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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
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Cash and cash equivalents $ 195,066   $ 187,107 $ 228,333    
Assets of disposal group held for sale 197,665   426,017      
Other assets 360,620   315,357      
Total assets [1] 8,905,914   7,401,328      
Liabilities of disposal group held for sale 177,869   386,024      
Other liabilities 145,794   118,016      
Total liabilities [1] 7,433,952   5,773,202      
Non-controlling interest in Consolidated VIEs 5,989   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 902,038   1,276,780      
Consolidated SLST            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Multi-family CDOs, at fair value 1,900,228   593,737      
VIE, Primary Beneficiary            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Real estate, net held in Consolidated VIEs 755,702   1,131,819      
Total assets 4,051,406   3,816,777      
Multi-family CDOs, at fair value 275,200          
Total liabilities 3,517,298   3,076,818      
Redeemable non-controlling interest in Consolidated VIEs 21,826 $ 23,088 28,061 $ 21,026 $ 34,571 $ 63,803
VIE, Primary Beneficiary | Financing And Other VIEs            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Cash and cash equivalents 6,194   15,612      
Real estate, net held in Consolidated VIEs 610,967   979,934      
Assets of disposal group held for sale 197,665   426,017      
Other assets 160,291   138,446      
Total assets 4,051,406   3,816,777      
Multi-family CDOs, at fair value 2,802,266   1,870,517      
Mortgages payable on real estate, net in Consolidated VIEs 492,321   784,421      
Liabilities of disposal group held for sale 177,869   386,024      
Other liabilities 44,842   35,856      
Total liabilities 3,517,298   3,076,818      
Redeemable non-controlling interest in Consolidated VIEs 21,826   28,061      
Non-controlling interest in Consolidated VIEs 5,864   20,328      
Net investment 506,418   691,570      
VIE, Primary Beneficiary | Financing VIEs            
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 134,057   98,451      
Total assets 2,201,763   1,600,359      
Multi-family CDOs, at fair value 1,956,455   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 21,748   8,421      
Total liabilities 1,978,203   1,285,201      
Redeemable non-controlling interest in Consolidated VIEs 0   0      
Non-controlling interest in Consolidated VIEs 0   0      
Net investment 223,560   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 4,253   2,960      
Total assets 1,012,836   757,820      
Multi-family CDOs, at fair value 845,811   593,737      
Mortgages payable on real estate, net in Consolidated VIEs 0   0      
Liabilities of disposal group held for sale 0   0      
Other liabilities 8,177   5,638      
Total liabilities 853,988   599,375      
Redeemable non-controlling interest in Consolidated VIEs 0   0      
Non-controlling interest in Consolidated VIEs 0   0      
Net investment 158,848   158,445      
VIE, Primary Beneficiary | Consolidated Real Estate            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Cash and cash equivalents 6,194   15,612      
Real estate, net held in Consolidated VIEs 610,967   979,934      
Assets of disposal group held for sale 197,665   426,017      
Other assets 21,981   37,035      
Total assets 836,807   1,458,598      
Multi-family CDOs, at fair value 0   0      
Mortgages payable on real estate, net in Consolidated VIEs 492,321   784,421      
Liabilities of disposal group held for sale 177,869   386,024      
Other liabilities 14,917   21,797      
Total liabilities 685,107   1,192,242      
Redeemable non-controlling interest in Consolidated VIEs 21,826   28,061      
Non-controlling interest in Consolidated VIEs 5,864   20,328      
Net investment 124,010   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 902,038   1,276,780      
VIE, Primary Beneficiary | Consolidated SLST            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Multi-family CDOs, at fair value 1,900,228   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 3,076,289   2,256,768      
VIE, Primary Beneficiary | Residential loans, at fair value | Financing VIEs            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Residential loans, at fair value 2,067,706   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 1,008,583   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 September 30, 2024 and December 31, 2023, assets of consolidated VIEs totaled $4,051,406 and $3,816,777, respectively, and the liabilities of consolidated VIEs totaled $3,517,298 and $3,076,818, respectively. See Note 7 for further discussion.