CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real estate and other securities at fair value	$ 9,711,346	$ 8,533,130
Residential mortgage loans, HFS, at fair value	4,307,571	2,461,865
Other assets at fair value	2,311,979	2,005,782
Secured notes and bonds payable, at fair value	185,460	235,770
Accrued expenses and other liabilities at fair value	$ 525,486	$ 51,765
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	51,964,122
Preferred stock, shares outstanding (in shares)	51,964,122
Preferred stock, liquidation preference	$ 1,299,104	$ 1,299,104
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	520,656,256	483,226,239
Common stock, shares outstanding (in shares)	520,656,256	483,226,239
Assets	$ 46,048,957	$ 39,717,084
Liabilities	38,162,647	32,616,046
Variable Interest Entity, Primary Beneficiary
Residential mortgage loans, HFS, at fair value	496,420	1,112,097
Assets	6,321,334	5,566,258
Liabilities	$ 5,182,479	$ 4,682,388