CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
ASSETS
Investment securities available for sale, at fair value		$ 2,013,817	$ 99,559
Equity investments, at fair value		147,116	179,746
Cash and cash equivalents		187,107	244,718
Real estate, net		1,131,819	692,968
Assets of disposal group held for sale		426,017	1,151,784
Other assets		315,357	259,356
Total assets	[1]	7,401,328	6,240,745
Liabilities:
Repurchase agreements		2,471,113	737,023
Collateralized debt obligations ($593,737 at fair value and $1,276,780 at amortized cost, net as of December 31, 2023 and $634,495 at fair value and $1,468,222 at amortized cost, net as of December 31, 2022)		1,870,517	2,102,717
Senior unsecured notes		98,111	97,384
Subordinated debentures		45,000	45,000
Mortgages payable on real estate, net		784,421	394,707
Liabilities of disposal group held for sale		386,024	883,812
Other liabilities		118,016	115,991
Total liabilities	[1]	5,773,202	4,376,634
Commitments and Contingencies (See Note 15)
Redeemable Non-Controlling Interest in Consolidated Variable Interest Entities		28,061	63,803
Stockholders' Equity:
Preferred stock, par value $0.01 per share, 31,500,000 shares authorized, 22,164,414 and 22,284,994 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively ($554,110 and $557,125 aggregate liquidation preference as of December 31, 2023 and December 31, 2022, respectively)		535,445	538,351
Common stock, par value $0.01 per share, 200,000,000 shares authorized, 90,675,403 and 91,193,688 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively		907	912
Additional paid-in capital		2,297,081	2,282,691
Accumulated other comprehensive loss		(4)	(1,970)
Accumulated deficit		(1,253,817)	(1,052,768)
Company's stockholders' equity		1,579,612	1,767,216
Non-controlling interests		20,453	33,092
Total equity		1,600,065	1,800,308
Total Liabilities and Equity		7,401,328	6,240,745
Residential loans
ASSETS
Residential loans, at fair value		3,084,303	3,525,080
Multi-family loans
ASSETS
Multi-family loans, at fair value		$ 95,792	$ 87,534

[1] Our 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 December 31, 2023 and December 31, 2022, assets of consolidated VIEs totaled $3,816,777 and $4,261,097, respectively, and the liabilities of consolidated VIEs totaled $3,076,818 and $3,403,257, respectively. See Note 7 for further discussion.