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Equity Investments, at Fair Value - Schedule of Income From Multi-Family Preferred Equity Ownership Interests (Details) - Equity investments - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) $ 20,462 $ 18,670 $ 24,633
1122 Chicago DE, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 419 959 908
Bighaus, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 701 1,852 1,786
FF/RMI 20 Midtown, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 3,948 2,904 3,059
Palms at Cape Coral, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 751 554 342
America Walks at Port St. Lucie, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 2,244 3,140 1,678
EHOF-NYMT Sunset Apartments Preferred, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 2,579 1,939 661
Lucie at Tradition Holdings, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 2,841 2,008 484
Syracuse Apartments and Townhomes, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 2,691 1,816 0
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)      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 1,234 540 0
Tides on 27th Investors, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 2,513 0 0
Rapid City RMI JV LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 541 0 0
Somerset Deerfield Investor, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 1,944 2,295
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)      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 529 585
Walnut Creek Properties Holdings, L.L.C.      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 (153) 1,240
DCP Gold Creek, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 254 780
Rapid City RMI JV LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 (174) 1,683
Lurin-RMI, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 558 931
BBA-EP320 II, L.L.C., BBA-Ten10 II, L.L.C., and Lexington on the Green Apartments, L.L.C. (collectively)      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 0 1,304
Audubon Mezzanine Holdings, L.L.C. (Series A)      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 0 1,251
EP 320 Growth Fund, L.L.C. (Series A) and Turnbury Park Apartments - BC, L.L.C. (Series A) (collectively)      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 0 735
Towers Property Holdings, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 0 1,192
Mansions Property Holdings, LLC      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 0 1,148
Sabina Montgomery Holdings, LLC - Series B and Oakley Shoals Apartments, LLC - Series A (collectively)      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 0 412
Gen1814, LLC - Series A, Highlands - Mtg. Holdings, LLC - Series A, and Polos at Hudson Investments, LLC - Series A (collectively)      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) 0 0 966
Axis Apartments Holdings, LLC, Arbor-Stratford Holdings II, LLC - Series B, Highlands - Mtg. Holdings, LLC - Series B, Oakley Shoals Apartments, LLC - Series C, and Woodland Park Apartments II, LLC (collectively)      
Schedule of Equity Method Investments [Line Items]      
Changes in fair value, gain (loss) $ 0 $ 0 $ 1,193