Fair Values (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes our assets and liabilities measured at fair value on a recurring basis ($ in thousands):

	December 31, 2021								December 31, 2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Derivatives	$	—	$	30,531	$	—	$	30,531	$	—	$	522	$	—	$	522
Liabilities
Derivatives	$	—	$	5,890	$	—	$	5,890	$	—	$	58,915	$	—	$	58,915

Schedule of Details of Carrying Amount, Face Amount, and Fair Value of Financial Instruments

The following table details the book value, face amount, and fair value of the financial instruments described in Note 2 ($ in thousands):

	December 31, 2021						December 31, 2020
	Book Value		Face  Amount		Fair Value		Book Value		Face  Amount		Fair Value
Financial assets
Cash and cash equivalents	$	551,154	$	551,154	$	551,154	$	289,970	$	289,970	$	289,970
Loans receivable, net	21,878,338		22,156,437		22,013,762		16,399,166		16,652,824		16,447,192
Debt securities held-to-maturity, net(1)	78,013		79,200		77,229		75,722		79,200		70,127
Financial liabilities
Secured debt, net	12,280,042		12,299,580		12,299,580		7,880,536		7,896,863		7,896,863
Securitized debt obligations, net	2,838,062		2,855,625		2,850,399		2,922,499		2,940,638		2,923,489
Asset-specific debt, net	393,824		400,699		400,699		391,269		399,699		399,699
Secured term loans, net	1,327,406		1,349,271		1,335,844		1,041,704		1,062,766		1,053,060
Senior secured notes, net	394,010		400,000		399,012		—		—		—
Convertible notes, net	619,876		622,500		630,821		616,389		622,500		621,568

(1)Included in other assets on our consolidated balance sheets.