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Investments in Equity Affiliates - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Apr. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
loan
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Investment in Equity Affiliates              
Income (loss) from equity affiliates   $ 2,793   $ 5,560 $ 4,211 $ 19,886  
Indirect ownership percentage         12.30%   12.30%
Payments to acquire interest in newly formed entity         $ 12,612 850  
Bridge loans, total UPB         592,543   $ 427,929
Number of investments purchased | loan     4        
Loans to affiliates, balance   $ 14,888     14,888    
Distributions from equity affiliates         $ 11,224 12,052  
Bridge loans              
Investment in Equity Affiliates              
Bridge loans, total UPB $ 100,300            
Houston Properties              
Investment in Equity Affiliates              
Proceeds from sale of real estate $ 101,300            
Houston Properties | Bridge loans              
Investment in Equity Affiliates              
Variable rate, spread 3.00%            
Capital Partner | AWC Real Estate Opportunity Partners I LP              
Investment in Equity Affiliates              
Subsidiary, non-controlling limited partnership interest   51.00%     51.00%    
General partnership, ownership interest   17.50%          
Unconsolidated VIEs | Houston Properties | Bridge loans              
Investment in Equity Affiliates              
Short-term debt $ 95,300            
AWC Real Estate Opportunity Partners I LP              
Investment in Equity Affiliates              
Real estate investments, commitment, amount   $ 6,300          
Arbor Residential Investor LLC              
Investment in Equity Affiliates              
Income (loss) from equity affiliates   (800)   3,500 $ 800 2,600  
Distribution received   7,700   7,500 $ 7,700 7,500  
Indirect ownership percentage         9.20%   9.20%
Loans to affiliates, balance   0     $ 0    
AMAC Holdings III LLC              
Investment in Equity Affiliates              
Distribution received       500   1,100  
Noncontrolling interest   2,600     2,600    
Loss on investment   700   500 1,200 900  
Loans to affiliates, balance   0     0    
Fifth Wall Ventures              
Investment in Equity Affiliates              
Income (loss) from equity affiliates   100   (200) 400 (200)  
Noncontrolling interest   200   300 700 600  
Loans to affiliates, balance   0     0    
AWC Real Estate Opportunity Partners I LP              
Investment in Equity Affiliates              
Income (loss) from equity affiliates   (200)          
Noncontrolling interest   100     8,500    
Real estate investments, commitment, amount     $ 24,000        
Real estate investments funded     $ 13,000       $ 13,000
Percentage of interest in real estate fund     0.990        
Loan to affiliate     $ 900        
General partnership interest     0.010        
Loan to affiliate, funded amount   $ 200     $ 200    
Ownership interest, percentage   49.00%     49.00%    
Payments for investments, legal, and administrative expenses     $ 14,300        
Loans to affiliates, balance   $ 13,200 13,200   $ 13,200   13,200
Distributions from equity affiliates   $ 11,200          
AWC Real Estate Opportunity Partners I LP | Federal National Mortgage Association (FNMA)              
Investment in Equity Affiliates              
Loans to affiliates, balance     13,000       $ 13,000
AWC Real Estate Opportunity Partners I LP | AWC Real Estate Opportunity Partners I LP              
Investment in Equity Affiliates              
Ownership interest, percentage   49.00%     49.00%    
AWC Real Estate Opportunity Partners I LP | Capital Partner              
Investment in Equity Affiliates              
Real estate investments, commitment, amount   $ 25,000          
Loan to affiliate, funded amount   $ 11,000     $ 11,000    
Newly Formed Entity | AWC Real Estate Opportunity Partners I LP              
Investment in Equity Affiliates              
Ownership interest, percentage   42.00%     42.00%    
Payments to acquire interest in newly formed entity   $ 6,300          
North Vermont Avenue | Newly Formed Entity              
Investment in Equity Affiliates              
Equity method investment, amount sold     $ 1,300        
The Park at Via Terrossa              
Investment in Equity Affiliates              
Ownership interest, percentage   4.96%     4.96%    
Loans to affiliates, balance   $ 0     $ 0    
The Park at Via Terrossa | Other Related Party Transactions              
Investment in Equity Affiliates              
Distribution from investment classified as return capital         600    
Lexford Portfolio              
Investment in Equity Affiliates              
Distribution received   4,200   $ 2,500 4,200 7,200  
Loans to affiliates, balance   $ 0     $ 0    
Equity Participation Interest              
Investment in Equity Affiliates              
Proceeds from sale           $ 11,000