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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net interest income    
Interest income $ 103,796 $ 56,205
Interest expense 60,749 47,035
Net interest income (expense) 43,047 9,170
Provision for (release of) loan loss reserves, net 4,736 874
Net interest income (expense) after provision for (release of) loan losses 38,311 8,296
Other income (loss)    
Real estate operating income 23,199 26,354
Net result from mortgage loan receivables held for sale (194) (949)
Realized gain (loss) on securities (307) (96)
Unrealized gain (loss) on securities 117 17
Realized gain (loss) on sale of real estate, net 0 29,154
Fee and other income 1,831 7,194
Net result from derivative transactions (2,242) 3,135
Earnings from investment in unconsolidated ventures 217 434
Gain on extinguishment of debt 9,217 0
Total other income (loss) 31,838 65,243
Costs and expenses    
Compensation and employee benefits 22,084 29,864
Operating expenses 5,256 5,508
Real estate operating expenses 9,849 8,992
Fee expense 1,520 1,988
Depreciation and amortization 7,529 9,342
Total costs and expenses 46,238 55,694
Income (loss) before taxes 23,911 17,845
Income tax expense (benefit) 1,720 (1,309)
Net income (loss) 22,191 19,154
Net (income) loss attributable to noncontrolling interests in consolidated ventures $ 217 $ (122)
Earnings per share:    
Basic (in dollars per share) $ 0.18 $ 0.15
Diluted (in dollars per share) $ 0.18 $ 0.15
Weighted average shares outstanding:    
Basic (in shares) 124,493,132 124,305,943
Diluted (in shares) 124,656,102 125,478,001
Class A Common Stock    
Costs and expenses    
Net income (loss) attributable to Class A common shareholders $ 22,408 $ 19,032
Earnings per share:    
Basic (in dollars per share) $ 0.18 $ 0.15
Diluted (in dollars per share) $ 0.18 $ 0.15
Weighted average shares outstanding:    
Basic (in shares) 124,493,132 124,305,943
Diluted (in shares) 124,656,102 125,478,001