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Loans and Investments - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | $ 211,942 | $ 153,077 | $ 195,664 | $ 132,559
Provision for credit losses (net of recoveries) | 27,469 | 15,977 | 45,247 | 36,495
Charge-offs | (488) |  | (1,988) |
Allowance for credit losses, ending balance | 238,923 | 169,054 | 238,923 | 169,054
Multifamily |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 125,999 | 58,348 | 110,847 | 37,961
Provision for credit losses (net of recoveries) | 25,849 | 15,947 | 42,501 | 36,334
Charge-offs | (488) |  | (1,988) |
Allowance for credit losses, ending balance | 151,360 | 74,295 | 151,360 | 74,295
Land |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 78,120 | 78,086 | 78,058 | 78,068
Provision for credit losses (net of recoveries) | 330 | (184) | 392 | (166)
Charge-offs | 0 |  | 0 |
Allowance for credit losses, ending balance | 78,450 | 77,902 | 78,450 | 77,902
Retail |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 3,293 | 5,819 | 3,293 | 5,819
Provision for credit losses (net of recoveries) | 0 | 0 | 0 | 0
Charge-offs | 0 |  | 0 |
Allowance for credit losses, ending balance | 3,293 | 5,819 | 3,293 | 5,819
Single-Family Rental |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 2,737 | 973 | 1,624 | 781
Provision for credit losses (net of recoveries) | 1,176 | 104 | 2,289 | 296
Charge-offs | 0 |  | 0 |
Allowance for credit losses, ending balance | 3,913 | 1,077 | 3,913 | 1,077
Commercial |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 1,700 | 1,700 | 1,700 | 1,700
Provision for credit losses (net of recoveries) | 0 | 0 | 0 | 0
Charge-offs | 0 |  | 0 |
Allowance for credit losses, ending balance | 1,700 | 1,700 | 1,700 | 1,700
Office |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 93 | 8,106 | 142 | 8,162
Provision for credit losses (net of recoveries) | 114 | 140 | 65 | 84
Charge-offs | 0 |  | 0 |
Allowance for credit losses, ending balance | 207 | 8,246 | 207 | 8,246
Other |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 0 | 45 | 0 | 68
Provision for credit losses (net of recoveries) | 0 | (30) | 0 | (53)
Charge-offs | 0 |  | 0 |
Allowance for credit losses, ending balance | $ 0 | $ 15 | $ 0 | $ 15

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