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Fair Values (Tables)
 9 Months Ended
Sep. 30, 2023
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):
 September 30, 2023December 31, 2022
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets        
Derivatives$— $114,558 $— $114,558 $— $7,349 $— $7,349 
Liabilities
Derivatives$— $328 $— $328 $— $119,665 $— $119,665 
Schedule of Details of Carrying Amount, Face Amount, and Fair Value of Financial Instruments
The following table details the book value, face amount, and fair value of the financial instruments described in Note 2 ($ in thousands):
 September 30, 2023December 31, 2022
 
Book
Value
Face
 Amount
Fair
Value
Book
Value
Face
 Amount
Fair
Value
Financial assets      
Cash and cash equivalents$421,495 $421,495 $421,495 $291,340 $291,340 $291,340 
Loans receivable, net23,252,478 23,849,497 23,007,371 24,691,743 25,160,343 24,445,042 
Financial liabilities
Secured debt, net12,793,344 12,809,913 12,466,689 13,528,164 13,549,748 13,121,306 
Securitized debt obligations, net2,509,254 2,512,511 2,309,845 2,664,010 2,673,541 2,597,377 
Asset-specific debt, net930,757 935,435 924,278 942,503 950,278 934,815 
Loan participations sold, net275,184 275,697 269,646 224,232 224,744 217,717 
Secured term loans, net2,104,824 2,140,720 2,097,253 2,114,549 2,157,218 2,103,943 
Senior secured notes, net362,981 366,590 308,784 395,166 400,000 343,665 
Convertible notes, net295,527 300,000 267,468 514,257 520,000 478,232