing activities of discontinued operations 259,446 (12,915) Net cash provided by (used in) financing activities of discontinued operations (28,956) (12,503) Supplemental Disclosure of Noncash Investing and Financing Activities Dividends and distributions payable $ 16,418 $ 16,527 Payables for improvements in operating real estate and acquired lease intangibles 33,456 108,468 Receivables from asset sales 2,091 12,373 Operating lease ROU assets and lease liabilities established 29,050 16,840 Finance lease ROU assets and lease liabilities established 21,475 — Contingent consideration for acquisition of InfraBridge 10,874 — ROU asset and lease liability derecognized upon purchase of leased real estate (Note 3) 3,120 — Redemption of redeemable noncontrolling interest for common stock — 348,759 Seller note received in sale of NRF Holdco equity (Note 2) — 154,992 Loan receivable relieved in exchange for equity investment acquired — 20,676 Redemption of OP Units for common stock 984 341 Assets disposed or deconsolidated in sale of equity of investment entities (1) 4,633,562 3,420,783 Liabilities disposed or deconsolidated in sale of equity of investment entities (1) 3,046,668 3,144,700 Noncontrolling interests of investment entities sold and deconsolidated (1) 1,427,435 204,730 Exchange of notes for class A common shares — 60,317 __________ (1) Represents deconsolidation of DataBank in September 2023 and sale of Wellness Infrastructure business in February 2022 (Notes 10 and 2).

Business and Organization (Deta

Business and Organization (Details) - DigitalBridge Operating Company	9 Months Ended
	Sep. 30, 2023
Certain Employees
Business Acquisition [Line Items]
Senior management ownership (as a percent)	7%
Parent
Business Acquisition [Line Items]
General partner ownership (as a percent)	93%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands, shares in Millions	1 Months Ended		5 Months Ended	9 Months Ended		12 Months Ended
	Mar. 31, 2023 USD ($) shares	Feb. 28, 2022 USD ($)	May 31, 2022	Sep. 30, 2023 USD ($) segment portfolioCompany	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Sep. 14, 2023
Summary of Significant Accounting Policies [Line Items]
Number of companies in which the company has equity interest | portfolioCompany				2
OP units to common stock, conversion ratio				1
Number of reportable segments | segment				2
Proceeds from sale of equity investments				$ 636,687	$ 483,833
Assets held for disposition				$ 4,000		$ 275,500
Discontinued Operations, Disposed of by Sale | Level 3
Summary of Significant Accounting Policies [Line Items]
Equity method investments						$ 44,500
NRF
Summary of Significant Accounting Policies [Line Items]
Interest sold (as a percent)		100%
NRF | Discontinued Operations, Disposed of by Sale
Summary of Significant Accounting Policies [Line Items]
Months of operations included						2 months
Transaction price		$ 281,000
Proceeds from divestiture of business		126,000
Loan receivable relieved in exchange for equity investment acquired		$ 155,000
Write off of deferred debt issuance cost						$ 92,100
Investment Management | Investor
Summary of Significant Accounting Policies [Line Items]
Revenue, percentage of earnings (as a percent)			31.50%
Vantage SDC Expansion Capacity | Operating
Summary of Significant Accounting Policies [Line Items]
Ownership (as a percent)				13%		13%
DataBank
Summary of Significant Accounting Policies [Line Items]
Ownership (as a percent)				9.87%			11%
DataBank | Operating
Summary of Significant Accounting Policies [Line Items]
Ownership (as a percent)				9.87%		11%	11%
BRSP
Summary of Significant Accounting Policies [Line Items]
Equity method investment, shares sold (in shares) | shares	35
Proceeds from sale of equity investments	$ 201,600
Adjustments for any impairment or observable price changes				$ 9,700
BRSP | Held for Disposition
Summary of Significant Accounting Policies [Line Items]
Equity method investments						$ 218,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Continuing operations	$ 278,842	$ 25,261	$ 89,710	$ (157,638)
Loss from discontinued operations attributable to DigitalBridge Group, Inc.	(2,369)	(74,349)	(19,697)	(159,569)
Net income (loss) attributable to DigitalBridge Group, Inc.	276,473	(49,088)	70,013	(317,207)
Operating Segments | Investment Management
Segment Reporting Information [Line Items]
Continuing operations	52,391	24,233	50,502	37,900
Net income (loss) attributable to DigitalBridge Group, Inc.	52,391	24,233	50,502	37,900
Operating Segments | Operating
Segment Reporting Information [Line Items]
Continuing operations	(10,191)	(15,881)	(31,489)	(43,512)
Net income (loss) attributable to DigitalBridge Group, Inc.	(10,191)	(15,881)	(31,489)	(43,512)
Corporate and Other
Segment Reporting Information [Line Items]
Continuing operations	236,642	16,909	70,697	(152,026)
Net income (loss) attributable to DigitalBridge Group, Inc.	$ 236,642	$ 16,909	$ 70,697	$ (152,026)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from discontinued operations	$ (2,603)	$ (90,302)	$ (20,799)	$ (188,735)
Held for Disposition
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	1,770	6,375	5,608	88,658
Expenses	(4,325)	(7,601)	(12,684)	(245,236)
Other gain (loss)	(84)	(80,544)	(13,770)	(29,733)
Income tax benefit (expense)	36	(8,532)	47	(2,424)
Income (Loss) from discontinued operations	(2,603)	(90,302)	(20,799)	(188,735)
Income (Loss) from discontinued operations attributable to noncontrolling interests:	(2,369)	(74,349)	(19,697)	(159,569)
Held for Disposition | Investment entities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from discontinued operations attributable to noncontrolling interests:	(55)	(10,227)	437	(16,016)
Held for Disposition | Operating Company
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from discontinued operations attributable to noncontrolling interests:	$ (179)	$ (5,726)	$ (1,539)	$ (13,150)

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) € in Millions, $ in Millions	1 Months Ended									9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($)	May 31, 2023 USD ($)	Feb. 28, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 EUR (€)	May 31, 2022 USD ($)	Mar. 31, 2022 USD ($) dataCenter	Feb. 28, 2022 USD ($)	Jan. 31, 2022 USD ($)	Sep. 30, 2023 USD ($) tenantLease	Dec. 31, 2022 USD ($) tenantLease
Leased Building
Business Acquisition [Line Items]
Discount rate for projected net cash flow (as a percent)										7.25%
Terminal capitalization rate (as a percent)										6.50%
Customer Relationships and Service Contracts
Business Acquisition [Line Items]
Discount rate for projected net cash flow (as a percent)										6.80%
Affiliated Entity
Business Acquisition [Line Items]
Number of tenant leases | tenantLease										1	15
DataBank Data Centers
Business Acquisition [Line Items]
Purchase price		$ 8.2					$ 88.7	$ 17.6	$ 32
Number of data centers acquired | dataCenter							4
DataBank Data Centers | DataBank
Business Acquisition [Line Items]
Purchase price		151				$ 10.9	$ 678
Debt assumed		121					262.5
Equity consideration transferred		$ 40.8					$ 415.5
Vantage SDC Expansion Capacity
Business Acquisition [Line Items]
Asset acquisition, contingent consideration										$ 163
Vantage SDC Expansion Capacity | Affiliated Entity
Business Acquisition [Line Items]
Purchase price										$ 31.6	$ 161.3
Vantage SDC Expansion Capacity | Forecast
Business Acquisition [Line Items]
Asset acquisition, contingent consideration	$ 122
TowerCo
Business Acquisition [Line Items]
Purchase price				$ 791.3	€ 740.1
Debt assumed				326.1
Equity consideration transferred				278.1
TowerCo | Investor
Business Acquisition [Line Items]
Equity consideration transferred				$ 213.8
Investment Management Contracts
Business Acquisition [Line Items]
Discount rate for projected net cash flow (as a percent)										8%
Investor Relationships
Business Acquisition [Line Items]
Useful life (in years)										12 years
Discount rate for projected net cash flow (as a percent)										14%
Minimum | Building
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										35 years
Minimum | Site Improvements
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										1 year
Minimum | Tenant Improvements
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										1 year
Minimum | Towers And Equipment
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										11 years
Minimum | Data Center Infrastructure
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										11 years
Minimum | Customer Contracts
Business Acquisition [Line Items]
Useful life (in years)										1 year
Minimum | Customer Relationships and Service Contracts
Business Acquisition [Line Items]
Useful life (in years)										19 years
Minimum | Investment Management Contracts
Business Acquisition [Line Items]
Useful life (in years)										1 year
Minimum | In-Place Lease
Business Acquisition [Line Items]
Useful life (in years)										1 year
Discount rate for projected net cash flow (as a percent)										4.75%
Minimum | Above and Below Market Lease
Business Acquisition [Line Items]
Useful life (in years)										1 year
Discount rate for projected net cash flow (as a percent)										6%
Minimum | Customer Relationships and Service Contracts
Business Acquisition [Line Items]
Useful life (in years)										5 years
Discount rate for projected net cash flow (as a percent)										4.75%
Maximum | Building
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										55 years
Maximum | Site Improvements
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										15 years
Maximum | Tenant Improvements
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										4 years
Maximum | Towers And Equipment
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										71 years
Maximum | Data Center Infrastructure
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life (in years)										30 years
Maximum | Customer Contracts
Business Acquisition [Line Items]
Useful life (in years)										6 years
Maximum | Customer Relationships and Service Contracts
Business Acquisition [Line Items]
Useful life (in years)										45 years
Maximum | Investment Management Contracts
Business Acquisition [Line Items]
Useful life (in years)										4 years
Maximum | In-Place Lease
Business Acquisition [Line Items]
Useful life (in years)										15 years
Discount rate for projected net cash flow (as a percent)										7.25%
Maximum | Above and Below Market Lease
Business Acquisition [Line Items]
Useful life (in years)										4 years
Discount rate for projected net cash flow (as a percent)										11.25%
Maximum | Customer Relationships and Service Contracts
Business Acquisition [Line Items]
Useful life (in years)										15 years
Discount rate for projected net cash flow (as a percent)										11.25%
AMP Capital Investors International Holdings Limited
Business Acquisition [Line Items]
Acquisition price			$ 314.3

