v3.26.3
Real Estate Owned - Schedule of Revenues and Operating Expenses of Real Estate Owned Properties (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned $ 31,394 $ 29,009 $ 82,873 $ 69,062
Total operating expenses from real estate owned 22,216 18,489 60,820 47,100
Total interest expense from real estate owned [1] 8,688 9,416 26,811 24,134
Hotel Portfolio        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned 23,704 22,193 59,487 57,808
Total operating expenses from real estate owned 14,619 13,941 39,917 39,251
Total interest expense from real estate owned 4,825 5,203 14,320 19,388
Mixed-Use Property        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total operating expenses from real estate owned 531 934 1,500 3,776
Mixed-Use Property Fixed Rents        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned 1,305 1,569 3,923 5,664
Mixed-Use Property Straight-line Rent Adjustment        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned 0 252 401 434
Mixed-Use Property Variable Rents        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned 136 115 417 323
Mixed-Use Property Amortization of Above and Below Market Leases, Net        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned (0) (295) (589) (983)
Multifamily Properties Fixed Rents        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned 4,752 4,267 14,850 4,803
Multifamily Properties Variable Rents        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned 1,459 871 4,272 976
Multifamily Property Amortization of Below Market Leases, Net        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total revenue from real estate owned 38 37 112 37
Multifamily Properties        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total operating expenses from real estate owned 6,874 3,614 18,868 4,073
Total interest expense from real estate owned [2] 3,863 $ 4,213 12,491 $ 4,746
Land        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Total operating expenses from real estate owned $ 192   $ 535  
[1] During the three and nine months ended September 30, 2026 and 2025, our mixed-use and land real estate owned assets were unlevered.
[2] Such assets are pledged to certain of our repurchase agreements and, accordingly, excludes any allocation of amortization of deferred financing costs related to such repurchase agreement.