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Other Assets and Other Liabilities
 6 Months Ended
Jun. 30, 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 June 30, 2024 and December 31, 2023, respectively (dollar amounts in thousands):
June 30, 2024December 31, 2023
Restricted cash (1)
$132,636 $143,535 
Accrued interest receivable45,753 37,312 
Real estate owned44,556 34,353 
Other assets in consolidated multi-family properties22,388 28,923 
Other receivables21,664 11,445 
Recoverable advances on residential loans17,459 18,328 
Collections receivable from residential loan servicers16,271 14,956 
Receivables from derivative counterparties8,127 1,148 
Operating lease right-of-use assets6,029 6,581 
Deferred tax assets5,232 4,510 
Derivative assets (2)
3,828 6,510 
Lease intangibles, net in consolidated multi-family properties— 2,378 
Other4,775 5,378 
  Total$328,718 $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 Real Estate VIEs.

Other Liabilities

The following table presents the components of the Company's other liabilities as of June 30, 2024 and December 31, 2023, respectively (dollar amounts in thousands):

June 30, 2024December 31, 2023
Dividends and dividend equivalents payable$30,361 $32,151 
Accrued interest payable27,717 23,653 
Accrued expenses and other liabilities in consolidated multi-family properties15,730 21,797 
Unfunded commitments for residential and multi-family investments11,523 6,587 
Accrued expenses9,523 11,515 
Advanced remittances from residential loan servicers6,921 4,332 
Operating lease liabilities6,540 7,102 
Payables to derivative counterparties6,226 — 
Deferred revenue5,463 5,469 
Deferred tax liabilities2,803 2,012 
Other2,987 3,398 
  Total$125,794 $118,016