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Equity Investments, at Fair Value - Schedule of Equity Investments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Constructive Loans, LLC | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Purchase of residential loans $ 260,600 $ 94,000  
Equity investments | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Fair Value 152,246 180,798  
Changes in fair value, gain (loss) 18,670 24,633 $ 16,587
Equity investments | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Fair Value 0 10,440  
Changes in fair value, gain (loss) (1,430) 150 (949)
Equity investments | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Fair Value 27,500 48,393  
Changes in fair value, gain (loss) (2,166) 9,113 11,032
Equity investments | Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Fair Value $ 179,746 $ 239,631  
Equity investments | 1122 Chicago DE, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 53.00% 53.00%  
Fair Value $ 8,276 $ 7,723  
Changes in fair value, gain (loss) $ 959 $ 908 835
Equity investments | Bighaus, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 42.00% 42.00%  
Fair Value $ 16,482 $ 15,471  
Changes in fair value, gain (loss) $ 1,852 $ 1,786 1,002
Equity investments | FF/RMI 20 Midtown, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 51.00% 51.00%  
Fair Value $ 27,079 $ 25,499  
Changes in fair value, gain (loss) $ 2,904 $ 3,059 686
Equity investments | Palms at Cape Coral, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 34.00% 34.00%  
Fair Value $ 5,429 $ 5,175  
Changes in fair value, gain (loss) $ 554 $ 342 0
Equity investments | America Walks at Port St. Lucie, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 62.00% 62.00%  
Fair Value $ 29,873 $ 30,383  
Changes in fair value, gain (loss) $ 3,140 $ 1,678 0
Equity investments | EHOF-NYMT Sunset Apartments Preferred, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 57.00% 57.00%  
Fair Value $ 18,139 $ 17,213  
Changes in fair value, gain (loss) $ 1,939 $ 661 0
Equity investments | Lucie at Tradition Holdings, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 70.00% 70.00%  
Fair Value $ 17,576 $ 16,597  
Changes in fair value, gain (loss) $ 2,008 $ 484 0
Equity investments | Syracuse Apartments and Townhomes, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 58.00% 0.00%  
Fair Value $ 20,115 $ 0  
Changes in fair value, gain (loss) $ 1,816 $ 0 0
Equity investments | Hudson Bridge Apartments, LLC - Series A, Briar Hill Apartments, LLC, Kings Glen Apartments, LLC, Flagstone Apartments, LLC, Brookfield Apartments II, LLC - Series B, and Silber JBSM Properties, LLC (collectively) | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 58.00% 0.00%  
Fair Value $ 9,277 $ 0  
Changes in fair value, gain (loss) $ 540 $ 0 0
Equity investments | DCP Gold Creek, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 44.00%  
Fair Value $ 0 $ 6,686  
Changes in fair value, gain (loss) $ 254 $ 780 701
Equity investments | Rigsbee Ave Holdings, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 56.00%  
Fair Value $ 0 $ 11,331  
Changes in fair value, gain (loss) $ (174) $ 1,683 1,148
Equity investments | Walnut Creek Properties Holdings, L.L.C. | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 36.00%  
Fair Value $ 0 $ 9,482  
Changes in fair value, gain (loss) $ (153) $ 1,240 928
Equity investments | Lurin-RMI, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 38.00%  
Fair Value $ 0 $ 9,548  
Changes in fair value, gain (loss) $ 558 $ 931 81
Equity investments | Somerset Deerfield Investor, LLC | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 45.00%  
Fair Value $ 0 $ 19,965  
Changes in fair value, gain (loss) $ 1,944 $ 2,295 2,168
Equity investments | RS SWD Owner, LLC, RS SWD Mitchell Owner, LLC, RS SWD IF Owner, LLC, RS SWD Mullis Owner, LLC, RS SWD JH Mullis Owner, LLC and RS SWD Saltzman Owner, LLC (collectively) | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 43.00%  
Fair Value $ 0 $ 5,725  
Changes in fair value, gain (loss) $ 529 $ 585 551
Equity investments | GWR Cedars Partners, LLC | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 70.00%  
Fair Value $ 0 $ 3,770  
Changes in fair value, gain (loss) $ (1,050) $ 60 0
Equity investments | GWR Gateway Partners, LLC | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 70.00%  
Fair Value $ 0 $ 6,670  
Changes in fair value, gain (loss) $ (380) $ 90 0
Equity investments | Constructive Loans, LLC | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 0.00%  
Fair Value $ 27,500 $ 29,250  
Option to purchase issued and outstanding interests, percent 50.00%    
Changes in fair value, gain (loss) $ (1,750) $ 2,750 0
Equity investments | Morrocroft Neighborhood Stabilization Fund II, LP | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00% 11.00%  
Fair Value $ 0 $ 19,143  
Changes in fair value, gain (loss) $ (416) $ 6,378 $ 1,519