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SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
SCHEDULE IV    
Fixed interest rate (as a percent) 8.17% 4.26%
Prior Liens $ 1,350,577  
Carrying value of loans 14,456,123  
Carrying Amount 14,254,674  
Amount of loans extended 1,680,000  
Federal income tax basis $ 14,460,000  
Threshold for reporting loans (as a percent) 3.00%  
Bridge loans    
SCHEDULE IV    
Fixed interest rate (as a percent) 8.17% 4.19%
Carrying value of loans $ 14,096,054  
Carrying Amount 13,917,783  
Bridge loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans 14,096,054  
Carrying Amount $ 13,917,783  
Mezzanine Loans    
SCHEDULE IV    
Fixed interest rate (as a percent) 8.13% 7.32%
Mezzanine Loans | Loans less than 3%    
SCHEDULE IV    
Prior Liens $ 911,086  
Carrying value of loans 213,499  
Carrying Amount $ 202,766  
Preferred equity investments    
SCHEDULE IV    
Fixed interest rate (as a percent) 7.63% 5.57%
Preferred equity investments | Loans less than 3%    
SCHEDULE IV    
Prior Liens $ 439,491  
Carrying value of loans 110,725  
Carrying Amount 98,502  
Other Loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans 35,845  
Carrying Amount 35,623  
Multifamily | Bridge loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans 12,830,999  
Carrying Amount $ 12,744,463  
Multifamily | Bridge loans | Loans less than 3% | Minimum    
SCHEDULE IV    
Fixed interest rate (as a percent) 3.83%  
Multifamily | Bridge loans | Loans less than 3% | Minimum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 2.50%  
Floor rate (as a percent) 0.10%  
Multifamily | Bridge loans | Loans less than 3% | Minimum | SOFR    
SCHEDULE IV    
Base spread (as a percent) 2.65%  
Floor rate (as a percent) 0.10%  
Multifamily | Bridge loans | Loans less than 3% | Maximum    
SCHEDULE IV    
Fixed interest rate (as a percent) 12.00%  
Multifamily | Bridge loans | Loans less than 3% | Maximum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 6.75%  
Floor rate (as a percent) 2.50%  
Multifamily | Bridge loans | Loans less than 3% | Maximum | SOFR    
SCHEDULE IV    
Base spread (as a percent) 5.00%  
Floor rate (as a percent) 4.32%  
Multifamily | Mezzanine Loans | Loans less than 3%    
SCHEDULE IV    
Prior Liens $ 880,697  
Carrying value of loans 194,621  
Carrying Amount $ 187,333  
Multifamily | Mezzanine Loans | Loans less than 3% | Minimum    
SCHEDULE IV    
Fixed interest rate (as a percent) 3.50%  
Multifamily | Mezzanine Loans | Loans less than 3% | Maximum    
SCHEDULE IV    
Fixed interest rate (as a percent) 13.00%  
Multifamily | Preferred equity investments | Loans less than 3%    
SCHEDULE IV    
Prior Liens $ 409,699  
Carrying value of loans 91,300  
Carrying Amount $ 88,695  
Multifamily | Preferred equity investments | Loans less than 3% | Minimum    
SCHEDULE IV    
Fixed interest rate (as a percent) 4.00%  
Multifamily | Preferred equity investments | Loans less than 3% | Maximum    
SCHEDULE IV    
Fixed interest rate (as a percent) 13.00%  
Land | Bridge loans | Loans less than 3%    
SCHEDULE IV    
Fixed interest rate (as a percent) 0.00%  
Carrying value of loans $ 118,595  
Carrying Amount $ 40,726  
Land | Bridge loans | Loans less than 3% | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 4.00%  
Floor rate (as a percent) 0.15%  
Land | Mezzanine Loans | Loans less than 3%    
SCHEDULE IV    
Fixed interest rate (as a percent) 0.00%  
Carrying value of loans $ 9,333  
Carrying Amount $ 9,333  
Land | Preferred equity investments | Loans less than 3%    
SCHEDULE IV    
Fixed interest rate (as a percent) 12.00%  
Carrying value of loans $ 8,100  
Carrying Amount 7,882  