Acquisitions - Schedule of Allo

Acquisitions - Schedule of Allocation of Consideration Transferred (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022	Mar. 30, 2023	Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 466,092	$ 466,092	$ 761,368		$ 761,368	$ 761,368
InfraBridge
Business Acquisition [Line Items]
Cash	365,440	365,440		$ 364,338
Estimated fair value of contingent consideration	10,874	10,874		10,874
Total consideration	376,314	376,314		375,212
Cash	51,174	51,174		51,174
Principal investments	112,310	112,310		130,810
Intangible assets	50,800	50,800		50,800
Other assets	36,199	36,199		27,682
Deferred tax liabilities	(10,198)	(10,198)		(10,198)
Other liabilities	(31,815)	(31,815)		(21,625)
Fair value of net assets acquired	208,470	208,470		228,643
Goodwill	167,844	167,844		146,569
Business combination, recognized identifiable assets acquired, goodwill, and liabilities assumed, net	376,314	376,314		$ 375,212
Measurement Period Adjustments, Cash consideration	1,102
Measurement Period Adjustments, Estimated fair value of contingent consideration	0
Measurement Period Adjustments, Total
Measurement Period Adjustments, Cash	0
Measurement Period Adjustments, Principal investments	(18,500)
Measurement Period Adjustments, Intangible assets	0
Measurement Period Adjustments, Other assets	8,517
Measurement Period Adjustments, Deferred tax liabilities	0
Measurement Period Adjustments, Other liabilities	(10,190)
Measurement Period Adjustments, Fair value of net assets acquired
Measurement Period Adjustments, Goodwill	$ 21,275
Acquisition by DataBank (prior to deconsolidation)
Asset Acquisition [Line Items]
Real estate		153,944	627,474
Intangible assets		1,993	77,885
ROU and other assets		0	3,994
Deferred tax liabilities		0	0
Intangible, lease and other liabilities		(1,334)	(2,839)
Asset acquisition, assets acquired and liabilities assumed, net		154,603	706,514
TowerCo
Asset Acquisition [Line Items]
Real estate			363,121
Intangible assets			673,218
ROU and other assets			234,462
Deferred tax liabilities			(243,223)
Intangible, lease and other liabilities			(236,324)
Asset acquisition, assets acquired and liabilities assumed, net			791,254
Vantage SDC Expansion Capacity
Asset Acquisition [Line Items]
Real estate		26,578	140,140
Intangible assets		5,070	21,162
ROU and other assets		0	0
Deferred tax liabilities		0	0
Intangible, lease and other liabilities		0	0
Asset acquisition, assets acquired and liabilities assumed, net		$ 31,648	$ 161,302

Investments - Schedule of Inves

Investments - Schedule of Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Investments—marketable equity securities and equity interests in credit pooling entities (Note 11)	$ 1,879,981	$ 1,242,001
Principal investments
Schedule of Equity Method Investments [Line Items]
Equity method investments	1,050,000	410,500
Other equity investment
Schedule of Equity Method Investments [Line Items]
Equity method investments	94,200	115,000
Operating Segments | Investment Management
Schedule of Equity Method Investments [Line Items]
Equity method investments	568,892	395,327
Investments—marketable equity securities and equity interests in credit pooling entities (Note 11)	568,892	395,327
Operating Segments | Operating
Schedule of Equity Method Investments [Line Items]
Debt securities	0	4,638
Investments—marketable equity securities and equity interests in credit pooling entities (Note 11)	0	4,638
Operating Segments | Principal investments | Investment Management
Schedule of Equity Method Investments [Line Items]
Equity method investments	59,668	51,665
Operating Segments | Carried interest allocation | Investment Management
Schedule of Equity Method Investments [Line Items]
Equity method investments	506,736	341,749
Operating Segments | Funds and Retail Companies | Investment Management
Schedule of Equity Method Investments [Line Items]
Equity method investments	566,404	393,414
Operating Segments | Other equity investment | Investment Management
Schedule of Equity Method Investments [Line Items]
Equity method investments	2,488	1,913
Corporate and Other
Schedule of Equity Method Investments [Line Items]
Investments—marketable equity securities and equity interests in credit pooling entities (Note 11)	1,311,089	842,036
Corporate and Other | CLO Subordinated Notes
Schedule of Equity Method Investments [Line Items]
Debt securities	50,927	50,927
Corporate and Other | Loans Receivable
Schedule of Equity Method Investments [Line Items]
Debt securities	0	133,307
Corporate and Other | Principal investments
Schedule of Equity Method Investments [Line Items]
Equity method investments	990,289	358,846
Corporate and Other | Other equity investment
Schedule of Equity Method Investments [Line Items]
Equity method investments	91,697	113,111
Corporate and Other | Equity investments of consolidated funds
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 178,176	$ 185,845

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Carried interest allocation	$ 168,891	$ 121,698	$ 193,389	$ 201,398
Distributed carried interest	27,900	123,500	28,400	123,500
Accrued carried interest		51,200		51,200
Distributed carried interest subject to clawback	180,900		180,900
Bank syndicated loans		232,700		232,700
Secured Debt
Schedule of Equity Method Investments [Line Items]
Warehoused loans		172,500		172,500
Current And Former Employees
Schedule of Equity Method Investments [Line Items]
Distributed carried interest		103,200	800	103,200
Accrued carried interest		$ 45,900		$ 45,900
Distributed carried interest subject to clawback	116,500		116,500
Principal investments
Schedule of Equity Method Investments [Line Items]
Equity method investments	1,050,000		1,050,000		$ 410,500
Other equity investment
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 94,200		$ 94,200		$ 115,000

Investments - Schedule of Debt

Investments - Schedule of Debt Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Amortized Cost without Allowance for Credit Loss	$ 50,927	$ 50,927
Allowance for Credit Loss	0	0
Gross cumulative unrealized gains	0	0
Gross cumulative unrealized losses	0	0
Fair Value	$ 50,927	$ 50,927

Real Estate - Schedule of Compo

Real Estate - Schedule of Components of Real Estate (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Real Estate [Abstract]
Land	$ 117,409	$ 257,588
Buildings and improvements	923,308	1,573,605
Data center infrastructure	2,450,515	4,427,150
Construction in progress	25,155	395,393
Real estate held for investment, gross	3,516,387	6,653,736
Less: Accumulated depreciation	(465,810)	(732,438)
Real estate assets, net	$ 3,050,577	$ 5,921,298

Real Estate - Narrative (Detail

Real Estate - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue Benchmark | Customer Concentration Risk | Parent
Real Estate [Line Items]
Tenant concentration (as a percent)			5%	5%
Tenant | Revenue Benchmark | Customer Concentration Risk
Real Estate [Line Items]
Tenant concentration (as a percent)			14%	14%
Property operating income | Held for Investment
Real Estate [Line Items]
Depreciation	$ 86.2	$ 91.3	$ 272.9	$ 257.7

Real Estate - Schedule of Com_2

Real Estate - Schedule of Components of Property Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fixed lease income
Revenue from External Customer [Line Items]
Income	$ 158,905	$ 195,701	$ 514,862	$ 537,213
Variable lease income
Revenue from External Customer [Line Items]
Income	37,434	29,453	105,123	86,668
Lease income:
Revenue from External Customer [Line Items]
Income	196,339	225,154	619,985	623,881
Data center service revenue
Revenue from External Customer [Line Items]
Income	16,995	18,925	56,993	56,903
Other property operating income
Revenue from External Customer [Line Items]
Income	724	257	2,760	314
Property operating income
Revenue from External Customer [Line Items]
Income	$ 214,058	$ 244,336	$ 679,738	$ 681,098

