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Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Assets and Liabilities of Consolidated VIEs (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Jun. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents $ 407,104   $ 289,602 $ 324,927
Other assets 299,938   215,019  
Total Assets [1] 7,299,536   5,658,301  
Other liabilities 231,066   161,081  
Total liabilities [1] 5,135,364   3,226,519  
Non-controlling interest in Consolidated VIEs 34,080   24,359  
Residential collateralized debt obligations        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Multi-family CDOs, at fair value 1,107,091   682,802  
Consolidated SLST CDOs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Multi-family CDOs, at fair value 710,233   839,419  
VIE, Primary Beneficiary        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Total Assets 3,952,609   2,940,513  
Total liabilities 3,141,474   2,235,665  
Redeemable non-controlling interest in Consolidated VIEs 37,101 $ 53,361 66,392  
VIE, Primary Beneficiary | Residential collateralized debt obligations        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Multi-family CDOs, at fair value 1,107,091   682,802  
VIE, Primary Beneficiary | Consolidated SLST CDOs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Multi-family CDOs, at fair value 710,233   839,419  
VIE, Primary Beneficiary | Financing And Other VIEs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 38,233   29,606  
Real estate, net held in Consolidated VIEs 1,649,472   927,725  
Other assets 129,031   110,871  
Total Assets 3,952,609   2,940,513  
Multi-family CDOs, at fair value 1,817,324   1,522,221  
Mortgages payable on real estate, net in Consolidated VIEs 1,251,059   672,568  
Other liabilities 73,091   40,876  
Total liabilities 3,141,474   2,235,665  
Redeemable non-controlling interest in Consolidated VIEs 37,101   66,392  
Non-controlling interest in Consolidated VIEs 34,080   24,359  
Net investment 739,954   614,097  
VIE, Primary Beneficiary | Financing And Other VIEs | Residential loans, at fair value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Residential loans, at fair value 2,135,873   1,872,311  
VIE, Primary Beneficiary | Residential Loan Securitizations        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 0   0  
Real estate, net held in Consolidated VIEs 0   0  
Other assets 77,630   36,767  
Total Assets 1,292,725   838,196  
Multi-family CDOs, at fair value 1,107,091   682,802  
Mortgages payable on real estate, net in Consolidated VIEs 0   0  
Other liabilities 43,477   20,156  
Total liabilities 1,150,568   702,958  
Redeemable non-controlling interest in Consolidated VIEs 0   0  
Non-controlling interest in Consolidated VIEs 0   0  
Net investment 142,157   135,238  
VIE, Primary Beneficiary | Residential Loan Securitizations | Residential loans, at fair value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Residential loans, at fair value 1,215,095   801,429  
VIE, Primary Beneficiary | Consolidated SLST        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 0   0  
Real estate, net held in Consolidated VIEs 0   0  
Other assets 3,314   3,547  
Total Assets 924,092   1,074,429  
Multi-family CDOs, at fair value 710,233   839,419  
Mortgages payable on real estate, net in Consolidated VIEs 0   0  
Other liabilities 3,859   3,193  
Total liabilities 714,092   842,612  
Redeemable non-controlling interest in Consolidated VIEs 0   0  
Non-controlling interest in Consolidated VIEs 0   0  
Net investment 210,000   231,817  
VIE, Primary Beneficiary | Consolidated SLST | Residential loans, at fair value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Residential loans, at fair value 920,778   1,070,882  
VIE, Primary Beneficiary | Consolidated Real Estate        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 38,233   29,606  
Real estate, net held in Consolidated VIEs 1,649,472   927,725  
Other assets 48,087   70,557  
Total Assets 1,735,792   1,027,888  
Multi-family CDOs, at fair value 0   0  
Mortgages payable on real estate, net in Consolidated VIEs 1,251,059   672,568  
Other liabilities 25,755   17,527  
Total liabilities 1,276,814   690,095  
Redeemable non-controlling interest in Consolidated VIEs 37,101   66,392  
Non-controlling interest in Consolidated VIEs 34,080   24,359  
Net investment 387,797   247,042  
VIE, Primary Beneficiary | Consolidated Real Estate | Residential loans, at fair value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Residential loans, at fair value $ 0   $ 0  
[1] Our condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of June 30, 2022 and December 31, 2021, assets of consolidated VIEs totaled $3,952,609 and $2,940,513, respectively, and the liabilities of consolidated VIEs totaled $3,141,474 and $2,235,665, respectively. See Note 7 for further discussion.