Equity Investments, at Fair Value - Schedule of Income From Multi-Family Preferred Equity Ownership Interests (Details) - Equity Method Investments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	$ 2,744	$ 5,032	$ 6,348	$ 10,984
EHOF-NYMT Sunset Apartments Preferred, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	694	638	1,373	1,263
Lucie at Tradition Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	777	701	1,534	1,385
Syracuse Apartments and Townhomes, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	925	666	1,630	1,321
Hudson Bridge Apartments, LLC - Series A, Briar Hill Apartments, LLC, Kings Glen Apartments, LLC, Flagstone Apartments, LLC, Brookfield Apartments II, LLC - Series B, and Silber JBSM Properties, LLC (collectively)
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	(66)	306	255	607
Tides on 27th Investors, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	34	501	675	1,298
Rapid City RMI JV LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	380	0	812	0
Palms at Cape Coral, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	0	180	69	357
FF/RMI 20 Midtown, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	0	935	0	1,734
America Walks at Port St. Lucie, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	0	773	0	1,899
1122 Chicago DE, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	0	168	0	419
Bighaus, LLC
Schedule of Equity Method Investments [Line Items]
Change in fair value, gain (loss)	$ 0	$ 164	$ 0	$ 701