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Variable Interest Entity (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
USD ($)
entity
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Assets:        
Restricted cash $ 608,233 $ 713,808 $ 486,690 $ 197,470
Loans and investments, net 12,377,806 14,254,674 $ 11,981,048 $ 5,285,868
Other assets 490,281 371,440    
Total assets [1] 15,738,636 17,038,985    
Liabilities:        
Securitized debt 6,935,010 7,849,270    
Other liabilities 343,072 335,789    
Total liabilities [1] 12,484,031 13,967,106    
Carrying amount of loans and investments before reserves related to VIEs 12,615,006      
CLOs and Debt Fund        
Assets:        
Restricted cash 593,956 710,775    
Loans and investments, net 7,826,793 8,900,104    
Other assets 193,822 174,382    
Total assets 8,614,571 9,785,261    
Liabilities:        
Securitized debt 6,935,010 7,849,270    
Other liabilities 32,867 26,754    
Total liabilities 6,967,877 $ 7,876,024    
Unconsolidated VIEs        
Assets:        
Total assets $ 716,488      
Liabilities:        
Number of VIEs where the reporting entity is not VIE's primary beneficiary and VIEs have variable interest | entity 31      
Carrying amount of loans and investments before reserves related to VIEs $ 127,900      
Loan loss reserves related to VIEs 77,900      
Exposure to real estate debt 3,910,000      
Loans | Unconsolidated VIEs        
Assets:        
Total assets 524,915      
APL certificates | Unconsolidated VIEs        
Assets:        
Total assets 131,137      
B Piece bonds | Unconsolidated VIEs        
Assets:        
Total assets 30,398      
Equity investments | Unconsolidated VIEs        
Assets:        
Total assets 29,876      
Agency interest only strips | Unconsolidated VIEs        
Assets:        
Total assets $ 162      
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At December 31, 2023 and 2022, assets of our consolidated VIEs totaled $8,614,571 and $9,785,261, respectively, and the liabilities of our consolidated VIEs totaled $6,967,876 and $7,876,024, respectively. See Note 15 for discussion of our VIEs.