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Equity Investments, at Fair Value - Schedule of Income (Loss) From Investments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]      
Unrealized gains (losses), net $ (90,530) $ 97,196 $ (347,363)
Equity investments      
Schedule of Equity Method Investments [Line Items]      
Change in fair value, gain (loss) 7,912 20,462 18,670
Equity investments | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Change in fair value, gain (loss) 12,481 614 (2,166)
Equity investments | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Change in fair value, gain (loss) (4,382) (3,291) (1,430)
Unrealized gains (losses), net (4,400) (3,300) (1,400)
Constructive Loans, LLC | Equity investments | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Change in fair value, gain (loss) 12,481 614 (1,750)
Unrealized gains (losses), net 3,100 (5,200) (1,800)
Morrocroft Neighborhood Stabilization Fund II, LP | Equity investments | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Change in fair value, gain (loss) 0 0 (416)
GWR Cedars Partners, LLC | Equity investments | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Change in fair value, gain (loss) (1,756) (823) (1,050)
GWR Gateway Partners, LLC | Equity investments | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Change in fair value, gain (loss) $ (2,626) $ (2,468) $ (380)