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Agreements and Transactions with Related Parties - 2020 Activity (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2020
USD ($)
property
Nov. 30, 2023
USD ($)
Apr. 30, 2023
USD ($)
Dec. 31, 2021
USD ($)
Agreements and Transactions with Related Parties                  
Loans and investments funded, originated and purchased     $ 615,518 $ 867,804          
Interest income $ 297,188 $ 335,737 618,480 663,685          
Related Party                  
Agreements and Transactions with Related Parties                  
Amount invested                 $ 4,200
Bridge loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Equity participation interest (as a percentage)           18.90%      
Bridge loans | Other Related Party Transactions | Immediate Family Member of Management or Principal Owner                  
Agreements and Transactions with Related Parties                  
Equity participation interest (as a percentage)           21.80%      
Single-Family Rental | Bridge loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Loan committed     38,900            
Loans and investments funded, originated and purchased           $ 3,500      
Loan committed upsized             $ 39,900 $ 38,900  
Single-Family Rental | Preferred equity investments | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Loans and investments funded, originated and purchased           $ 4,600      
Single-Family Rental | Mezzanine Loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Interest income 100 100 200 100          
Maturity Date December 2023 | Other Related Party Transactions | Immediate Family Member of Management or Principal Owner | Preferred equity interest financing agreement                  
Agreements and Transactions with Related Parties                  
Interest income 1,100   2,100            
Maturity Date December 2023 | Bridge loans | Other Related Party Transactions | Immediate Family Member of Management or Principal Owner                  
Agreements and Transactions with Related Parties                  
Base spread, percentage           3.75%      
SOFR floor, percentage           0.75%      
Interest income   600   1,200          
Maturity Date December 2023 | Preferred equity investments | Other Related Party Transactions | Immediate Family Member of Management or Principal Owner                  
Agreements and Transactions with Related Parties                  
Fixed rate of interest           12.00%      
Maturity Date December 2023 | Single-Family Rental | Bridge loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Loan committed           $ 32,500      
Maturity date of May 2025 | Bridge loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Loan committed     10,600            
Equity participation interest (as a percentage)         2.25%        
Base spread, percentage         4.63%        
SOFR floor, percentage         0.25%        
Interest income 300   400            
Principal amount         $ 67,100        
Maturity date of May 2025 | Single-Family Rental | Bridge loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Loan committed           $ 30,500      
Matures in May 2023 | Bridge loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Base spread, percentage           4.25%      
SOFR floor, percentage           1.00%      
Amount invested 35,200   35,200            
Matures in April 2023 | Bridge loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Interest income 1,100 $ 800 2,300 $ 1,500          
Matures in April 2023 | Preferred equity investments | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Fixed rate of interest           12.00%      
Maturity Date April 2030 | Bridge loan, two multifamily properties | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Principal amount           $ 14,800      
Percentage of ownership interest of related party in the entity           50.00%      
Maturity Date April 2030 | Mezzanine Loans | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Fixed rate of interest           9.00%      
Maturity Date April 2030 | Multifamily | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Number of real estate properties | property           2      
Maturity Date April 2030 | Multifamily | Preferred equity investments | Other Related Party Transactions | Related Party                  
Agreements and Transactions with Related Parties                  
Equity investment           $ 3,400      
Maturity Date July 2023 | Bridge loans | Related Party                  
Agreements and Transactions with Related Parties                  
Principal amount 35,000   35,000            
Maturity Date June 2027 | Preferred equity investments | Related Party                  
Agreements and Transactions with Related Parties                  
Equity investment $ 10,000   $ 10,000