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SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Prior Liens $ 1,672,775
Carrying value of loans 12,615,006
Carrying Amount 12,377,806
Amount of loans extended 1,740,000
Federal income tax basis $ 12,620,000
Threshold for reporting loans (as a percent) 3.00%
Bridge Loans  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Carrying value of loans $ 12,273,244
Carrying Amount 12,052,895
Bridge Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Carrying value of loans 12,273,244
Carrying Amount 12,052,895
Mezzanine Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Prior Liens 1,203,261
Carrying value of loans 248,457
Carrying Amount 238,441
Preferred Equity Investments | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Prior Liens 469,514
Carrying value of loans 85,741
Carrying Amount 78,930
Other Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Carrying value of loans 7,564
Carrying Amount 7,540
Multifamily | Bridge Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Carrying value of loans 10,789,936
Carrying Amount $ 10,665,252
Multifamily | Bridge Loans | Loans less than 3% | Minimum  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 3.00%
Multifamily | Bridge Loans | Loans less than 3% | Minimum | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 0.00%
Floor rate (as a percent) 0.10%
Multifamily | Bridge Loans | Loans less than 3% | Maximum  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 12.00%
Multifamily | Bridge Loans | Loans less than 3% | Maximum | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 5.75%
Floor rate (as a percent) 5.36%
Multifamily | Mezzanine Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Prior Liens $ 1,203,261
Carrying value of loans 232,104
Carrying Amount $ 223,008
Multifamily | Mezzanine Loans | Loans less than 3% | Minimum  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 3.50%
Multifamily | Mezzanine Loans | Loans less than 3% | Maximum  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 14.00%
Multifamily | Preferred Equity Investments | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Prior Liens $ 439,722
Carrying value of loans 75,941
Carrying Amount $ 71,020
Multifamily | Preferred Equity Investments | Loans less than 3% | Minimum  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 0.00%
Multifamily | Preferred Equity Investments | Loans less than 3% | Maximum  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 16.00%
Single‑Family Rental | Bridge Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Carrying value of loans $ 1,316,803
Carrying Amount $ 1,301,522
Single‑Family Rental | Bridge Loans | Loans less than 3% | Minimum | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 0.00%
Floor rate (as a percent) 0.10%
Single‑Family Rental | Bridge Loans | Loans less than 3% | Maximum | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 6.25%
Floor rate (as a percent) 5.36%
Single‑Family Rental | Other Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Carrying value of loans $ 7,564
Carrying Amount $ 7,540
Single‑Family Rental | Other Loans | Loans less than 3% | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Floor rate (as a percent) 0.25%
Single‑Family Rental | Other Loans | Loans less than 3% | Minimum | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 3.98%
Single‑Family Rental | Other Loans | Loans less than 3% | Maximum | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 4.90%
Land | Bridge Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
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% | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 4.00%
Floor rate (as a percent) 0.15%
Land | Mezzanine Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
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%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 0.00%
Carrying value of loans $ 8,100
Carrying Amount 7,910
Office | Bridge Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Carrying value of loans 35,410
Carrying Amount $ 35,268
Office | Bridge Loans | Loans less than 3% | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 3.50%
Retail | Bridge Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Carrying value of loans $ 12,500
Carrying Amount $ 10,127
Retail | Bridge Loans | Loans less than 3% | Minimum | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 3.50%
Floor rate (as a percent) 1.00%
Retail | Mezzanine Loans | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 12.00%
Prior Liens $ 0
Carrying value of loans 7,020
Carrying Amount $ 6,100
Retail | Mezzanine Loans | Loans less than 3% | Secured Overnight Financing Rate (SOFR)  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Base spread (as a percent) 3.50%
Floor rate (as a percent) 1.00%
Commercial | Preferred Equity Investments | Loans less than 3%  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]  
Fixed interest rate (as a percent) 6.00%
Prior Liens $ 29,792
Carrying value of loans $ 1,700