Healthcare | Bridge loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans 65,627  
Carrying Amount $ 65,610  
Healthcare | Bridge loans | Loans less than 3% | Minimum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 5.00%  
Floor rate (as a percent) 2.15%  
Healthcare | Bridge loans | Loans less than 3% | Maximum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 5.35%  
Floor rate (as a percent) 2.63%  
Office | Bridge loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans $ 70,410  
Carrying Amount $ 69,948  
Office | Bridge loans | Loans less than 3% | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 3.50%  
Floor rate (as a percent) 0.29%  
Office | Preferred equity investments | Loans less than 3%    
SCHEDULE IV    
Fixed interest rate (as a percent) 0.00%  
Carrying value of loans $ 9,625  
Carrying Amount 1,925  
Hotel | Bridge loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans 40,850  
Carrying Amount $ 40,836  
Hotel | Bridge loans | Loans less than 3% | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 4.50%  
SingleFamily Rental | Bridge loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans $ 927,373  
Carrying Amount $ 916,498  
SingleFamily Rental | Bridge loans | Loans less than 3% | Minimum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 3.50%  
Floor rate (as a percent) 0.25%  
SingleFamily Rental | Bridge loans | Loans less than 3% | Minimum | SOFR    
SCHEDULE IV    
Base spread (as a percent) 2.65%  
Floor rate (as a percent) 0.10%  
SingleFamily Rental | Bridge loans | Loans less than 3% | Maximum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 6.75%  
Floor rate (as a percent) 2.25%  
SingleFamily Rental | Bridge loans | Loans less than 3% | Maximum | SOFR    
SCHEDULE IV    
Base spread (as a percent) 6.25%  
Floor rate (as a percent) 4.33%  
SingleFamily Rental | Other Loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans $ 35,845  
Carrying Amount $ 35,623  
SingleFamily Rental | Other Loans | Loans less than 3% | LIBOR    
SCHEDULE IV    
Floor rate (as a percent) 0.25%  
SingleFamily Rental | Other Loans | Loans less than 3% | Minimum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 3.98%  
SingleFamily Rental | Other Loans | Loans less than 3% | Maximum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 4.90%  
Student Housing | Bridge loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans $ 25,700  
Carrying Amount $ 25,589  
Student Housing | Bridge loans | Loans less than 3% | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 4.50%  
Student Housing | Bridge loans | Loans less than 3% | Minimum | LIBOR    
SCHEDULE IV    
Floor rate (as a percent) 0.25%  
Student Housing | Bridge loans | Loans less than 3% | Maximum | LIBOR    
SCHEDULE IV    
Floor rate (as a percent) 2.25%  
Retail | Bridge loans | Loans less than 3%    
SCHEDULE IV    
Carrying value of loans $ 16,500  
Carrying Amount $ 14,113  
Retail | Bridge loans | Loans less than 3% | Minimum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 3.50%  
Floor rate (as a percent) 1.00%  
Retail | Bridge loans | Loans less than 3% | Maximum | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 4.00%  
Floor rate (as a percent) 2.50%  
Retail | Mezzanine Loans | Loans less than 3%    
SCHEDULE IV    
Fixed interest rate (as a percent) 12.00%  
Prior Liens $ 30,389  
Carrying value of loans 9,545  
Carrying Amount $ 6,100  
Retail | Mezzanine Loans | Loans less than 3% | LIBOR    
SCHEDULE IV    
Base spread (as a percent) 3.50%  
Floor rate (as a percent) 1.00%  
Commercial | Preferred equity investments | Loans less than 3%    
SCHEDULE IV    
Fixed interest rate (as a percent) 6.00%  
Prior Liens $ 29,792  
Carrying value of loans $ 1,700