Goodwill, Deferred Leasing Co_3

Goodwill, Deferred Leasing Costs and Other Intangibles - Schedule of Goodwill By Reportable Segment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Goodwill [Roll Forward]
Beginning balance	$ 761,368	$ 761,368
Business combination (Note 3)	167,844	0
Deconsolidation (Note 10)	(463,120)	0
Ending balance	466,092	761,368
Goodwill deductible for tax purposes	114,400		$ 122,400
Investment Management
Goodwill [Roll Forward]
Beginning balance	298,248	298,248
Business combination (Note 3)	167,844	0
Deconsolidation (Note 10)	0	0
Ending balance	466,092	298,248
Operating
Goodwill [Roll Forward]
Beginning balance	463,120	463,120
Business combination (Note 3)	0	0
Deconsolidation (Note 10)	(463,120)	0
Ending balance	$ 0	$ 463,120

Goodwill, Deferred Leasing Co_4

Goodwill, Deferred Leasing Costs and Other Intangibles - Schedule of Deferred Leasing Costs, Other Intangible Assets and Intangible Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deferred Leasing Costs and Intangible Assets
Carrying Amount	$ 1,026,017	$ 1,655,038
Accumulated Amortization	(328,263)	(562,871)
Net Carrying Amount	697,754	1,092,167
Intangible Liabilities
Carrying Amount	26,716	46,636
Accumulated Amortization	(5,883)	(16,812)
Net Carrying Amount	20,833	29,824
Investment management intangibles
Deferred Leasing Costs and Intangible Assets
Carrying Amount	202,215	164,189
Accumulated Amortization	(94,953)	(82,432)
Net Carrying Amount	107,262	81,757
Deferred leasing costs and lease-related intangible assets
Deferred Leasing Costs and Intangible Assets
Carrying Amount	817,983	1,239,477
Accumulated Amortization	(230,996)	(397,975)
Net Carrying Amount	586,987	841,502
Customer relationships and service contracts
Deferred Leasing Costs and Intangible Assets
Carrying Amount	0	218,154
Accumulated Amortization	0	(62,788)
Net Carrying Amount	0	155,366
Trade name
Deferred Leasing Costs and Intangible Assets
Carrying Amount	4,300	26,400
Accumulated Amortization	(1,799)	(15,656)
Net Carrying Amount	2,501	10,744
Other
Deferred Leasing Costs and Intangible Assets
Carrying Amount	1,519	6,818
Accumulated Amortization	(515)	(4,020)
Net Carrying Amount	$ 1,004	$ 2,798

Goodwill, Deferred Leasing Co_5

Goodwill, Deferred Leasing Costs and Other Intangibles - Schedule of Amortization of Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Net increase (decrease) to rental income	$ 383	$ (3)	$ 457	$ 172
Amortization expense	38,503	49,229	134,298	157,396
Investment management intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization expense	8,685	5,066	25,496	15,176
Deferred leasing costs and lease-related intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization expense	25,120	34,834	92,488	118,941
Customer relationships and service contracts
Finite-Lived Intangible Assets [Line Items]
Amortization expense	3,392	7,754	11,853	18,554
Trade name
Finite-Lived Intangible Assets [Line Items]
Amortization expense	911	1,098	3,107	3,294
Other
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 395	$ 477	$ 1,354	$ 1,431

Goodwill, Deferred Leasing Co_6

Goodwill, Deferred Leasing Costs and Other Intangibles - Schedule of Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Net increase (decrease) to rental income
Remaining 2023	$ (447)
2024	(1,759)
2025	(1,875)
2026	(1,301)
2027	(1,049)
2028 and thereafter	1,043
Total	(5,388)
Amortization expense
Remaining 2023	25,155
2024	90,489
2025	83,319
2026	73,978
2027	64,047
2028 and thereafter	334,545
Total	$ 671,533

Restricted Cash, Other Assets_3

Restricted Cash, Other Assets and Other Liabilities - Schedule of Other Assets (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Schedule of Other Assets [Line Items]
Straight-line rents	$ 52,470,000	$ 42,721,000
Investment deposits and pending deal costs	310,000	1,377,000
Derivative assets	0	11,793,000
Prepaid taxes and deferred tax assets, net	11,197,000	8,709,000
Receivables from resolution of investment	350,000	14,923,000
Finance lease right-of-use asset—investment properties	0	120,261,000
Accounts receivable, net	30,438,000	66,059,000
Prepaid expenses	16,361,000	28,760,000
Other assets	11,374,000	15,798,000
Fixed assets, net	8,091,000	14,200,000
Total other assets	$ 165,340,000	$ 654,050,000
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total other assets	Total other assets
Accumulated depreciation	$ 8,400,000	$ 17,900,000
Corporate Offices
Schedule of Other Assets [Line Items]
Operating lease right-of-use asset	$ 34,749,000	$ 23,689,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total other assets	Total other assets
Investment Properties
Schedule of Other Assets [Line Items]
Operating lease right-of-use asset	$ 0	$ 305,760,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total other assets	Total other assets

Restricted Cash, Other Assets_4

Restricted Cash, Other Assets and Other Liabilities - Schedule of Accrued and Other Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred investment management fees	$ 8,918		$ 8,918		$ 6,264
Other deferred income	36,174		36,174		55,188
Common and preferred stock dividends payable	16,418	$ 16,527	16,418	$ 16,527	16,491
Securities sold short—consolidated funds	43,832		43,832		40,928
Due to custodians—consolidated funds	9,548		9,548		35,458
Current and deferred income tax liability	7,304		7,304		98
Warrants issued to Wafra (Note 10)	41,400		41,400		17,700
Finance lease liability—investment properties	0		0		135,624
Accrued compensation	48,756		48,756		52,031
Accrued incentive fee and carried interest compensation	242,402		242,402		171,086
Accrued real estate and other taxes	6,569		6,569		21,580
Payable for Vantage SDC expansion capacity	38,538		38,538		56,889
Accounts payable and accrued expenses	45,118		45,118		185,900
Other liabilities	$ 668,572		$ 668,572		$ 1,272,096
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities		Other liabilities		Other liabilities
Deferred investment management fees recognized	$ 1,500	$ 600	$ 2,800	$ 3,100
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Fee income, weighted-average recognition period (in years)					2 years 10 months 24 days
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Fee income, weighted-average recognition period (in years)	2 years 9 months 18 days		2 years 9 months 18 days
Related Party
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Other liabilities	$ 13,055		$ 13,055		$ 12,451
Nonrelated Party
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Other liabilities	9,782		9,782		6,423
Corporate Offices
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Operating lease liability	$ 49,954		$ 49,954		$ 40,497
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities		Other liabilities		Other liabilities
Investment Properties
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Operating lease liability	$ 0		$ 0		$ 282,433
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities		Other liabilities		Other liabilities
InfraBridge
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contingent consideration payable	$ 11,203		$ 11,203		$ 0
Wafra, Inc.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contingent consideration payable	35,000		35,000		125,000
Corporate Debt
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Interest payable	1,181		1,181		4,431
Investment Level Debt
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Interest payable	$ 3,420		$ 3,420		$ 5,624

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Carrying Value
Debt Instrument [Line Items]
Long-term debt	$ 371,121	$ 568,912
Carrying Value | Secured Debt
Debt Instrument [Line Items]
Principal	378,422	578,422
Premium (discount), net	(933)	(1,293)
Deferred financing costs	(6,368)	(8,217)
Long-term debt	371,121	568,912
Carrying Value | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Principal	78,422	278,422
Premium (discount), net	(933)	(1,293)
Deferred financing costs	(111)	(388)
Long-term debt	77,378	276,741
Series 2021-1 Notes | Carrying Value | Secured Debt
Debt Instrument [Line Items]
Principal	300,000	300,000
Premium (discount), net	0	0
Deferred financing costs	(6,257)	(7,829)
Long-term debt	293,743	292,171
Nonrecourse
Debt Instrument [Line Items]
Principal	2,806,408	4,634,235
Nonrecourse | Secured Debt | Operating
Debt Instrument [Line Items]
Principal	2,801,748	4,633,735
Nonrecourse | Carrying Value
Debt Instrument [Line Items]
Long-term debt	2,786,052	4,587,228
Nonrecourse | Carrying Value | Secured Debt
Debt Instrument [Line Items]
Principal	2,806,408	4,634,235
Premium (discount), net	5,119	10,713
Deferred financing costs	(25,475)	(57,720)
Operating Segments | Carrying Value | Investment Management
Debt Instrument [Line Items]
Long-term debt	199,745	198,677
Operating Segments | Carrying Value | Operating
Debt Instrument [Line Items]
Long-term debt	70,499	70,120
Operating Segments | Carrying Value | Convertible and Exchangeable Senior Notes | Investment Management
Debt Instrument [Line Items]
Long-term debt	0	0
Operating Segments | Carrying Value | Convertible and Exchangeable Senior Notes | Operating
Debt Instrument [Line Items]
Long-term debt	0	0
Operating Segments | Series 2021-1 Notes | Carrying Value | Secured Debt | Investment Management
Debt Instrument [Line Items]
Long-term debt	199,745	198,677
Operating Segments | Series 2021-1 Notes | Carrying Value | Secured Debt | Operating
Debt Instrument [Line Items]
Long-term debt	70,499	70,120
Corporate and Other | Carrying Value
Debt Instrument [Line Items]
Long-term debt	100,877	300,115
Corporate and Other | Carrying Value | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Long-term debt	77,378	276,741
Corporate and Other | Series 2021-1 Notes | Carrying Value | Secured Debt
Debt Instrument [Line Items]
Long-term debt	$ 23,499	$ 23,374

