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Mortgage Notes Receivable - Composition of loan portfolio (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
[1]
Nov. 14, 2019
Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 911,744   $ 809,076      
CECL Allowance (10,394)   (10,590) $ (4,096) $ (4,594) $ (1,704)
Carrying value, net $ 901,350   $ 798,486      
Percentage of portfolio 100.00%   100.00%      
2021 $ 597,269   $ 581,765      
2020 239,739   90,775      
2019 3,102   14,395      
2018 6,099   105,099      
2017 65,274   15,953      
Prior $ 261   $ 1,089      
LTV general percent indicating default status 65   65      
Allowances on excess amortized cost over fair value $ 1,500   $ 1,500      
0 - 40%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 53,907   $ 22,601      
Percentage of portfolio 5.90%   2.80%      
2021 $ 32,634   $ 18,112      
2019     3,862      
2018 3,608   261      
2017 17,665          
Prior     366      
41 - 45%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 48,431   $ 68,263      
Percentage of portfolio 5.30%   8.40%      
2021 $ 44,380   $ 44,683      
2020 4,051   20,183      
2019     3,397      
46 - 50%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 63,690   $ 23,864      
Percentage of portfolio 7.00%   2.90%      
2021 $ 41,356   $ 15,917      
2020 21,317   7,224      
2018 1,017          
Prior     723      
51 - 55%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 92,238   $ 76,539      
Percentage of portfolio 10.10%   9.50%      
2021 $ 74,978   $ 57,583      
2020 17,260   2,774      
2019          
2018     16,182      
56 - 60%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 79,039   $ 135,170      
Percentage of portfolio 8.70%   16.70%      
2021 $ 27,115   $ 117,309      
2020 40,190   3,106      
2018     9,639      
2017 11,473   5,116      
Prior 261          
61 - 65%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 559,997   $ 450,253      
Percentage of portfolio 61.40%   55.70%      
2021 $ 372,645   $ 301,964      
2020 146,640   57,488      
2019 3,102   7,136      
2018 1,474   76,139      
2017 36,136   7,526      
66 - 70%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 645   $ 9,416      
Percentage of portfolio 0.10%   1.20%      
2021 $ 645   $ 9,416      
71 - 75%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value     $ 1,983      
Percentage of portfolio 0.00%   0.20%      
2021     $ 1,983      
76 - 80%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value     $ 14,544      
Percentage of portfolio 0.00%   1.80%      
2021     $ 14,544      
Above 80%            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 13,797   $ 6,443      
Percentage of portfolio 1.50%   0.80%      
2021 $ 3,516   $ 254      
2020 10,281          
2018     2,878      
2017     3,311      
Apartments            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 107,765   $ 129,588      
Percentage of portfolio 11.80%   16.00%      
2021 $ 38,232   $ 79,931      
2020 68,356   18,953      
2019 1,177          
2018   24,232      
2017     6,472      
Prior          
Residential Lots            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 111,644   $ 124,548      
Percentage of portfolio 12.20%   15.40%      
2021 $ 85,219   $ 105,830      
2020 26,425   10,291      
2017     8,427      
Prior          
Condos            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 64,492   $ 92,245      
Percentage of portfolio 7.10%   11.40%      
2021 $ 8,805   $ 52,714      
2020 18,227   3,106      
2019     4,405      
2018 1,474   32,020      
2017 35,986          
Single family housing            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 87,902   $ 90,131      
Percentage of portfolio 9.50%   11.10%      
2021 $ 84,703   $ 69,438      
2020 3,049   8,839      
2019     1,028      
2018   10,103      
2017 150          
Prior     723      
Unentitled Land            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 46,019   $ 71,796      
Percentage of portfolio 5.00%   8.90%      
2021 $ 42,411   $ 47,727      
2020          
2019     7,259      
2018 3,608   16,444      
Prior     366      
Townhomes            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 93,300   $ 72,773      
Percentage of portfolio 10.20%   9.00%      
2021 $ 51,240   $ 47,391      
2020 28,979   1,061      
2019     1,703      
2018 1,017   21,564      
2017 11,803   1,054      
Prior 261          
Mixed Use            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 85,929   $ 66,092      
Percentage of portfolio 9.40%   8.20%      
2021 $ 53,530   $ 60,232      
2020 30,474   5,860      
2019 1,925          
Hotel            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 31,665   $ 51,115      
Percentage of portfolio 3.50%   6.30%      
2021 $ 4,886   $ 42,874      
2020 26,779   8,241      
Senior Housing            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 61,236   $ 34,283      
Percentage of portfolio 6.70%   4.20%      
2021 $ 35,899   $ 34,283      
2020 25,337          
Offices            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 15,348   $ 29,540      
Percentage of portfolio 1.70%   3.70%      
2021 $ 8,280   $ 8,495      
2020 7,068   21,045      
2019          
Entitled Land            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 45,098   $ 1,116      
Percentage of portfolio 4.90%   0.10%      
2021 $ 27,763   $ 1,116      
2018          
2017 17,335          
Commercial Lots            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 10,227   $ 15,683      
Percentage of portfolio 1.10%   1.90%      
2021 $ 6,670   $ 15,683      
2020 3,557          
Retail            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 7,873   $ 11,397      
Percentage of portfolio 0.90%   1.40%      
2021 $ 6,385   $ 9,500      
2020 1,488   1,897      
2019          
Storage            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 56,481   $ 11,309      
Percentage of portfolio 6.20%   1.40%      
2021 $ 56,481   $ 704      
2020     10,605      
Quadplex            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 9,769   $ 5,592      
Percentage of portfolio 1.10%   0.70%      
2021 $ 9,769   $ 5,592      
2020          
Commercial            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 61,592   $ 877      
Percentage of portfolio 6.80%   0.10%      
2021 $ 61,592          
2020     $ 877      
Duplex            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 6,324   $ 736      
Percentage of portfolio 0.70%   0.10%      
2021 $ 6,324          
2018   $ 736      
Commercial other            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 9,080   $ 254      
Percentage of portfolio 1.00%   0.10%      
2021 $ 9,080   $ 254      
Vertical Construction            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 471,863   $ 514,136      
Percentage of portfolio 51.80%   63.50%      
2021 $ 236,961   $ 354,012      
2020 184,143   57,090      
2019 1,177   6,853      
2018 1,382   88,655      
2017 47,939   7,526      
Prior 261          
Horizontal Development            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 182,945   $ 153,345      
Percentage of portfolio 20.10%   19.00%      
2021 $ 155,443   $ 129,607      
2020 27,502   15,028      
2019     283      
2018          
2017     8,427      
Prior          
Investment            
Loans and Leases Receivable Disclosure [Line Items]            
Carrying Value $ 256,936   $ 141,595      
Percentage of portfolio 28.10%   17.50%      
2021 $ 204,865   $ 98,146      
2020 28,094   18,657      
2019 1,925   7,259      
2018 4,717   16,444      
2017 17,335          
Prior   1,089      
Unfunded Loan Commitment [Member]            
Loans and Leases Receivable Disclosure [Line Items]            
CECL Allowance [2] (904)   $ 0      
Unfunded Loan Commitment [Member] | Accounts payable and accrued liabilities            
Loans and Leases Receivable Disclosure [Line Items]            
CECL Allowance (900) $ (900)        
Allowances on excess amortized cost over fair value $ 700 $ 700        
[1] The beginning balance on November 15, 2019 (Successor) represents the allowance of the acquirer, BRELF II
[2] CECL allowance related to unfunded commitments is presented as a liability under accounts payable and accrued liabilities in our consolidated balance sheet.