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SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Oct. 31, 2021
Loans and Investments      
Base spread (as a percent)     3.00%
Fixed interest rate (as a percent) 4.26% 5.23%  
Prior Liens $ 1,391,692    
Secured amount of loan 12,158,995    
Carrying Amount 11,981,048    
Amount of loans extended 1,240,000    
Federal income tax basis $ 12,160,000    
Threshold for reporting loans (as a percent) 3.00%    
Bridge Loans      
Loans and Investments      
Fixed interest rate (as a percent) 4.19% 5.09%  
Prior Liens $ 0    
Secured amount of loan 11,750,710    
Carrying Amount 11,593,958    
Carrying Amount Subject to Delinquent Interest 0    
Bridge Loans | Loans less than 3%      
Loans and Investments      
Prior Liens 0    
Secured amount of loan 11,750,710    
Carrying Amount 11,593,958    
Carrying Amount Subject to Delinquent Interest $ 0    
Mezzanine Loans      
Loans and Investments      
Fixed interest rate (as a percent) 7.32% 7.40%  
Mezzanine Loans | Loans less than 3%      
Loans and Investments      
Prior Liens $ 735,936    
Secured amount of loan 223,378    
Carrying Amount $ 213,931    
Preferred equity investments      
Loans and Investments      
Fixed interest rate (as a percent) 5.57% 7.07%  
Preferred equity investments | Loans less than 3%      
Loans and Investments      
Prior Liens $ 655,756    
Secured amount of loan 155,513    
Carrying Amount 144,015    
Other Loans | Loans less than 3%      
Loans and Investments      
Secured amount of loan 29,394    
Carrying Amount 29,144    
Multifamily Portfolio | Bridge Loans | Loans less than 3%      
Loans and Investments      
Prior Liens 0    
Secured amount of loan 10,800,896    
Carrying Amount 10,733,582    
Carrying Amount Subject to Delinquent Interest $ 0    
Multifamily Portfolio | Bridge Loans | Loans less than 3% | Minimum      
Loans and Investments      
Base spread (as a percent) 2.50%    
LIBOR Floor rate (as a percent) 0.10%    
Fixed interest rate (as a percent) 3.83%    
Multifamily Portfolio | Bridge Loans | Loans less than 3% | Maximum      
Loans and Investments      
Base spread (as a percent) 6.75%    
LIBOR Floor rate (as a percent) 2.50%    
Fixed interest rate (as a percent) 11.00%    
Multifamily Portfolio | Mezzanine Loans | Loans less than 3%      
Loans and Investments      
Prior Liens $ 705,547    
Secured amount of loan 165,001    
Carrying Amount $ 159,022    
Multifamily Portfolio | Mezzanine Loans | Loans less than 3% | Minimum      
Loans and Investments      
Base spread (as a percent) 3.50%    
Multifamily Portfolio | Mezzanine Loans | Loans less than 3% | Maximum      
Loans and Investments      
Base spread (as a percent) 12.95%    
Multifamily Portfolio | Preferred equity investments | Loans less than 3%      
Loans and Investments      
Prior Liens $ 482,964    
Secured amount of loan 116,014    
Carrying Amount $ 113,506    
Multifamily Portfolio | Preferred equity investments | Loans less than 3% | Minimum      
Loans and Investments      
Fixed interest rate (as a percent) 2.00%    
Multifamily Portfolio | Preferred equity investments | Loans less than 3% | Maximum      
Loans and Investments      
Fixed interest rate (as a percent) 14.00%    
Land | Bridge Loans | Loans less than 3%      
Loans and Investments      
Fixed interest rate (as a percent) 0.00%    
Prior Liens $ 0    
Secured amount of loan 189,613    
Carrying Amount 111,741    
Carrying Amount Subject to Delinquent Interest $ 0    
Land | Bridge Loans | Loans less than 3% | Minimum      
Loans and Investments      
Base spread (as a percent) 4.00%    
LIBOR Floor rate (as a percent) 0.15%    
Land | Bridge Loans | Loans less than 3% | Maximum      
Loans and Investments      
Base spread (as a percent) 6.00%    
LIBOR Floor rate (as a percent) 1.66%    
Land | Mezzanine Loans | Loans less than 3%      
Loans and Investments      
Base spread (as a percent) 6.00%    
LIBOR Floor rate (as a percent) 1.66%    
Fixed interest rate (as a percent) 0.00%    
Secured amount of loan $ 48,832    
Carrying Amount $ 48,809    
Land | Preferred equity investments | Loans less than 3%      
Loans and Investments      
Fixed interest rate (as a percent) 12.00%    
Secured amount of loan $ 8,100    
Carrying Amount 7,975    
Healthcare | Bridge Loans | Loans less than 3%      
Loans and Investments      
Prior Liens 0    
Secured amount of loan 146,969    
Carrying Amount 146,823    
Carrying Amount Subject to Delinquent Interest $ 0    
Healthcare | Bridge Loans | Loans less than 3% | Minimum      
Loans and Investments      
Base spread (as a percent) 5.00%    
