Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Principal Contractual Obligations

Our contractual principal debt repayments as of September 30, 2022 were as follows ($ in thousands):

Year	Secured Debt(1)		Asset-Specific Debt(1)		Term Loans(2)		Senior Secured Notes		Convertible Notes(3)		Total(4)
2022 (remaining)	$	110,784	$	—	$	4,685	$	—	$	—	$	115,469
2023	343,531		—		18,738		—		220,000		582,269
2024	3,369,857		—		18,738		—		—		3,388,595
2025	1,189,147		719,225		18,738		—		—		1,927,110
2026	4,500,298		—		1,299,318		—		—		5,799,616
2027	2,979,756		157,471		5,000		400,000		300,000		3,842,227
Thereafter	719,839		83,066		472,500		—		—		1,275,405
Total obligation	$	13,213,212	$	959,762	$	1,837,717	$	400,000	$	520,000	$	16,930,691

(1)The allocation of repayments under our secured debt and asset-specific debt is based on the earlier of (i) the maturity date of each agreement, or (ii) the maximum maturity date of the collateral loans, assuming all extension options are exercised by the borrower.

(2)The Term Loans are partially amortizing, with an amount equal to 1.0% per annum of the initial principal balance due in quarterly installments. Refer to Note 9 for further details on our term loans.

(3)Reflects the outstanding principal balance of Convertible Notes, excluding any potential conversion premium. Refer to Note 11 for further details on our Convertible Notes.

(4)Total does not include $2.9 billion of consolidated securitized debt obligations, $1.6 billion of non-consolidated senior interests, and $207.8 million of loan participations sold, as the satisfaction of these liabilities will not require cash outlays from us.