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Other Assets and Other Liabilities
 3 Months Ended
Mar. 31, 2024
Offsetting [Abstract]  
Other Assets and Other Liabilities
11. Other Assets and Other Liabilities

Other Assets

The following table presents the components of the Company's other assets as of March 31, 2024 and December 31, 2023, respectively (dollar amounts in thousands):
March 31, 2024December 31, 2023
Restricted cash (1)
$163,792 $143,535 
Real estate owned41,397 34,353 
Accrued interest receivable39,936 37,312 
Other assets in consolidated multi-family properties24,321 28,923 
Recoverable advances on residential loans18,093 18,328 
Other receivables16,781 12,593 
Collections receivable from residential loan servicers16,732 14,956 
Derivative assets (2)
7,143 6,510 
Operating lease right-of-use assets6,308 6,581 
Deferred tax assets4,162 4,510 
Lease intangibles, net in consolidated multi-family properties951 2,378 
Other5,383 5,378 
  Total$344,999 $315,357 

(1)Restricted cash represents cash held by third parties, initial margin for derivative contracts and cash held by the Company's securitization trusts.
(2)Includes derivative assets held in consolidated multi-family properties.

Other Liabilities

The following table presents the components of the Company's other liabilities as of March 31, 2024 and December 31, 2023, respectively (dollar amounts in thousands):

March 31, 2024December 31, 2023
Dividends and dividend equivalents payable$30,101 $32,151 
Accrued interest payable27,836 23,653 
Accrued expenses and other liabilities in consolidated multi-family properties15,163 21,797 
Operating lease liabilities6,823 7,102 
Accrued expenses6,303 11,515 
Swap margin payable6,193 — 
Deferred revenue5,220 5,469 
Advanced remittances from residential loan servicers4,999 4,332 
Unfunded commitments for residential and multi-family investments3,701 6,587 
Deferred tax liabilities1,391 2,012 
Other3,021 3,398 
  Total$110,751 $118,016