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Loans and Investments - Investment Portfolio and Concentration of Credit Risk (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2023
USD ($)
Jun. 30, 2023
USD ($)
loan
Dec. 31, 2022
USD ($)
loan
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Loans and Investments            
Loans and investments, gross   $ 13,491,607 $ 14,456,123      
Allowance for credit losses $ (153,077) (169,054) (132,559) $ (121,331) $ (116,382) $ (113,241)
Unearned revenue   (51,194) (68,890)      
Loans and investments, net   $ 13,271,359 $ 14,254,674      
Percent of Total   100.00% 100.00%      
Loan Count | loan   706 747      
Wtd. Avg. Pay Rate (as a percent)   8.76% 8.17%      
Wtd. Avg. Remaining Months to Maturity   17 months 6 days 20 months 18 days      
Wtd. Avg. First Dollar LTV Ratio (as percent)   1.00% 1.00%      
Wtd. Avg. Last Dollar LTV Ratio (as percent)   76.00% 76.00%      
Single-Family Rental            
Loans and Investments            
Allowance for credit losses (973) $ (1,077) $ (781) $ (725) $ (421) $ (320)
Bridge loans            
Loans and Investments            
Loans and investments, gross   $ 13,168,302 $ 14,096,054      
Percent of Total   98.00% 98.00%      
Loan Count | loan   652 692      
Wtd. Avg. Pay Rate (as a percent)   8.78% 8.17%      
Wtd. Avg. Remaining Months to Maturity   16 months 12 days 19 months 24 days      
Wtd. Avg. First Dollar LTV Ratio (as percent)   0.00% 0.00%      
Wtd. Avg. Last Dollar LTV Ratio (as percent)   76.00% 76.00%      
Bridge loans | Single-Family Rental            
Loans and Investments            
Number of loans under the loan portfolio | loan   275 241      
Total loan commitment $ 1,570,000 $ 1,730,000        
Mezzanine loans            
Loans and Investments            
Loans and investments, gross   $ 223,087 $ 213,499      
Percent of Total   1.00% 1.00%      
Loan Count | loan   45 44      
Wtd. Avg. Pay Rate (as a percent)   8.35% 8.13%      
Wtd. Avg. Remaining Months to Maturity   57 months 27 days 63 months 3 days      
Wtd. Avg. First Dollar LTV Ratio (as percent)   44.00% 42.00%      
Wtd. Avg. Last Dollar LTV Ratio (as percent)   80.00% 77.00%      
Preferred equity investments            
Loans and Investments            
Loans and investments, gross   $ 89,725 $ 110,725      
Percent of Total   1.00% 1.00%      
Loan Count | loan   7 8      
Wtd. Avg. Pay Rate (as a percent)   6.56% 7.63%      
Wtd. Avg. Remaining Months to Maturity   44 months 21 days 39 months 6 days      
Wtd. Avg. First Dollar LTV Ratio (as percent)   48.00% 46.00%      
Wtd. Avg. Last Dollar LTV Ratio (as percent)   87.00% 79.00%      
Other loans            
Loans and Investments            
Loans and investments, gross   $ 10,493 $ 35,845      
Percent of Total   1.00% 1.00%      
Loan Count | loan   2 3      
Wtd. Avg. Pay Rate (as a percent)   9.60% 8.76%      
Wtd. Avg. Remaining Months to Maturity   18 months 9 days 32 months 24 days      
Wtd. Avg. First Dollar LTV Ratio (as percent)   0.00% 0.00%      
Wtd. Avg. Last Dollar LTV Ratio (as percent)   62.00% 58.00%      
Other loans | Single-Family Rental            
Loans and Investments            
Number of loans under the loan portfolio | loan   2 3      
Unpaid principal balance, funded   $ 1,020,000 $ 927,400