XML 57 R47.htm IDEA: XBRL DOCUMENT v3.24.3
Loans and Investments - Schedule of Allowance for Credit Losses (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
property
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
property
Sep. 30, 2023
USD ($)
Allowance for credit losses:        
Allowance for credit losses, beginning balance $ 238,923 $ 169,054 $ 195,664 $ 132,559
Provision for credit losses (net of recoveries) 12,637 15,015 57,884 51,510
Charge-offs (7,972)   (9,960)  
Allowance for credit losses, ending balance $ 243,588 184,069 $ 243,588 184,069
Number of foreclosed real estate properties | property 2   2  
Multifamily        
Allowance for credit losses:        
Allowance for credit losses, beginning balance $ 151,360 74,295 $ 110,847 37,961
Provision for credit losses (net of recoveries) 12,121 14,884 54,622 51,218
Charge-offs (7,972)   (9,960)  
Allowance for credit losses, ending balance $ 155,509 89,179 $ 155,509 89,179
Number of foreclosed real estate properties | property 2   2  
Charge-offs, foreclosed property $ 6,300   $ 6,300  
Land        
Allowance for credit losses:        
Allowance for credit losses, beginning balance 78,450 77,902 78,058 78,068
Provision for credit losses (net of recoveries) 311 60 703 (106)
Charge-offs 0   0  
Allowance for credit losses, ending balance 78,761 77,962 78,761 77,962
Single-Family Rental        
Allowance for credit losses:        
Allowance for credit losses, beginning balance 3,913 1,077 1,624 781
Provision for credit losses (net of recoveries) 307 162 2,596 458
Charge-offs 0   0  
Allowance for credit losses, ending balance 4,220 1,239 4,220 1,239
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
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 207 8,246 142 8,162
Provision for credit losses (net of recoveries) (102) (76) (37) 8
Charge-offs 0   0  
Allowance for credit losses, ending balance 105 8,170 105 8,170
Other        
Allowance for credit losses:        
Allowance for credit losses, beginning balance 0 15 0 68
Provision for credit losses (net of recoveries) 0 (15) 0 (68)
Charge-offs 0   0  
Allowance for credit losses, ending balance $ 0 $ 0 $ 0 $ 0