Real Estate, Net - Narrative (Details) $ in Thousands	3 Months Ended
Mar. 31, 2026 USD ($) property	Mar. 31, 2025 USD ($)
Real Estate [Line Items]
Net payments made on mortgages payable on real estate	$ (56,862)	$ (5,263)
Gains on sale of real estate	9,216	0
Loss on extinguishment of debt	985	0
Net income	86,566	37,065
NET INCOME	86,566	37,065
Impairment of real estate	2,231	3,905
Disposal Group, Held-for-Sale, Not Discontinued Operations
Real Estate [Line Items]
Impairment of real estate		3,600
Single Family
Real Estate [Line Items]
Loss on transfer of real estate to held for sale	2,200	100
Impairment of real estate, recovery impairment loss	2,200	300
Proceeds from sale of real estate	4,300	900
Loss on sale of real estate	$ 600	$ 45
VIE, Primary Beneficiary \| Multifamily
Real Estate [Line Items]
Number of real estate properties sold \| property	1
Proceeds from sale of real estate held for investment	$ 130,700
Net payments made on mortgages payable on real estate	55,000
Gains on sale of real estate	52,300
Loss on extinguishment of debt	700
Net income	37,800
NET INCOME	$ 13,800

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Number of Real Estate Properties Sold

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The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes.

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