Debt - Schedule of Components o

Debt - Schedule of Components of Debt (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 378,422	$ 578,422
Recourse Debt | Secured Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 300,000	$ 300,000
Weighted Average Interest Rate (Per Annum)	3.93%	3.93%
Weighted Average Years Remaining to Maturity	3 years	3 years 8 months 12 days
Recourse Debt | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Outstanding Principal	$ 78,422	$ 278,422
Weighted Average Interest Rate (Per Annum)	5.75%	5.21%
Weighted Average Years Remaining to Maturity	1 year 9 months 18 days	10 months 24 days
Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	$ 2,806,408	$ 4,634,235
Non-recourse | Secured Debt | Operating
Debt Instrument [Line Items]
Outstanding Principal	$ 2,801,748	$ 4,633,735
Weighted Average Interest Rate (Per Annum)	2.84%	3.71%
Weighted Average Years Remaining to Maturity	2 years 8 months 12 days	3 years
Non-recourse | Secured Debt | Corporate and Other—Consolidated fund
Debt Instrument [Line Items]
Outstanding Principal	$ 4,660	$ 500
Weighted Average Interest Rate (Per Annum)	6.92%	5.96%
Weighted Average Years Remaining to Maturity	10 months 24 days	1 year 7 months 6 days
Fixed Rate | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 378,422	$ 578,422
Fixed Rate | Recourse Debt | Secured Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 300,000	$ 300,000
Weighted Average Interest Rate (Per Annum)	3.93%	3.93%
Weighted Average Years Remaining to Maturity	3 years	3 years 8 months 12 days
Fixed Rate | Recourse Debt | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Outstanding Principal	$ 78,422	$ 278,422
Weighted Average Interest Rate (Per Annum)	5.75%	5.21%
Weighted Average Years Remaining to Maturity	1 year 9 months 18 days	10 months 24 days
Fixed Rate | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	$ 2,801,748	$ 3,640,235
Fixed Rate | Non-recourse | Secured Debt | Operating
Debt Instrument [Line Items]
Outstanding Principal	$ 2,801,748	$ 3,640,235
Weighted Average Interest Rate (Per Annum)	2.84%	2.43%
Weighted Average Years Remaining to Maturity	2 years 8 months 12 days	3 years 1 month 6 days
Fixed Rate | Non-recourse | Secured Debt | Corporate and Other—Consolidated fund
Debt Instrument [Line Items]
Outstanding Principal	$ 0	$ 0
Variable Rate | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	0	0
Variable Rate | Recourse Debt | Secured Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 0	$ 0
Weighted Average Years Remaining to Maturity	3 years	3 years 8 months 12 days
Variable Rate | Recourse Debt | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Outstanding Principal	$ 0	$ 0
Variable Rate | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	4,660	994,000
Variable Rate | Non-recourse | Secured Debt | Operating
Debt Instrument [Line Items]
Outstanding Principal	0	$ 993,500
Weighted Average Interest Rate (Per Annum)		8.41%
Weighted Average Years Remaining to Maturity		2 years 7 months 6 days
Variable Rate | Non-recourse | Secured Debt | Corporate and Other—Consolidated fund
Debt Instrument [Line Items]
Outstanding Principal	$ 4,660	$ 500
Weighted Average Interest Rate (Per Annum)	6.92%	5.96%
Weighted Average Years Remaining to Maturity	10 months 24 days	1 year 7 months 6 days

Debt - Schedule of Securitized

Debt - Schedule of Securitized Financing Facility Facility (Details)	1 Months Ended
	Apr. 30, 2022 USD ($)	Jul. 31, 2021 USD ($) extension	Sep. 30, 2023 USD ($)
Series 2021-1 Class A-2 Notes | Secured Debt
Line of Credit Facility [Line Items]
Secured debt		$ 300,000,000
Interest rate (as a percent)		3.933%
Principal prepayment (as a percent)		1%
VFN Notes | Secured Debt
Line of Credit Facility [Line Items]
Percentage of unused amount (as a percent)		0.50%
Number of extensions | extension		2
Extension term (in years)		1 year
VFN Notes | Secured Debt | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)		3%
VFN Notes | Line of Credit
Line of Credit Facility [Line Items]
Maximum principal amount of credit facility		$ 300,000,000	$ 300,000,000
Increase in line of credit facility	$ 100,000,000

Debt - Schedule of Convertible

Debt - Schedule of Convertible and Exchangeable Senior Notes (Details)	1 Months Ended	9 Months Ended
	Mar. 31, 2022 USD ($) shares	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Convertible and exchangeable senior notes, outstanding principal		$ 78,422,000		$ 278,422,000
Exchange of notes into shares of Class A common stock		0	$ 60,317,000
Loss on extinguishment of debt	$ 133,200,000	$ 0	$ 133,173,000
Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage of principal amount (as a percent)		100%
Exchangeable senior notes
Debt Instrument [Line Items]
Exchange of notes into shares of Class A common stock		$ 1,000
5.00% Convertible Senior Notes | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Interest rate (as a percent)		5%
Conversion or Exchange Price (in dollars per share) | $ / shares		$ 63.02
Conversion or Exchange Ratio (in shares)		15.8675
Conversion or Exchange Shares (in shares) | shares		3,174,000
Convertible and exchangeable senior notes, outstanding principal		$ 0		200,000,000
5.75% Exchangeable Senior Notes | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Interest rate (as a percent)	5.75%	5.75%
Conversion or Exchange Price (in dollars per share) | $ / shares		$ 9.20
Conversion or Exchange Ratio (in shares)		108.6956
Conversion or Exchange Shares (in shares) | shares		8,524,000
Convertible and exchangeable senior notes, outstanding principal		$ 78,422,000		$ 78,422,000
Conversion ratio	0.108696
5.75% Exchangeable Senior Notes | Convertible and Exchangeable Senior Notes | March 2022 Exchange
Debt Instrument [Line Items]
Exchange of notes into shares of Class A common stock	$ 60,300,000
Exchange of notes for class A common stock (in shares) | shares	6,389,366
Repayments of convertible debt	$ 13,900,000

Debt - Schedule of Non-Recourse

Debt - Schedule of Non-Recourse Investment-Level Secured Debt (Details) - USD ($)	1 Months Ended			9 Months Ended
	Mar. 31, 2023	Feb. 28, 2023	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Apr. 30, 2023
Debt Instrument [Line Items]
Loss on debt extinguishment			$ 133,200,000	$ 0	$ 133,173,000
Securitized Notes | Secured Debt | Operating
Debt Instrument [Line Items]
Debt instrument, face amount	$ 370,000,000	$ 715,000,000				$ 350,000,000
Interest rate (as a percent)	6.32%	5.12%
Effective rate (as a percent)		7.07%
Maturity (in years)	5 years	5 years
Loss on debt extinguishment				$ 12,000,000

Debt - Schedule of Future Minim

Debt - Schedule of Future Minimum Principal Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Corporate Debt
Debt Instrument [Line Items]
Remaining 2023	$ 0
2024	0
2025	78,422
2026	300,000
2027	0
2028 and thereafter	0
Total	378,422
Corporate Debt | Secured Debt
Debt Instrument [Line Items]
Remaining 2023	0
2024	0
2025	0
2026	300,000
2027	0
2028 and thereafter	0
Total	300,000
Corporate Debt | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Remaining 2023	0
2024	0
2025	78,422
2026	0
2027	0
2028 and thereafter	0
Total	78,422
Nonrecourse
Debt Instrument [Line Items]
Remaining 2023	995
2024	605,413
2025	700,000
2026	530,000
2027	600,000
2028 and thereafter	370,000
Total	2,806,408	$ 4,634,235
Nonrecourse | Secured Debt | Operating
Debt Instrument [Line Items]
Remaining 2023	995
2024	600,753
2025	700,000
2026	530,000
2027	600,000
2028 and thereafter	370,000
Total	2,801,748	4,633,735
Nonrecourse | Secured Debt | Corporate and Other—Consolidated fund
Debt Instrument [Line Items]
Remaining 2023	0
2024	4,660
2025	0
2026	0
2027	0
2028 and thereafter	0
Total	$ 4,660	$ 500

