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Real Estate, Net - Narrative (Details)
3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
jointVenture
property
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Real Estate [Line Items]        
Net payments made on mortgages payable on real estate   $ 54,296,000 $ 148,948,000 $ (3,197,000)
Net loss   (93,953,000) (77,799,000) (340,649,000)
Net income   (93,953,000) (77,799,000) (340,649,000)
Loss on extinguishment of collateralized debt obligations and mortgages payable on real estate   2,864,000 796,000 (2,214,000)
Impairment of real estate   48,875,000 89,548,000 2,449,000
VIE, Primary Beneficiary | 2024 Joint Venture Sale One        
Real Estate [Line Items]        
Realized loss   0    
Multi-Family - Operating | VIE, Primary Beneficiary        
Real Estate [Line Items]        
Proceeds from sale of real estate held for investment       (48,000,000)
Net payments made on mortgages payable on real estate   (31,800,000)   (26,000,000)
Sale generated a net gain       16,800,000
Net loss       14,400,000
Loss on extinguishment of collateralized debt obligations and mortgages payable on real estate   1,600,000   $ 500,000
Impairment of real estate   15,800,000    
(Loss) gain on sales of investment real estate $ (14,600,000) $ 11,400,000 $ 16,200,000  
Multi-Family - Operating | VIE, Primary Beneficiary | 2024 Joint Venture Sale One        
Real Estate [Line Items]        
Number of joint ventures classified as held-for-sale during period | jointVenture   2    
Proceeds from sale of real estate held for investment   $ (77,300,000)    
Net payments made on mortgages payable on real estate   44,200,000    
Sale generated a net gain   16,300,000    
Defeasance costs   600,000    
Net loss   12,100,000    
Net income   $ 3,600,000    
Multi-Family - Operating | VIE, Primary Beneficiary | 2024 Joint Venture Sale Two        
Real Estate [Line Items]        
Number of real estate properties sold | jointVenture   1    
Proceeds from sale of real estate held for investment   $ (500,000)    
Net income   $ 100,000    
Number of real estate properties held for sale | property   0    
Single-Family Rental - Operating        
Real Estate [Line Items]        
Loss on transfer of real estate to held for sale   $ 4,800,000    
Net impairment loss   4,900,000    
Proceeds from sale of real estate   5,400,000    
(Loss) gain on sales of investment real estate   $ 100,000