LIBOR Floor rate (as a percent) 1.49%    
Healthcare | Bridge Loans | Loans less than 3% | Maximum      
Loans and Investments      
Base spread (as a percent) 6.75%    
LIBOR Floor rate (as a percent) 2.63%    
Office | Bridge Loans | Loans less than 3%      
Loans and Investments      
Base spread (as a percent) 3.50%    
Fixed interest rate (as a percent) 0.00%    
Prior Liens $ 0    
Secured amount of loan 72,390    
Carrying Amount 70,877    
Carrying Amount Subject to Delinquent Interest 0    
Office | Preferred equity investments | Loans less than 3%      
Loans and Investments      
Secured amount of loan 8,199    
Carrying Amount $ 1,640    
Office | Preferred equity investments | Loans less than 3% | Minimum      
Loans and Investments      
Fixed interest rate (as a percent) 0.00%    
Hotel Portfolio | Bridge Loans | Loans less than 3%      
Loans and Investments      
LIBOR Floor rate (as a percent) 0.75%    
Prior Liens $ 0    
Secured amount of loan 45,716    
Carrying Amount 45,629    
Carrying Amount Subject to Delinquent Interest $ 0    
Hotel Portfolio | Bridge Loans | Loans less than 3% | Minimum      
Loans and Investments      
Base spread (as a percent) 3.00%    
Hotel Portfolio | Bridge Loans | Loans less than 3% | Maximum      
Loans and Investments      
Base spread (as a percent) 6.75%    
Real Estate Single-Family Rental | Bridge Loans | Loans less than 3%      
Loans and Investments      
Prior Liens $ 0    
Secured amount of loan 408,246    
Carrying Amount 400,998    
Carrying Amount Subject to Delinquent Interest $ 0    
Real Estate Single-Family Rental | Bridge Loans | Loans less than 3% | Minimum      
Loans and Investments      
Base spread (as a percent) 3.50%    
LIBOR Floor rate (as a percent) 0.25%    
Fixed interest rate (as a percent) 4.23%    
Real Estate Single-Family Rental | Bridge Loans | Loans less than 3% | Maximum      
Loans and Investments      
Base spread (as a percent) 6.75%    
LIBOR Floor rate (as a percent) 2.25%    
Fixed interest rate (as a percent) 10.00%    
Real Estate Single-Family Rental | Other Loans | Loans less than 3%      
Loans and Investments      
LIBOR Floor rate (as a percent) 0.25%    
Secured amount of loan $ 29,394    
Carrying Amount $ 29,144    
Real Estate Single-Family Rental | Other Loans | Loans less than 3% | Minimum      
Loans and Investments      
Fixed interest rate (as a percent) 4.25%    
Real Estate Single-Family Rental | Other Loans | Loans less than 3% | Maximum      
Loans and Investments      
Fixed interest rate (as a percent) 4.90%    
Student Housing | Bridge Loans | Loans less than 3%      
Loans and Investments      
Prior Liens $ 0    
Secured amount of loan 56,800    
Carrying Amount 56,624    
Carrying Amount Subject to Delinquent Interest $ 0    
Student Housing | Bridge Loans | Loans less than 3% | Minimum      
Loans and Investments      
Base spread (as a percent) 4.00%    
LIBOR Floor rate (as a percent) 0.25%    
Student Housing | Bridge Loans | Loans less than 3% | Maximum      
Loans and Investments      
Base spread (as a percent) 4.50%    
LIBOR Floor rate (as a percent) 1.80%    
Student Housing | Preferred equity investments | Loans less than 3%      
Loans and Investments      
Fixed interest rate (as a percent) 12.00%    
Prior Liens $ 143,000    
Secured amount of loan 21,500    
Carrying Amount 20,894    
Retail | Bridge Loans | Loans less than 3%      
Loans and Investments      
Prior Liens 0    
Secured amount of loan 16,500    
Carrying Amount 14,105    
Carrying Amount Subject to Delinquent Interest $ 0    
Retail | Bridge Loans | Loans less than 3% | Minimum      
Loans and Investments      
Base spread (as a percent) 3.50%    
LIBOR Floor rate (as a percent) 1.00%    
Retail | Bridge Loans | Loans less than 3% | Maximum      
Loans and Investments      
Base spread (as a percent) 4.00%    
LIBOR Floor rate (as a percent) 2.50%    
Retail | Mezzanine Loans | Loans less than 3%      
Loans and Investments      
Base spread (as a percent) 3.50%    
LIBOR Floor rate (as a percent) 1.00%    
Fixed interest rate (as a percent) 12.00%    
Prior Liens $ 30,389    
Secured amount of loan 9,545    
Carrying Amount $ 6,100    
Self Storage | Bridge Loans | Loans less than 3%      
Loans and Investments      
Base spread (as a percent) 3.90%    
LIBOR Floor rate (as a percent) 1.23%    
Prior Liens $ 0    
Secured amount of loan 13,580    
Carrying Amount 13,579    
Carrying Amount Subject to Delinquent Interest $ 0    
Commercial | Preferred equity investments | Loans less than 3%      
Loans and Investments      
Fixed interest rate (as a percent) 6.00%    
Prior Liens $ 29,792    
Secured amount of loan $ 1,700