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Preferred and Common Stock Outstanding (Details) - shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	May 31, 2023	Dec. 31, 2022
Share Activities Of Preferred And Common Stock [Roll Forward]
Preferred stock, beginning balance, shares outstanding (in shares)	33,111,000
Preferred stock, ending balance, shares outstanding (in shares)	32,876,000
Preferred Stock
Share Activities Of Preferred And Common Stock [Roll Forward]
Preferred stock, beginning balance, shares outstanding (in shares)	33,111,000	35,340,000
Stock repurchase (in shares)	(235,000)	(2,229,000)
Preferred stock, ending balance, shares outstanding (in shares)	32,876,000	33,111,000
Class A Common Stock
Share Activities Of Preferred And Common Stock [Roll Forward]
Common stock, beginning balance, shares outstanding (in shares)	159,763,000	142,144,000
Stock repurchase (in shares)		(945,000)
Exchange of notes for class A common stock (in shares)		6,389,000
Equity awards issued, net of forfeitures (in shares)	4,815,000	1,533,000
Shares canceled for tax withholding on vested equity awards (in shares)	(1,567,000)	(681,000)
Common stock, ending balance, shares outstanding (in shares)	163,264,000	162,975,000
Common stock, shares authorized (in shares)	237,250,000		237,250,000	237,250,000
Class A Common Stock | OP Units
Share Activities Of Preferred And Common Stock [Roll Forward]
Shares issued upon redemption of OP Units and redeemable noncontrolling interest (in shares)	253,000	100,000
Class A Common Stock | Redeemable Noncontrolling Interests
Share Activities Of Preferred And Common Stock [Roll Forward]
Shares issued upon redemption of OP Units and redeemable noncontrolling interest (in shares)		14,435,000
Class B Common Stock
Share Activities Of Preferred And Common Stock [Roll Forward]
Common stock, beginning balance, shares outstanding (in shares)	166,000	166,000
Common stock, ending balance, shares outstanding (in shares)	166,000	166,000
Common stock, shares authorized (in shares)	250,000		250,000	250,000

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Preferred Stock (Details) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Shares Outstanding (in shares)	32,876	33,111
Par Value	$ 329
Liquidation Preference	$ 821,899	$ 827,779
Series H
Class of Stock [Line Items]
Dividend Rate Per Annum	7.125%
Shares Outstanding (in shares)	8,395
Par Value	$ 84
Liquidation Preference	$ 209,870
Series I
Class of Stock [Line Items]
Dividend Rate Per Annum	7.15%
Shares Outstanding (in shares)	12,867
Par Value	$ 129
Liquidation Preference	$ 321,668
Series J
Class of Stock [Line Items]
Dividend Rate Per Annum	7.125%
Shares Outstanding (in shares)	11,614
Par Value	$ 116
Liquidation Preference	$ 290,361

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)		1 Months Ended		3 Months Ended				9 Months Ended		12 Months Ended
	May 31, 2023 USD ($) $ / shares shares	Aug. 31, 2022 $ / shares	Apr. 30, 2015	Sep. 30, 2023 votingRightPerShare director quarter $ / shares shares	Jun. 30, 2023 USD ($) $ / shares	Mar. 31, 2023 $ / shares	Sep. 30, 2022 $ / shares	Sep. 30, 2023 USD ($) votingRightPerShare director quarter $ / shares shares	Sep. 30, 2022 $ / shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 shares	May 01, 2023 $ / shares	Aug. 01, 2022 $ / shares
Class of Stock [Line Items]
Redemption amount per share (in dollars per share) | $ / shares				$ 25				$ 25
Minimum period of dividend defaults providing preferred stockholders to voting rights | quarter				6				6
Number of directors vote entitles | director				2				2
Change in common stock par value (Note 9) | $					$ 0
Stock repurchase, authorized amount | $					$ 200,000,000
Minimum affirmative vote required for changes to any series of preferred stock				66.67%				66.67%
Dividends declared per common share (in dollars per share) | $ / shares				$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.03	$ 0.01
Reverse stock split conversion ratio		0.25
Additional Paid-in Capital
Class of Stock [Line Items]
Change in common stock par value (Note 9) | $	$ 4,900,000				$ (4,862,000)
Common Stock
Class of Stock [Line Items]
Change in common stock par value (Note 9) | $	$ (4,900,000)				$ 4,862,000
Treasury Stock, Preferred
Class of Stock [Line Items]
Shares repurchased (in shares) | shares								235,223		2,228,805
Value of shares repurchased | $								$ 4,700,000		$ 52,600,000
Weighted average price per share (in dollars per share) | $ / shares								$ 20.18		$ 23.62
Class A Common Stock
Class of Stock [Line Items]
Voting rights attributable to each share | votingRightPerShare				1				1
Common stock conversion ratio for Class A to Class B / OP units			1
Class A common stock acquired under the DRIP Plan (in shares) | shares								0		0	0
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.04		$ 0.01				$ 0.01		$ 0.04		$ 0.04	$ 0.01
Common stock, shares authorized (in shares) | shares	237,250,000			237,250,000				237,250,000		237,250,000
Class A Common Stock | Treasury Stock, Common
Class of Stock [Line Items]
Shares repurchased (in shares) | shares										4,195,020
Value of shares repurchased | $										$ 54,900,000
Weighted average price per share (in dollars per share) | $ / shares										$ 13.09
Class B Common Stock
Class of Stock [Line Items]
Voting rights attributable to each share | votingRightPerShare				36.5				36.5
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.04		$ 0.01				$ 0.01		$ 0.04		$ 0.04	$ 0.01
Common stock, shares authorized (in shares) | shares	250,000			250,000				250,000		250,000

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 4,129,011	$ 4,912,390	$ 4,469,489	$ 4,912,390
Deconsolidation of investment entities	(1,426,470)	(176,856)
Ending balance	2,998,160	4,122,943	2,998,160	4,608,689
AOCI - Stockholders
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	1,122	42,383	(1,509)	42,383
Other comprehensive income (loss) before reclassifications			1,263	(15,594)
Amounts reclassified from AOCI			(606)	(30,845)
Deconsolidation of investment entities	965		965
Ending balance	113	12,753	113	(4,056)
Company's Share in AOCI of Equity Method Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		2,334	(295)	2,334
Other comprehensive income (loss) before reclassifications			(1)	(3,790)
Amounts reclassified from AOCI			296	(200)
Deconsolidation of investment entities			0
Ending balance	0		0	(1,656)
Unrealized Gain (Loss) on AFS Debt Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		5,861	0	5,861
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified from AOCI			0	(5,861)
Deconsolidation of investment entities			0
Ending balance	0		0	0
Foreign Currency Translation Gain (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		26,502	(1,214)	26,502
Other comprehensive income (loss) before reclassifications			1,264	(36,281)
Amounts reclassified from AOCI			(902)	(17,016)
Deconsolidation of investment entities			965
Ending balance	113		113	(26,795)
Unrealized Gain (Loss) on Net Investment Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		7,686	0	7,686
Other comprehensive income (loss) before reclassifications			0	24,477
Amounts reclassified from AOCI			0	(7,768)
Deconsolidation of investment entities			0
Ending balance	0		0	24,395
Foreign Currency Translation Gain (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		$ 11,057	(3,015)	11,057
Other comprehensive income (loss) before reclassifications			(1,666)	(29,551)
Amounts reclassified from AOCI			2,082	(9,819)
Deconsolidation of investment entities			2,550
Ending balance	$ (49)		$ (49)	$ (28,313)

Stockholders' Equity - Schedu_4

Stockholders' Equity - Schedule of Reclassification Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other loss, net	$ 254,827	$ 25,908	$ 100,545	$ (170,229)
Release of AOCI of equity method investments	17,943	11,531	51,914	34,429
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Release of AOCI of equity method investments	0	0	(296)	200
Other gain (loss), net | Reclassification out of Accumulated Other Comprehensive Income | Relief of basis of AFS debt securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other loss, net	0	0	0	5,861
Other gain (loss), net | Reclassification out of Accumulated Other Comprehensive Income | Release of foreign currency cumulative translation adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other loss, net	284	(3,664)	902	17,016
Other gain (loss), net | Reclassification out of Accumulated Other Comprehensive Income | Realized gain on net investment hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other loss, net	0	7,768	0	7,768
Other gain (loss), net | Reclassification out of Accumulated Other Comprehensive Income | Deconsolidation of DataBank
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other loss, net	$ (965)		$ (965)	$ 0

