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Equity Investments, at Fair Value - Schedule of Income From Multi-Family Preferred Equity Ownership Interests (Details) - Equity Method Investments - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) $ (1,136) $ 4,678 $ 5,210 $ 15,660
EHOF-NYMT Sunset Apartments Preferred, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 627 651 1,999 1,914
Lucie at Tradition Holdings, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 798 719 2,332 2,103
Syracuse Apartments and Townhomes, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 724 679 2,354 2,000
Hudson Bridge Apartments, LLC - Series A, Briar Hill Apartments, LLC, Kings Glen Apartments, LLC, Flagstone Apartments, LLC, Brookfield Apartments II, LLC - Series B, and Silber JBSM Properties, LLC (collectively)        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 438 311 693 918
Tides on 27th Investors, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) (4,111) 599 (3,436) 1,896
Rapid City RMI JV LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 388 236 1,199 236
Palms at Cape Coral, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 0 183 69 540
FF/RMI 20 Midtown, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 0 955 0 2,690
America Walks at Port St. Lucie, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 0 345 0 2,243
1122 Chicago DE, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) 0 0 0 419
Bighaus, LLC        
Schedule of Equity Method Investments [Line Items]        
Change in fair value, gain (loss) $ 0 $ 0 $ 0 $ 701