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Loans and Investments - Allowance for Credit Losses (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
property
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Allowance for credit losses:      
Allowance for credit losses, beginning balance $ 195,664 $ 132,559 $ 113,241
Provision for credit losses (net of recoveries) 55,512 68,805 19,318
Charge-offs (12,209) (5,700)  
Allowance for credit losses, ending balance $ 238,967 195,664 132,559
Number of foreclosed real estate properties | property 3    
Multifamily      
Allowance for credit losses:      
Allowance for credit losses, beginning balance $ 110,847 37,961 18,707
Provision for credit losses (net of recoveries) 49,501 72,886 19,254
Charge-offs (12,209) 0  
Allowance for credit losses, ending balance 148,139 110,847 37,961
Charge-offs, foreclosed property $ 8,400    
Number of foreclosed real estate properties | property 2    
Land      
Allowance for credit losses:      
Allowance for credit losses, beginning balance $ 78,058 78,068 77,970
Provision for credit losses (net of recoveries) 72 (10) 98
Charge-offs 0 0  
Allowance for credit losses, ending balance 78,130 78,058 78,068
Retail      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 3,293 5,819 5,819
Provision for credit losses (net of recoveries) 0 (2,526) 0
Charge-offs 0 0  
Allowance for credit losses, ending balance 3,293 3,293 5,819
Commercial      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 1,700 1,700 1,700
Provision for credit losses (net of recoveries) 0 0 0
Charge-offs 0 0  
Allowance for credit losses, ending balance 1,700 1,700 1,700
Single-Family Rental      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 1,624 780 319
Provision for credit losses (net of recoveries) 5,900 844 461
Charge-offs 0 0  
Allowance for credit losses, ending balance 7,524 1,624 780
Office      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 142 8,162 8,073
Provision for credit losses (net of recoveries) 39 (2,320) 89
Charge-offs 0 (5,700)  
Allowance for credit losses, ending balance 181 142 8,162
Other      
Allowance for credit losses:      
Allowance for credit losses, beginning balance 0 69 653
Provision for credit losses (net of recoveries) 0 (69) (584)
Charge-offs 0 0  
Allowance for credit losses, ending balance $ 0 $ 0 $ 69