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Agreements and Transactions with Related Parties - 2020 Activity (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
USD ($)
property
Mar. 31, 2024
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2020
USD ($)
property
Dec. 31, 2024
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 $ 733,121 $ 313,557            
Interest income 240,693 321,292            
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 39,500              
Loans and investments funded, originated and purchased       $ 3,500        
Loan committed upsized           $ 39,900 $ 38,800  
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            
Multifamily                
Agreements and Transactions with Related Parties                
Number of real estate properties | property 9       4      
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 $ 1,000 1,000            
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%        
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 45,500              
Equity participation interest (as a percentage)     2.25%          
Base spread, percentage     4.63%          
SOFR floor, percentage     0.25%          
Interest income 1,000              
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 33,800              
Matures in April 2023 | Bridge loans | Other Related Party Transactions | Related Party                
Agreements and Transactions with Related Parties                
Interest income $ 1,000 $ 1,100            
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