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Loans and Investments - Loan Resolution (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2024
USD ($)
Apr. 30, 2024
USD ($)
Sep. 30, 2023
Apr. 30, 2023
USD ($)
loan
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jun. 30, 2023
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Bridge loans, total UPB               $ 629,255 $ 427,929
Loans and investments         $ 11,565,538 $ 12,615,006   11,565,538 $ 12,615,006
Number of loans sold | loan       4          
Sale of Waco Property                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Proceeds from sale of real estate $ 12,300                
Loss on sale of loans 1,000                
Savannah Property                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Proceeds from sale of real estate 7,700                
Gain on sale of loans 300                
Loss on sale of loans 500                
Houston Properties                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Proceeds from sale of real estate   $ 101,300              
Bridge loans                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Bridge loans, total UPB   $ 100,300              
Bridge loans | Waco Property                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Bridge loans, total UPB $ 12,700                
Financing receivable, basis spread on variable rate 0.0375                
Financing receivable, floor interest rate 0.0010                
Financing receivable, after allowance for credit loss $ 11,300                
Loan loss reserves related to VIEs 1,500                
Loan reserve $ 1,000                
Bridge loans | Sale of Waco Property                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Financing receivable, floor interest rate 0.0525                
Loans and investments $ 12,300                
Bridge loans | Savannah Property                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Bridge loans, total UPB $ 7,300                
Financing receivable, basis spread on variable rate 0.0375                
Financing receivable, floor interest rate 0.0010                
Financing receivable, after allowance for credit loss $ 6,600                
Loan loss reserves related to VIEs 800                
Loan reserve 800                
Loans and investments $ 7,300                
Financing receivable, fixed interest rate 0.0400                
Financing receivable, fixed accrual rate 2.00%                
Bridge loans | Houston Properties                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Variable rate, spread   3.00%              
AWC Real Estate Opportunity Partners I LP                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Real estate investments, commitment, amount         9,400        
Independent Ownership Groups                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Real estate investments, commitment, amount         11,800        
Unconsolidated VIEs                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Loan loss reserves related to VIEs         88,100     88,100  
Unconsolidated VIEs | Houston Properties                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Proceeds from sale of real estate, capitalized amount   $ 15,000     $ 21,200     $ 21,200  
Unconsolidated VIEs | Bridge loans | Houston Properties                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Short-term debt   $ 95,300              
AWC Real Estate Opportunity Partners I LP                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Real estate investments, commitment, amount           $ 24,000      
Ownership interest, percentage         49.00%     49.00%  
Bridge loans                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Bridge loans, total UPB       $ 217,400          
Financing receivable, fixed interest rate     0.0300   0.0700        
Variable rate, spread             3.40%