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Loans and Investments - Risk Ratings and LTV Ratios (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Loans and Investments    
Loans and investments, gross $ 11,304,956 $ 12,615,006
Percentage of Portfolio 100.00% 100.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 2.00% 1.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 80.00% 78.00%
Charge-offs, Year One $ 464 $ 0
Charge-offs, Year Two 0 0
Charge-offs, Year Three 4,077 0
Charge-offs, Year Four 7,668 0
Charge-offs, Year Five 0 0
Charge-offs, Prior Years 0 5,700
Charge-offs, Total 12,209 5,700
Credit Risk Concentration    
Loans and Investments    
Origination Year One 1,439,313 752,918
Origination Year Two 867,191 5,324,481
Origination Year Three 4,281,700 5,581,489
Origination Year Four 3,998,292 488,628
Origination Year Five 305,395 239,648
Origination, Prior Years 413,065 227,842
Loans and investments, gross $ 11,304,956 $ 12,615,006
Wtd. Avg. First Dollar LTV Ratio (as percent) 2.00% 1.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 80.00% 78.00%
Multifamily | Credit Risk Concentration    
Loans and Investments    
Origination Year One $ 758,030 $ 422,596
Origination Year Two 382,068 4,813,671
Origination Year Three 3,775,325 5,217,946
Origination Year Four 3,796,634 325,426
Origination Year Five 136,670 239,648
Origination, Prior Years 263,917 78,694
Loans and investments, gross $ 9,112,644 $ 11,097,981
Percentage of Portfolio 81.00% 88.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 2.00% 1.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 83.00% 80.00%
Multifamily | Credit Risk Concentration | Pass    
Loans and Investments    
Origination Year One $ 308,228 $ 80,814
Origination Year Two 41,713 53,316
Origination Year Three 69,000 26,185
Origination Year Four 10,205 2,010
Origination Year Five 2,010 4,598
Origination, Prior Years 24,823 20,300
Loans and investments, gross 455,979 187,223
Multifamily | Credit Risk Concentration | Pass/Watch    
Loans and Investments    
Origination Year One 357,724 317,358
Origination Year Two 308,353 2,561,938
Origination Year Three 1,012,593 2,223,155
Origination Year Four 462,709 119,860
Origination Year Five 119,860 84,600
Origination, Prior Years 113,100 58,044
Loans and investments, gross 2,374,339 5,364,955
Multifamily | Credit Risk Concentration | Special Mention    
Loans and Investments    
Origination Year One 79,618 24,424
Origination Year Two 31,344 1,762,539
Origination Year Three 2,340,782 2,631,689
Origination Year Four 2,958,064 180,750
Origination Year Five 0 140,685
Origination, Prior Years 94,529 350
Loans and investments, gross 5,504,337 4,740,437
Multifamily | Credit Risk Concentration | Substandard    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 658 435,878
Origination Year Three 159,100 322,987
Origination Year Four 206,277 8,006
Origination Year Five 0 0
Origination, Prior Years 21,700 0
Loans and investments, gross 387,735 766,871
Multifamily | Credit Risk Concentration | Doubtful    
Loans and Investments    
Origination Year One 12,460 0
Origination Year Two 0 0
Origination Year Three 193,850 13,930
Origination Year Four 159,379 14,800
Origination Year Five 14,800 9,765
Origination, Prior Years 9,765 0
Loans and investments, gross 390,254 38,495
Single-Family Rental | Credit Risk Concentration    
Loans and Investments    
Origination Year One 674,001 330,322
Origination Year Two 485,123 510,810
Origination Year Three 506,375 363,543
Origination Year Four 201,658 119,692
Origination Year Five 129,815 0
Origination, Prior Years 0 0
Loans and investments, gross $ 1,996,972 $ 1,324,367
Percentage of Portfolio 18.00% 10.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 61.00% 62.00%
Single-Family Rental | Credit Risk Concentration | Pass    
Loans and Investments    
Origination Year One $ 246,234 $ 9,709
Origination Year Two 32,875 608
Origination Year Three 10,683 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 0 0
Loans and investments, gross 289,792 10,317
Single-Family Rental | Credit Risk Concentration | Pass/Watch    
Loans and Investments    
Origination Year One 422,063 289,482
Origination Year Two 410,419 465,057
Origination Year Three 356,567 144,846
Origination Year Four 94,503 119,692
Origination Year Five 41,848 0
Origination, Prior Years 0 0
Loans and investments, gross 1,325,400 1,019,077
Single-Family Rental | Credit Risk Concentration | Special Mention    
Loans and Investments    
Origination Year One 0 31,131
Origination Year Two 31,043 45,145
Origination Year Three 139,125 218,697
Origination Year Four 107,155 0
Origination Year Five 87,967 0
Origination, Prior Years 0 0
Loans and investments, gross 365,290 294,973
Single-Family Rental | Credit Risk Concentration | Doubtful    
Loans and Investments    
Origination Year One 5,704  
Origination Year Two 10,786  
Origination Year Three 0  
Origination Year Four 0  
Origination Year Five 0  
Origination, Prior Years 0  
Loans and investments, gross 16,490  
Land | Credit Risk Concentration    
Loans and Investments    
Origination Year One 7,282 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 8,100
Origination Year Five 3,500 0
Origination, Prior Years 127,928 127,928
Loans and investments, gross $ 138,710 $ 136,028
Percentage of Portfolio 1.00% 1.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 96.00% 97.00%
Land | Credit Risk Concentration | Pass    
Loans and Investments    
Origination Year One $ 7,282  
Origination Year Two 0  
Origination Year Three 0  
Origination Year Four 0  
Origination Year Five 0  
Origination, Prior Years 0  
Loans and investments, gross 7,282  
Land | Credit Risk Concentration | Pass/Watch    
Loans and Investments    
Origination Year One   $ 0
Origination Year Two   0
Origination Year Three   0
Origination Year Four   4,600
Origination Year Five   0
Origination, Prior Years   0
Loans and investments, gross   4,600
Land | Credit Risk Concentration | Special Mention    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 3,500
Origination Year Five 3,500 0
Origination, Prior Years 0 0
Loans and investments, gross 3,500 3,500
Land | Credit Risk Concentration | Substandard    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 127,928 127,928
Loans and investments, gross 127,928 127,928
Office | Credit Risk Concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 35,410
Origination Year Five 35,410 0
Origination, Prior Years 0 0
Loans and investments, gross $ 35,410 $ 35,410
Percentage of Portfolio 1.00% 100.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 94.00% 80.00%
Office | Credit Risk Concentration | Special Mention    
Loans and Investments    
Origination Year One $ 0 $ 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 35,410
Origination Year Five 35,410 0
Origination, Prior Years 0 0
Loans and investments, gross 35,410 35,410
Retail | Credit Risk Concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 19,520 19,520
Loans and investments, gross $ 19,520 $ 19,520
Percentage of Portfolio 1.00% 100.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 88.00% 88.00%
Retail | Credit Risk Concentration | Substandard    
Loans and Investments    
Origination Year One $ 0 $ 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 19,520 19,520
Loans and investments, gross 19,520 19,520
Commercial | Credit Risk Concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 1,700 1,700
Loans and investments, gross $ 1,700 $ 1,700
Percentage of Portfolio 1.00% 100.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 63.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 100.00% 66.00%
Commercial | Credit Risk Concentration | Doubtful    
Loans and Investments    
Origination Year One $ 0 $ 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 1,700 1,700
Loans and investments, gross $ 1,700 $ 1,700