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Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value of the Company's Financial Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Financial Assets:      
Cash and cash equivalents $ 244,718 $ 289,602 $ 293,183
Equity investments 179,746 239,631  
Equity investments in disposal group held for sale, carrying value 9,010    
Collateralized Debt Obligations [Abstract]      
Subordinated debentures 45,000 45,000  
Convertible notes 0 137,898  
Senior unsecured notes 97,384 $ 96,704  
Mortgages payable on real estate $ 542,453    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets  
Residential loan securitizations at amortized cost, net      
Collateralized Debt Obligations [Abstract]      
Collateralized debt obligations $ 1,468,222 $ 682,802  
Residential loan securitizations at amortized cost, net | VIE, Primary Beneficiary      
Collateralized Debt Obligations [Abstract]      
Collateralized debt obligations 1,468,222 682,802  
Consolidated SLST CDOs | VIE, Primary Beneficiary      
Collateralized Debt Obligations [Abstract]      
Collateralized debt obligations 634,495 839,419  
Level 1      
Financial Assets:      
Cash and cash equivalents 244,718 289,602  
Cash and cash equivalents, estimated fair value 244,718 289,602  
Level 3      
Financial Assets:      
Equity investments 179,746 239,631  
Equity investments, estimated fair value 179,746 239,631  
Equity investments in disposal group held for sale, carrying value 9,010 0  
Equity investments in disposal group held for sale, estimated fair value 9,010 0  
Collateralized Debt Obligations [Abstract]      
Subordinated debentures 45,000 45,000  
Subordinated debentures, fair value 32,721 44,388  
Level 3 | Mortgages      
Collateralized Debt Obligations [Abstract]      
Mortgages payable on real estate 394,707 709,356  
Mortgages payable on operating real estate, fair value 377,327 712,112  
Mortgages payable on real estate in disposal group held for sale, carrying value 865,414 0  
Mortgages payable on real estate in disposal group held for sale, estimated fair value 864,758 0  
Level 3 | Residential loan securitizations at amortized cost, net      
Collateralized Debt Obligations [Abstract]      
Collateralized debt obligations 1,468,222 682,802  
Collateralized debt obligations, fair value 1,383,715 686,027  
Level 3 | Consolidated SLST CDOs | VIE, Primary Beneficiary      
Collateralized Debt Obligations [Abstract]      
Collateralized debt obligations 634,495 839,419  
Collateralized debt obligations, fair value 634,495 839,419  
Level 3 | Residential loans      
Financial Assets:      
Residential loans, carrying value 3,525,080 3,575,601  
Residential mortgage loans at fair value 3,525,080 3,575,601  
Level 3 | Multi-family loans      
Financial Assets:      
Preferred equity and mezzanine loan investments 87,534 120,021  
Preferred equity and mezzanine loan investments, estimated fair value 87,534 120,021  
Level 2      
Financial Assets:      
Investment securities, available for sale 99,559 200,844  
Derivative asset, carrying value 2,473 0  
Derivative asset, estimated fair value 2,473 0  
Derivative assets in disposal group held for sale, carrying value 29,418 0  
Derivative assets in disposal group held for sale, estimated fair value 29,418 0  
Collateralized Debt Obligations [Abstract]      
Convertible notes 0 137,898  
Convertible debt, fair value 0 138,011  
Senior unsecured notes 97,384 96,704  
Senior unsecured notes, fair value 91,104 102,215  
Level 2 | Repurchase agreements      
Financial Liabilities:      
Repurchase agreements $ 737,023 $ 554,259