Noncontrolling Interests - Sche

Noncontrolling Interests - Schedule of Changes in Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Increase (Decrease) in Temporary Equity [Roll Forward]
Balance at January 1			$ 100,574			$ 359,223	$ 100,574	$ 359,223
Distributions paid and payable, including redemptions by limited partners in consolidated funds	$ 16,856	$ 13,732	$ 43,562	$ 1,219,581	$ 13,490	26,018
Adjustment of Wafra's interest to redemption value and warrants held by Wafra to fair value					(35,026)	(690,000)	0	725,026
Redemption of Wafra's interest						$ 32,076
Reclassification of warrants held by Wafra to liability in May 2022 (Note 7)							0	(81,400)
Reclassification of carried interest allocated to redeemable noncontrolling interest to noncontrolling interest in investment entities (Note 10)					$ 4,087		0	(4,087)
Balance at September 30	$ 27,178			$ 96,028			27,178	96,028
Redeemable Noncontrolling Interests
Increase (Decrease) in Temporary Equity [Roll Forward]
Contributions							300	11,650
Distributions paid and payable, including redemptions by limited partners in consolidated funds							(78,330)	(20,119)
Net income (loss)							4,634	(31,989)
Redemption of Wafra's interest							$ 0	$ (862,276)

Noncontrolling Interests - Narr

Noncontrolling Interests - Narrative (Details) $ in Thousands				1 Months Ended							3 Months Ended						6 Months Ended	9 Months Ended		12 Months Ended
	May 23, 2022 USD ($) shares	May 22, 2022	Mar. 31, 2022 USD ($)	Sep. 30, 2023 USD ($)	May 31, 2023 USD ($)	May 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Feb. 28, 2022 USD ($)	Jan. 31, 2022 USD ($)	Jul. 31, 2020 USD ($) security	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 shares	Sep. 14, 2023	Mar. 30, 2022
Noncontrolling Interest [Line Items]
Payments to acquire noncontrolling interest																		$ 0	$ 32,076
Assumption of deferred tax asset resulting from redemption of redeemable noncontrolling interest (Note 10)						$ 5,200
DataBank recapitalization (Note 10)											$ 18,210			$ 0
Distributed carried interest											27,900			123,500				28,400	123,500
Other loss, net											254,827			25,908				$ 100,545	$ (170,229)
OP units to common stock, conversion ratio																		1
Equity-based compensation											15,010	$ 25,965	$ 16,612	19,041	$ 9,169	$ 18,625
DataBank Data Centers
Noncontrolling Interest [Line Items]
Purchase price					$ 8,200		$ 88,700	$ 17,600	$ 32,000
Additional Paid-in Capital
Noncontrolling Interest [Line Items]
DataBank recapitalization (Note 10)											(14,791)			170,770			$ 230,200
Equity-based compensation											11,023	21,681	10,930	9,867	7,508	14,286
Investment entities
Noncontrolling Interest [Line Items]
DataBank recapitalization (Note 10)											33,001			(170,770)			$ (230,200)
Equity-based compensation											$ 3,934	$ 4,232	5,542	8,861	$ 1,061	$ 2,734
DataBank
Noncontrolling Interest [Line Items]
Assets acquisition, balance sheet investment, equity interest (as a percent)			21.80%				21.80%									21.80%	11%			11%		20%
Ownership (as a percent)				9.87%							9.87%							9.87%			11%
Equity-based compensation																		$ 434,500
Distributed carried interest				$ 27,900
Proceeds from sale of equity interest																		3,700
Gain related to remeasurement																		275,000
Other loss, net																		$ 278,700
Equity-based compensation														10,000
DataBank | Investment entities
Noncontrolling Interest [Line Items]
Equity-based compensation														$ 7,800
DataBank | Parent
Noncontrolling Interest [Line Items]
Proceeds from sale of investment				$ 49,400													$ 425,500
DataBank | Parent | Current And Former Employees
Noncontrolling Interest [Line Items]
Proceeds from sale of investment																	$ 20,100
OP Units
Noncontrolling Interest [Line Items]
OP units to common stock, conversion ratio																		1
OP units redeemed (in shares) | shares																		253,084		100,220
Common Stock Warrants | Class A Common Stock
Noncontrolling Interest [Line Items]
Number of warrants issued | security										5
Aggregate percentage of common stock (as a percent)										5%
Maximum | Common Stock Warrants | Class A Common Stock
Noncontrolling Interest [Line Items]
Aggregate percentage of common stock (as a percent)						9.80%
Wafra, Inc.
Noncontrolling Interest [Line Items]
Carried interest (as a percent)	7%	12.60%
Payments to acquire noncontrolling interest	$ 388,500
Shares issued to acquire noncontrolling interest (in shares) | shares	14,435,399
Payments to noncontrolling interests	$ 348,800
Percentage of shares payable (as a percent)	50%
Payable to wafra													$ 90,000
Wafra, Inc. | Maximum
Noncontrolling Interest [Line Items]
Contingent consideration	$ 125,000		$ 125,000
Fee earning equity	$ 6,000,000
Wafra, Inc. | Partnership
Noncontrolling Interest [Line Items]
Participation in net management fees and carried interest (as a percent)	31.50%
Wafra, Inc. | Partnership | Commitments to DCP I
Noncontrolling Interest [Line Items]
Other commitments										$ 124,900
Wafra, Inc. | Partnership | Commitments to DCP II
Noncontrolling Interest [Line Items]
Other commitments										$ 125,000

Noncontrolling Interests- Sched

Noncontrolling Interests- Schedule of Assets, Liabilities and Noncontrolling Interests (Details) - DataBank $ in Thousands	Sep. 14, 2023 USD ($)
Assets
Cash and cash equivalents	$ 52,902
Restricted cash	49,546
Real estate	3,234,888
Goodwill	463,120
Deferred leasing costs and intangible assets	322,187
Other assets	461,223
Assets held for disposition	49,696
Total assets derecognized	4,633,562
Liabilities
Debt	2,309,596
Intangible liabilities	6,696
Other liabilities	718,211
Liabilities related to assets held for disposition	12,165
Total liabilities derecognized	3,046,668
Noncontrolling interests in investment entities	$ 1,427,435

Fair Value - Narrative (Details

Fair Value - Narrative (Details)	1 Months Ended	9 Months Ended
	Jul. 31, 2020 security $ / shares shares	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($) loan	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		$ 0	$ 11,793,000
Warrants issued to Wafra (Note 10)		41,400,000	17,700,000
Increase in fair value of warrants		$ 23,700,000
Discount rate (as a percent)		4.90%
InfraBridge
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration payable		$ 11,203,000	$ 0
Measurement Input, Price Volatility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and rights outstanding, measurement input (as a percent)		0.372	0.408
Measurement Input, Risk Free Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and rights outstanding, measurement input (as a percent)		0.0485	0.0416
Common Stock Warrants | Class A Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of warrants issued | security	5
Number of shares called by each warrant (in shares) | shares	1,338,000
Common Stock Warrants | Class A Common Stock | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Strike price (in dollars per share) | $ / shares	$ 9.72
Common Stock Warrants | Class A Common Stock | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Strike price (in dollars per share) | $ / shares	$ 24
Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount			$ 321,100,000
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding balance			$ 167,800,000
Loans Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of loans | loan			2
Loans Receivable | DataBank
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of loans | loan			1
Loans Receivable | Held for Disposition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of loans | loan			1
Level 1 | Equity Securities | Long
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities		$ 84,000,000	$ 155,900,000
Level 1 | Equity Securities | Short
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities		43,800,000	$ 40,900,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration, increase in fair value		300,000
Level 3 | Minimum | Discount Rate | Loans Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input (as a percent)			0.100
Level 3 | Maximum | Discount Rate | Loans Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input (as a percent)			0.105
Level 3 | Equity Investment of Consolidated Fund | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investment		107,032,000	$ 46,770,000	$ 11,209,000	$ 0
Level 3 | Loans Receivable | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investment		0	137,945,000	$ 174,389,000	$ 82,930,000
Fair Value Measured at Net Asset Value Per Share | Recurring | Retail Companies, Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative investment		$ 34,500,000	$ 34,500,000

Fair Value - Schedule of Realiz

Fair Value - Schedule of Realized and Unrealized Gain (Loss) on Derivatives not Designated as Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Foreign exchange contracts | Net Investment Hedging | Non-Designated Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Realized and unrealized gain in earnings on non-designated contracts	$ 0	$ (8,689)	$ 4,053	$ (3,619)
Foreign exchange contracts | Net Investment Hedging | Designated Hedges | Other gain (loss), net
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain transferred from AOCI to earnings	0	8,367	0	8,367
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Realized and unrealized gain in earnings on non-designated contracts	$ 0	$ 10,258	$ 0	$ 11,284

