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Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Schedule of Assets and Liabilities of Consolidated Real Estate VIE's (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Cash and cash equivalents $ 235,514   $ 187,107 $ 232,497    
Assets of disposal group held for sale 373,538   426,017      
Other assets 328,718   315,357      
Total assets [1] 8,228,883   7,401,328      
Liabilities of disposal group held for sale 340,138   386,024      
Other liabilities 125,794   118,016      
Total liabilities [1] 6,764,132   5,773,202      
Non-controlling interest in Consolidated VIEs 9,753   20,453      
Residential loan securitizations at amortized cost, net            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Multi-family CDOs, at fair value 972,389   1,276,780      
Consolidated SLST            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Multi-family CDOs, at fair value 1,577,111   593,737      
VIE, Primary Beneficiary            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Residential loans, at fair value 285,057          
Real estate, net held in Consolidated VIEs 879,931   1,131,819      
Total assets 4,131,681   3,816,777      
Total liabilities 3,518,769   3,076,818      
Redeemable non-controlling interest in Consolidated VIEs 23,088 $ 20,128 28,061 $ 34,571 $ 54,352 $ 63,803
VIE, Primary Beneficiary | Financing And Other VIEs            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Cash and cash equivalents 8,368   15,612      
Real estate, net held in Consolidated VIEs 732,437   979,934      
Assets of disposal group held for sale 373,538   426,017      
Other assets 181,365   138,446      
Total assets 4,131,681   3,816,777      
Multi-family CDOs, at fair value 2,549,500   1,870,517      
Mortgages payable on real estate, net in Consolidated VIEs 592,919   784,421      
Liabilities of disposal group held for sale 340,138   386,024      
Other liabilities 36,212   35,856      
Total liabilities 3,518,769   3,076,818      
Redeemable non-controlling interest in Consolidated VIEs 23,088   28,061      
Non-controlling interest in Consolidated VIEs 9,628   20,328      
Net investment 580,196   691,570      
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 152,024   98,451      
Total assets 1,983,053   1,600,359      
Multi-family CDOs, at fair value 1,705,468   1,276,780      
Mortgages payable on real estate, net in Consolidated VIEs 0   0      
Liabilities of disposal group held for sale 0   0      
Other liabilities 12,517   8,421      
Total liabilities 1,717,985   1,285,201      
Redeemable non-controlling interest in Consolidated VIEs 0   0      
Non-controlling interest in Consolidated VIEs 0   0      
Net investment 265,068   315,158      
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 4,394   2,960      
Total assets 1,009,338   757,820      
Multi-family CDOs, at fair value 844,032   593,737      
Mortgages payable on real estate, net in Consolidated VIEs 0   0      
Liabilities of disposal group held for sale 0   0      
Other liabilities 7,965   5,638      
Total liabilities 851,997   599,375      
Redeemable non-controlling interest in Consolidated VIEs 0   0      
Non-controlling interest in Consolidated VIEs 0   0      
Net investment 157,341   158,445      
VIE, Primary Beneficiary | Consolidated Real Estate            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Cash and cash equivalents 8,368   15,612      
Real estate, net held in Consolidated VIEs 732,437   979,934      
Assets of disposal group held for sale 373,538   426,017      
Other assets 24,947   37,035      
Total assets 1,139,290   1,458,598      
Multi-family CDOs, at fair value 0   0      
Mortgages payable on real estate, net in Consolidated VIEs 592,919   784,421      
Liabilities of disposal group held for sale 340,138   386,024      
Other liabilities 15,730   21,797      
Total liabilities 948,787   1,192,242      
Redeemable non-controlling interest in Consolidated VIEs 23,088   28,061      
Non-controlling interest in Consolidated VIEs 9,628   20,328      
Net investment 157,787   217,967      
VIE, Primary Beneficiary | Residential loan securitizations at amortized cost, net            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Multi-family CDOs, at fair value 972,389   1,276,780      
VIE, Primary Beneficiary | Consolidated SLST            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Multi-family CDOs, at fair value 1,577,111   593,737      
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 2,835,973   2,256,768      
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 1,831,029   1,501,908      
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 1,004,944   754,860      
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 condensed 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 June 30, 2024 and December 31, 2023, assets of consolidated VIEs totaled $4,131,681 and $3,816,777, respectively, and the liabilities of consolidated VIEs totaled $3,518,769 and $3,076,818, respectively. See Note 7 for further discussion.