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Loans and Investments - Risk Ratings and LTV Ratios (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Loans and Investments    
Loans and investments, gross $ 13,122,395 $ 14,456,123
Percentage of Portfolio 100.00% 100.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 1.00% 1.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 77.00% 76.00%
Credit risk concentration    
Loans and Investments    
Origination Year 2023 $ 955,334  
Origination Year 2022 5,120,395  
Origination year 2021 6,002,364  
Origination Year 2020 481,079  
Origination Year 2019 287,831  
Origination Year Prior 275,392  
Loans and investments, gross $ 13,122,395  
Wtd. Avg. First Dollar LTV Ratio (as percent) 1.00%  
Wtd. Avg. Last Dollar LTV Ratio (as percent) 77.00%  
Multifamily | Credit risk concentration    
Loans and Investments    
Origination Year 2023 $ 771,150  
Origination Year 2022 4,631,080  
Origination year 2021 5,634,336  
Origination Year 2020 326,719  
Origination Year 2019 262,866  
Origination Year Prior 78,694  
Loans and investments, gross $ 11,704,845  
Percentage of Portfolio 89.00%  
Wtd. Avg. First Dollar LTV Ratio (as percent) 1.00%  
Wtd. Avg. Last Dollar LTV Ratio (as percent) 78.00%  
Multifamily | Pass | Credit risk concentration    
Loans and Investments    
Origination Year 2023 $ 97,186  
Origination Year 2022 131,266  
Origination year 2021 97,269  
Origination Year 2020 2,010  
Origination Year Prior 20,300  
Loans and investments, gross 348,031  
Multifamily | Pass/Watch | Credit risk concentration    
Loans and Investments    
Origination Year 2023 673,165  
Origination Year 2022 2,378,519  
Origination year 2021 3,015,502  
Origination Year 2020 81,560  
Origination Year 2019 112,416  
Origination Year Prior 58,394  
Loans and investments, gross 6,319,556  
Multifamily | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year 2023 799  
Origination Year 2022 1,830,803  
Origination year 2021 2,353,938  
Origination Year 2020 219,050  
Origination Year 2019 140,685  
Origination Year Prior 0  
Loans and investments, gross 4,545,275  
Multifamily | Substandard | Credit risk concentration    
Loans and Investments    
Origination Year 2022 290,492  
Origination year 2021 153,697  
Origination Year 2020 24,099  
Origination Year 2019 0  
Origination Year Prior 0  
Loans and investments, gross 468,288  
Multifamily | Doubtful | Credit risk concentration    
Loans and Investments    
Origination year 2021 13,930  
Origination Year 2019 9,765  
Loans and investments, gross 23,695  
Single-Family Rental | Credit risk concentration    
Loans and Investments    
Origination Year 2023 184,184  
Origination Year 2022 489,315  
Origination year 2021 368,028  
Origination Year 2020 110,850  
Origination Year 2019 20,965  
Loans and investments, gross $ 1,173,342  
Percentage of Portfolio 9.00%  
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00%  
Wtd. Avg. Last Dollar LTV Ratio (as percent) 63.00%  
Single-Family Rental | Pass | Credit risk concentration    
Loans and Investments    
Origination Year 2023 $ 22,208  
Origination year 2021 0  
Origination Year 2020 0  
Loans and investments, gross 22,208  
Single-Family Rental | Pass/Watch | Credit risk concentration    
Loans and Investments    
Origination Year 2023 161,976  
Origination Year 2022 466,391  
Origination year 2021 355,176  
Origination Year 2020 86,347  
Origination Year 2019 20,965  
Loans and investments, gross 1,090,855  
Single-Family Rental | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year 2022 22,924  
Origination year 2021 12,852  
Origination Year 2020 24,503  
Loans and investments, gross 60,279  
Land | Credit risk concentration    
Loans and Investments    
Origination Year 2020 8,100  
Origination Year Prior 127,928  
Loans and investments, gross $ 136,028  
Percentage of Portfolio 1.00%  
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00%  
Wtd. Avg. Last Dollar LTV Ratio (as percent) 98.00%  
Land | Pass/Watch | Credit risk concentration    
Loans and Investments    
Origination Year 2020 $ 4,600  
Loans and investments, gross 4,600  
Land | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year 2020 3,500  
Loans and investments, gross 3,500  
Land | Substandard | Credit risk concentration    
Loans and Investments    
Origination Year Prior 127,928  
Loans and investments, gross 127,928  
Office | Credit risk concentration    
Loans and Investments    
Origination Year 2020 35,410  
Origination Year Prior 45,025  
Loans and investments, gross $ 80,435  
Percentage of Portfolio 1.00%  
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00%  
Wtd. Avg. Last Dollar LTV Ratio (as percent) 90.00%  
Office | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year 2020 $ 35,410  
Loans and investments, gross 35,410  
Office | Substandard | Credit risk concentration    
Loans and Investments    
Origination Year Prior 45,025  
Loans and investments, gross 45,025  
Retail | Credit risk concentration    
Loans and Investments    
Origination Year 2019 4,000  
Origination Year Prior 22,045  
Loans and investments, gross $ 26,045  
Percentage of Portfolio 1.00%  
Wtd. Avg. First Dollar LTV Ratio (as percent) 11.00%  
Wtd. Avg. Last Dollar LTV Ratio (as percent) 71.00%  
Retail | Pass/Watch | Credit risk concentration    
Loans and Investments    
Origination Year 2019 $ 4,000  
Loans and investments, gross 4,000  
Retail | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year Prior 3,445  
Loans and investments, gross 3,445  
Retail | Substandard | Credit risk concentration    
Loans and Investments    
Origination Year Prior 18,600  
Loans and investments, gross $ 18,600  
Other    
Loans and Investments    
Percentage of Portfolio 1.00%  
Other | Credit risk concentration    
Loans and Investments    
Origination Year Prior $ 1,700  
Loans and investments, gross $ 1,700  
Wtd. Avg. First Dollar LTV Ratio (as percent) 63.00%  
Wtd. Avg. Last Dollar LTV Ratio (as percent) 63.00%  
Other | Doubtful | Credit risk concentration    
Loans and Investments    
Origination Year Prior $ 1,700  
Loans and investments, gross $ 1,700