Fair Value - Schedule of Change

Fair Value - Schedule of Changes in Level 3 Fair Value (Details) - Level 3 - Recurring - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Loans held for Investment, Net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	$ 137,945	$ 82,930
Originations and drawdowns	0	371,415
Change in accrued interest and capitalization of paid-in-kind interest	544	4,491
Change in consolidated fund's share of equity investment	0
Paydowns	(6,804)	(159,501)
Transfer of warehoused loans to sponsored fund		(83,083)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Consolidations		0
Unrealized and realized gain (loss) in earnings, net	(131,685)	(41,863)
Fair value, ending balance	0	174,389
Net unrealized gains (losses) in earnings on instruments held	(133,307)	(38,649)
Equity Investment of Consolidated Fund
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	46,770	0
Originations and drawdowns	58,952	0
Change in accrued interest and capitalization of paid-in-kind interest	0	0
Change in consolidated fund's share of equity investment	1,842
Paydowns	(2,344)	0
Transfer of warehoused loans to sponsored fund		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Consolidations		10,536
Unrealized and realized gain (loss) in earnings, net	1,812	673
Fair value, ending balance	107,032	11,209
Net unrealized gains (losses) in earnings on instruments held	$ 1,812	$ 673

Fair Value - Schedule of Estima

Fair Value - Schedule of Estimated Fair Values and Carrying Values of Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Secured Debt | Fair Value
Liabilities
Secured and unsecured debt	$ 2,547,011	$ 4,213,492
Secured Debt | Carrying Value
Liabilities
Secured and unsecured debt	2,786,052	4,587,228
Exchangeable senior notes | Fair Value
Liabilities
Secured and unsecured debt	149,363	304,513
Exchangeable senior notes | Carrying Value
Liabilities
Secured and unsecured debt	77,378	276,741
Level 1 | Secured Debt
Liabilities
Secured and unsecured debt	0	0
Level 1 | Exchangeable senior notes
Liabilities
Secured and unsecured debt	0
Level 2 | Secured Debt
Liabilities
Secured and unsecured debt	2,542,596	3,268,508
Level 2 | Exchangeable senior notes
Liabilities
Secured and unsecured debt	149,363	304,513
Level 3 | Secured Debt
Liabilities
Secured and unsecured debt	4,415	944,984
Level 3 | Exchangeable senior notes
Liabilities
Secured and unsecured debt	0	0
Series 2021-1 Notes | Secured Debt | Fair Value
Liabilities
Secured and unsecured debt	250,547	250,547
Series 2021-1 Notes | Secured Debt | Carrying Value
Liabilities
Secured and unsecured debt	293,743	292,171
Series 2021-1 Notes | Level 1 | Secured Debt
Liabilities
Secured and unsecured debt	0	0
Series 2021-1 Notes | Level 2 | Secured Debt
Liabilities
Secured and unsecured debt	250,547	250,547
Series 2021-1 Notes | Level 3 | Secured Debt
Liabilities
Secured and unsecured debt	$ 0	$ 0

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Exposure to the obligations of the investment entities	$ 157.5	$ 94.7
Variable Interest Entity, Primary Beneficiary | Company Sponsored Funds
Variable Interest Entity [Line Items]
Unfunded lending commitment	41.9
Variable Interest Entity, Not Primary Beneficiary | Company-Sponsored Private Funds
Variable Interest Entity [Line Items]
Exposure to the obligations of the investment entities	1,560	$ 752.3
Variable Interest Entity, Not Primary Beneficiary | Company Sponsored Funds
Variable Interest Entity [Line Items]
Unfunded lending commitment	$ 86.9

Variable Interest Entities - Sc

Variable Interest Entities - Schedule of Supplemental Balance Sheet Disclosures (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Cash and cash equivalents	$ 434,044	$ 918,254	$ 636,366	$ 1,602,102
Investments—marketable equity securities and equity interests in credit pooling entities (Note 11)	1,879,981	1,242,001
Other assets	165,340	654,050
Total assets	6,872,091	11,028,503
Due to custodian	9,548	35,458
Other liabilities	668,572	1,272,096
Corporate and Other
Variable Interest Entity [Line Items]
Cash and cash equivalents	311,850	812,716
Investments—marketable equity securities and equity interests in credit pooling entities (Note 11)	1,311,089	842,036
Other assets	46,335	67,465
Total assets	1,673,834	1,728,390
Other liabilities	179,823	204,164
Variable Interest Entity, Primary Beneficiary | Corporate and Other
Variable Interest Entity [Line Items]
Cash and cash equivalents	70,122	86,433
Investments—marketable equity securities and equity interests in credit pooling entities (Note 11)	178,176	185,845
Other assets	3,219	1,895
Total assets	251,517	274,173
Debt	4,415	465
Due to custodian	9,547	35,457
Other	9,930	2,734
Other liabilities	67,723	79,584
Variable Interest Entity, Primary Beneficiary | Corporate and Other | Equity Securities | Short
Variable Interest Entity [Line Items]
Securities sold short	$ 43,831	$ 40,928

Earnings per Share (Details)

Earnings per Share (Details) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares
Net income (loss) allocated to common stockholders
Income (loss) from continuing operations attributable to DigitalBridge Group, Inc.	$ 278,842	$ 25,261	$ 89,710	$ (157,638)
Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc.	(2,369)	(74,349)	(19,697)	(159,569)
Net income (loss) attributable to DigitalBridge Group, Inc.	276,473	(49,088)	70,013	(317,207)
Preferred stock repurchases/redemptions (Note 9)	0	1,098	927	1,098
Preferred dividends	(14,645)	(15,283)	(43,996)	(46,801)
Net income (loss) attributable to common stockholders	261,828	(63,273)	26,944	(362,910)
Net income (loss) allocated to participating securities	(4,801)	(17)	(457)	(17)
Net income (loss) allocated to common stockholders—basic	257,027	(63,290)	26,487	(362,927)
Interest on Convertible and Exchangeable Debt, Net of Tax	1,264	0	0	0
Net income (loss) allocated to common stockholders—diluted	$ 258,291	$ (63,290)	$ 26,487	$ (362,927)
Weighted average common shares outstanding
Weighted average number of common shares outstanding - basic (in shares) | shares	160,564,000	162,398,000	159,600,000	153,028,000
Weighted average effect of dilutive shares (in shares) | shares	13,298,000	0	4,420,000	0
Weighted average number of common shares outstanding - diluted (in shares) | shares	173,862,000	162,398,000	164,020,000	153,028,000
Income (loss) per share—basic
Income (Loss) from continuing operations (in dollars per share) | $ / shares	$ 1.61	$ 0.07	$ 0.29	$ (1.33)
Income (Loss) from discontinued operations (in dollars per share) | $ / shares	(0.01)	(0.46)	(0.12)	(1.04)
Net income (loss) loss attributable to common stockholders per common share - basic (in dollars per share) | $ / shares	1.60	(0.39)	0.17	(2.37)
Income (loss) per share—diluted
Income (Loss) from continuing operations (in dollars per share) | $ / shares	1.49	0.07	0.28	(1.33)
Income (Loss) from discontinued operations (in dollars per share) | $ / shares	(0.01)	(0.46)	(0.12)	(1.04)
Net income (loss) attributable to common stockholders per common share - diluted (in dollars per share) | $ / shares	$ 1.48	$ (0.39)	$ 0.16	$ (2.37)
Conversion ratio			1
Convertible Debt Securities
Income (loss) per share—diluted
Interest expense on convertible note excluded from diluted EPS		$ 4,000	$ 6,900	$ 12,700
Weighted average dilutive common share (in shares) | shares		11,698,000	9,744,700	13,307,000
Debt extinguishment loss excluded from diluted EPS				$ 133,200
Performance Shares
Income (loss) per share—diluted
Weighted average dilutive common share (in shares) | shares		1,076,000		1,727,000
Common Stock Warrants
Income (loss) per share—diluted
Weighted average dilutive common share (in shares) | shares	957,600	1,393,000	569,600	2,174,000
OP Units
Income (loss) per share—diluted
Weighted average dilutive common share (in shares) | shares			12,375,800	12,628,900

Fee Income - Schedule of Fee In

Fee Income - Schedule of Fee Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Management fees
Related Party Transaction [Line Items]
Revenue from contract with customer	$ 65,236	$ 40,697	$ 187,138	$ 126,447
Incentive fees | Affiliated Entity
Related Party Transaction [Line Items]
Revenue from contract with customer	0	0	1,040	0
Other fees
Related Party Transaction [Line Items]
Revenue from contract with customer	4	566	1,930	1,971
Total fee income
Related Party Transaction [Line Items]
Revenue from contract with customer	65,240	41,263	190,108	128,418
Total fee income | Affiliated Entity
Related Party Transaction [Line Items]
Revenue from contract with customer	$ 63,496	$ 40,350	$ 183,112	$ 125,757

Fee Income - Narrative (Details

Fee Income - Narrative (Details) - Private Funds - Base Management Fees - Fee income	9 Months Ended
	Sep. 30, 2023
Minimum
Management Fee Income [Line Items]
Management fee revenue, percent of total commitments during commitment period and thereafter invested capital (as a percent)	0.20%
Maximum
Management Fee Income [Line Items]
Management fee revenue, percent of total commitments during commitment period and thereafter invested capital (as a percent)	1.50%

