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Variable Interest Entity (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
USD ($)
entity
Dec. 31, 2023
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Assets:        
Restricted cash $ 546,643 $ 608,233 $ 704,844 $ 713,808
Loans and investments, net 12,001,544 12,377,806    
Other assets 499,998 490,281    
Total assets [1] 15,104,856 15,738,636    
Liabilities:        
Securitized debt 6,691,958 6,935,010    
Other liabilities 319,466 343,072    
Total liabilities [1] 11,870,548 12,484,031    
CLOs and Debt Fund        
Assets:        
Restricted cash 528,658 593,956    
Loans and investments, net 7,637,138 7,826,793    
Other assets 123,866 193,822    
Total assets 8,289,662 8,614,571    
Liabilities:        
Securitized debt 6,691,958 6,935,010    
Other liabilities 23,792 32,867    
Total liabilities 6,715,750 $ 6,967,877    
Unconsolidated VIEs        
Assets:        
Total assets $ 837,167      
Liabilities:        
Number of VIEs where the reporting entity is not VIE's primary beneficiary and VIEs have variable interest | entity 33      
Carrying amount of loans and investments before reserves related to VIEs $ 128,200      
Loan loss reserves related to VIEs 80,900      
Exposure to real estate debt 4,010,000      
Unconsolidated VIEs | Loans        
Assets:        
Total assets 636,297      
Unconsolidated VIEs | APL certificates        
Assets:        
Total assets 132,437      
Unconsolidated VIEs | Equity investments        
Assets:        
Total assets 37,726      
Unconsolidated VIEs | B Piece bonds        
Assets:        
Total assets 30,573      
Unconsolidated VIEs | Agency interest only strips        
Assets:        
Total assets $ 134      
[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 March 31, 2024 and December 31, 2023, assets of our consolidated VIEs totaled $8,289,662 and $8,614,571, respectively, and the liabilities of our consolidated VIEs totaled $6,715,750 and $6,967,877, respectively. See Note 14 for discussion of our VIEs