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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets carried at fair value    
Preferred equity and mezzanine loan investments   $ 180,045
Investment securities available for sale, at fair value $ 311,284 1,760,812
Interest rate swaps    
Liabilities carried at fair value    
Derivative in liability position   (29,000)
Variation margin   44,800
Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 901,899
Agency CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 20,277
Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 265,817 591,499
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Preferred equity and mezzanine loan investments 163,593 0
Equity investments 259,095 83,882
Total 4,196,580 22,681,286
Liabilities carried at fair value    
Total 1,054,335 17,777,280
Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans: 1,266,785 1,328,886
Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 15,878
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 139,395 922,877
Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 50,958
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 186,440 267,777
Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale, at fair value 43,225 49,214
Fair Value, Measurements, Recurring | Consolidated K-Series    
Assets carried at fair value    
Loans held in securitization trusts 0 17,816,746
Fair Value, Measurements, Recurring | Residential Mortgage Loans Held In Securitization Trust, At Fair Value    
Assets carried at fair value    
Residential loans: 691,451 0
Fair Value, Measurements, Recurring | Multi Family Collateralized Debt Obligations | Consolidated K-Series | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 16,724,451
Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 1,054,335 1,052,829
Fair Value, Measurements, Recurring | Residential Mortgage Loans    
Assets carried at fair value    
Residential loans: 1,090,930 1,429,754
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 355,666 715,314
Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Preferred equity and mezzanine loan investments 0 0
Equity investments 0 0
Total 0 0
Liabilities carried at fair value    
Total 0 0
Level 1 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans: 0 0
Level 1 | Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Consolidated K-Series    
Assets carried at fair value    
Loans held in securitization trusts 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential Mortgage Loans Held In Securitization Trust, At Fair Value    
Assets carried at fair value    
Residential loans: 0 0
Level 1 | Fair Value, Measurements, Recurring | Multi Family Collateralized Debt Obligations | Consolidated K-Series | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential Mortgage Loans    
Assets carried at fair value    
Residential loans: 0 0
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 2    
Assets carried at fair value    
Investment securities available for sale, at fair value 724,726 2,006,140
Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Preferred equity and mezzanine loan investments 0 0
Equity investments 0 0
Total 724,726 2,022,018
Liabilities carried at fair value    
Total 0 0
Level 2 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans: 0 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 15,878
Level 2 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 139,395 922,877
Level 2 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 50,958
Level 2 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 186,440 267,777
Level 2 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale, at fair value 43,225 49,214
Level 2 | Fair Value, Measurements, Recurring | Consolidated K-Series    
Assets carried at fair value    
Loans held in securitization trusts 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential Mortgage Loans Held In Securitization Trust, At Fair Value    
Assets carried at fair value    
Residential loans: 0 0
Level 2 | Fair Value, Measurements, Recurring | Multi Family Collateralized Debt Obligations | Consolidated K-Series | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential Mortgage Loans    
Assets carried at fair value    
Residential loans: 0 0
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 355,666 715,314
Level 3    
Assets carried at fair value    
Equity investments 259,095 191,359
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Preferred equity and mezzanine loan investments 163,593 0
Equity investments 259,095 83,882
Total 3,471,854 20,659,268
Liabilities carried at fair value    
Total 1,054,335 17,777,280
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans: 1,266,785 1,328,886
Liabilities carried at fair value    
Multi-family collateralized debt obligations 1,054,335 1,052,829
Level 3 | Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale, at fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | Consolidated K-Series    
Assets carried at fair value    
Loans held in securitization trusts 0 17,816,746
Level 3 | Fair Value, Measurements, Recurring | Residential Mortgage Loans Held In Securitization Trust, At Fair Value    
Assets carried at fair value    
Residential loans: 691,451 0
Level 3 | Fair Value, Measurements, Recurring | Multi Family Collateralized Debt Obligations | Consolidated K-Series | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 16,724,451
Level 3 | Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Multi-family collateralized debt obligations   1,052,829
Level 3 | Fair Value, Measurements, Recurring | Residential Mortgage Loans    
Assets carried at fair value    
Residential loans: 1,090,930 1,429,754
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale, at fair value $ 0 $ 0