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Equity Investments, at Fair Value - Schedule of Income (Loss) From Investments (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Schedule of Equity Method Investments [Line Items]        
Unrealized gains (losses), net $ (16,512,000) $ (27,294,000) $ (55,902,000) $ 5,557,000
Equity Method Investments        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 2,744,000 5,032,000 6,348,000 10,984,000
Equity Method Investments | Single-Family Equity Ownership Interests        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 3,379,000 0 1,690,000 (2,500,000)
Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) (15,000) (2,376,000) (4,065,000) (1,316,000)
Constructive Loans, LLC | Equity Method Investments | Single-Family Equity Ownership Interests        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 3,379,000 0 1,690,000 (2,500,000)
Unrealized gains (losses), net 400,000 (1,000,000.0) (1,800,000) (4,300,000)
GWR Cedars Partners, LLC | Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) (9,000) (613,000) (1,629,000) (200,000)
GWR Gateway Partners, LLC | Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) (6,000) (1,763,000) (2,436,000) (1,116,000)
Headlands Asset Management Fund III (Cayman), LP (Headlands Flagship Opportunity Fund Series I) | Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties        
Schedule of Equity Method Investments [Line Items]        
Unrealized gains (losses), net $ (14,600) $ (2,400,000) $ (4,100,000) $ (1,300,000)