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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
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents $ 187,107 $ 244,718 $ 289,602  
Assets of disposal group held for sale 426,017 1,151,784    
Other assets 315,357 259,356    
Total assets [1] 7,401,328 6,240,745    
Collateralized debt obligations 1,870,517 2,102,717    
Liabilities of disposal group held for sale 386,024 883,812    
Other liabilities 118,016 115,991    
Total liabilities [1] 5,773,202 4,376,634    
Non-controlling interests 20,453 33,092    
Residential loan securitizations at amortized cost, net        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Collateralized debt obligations 1,276,780 1,468,222    
Consolidated SLST CDOs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Collateralized debt obligations 593,737 634,495    
VIE, Primary Beneficiary        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Real estate, net held in Consolidated VIEs 1,131,819 692,968    
Total assets 3,816,777 4,261,097    
Total liabilities 3,076,818 3,403,257    
Redeemable non-controlling interest in Consolidated VIEs 28,061 63,803 $ 66,392 $ 0
VIE, Primary Beneficiary | Financing And Other VIEs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 15,612 21,129    
Real estate, net held in Consolidated VIEs 979,934 543,739    
Assets of disposal group held for sale 426,017 1,142,773    
Other assets 138,446 109,760    
Total assets 3,816,777 4,261,097    
Collateralized debt obligations 1,870,517 2,102,717    
Mortgages payable, net in consolidated variable interest entities 784,421 394,707    
Liabilities of disposal group held for sale 386,024 883,812    
Other liabilities 35,856 22,021    
Total liabilities 3,076,818 3,403,257    
Redeemable non-controlling interest in Consolidated VIEs 28,061 63,803    
Non-controlling interests 20,328 32,967    
Variable interest entity, primary beneficiary, maximum loss exposure, amount 691,570 761,070    
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    
Assets of disposal group held for sale 0 0    
Other assets 98,451 92,906    
Total assets 1,600,359 1,709,020    
Collateralized debt obligations 1,276,780 1,468,222    
Mortgages payable, net in consolidated variable interest entities 0 0    
Liabilities of disposal group held for sale 0 0    
Other liabilities 8,421 8,168    
Total liabilities 1,285,201 1,476,390    
Redeemable non-controlling interest in Consolidated VIEs 0 0    
Non-controlling interests 0 0    
Variable interest entity, primary beneficiary, maximum loss exposure, amount 315,158 232,630    
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    
Assets of disposal group held for sale 0 0    
Other assets 2,960 3,168    
Total assets 757,820 830,750    
Collateralized debt obligations 593,737 634,495    
Mortgages payable, net in consolidated variable interest entities 0 0    
Liabilities of disposal group held for sale 0 0    
Other liabilities 5,638 3,342    
Total liabilities 599,375 637,837    
Redeemable non-controlling interest in Consolidated VIEs 0 0    
Non-controlling interests 0 0    
Variable interest entity, primary beneficiary, maximum loss exposure, amount 158,445 192,913    
VIE, Primary Beneficiary | Consolidated Real Estate        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 15,612 21,129    
Real estate, net held in Consolidated VIEs 979,934 543,739    
Assets of disposal group held for sale 426,017 1,142,773    
Other assets 37,035 13,686    
Total assets 1,458,598 1,721,327    
Collateralized debt obligations 0 0    
Mortgages payable, net in consolidated variable interest entities 784,421 394,707    
Liabilities of disposal group held for sale 386,024 883,812    
Other liabilities 21,797 10,511    
Total liabilities 1,192,242 1,289,030    
Redeemable non-controlling interest in Consolidated VIEs 28,061 63,803    
Non-controlling interests 20,328 32,967    
Variable interest entity, primary beneficiary, maximum loss exposure, amount 217,967 335,527    
VIE, Primary Beneficiary | Residential loan securitizations at amortized cost, net        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Collateralized debt obligations 1,276,780 1,468,222    
VIE, Primary Beneficiary | Consolidated SLST CDOs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Collateralized debt obligations 593,737 634,495    
VIE, Primary Beneficiary | Residential loans, at fair value | Financing And Other VIEs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Residential loans, at fair value 2,256,768 2,443,696    
VIE, Primary Beneficiary | Residential loans, at fair value | Residential Loan Securitizations        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Residential loans, at fair value 1,501,908 1,616,114    
VIE, Primary Beneficiary | Residential loans, at fair value | Consolidated SLST        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Residential loans, at fair value 754,860 827,582    
VIE, Primary Beneficiary | Residential loans, at fair value | Consolidated Real Estate        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Residential loans, at fair value $ 0 $ 0    
[1] Our 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 December 31, 2023 and December 31, 2022, assets of consolidated VIEs totaled $3,816,777 and $4,261,097, respectively, and the liabilities of consolidated VIEs totaled $3,076,818 and $3,403,257, respectively. See Note 7 for further discussion.