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Other Assets and Other Liabilities
 9 Months Ended
Sep. 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 September 30, 2024 and December 31, 2023, respectively (dollar amounts in thousands):
September 30, 2024December 31, 2023
Restricted cash (1)
$136,931 $143,535 
Accrued interest receivable54,734 37,312 
Real estate owned46,856 34,353 
Collections receivable from residential loan servicers26,661 14,956 
Other receivables24,062 11,445 
Other assets in consolidated multi-family properties20,611 28,923 
Receivables from derivative counterparties16,471 1,148 
Recoverable advances on residential loans16,407 18,328 
Operating lease right-of-use assets5,747 6,581 
Deferred tax assets3,381 4,510 
Derivative assets (2)
1,481 6,510 
Lease intangibles, net in consolidated multi-family properties— 2,378 
Other7,278 5,378 
  Total$360,620 $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 September 30, 2024 and December 31, 2023, respectively (dollar amounts in thousands):

September 30, 2024December 31, 2023
Accrued interest payable$34,633 $23,653 
Dividends and dividend equivalents payable30,640 32,151 
Advanced remittances from residential loan servicers19,239 4,332 
Accrued expenses and other liabilities in consolidated multi-family properties14,917 21,797 
Unfunded commitments for residential and multi-family investments10,517 6,587 
Accrued expenses9,227 11,515 
Swap margin payable7,653 — 
Operating lease liabilities6,246 7,102 
Deferred revenue5,560 5,469 
Deferred tax liabilities3,276 2,012 
Other3,886 3,398 
  Total$145,794 $118,016