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Agreements and Transactions with Related Parties - 2020 Activity (Details)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
USD ($)
property
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
property
Sep. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2020
USD ($)
property
Dec. 31, 2023
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     $ 912,530 $ 1,061,865            
Interest income $ 286,522 $ 336,474 905,002 1,000,159            
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     39,400              
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 $ 200 200            
Multifamily                    
Agreements and Transactions with Related Parties                    
Number of real estate properties | property 3   3       1      
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   $ 3,200              
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   800   2,000            
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     22,500              
Equity participation interest (as a percentage)         2.25%          
Base spread, percentage         4.63%          
SOFR floor, percentage         0.25%          
Interest income 500   900              
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 $ 1,000 3,300 $ 2,500            
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