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Loans and Investments - Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Allowance for credit losses:      
Allowance for credit losses, beginning balance $ 132,559 $ 113,241 $ 148,329
Provision for credit losses (net of recoveries) 68,805 19,318 (24,315)
Charge-offs (5,700)   (10,773)
Allowance for credit losses, ending balance 195,664 132,559 113,241
Multifamily      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 37,961 18,707 36,468
Provision for credit losses (net of recoveries) 72,886 19,254 (17,761)
Charge-offs 0   0
Allowance for credit losses, ending balance 110,847 37,961 18,707
Land      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 78,068 77,970 78,150
Provision for credit losses (net of recoveries) (10) 98 (180)
Charge-offs 0   0
Allowance for credit losses, ending balance 78,058 78,068 77,970
Retail      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 5,819 5,819 13,861
Provision for credit losses (net of recoveries) (2,526) 0 (42)
Charge-offs 0   (8,000)
Allowance for credit losses, ending balance 3,293 5,819 5,819
Commercial      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 1,700 1,700 1,700
Provision for credit losses (net of recoveries) 0 0 0
Charge-offs 0   0
Allowance for credit losses, ending balance 1,700 1,700 1,700
Single- Family Rental      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 780 319 586
Provision for credit losses (net of recoveries) 844 461 (267)
Charge-offs 0   0
Allowance for credit losses, ending balance 1,624 780 319
Office      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 8,162 8,073 1,846
Provision for credit losses (net of recoveries) (2,320) 89 6,227
Charge-offs (5,700)   0
Allowance for credit losses, ending balance 142 8,162 8,073
Other      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 69 653 15,718
Provision for credit losses (net of recoveries) (69) (584) (12,292)
Charge-offs 0   (2,773)
Allowance for credit losses, ending balance $ 0 $ 69 $ 653