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Real Estate Owned - Brooklyn Development (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

17 Months Ended

Aug. 03, 2022

May 24, 2021

Sep. 30, 2022

Jun. 30, 2021

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2023

Jun. 30, 2020

Dec. 31, 2015

Real Estate [Line Items]

Debt related to real estate owned, held for investment, net

$ 161,562

$ 160,294

$ 161,562

Increase in Specific CECL Allowance, net

$ (10,000)

$ 10,000

$ (20,000)

11,500

Total carrying value, net

8,358,093

8,681,990

8,358,093

Net realized loss on investment

(86,604)

18,683

$ (21,317)

Less: deferred financing costs

25,200

27,700

25,200

Debt instrument, covenant, unencumbered liquidity, threshold

100,000

100,000

Debt instrument, covenant, net worth threshold

600,000

600,000

Interest rate cap

Real Estate [Line Items]

Aggregate Notional Amount (in thousands)

$ 1,100

Interest rate cap | Not Designated as Hedging Instrument

Real Estate [Line Items]

Aggregate Notional Amount (in thousands)

164,835

500,000

164,835

Derivative Financial Instruments, Assets | Interest rate cap | Not Designated as Hedging Instrument

Real Estate [Line Items]

Aggregate Notional Amount (in thousands)

$ 1,400

1,400

Secured Overnight Financing Rate

Real Estate [Line Items]

Interest rate for repurchase facility

2.55%

Letter of Credit

Real Estate [Line Items]

Maximum amount of borrowings

$ 388,400

388,400

Line of credit facility, option to extend, period

1 year

Mortgages

Real Estate [Line Items]

Debt related to real estate owned, held for investment, net

$ 161,600

160,300

161,600

Less: deferred financing costs

3,200

4,500

3,200

JV Partner

Real Estate [Line Items]

Financing receivable, loan in process

$ 164,800

JV Partner | Joint venture

Real Estate [Line Items]

Equity method investment, ownership percentage

100.00%

Subordinate Mortgage Portfolio Segment

Real Estate [Line Items]

Total carrying value, net

^[1],[2]

432,734

560,881

432,734

Multifamily Development - Brooklyn, NY | Subordinate Mortgage Portfolio Segment

Real Estate [Line Items]

Debt related to real estate owned, held for investment, net

$ 122,200

Increase in Specific CECL Allowance, net

$ (30,000)

Deed-In-Lieu Of Foreclosure

Real Estate [Line Items]

Total carrying value, net

$ 226,500

374,200

302,700

374,200

Real estate investment property, net

270,100

Net realized loss on investment

$ 43,600

Financing receivable, construction and finance costs capitalized

71,500

32,700

Construction costs

$ 152,900

$ 81,500

$ 152,900

[1]	Includes $232,991 and $191,608 pledged as collateral under secured debt arrangements in 2023 and 2022, respectively.
[2]	Net of $219,482 and $159,724 CECL Allowance comprised of $193,000 and $133,500 Specific CECL Allowance and $26,482 and $26,224 General CECL Allowance in 2023 and 2022, respectively.

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