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion of units, conversion ratio (LTIP to common OP Unit)			1
Fair value of shares vested	$ 13.3	$ 4.2	$ 47.5	$ 53.3
Aggregate unrecognized compensation cost related to restricted stock granted	44.6		$ 44.6
Weighted average period of expected cost (in years)			1 year 10 months 24 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			3 years
PSUs | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Measurement period (in years)			3 years
PSUs | Minimum | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued, percent of PSU granted (as a percent)			0%
PSUs | Maximum | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued, percent of PSU granted (as a percent)			200%
DSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			1 year
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash settlement paid	2.4		$ 3.3
Aggregate unrecognized compensation cost related to restricted stock granted	$ 6.3		$ 6.3
Weighted average period of expected cost (in years)			1 year
Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares reserved for future issuance, annual increase (as a percent)	2%		2%
Common stock, shares reserved for future issuance (in shares) | shares	24.5		24.5
Equity Incentive Plan | LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion of units, conversion ratio (LTIP to common OP Unit)			1

Equity-Based Compensation - Sch

Equity-Based Compensation - Schedule of Valuation Technique (Details) - $ / shares	1 Months Ended	9 Months Ended
	Jul. 31, 2019	Sep. 30, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
LTIP units issued (in shares)		2,901,131
2023 PSU Grants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		41.30%
Expected annual dividend yield		0.30%
Risk-free rate (per annum)		3.80%
2022 PSU Grants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		32.40%
Expected annual dividend yield		0%
Risk-free rate (per annum)		2%
2021 PSU Grants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		35.40%
Expected annual dividend yield		0%
Risk-free rate (per annum)		0.30%
LTIP Units
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
LTIP units issued (in shares)	2,500,000	0
Target share price for LTIP vesting (in dollars per share)	$ 40
LTIP vesting period, threshold of consecutive trading days	90 days
LTIP Units | 2022 LTIP Grant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		34%
Expected annual dividend yield		0%
Risk-free rate (per annum)		3.60%
LTIP Units | 2019 LTIP Grant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		28.30%
Expected annual dividend yield		8.10%
Risk-free rate (per annum)		1.80%

Equity-Based Compensation - S_2

Equity-Based Compensation - Schedule of Components of Share-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation cost	$ 14,340	$ 7,824	$ 46,029	$ 25,093
Compensation expense (including $0, $16, $0 and $229 expense related to dividend equivalent rights)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation cost	14,340	7,824	45,801	24,971
Amortization of fair value of dividend equivalent right	0	16	0	229
Administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation cost	$ 0	$ 0	$ 228	$ 122

Equity-Based Compensation - S_3

Equity-Based Compensation - Schedule of Nonvested Shares Under Director Stock Plan and Equity Incentive Plan (Details) - $ / shares	1 Months Ended	9 Months Ended
	Jul. 31, 2019	Sep. 30, 2023
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		8,638,710
Granted (in shares)		2,901,131
Vested (in shares)		(3,573,938)
Forfeited (in shares)		(445,740)
Unvested shares and units period end (in shares)		7,520,163
Weighted Average Grant Date Fair Value [Roll Forward]
Unvested shares and units beginning period (in dollars per share)		$ 10.84
Granted (in dollars per share)		12.14
Vested (in dollars per share)		13.82
Forfeited (in dollars per share)		13.79
Unvested shares and units period end (in dollars per share)		$ 9.93
Restricted Stock
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		1,706,674
Granted (in shares)		2,417,211
Vested (in shares)		(1,145,622)
Forfeited (in shares)		(21,675)
Unvested shares and units period end (in shares)		2,956,588
LTIP Units
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		2,625,000
Granted (in shares)	2,500,000	0
Vested (in shares)		0
Forfeited (in shares)		0
Unvested shares and units period end (in shares)		2,625,000
DSUs
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		20,058
Granted (in shares)		70,748
Vested (in shares)		(26,747)
Forfeited (in shares)		0
Unvested shares and units period end (in shares)		64,059
RSUs
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		2,397,391
Granted (in shares)		0
Vested (in shares)		(1,798,044)
Forfeited (in shares)		0
Unvested shares and units period end (in shares)		599,347
PSUs
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		1,889,587
Granted (in shares)		413,172
Vested (in shares)		(603,525)
Forfeited (in shares)		(424,065)
Unvested shares and units period end (in shares)		1,275,169
Weighted Average Grant Date Fair Value [Roll Forward]
Unvested shares and units beginning period (in dollars per share)		$ 17.84
Granted (in dollars per share)		11.63
Vested (in dollars per share)		26.92
Forfeited (in dollars per share)		26.92
Unvested shares and units period end (in dollars per share)		$ 8.51

Transactions with Affiliates -

Transactions with Affiliates - Schedule of Amounts Due to Manager or its Affiliates (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Due from affiliates	$ 69,695	$ 45,360
Related Party
Related Party Transaction [Line Items]
Due to affiliates	13,055	12,451
Fee income
Related Party Transaction [Line Items]
Due from affiliates	58,376	35,010
Cost reimbursements and recoverable expenses
Related Party Transaction [Line Items]
Due from affiliates	10,707	7,031
Other
Related Party Transaction [Line Items]
Due from affiliates	612	0
Employees and other affiliates
Related Party Transaction [Line Items]
Due from affiliates	0	3,319
Employees and other affiliates | Related Party
Related Party Transaction [Line Items]
Due to affiliates	1,932	658
Investment vehicles—Derivative obligation | Related Party
Related Party Transaction [Line Items]
Due to affiliates	0	11,793
Investment vehicles—InfraBridge (Note 3) | Related Party
Related Party Transaction [Line Items]
Due to affiliates	$ 11,123	$ 0

Transactions with Affiliates _2

Transactions with Affiliates - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
DataBank recapitalization (Note 10)		$ 18,210	$ 0
Redeemable noncontrolling interests		132	(6,442)	$ 4,634	$ (31,989)
Noncontrolling Interest Net Income
Related Party Transaction [Line Items]
Carried interest allocation		18,900	13,800	40,300	43,500
Former Owner
Related Party Transaction [Line Items]
Noncontrolling interest, carried interest allocation		109,900		109,900		$ 70,400
DataBank recapitalization (Note 10)	$ 86,100
Affiliated Entity | Redeemable Noncontrolling Interests | Investment vehicles—Derivative obligation
Related Party Transaction [Line Items]
Investments		21,000		21,000		$ 17,700
Redeemable noncontrolling interests		1,400	400	3,500	100
Former Employee
Related Party Transaction [Line Items]
Advanced expenses		0	7,500	0	17,200
Cost Reimbursements | Chief Executive Officer
Related Party Transaction [Line Items]
Reimbursement of chartered flight cost		1,700	700	4,300	1,800
Cost Reimbursements | Affiliated Entity
Related Party Transaction [Line Items]
Revenue from contract with customer		$ 1,200	$ 1,000	$ 3,800	$ 5,700

Supplemental Disclosure of Ca_3

Supplemental Disclosure of Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of amounts capitalized of $5,433 and $1,674	$ 155,304	$ 163,646
Interest capitalized	5,433	1,674
Cash received (paid) for income taxes	969	5,782
Operating lease payments	46,615	50,584
Finance lease payments	11,918	11,750
Supplemental Disclosure of Cash Flows from Discontinued Operations
Net cash provided by (used in) operating activities of discontinued operations	(4,930)	(16,038)
Net cash provided by (used in) investing activities of discontinued operations	259,446	(12,915)
Net cash provided by (used in) financing activities of discontinued operations	(28,956)	(12,503)
Supplemental Disclosure of Noncash Investing and Financing Activities
Dividends and distributions payable	16,418	16,527	$ 16,491
Payables for improvements in operating real estate and acquired lease intangibles	33,456	108,468
Receivables from asset sales	2,091	12,373
Operating lease ROU assets and lease liabilities established	29,050	16,840
Finance lease ROU assets and lease liabilities established	21,475	0
Contingent consideration for acquisition of InfraBridge	10,874	0
ROU asset and lease liability derecognized upon purchase of leased real estate (Note 3)	3,120	0
Redemption of redeemable noncontrolling interest for common stock	0	348,759
Seller note received in sale of NRF Holdco equity (Note 2)	0	154,992
Loan receivable relieved in exchange for equity investment acquired	0	20,676
Redemption of OP Units for common stock	984	341
Assets disposed or deconsolidated in sale of equity of investment entities	4,633,562	3,420,783
Liabilities disposed or deconsolidated in sale of equity of investment entities	3,046,668	3,144,700
Noncontrolling interests of investment entities sold and deconsolidated	1,427,435	204,730
Exchange of notes for class A common shares	$ 0	$ 60,317