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Loans and Investments - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jul. 31, 2022
USD ($)
loan
Jun. 30, 2023
USD ($)
loan
Mar. 31, 2023
USD ($)
loan
borrower
Jun. 30, 2022
USD ($)
loan
Jun. 30, 2023
USD ($)
loan
borrower
Jun. 30, 2022
USD ($)
loan
Dec. 31, 2022
USD ($)
loan
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Loans and Investments                  
Number of loans | loan         706   747    
Provision for credit losses   $ 15,977   $ 4,949 $ 36,495 $ 8,090      
Accrued interest receivable related to loans   $ 111,600     $ 111,600   $ 108,500    
Number of loans for which no provision for loan loss made | loan   0     0   0    
Loans and investments, allowance for credit losses   $ 169,054 $ 153,077 $ 121,331 $ 169,054 121,331 $ 132,559 $ 116,382 $ 113,241
Interest income recognized on nonaccrual loans         $ 1,400 $ 0      
Number of loans sold | loan         4        
Bridge loans, total UPB         $ 238,962   157,960    
Loan modification, refinancing, and extensions | loan   0   0 0 0      
Interest reserve         $ 123,000   $ 123,700    
Number of loans covered under interest reserve | loan   483     483   480    
Aggregate UPB covered under interest reserve   $ 7,780,000     $ 7,780,000   $ 7,700,000    
Bridge Loan and Mezzanine Loan                  
Loans and Investments                  
Bridge loan and mezzanine loans sold       $ 110,500   $ 110,500      
Loans, purchased with credit deterioration, discount (premium)       102,200          
Capital released       66,300   66,300      
Fees and expenses on mortgage loan       9,200          
Recovery of additional potential loan       2,800   2,800      
Bridge loans                  
Loans and Investments                  
Number of loans | loan         652   692    
Number of loans sold | loan 4                
Bridge loans, total UPB $ 296,900 $ 182,000     $ 217,400        
Capital released $ 78,000                
Unrealized impairment loss       2,000          
Number of loans repurchased | loan   2,000,000              
Six loans collateralized by a land development project                  
Loans and Investments                  
Number of loans with unpaid principal balance | loan   6     6        
Unpaid principal balance on loans   $ 121,400     $ 121,400        
Five loans collateralized by a land development project                  
Loans and Investments                  
Number of loans with unpaid principal balance | loan   5     5        
Unpaid principal balance on loans   $ 112,000     $ 112,000        
Weighted average accrual rate of interest (as a percent)         7.91%        
Loans collateralized by a land development project                  
Loans and Investments                  
Loans and investments, allowance for credit losses   71,400     $ 71,400   $ 71,400    
Non-performing loans                  
Loans and Investments                  
Number of loans | loan         7   4    
Carrying value of loans   112,300     $ 112,300   $ 2,600    
Loan loss reserves   10,100     10,100   5,100    
Bridge loans, total UPB         124,436   7,750    
Non-performing loans | Greater Than 90 Days Past Due                  
Loans and Investments                  
Interest receivable   0     0   0    
Land                  
Loans and Investments                  
Provision for credit losses   (184)   (22) (166) (52)      
Outstanding unfunded commitments   965,700     965,700   1,150,000    
Loans and investments, allowance for credit losses   $ 77,902 $ 78,086 $ 77,918 77,902 $ 77,918 78,068 $ 77,940 $ 77,970
Bridge loans, total UPB         $ 134,215   $ 134,215    
Total Assets | Credit risk concentration                  
Loans and Investments                  
Number of loans | loan     38   87        
Number of different borrowers | borrower     5   5        
Total Assets | Credit risk concentration | Five Borrowers                  
Loans and Investments                  
Concentration risk, percentage     11.00%   12.00%        
Loans and investments portfolio | Credit risk concentration | Texas                  
Loans and Investments                  
Concentration risk, percentage     22.00%   23.00%        
Loans and investments portfolio | Credit risk concentration | Florida                  
Loans and Investments                  
Concentration risk, percentage     14.00%   16.00%