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Investments in Equity Affiliates (Tables)
 6 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Equity Method Investments
We account for all investments in equity affiliates under the equity method. A summary of these investments is as follows (in thousands):
Investments in Equity Affiliates atUPB of Loans to Equity Affiliates at June 30, 2025
Equity Affiliates June 30, 2025December 31, 2024
Arbor Residential Investor LLC$16,367 $23,868 $— 
AWC Real Estate Opportunity Partners I LP16,094 13,562 108,450 
Fifth Wall Ventures15,861 14,490 — 
AMAC Holdings III LLC14,416 15,413 33,410 
ARSR DPREF I LLC5,697 5,603 — 
Lightstone Value Plus REIT L.P.1,895 1,895 — 
The Park at Via Terrossa591 606 21,845 
Docsumo Pte. Ltd.450 450 — 
JT Prime425 425 — 
West Shore Café— — 1,688 
Lexford Portfolio— — — 
East River Portfolio— — — 
Total$71,796 $76,312 $165,393