XML 63 R47.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Fair Values (Tables)
 3 Months Ended
Mar. 31, 2024
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):
 March 31, 2024December 31, 2023
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets        
Derivatives$— $25,922 $— $25,922 $— $1,890 $— $1,890 
Liabilities
Derivatives$— $990 $— $990 $— $94,817 $— $94,817 
Schedule of Details of Carrying Amount, Face Amount, and Fair Value of Financial Instruments
The following table details the book value, face amount, and fair value of the financial instruments described in Note 2 ($ in thousands):
 March 31, 2024December 31, 2023
 
Book
Value
Face
 Amount
Fair
Value
Book
Value
Face
 Amount
Fair
Value
Financial assets      
Cash and cash equivalents$413,986 $413,986 $413,986 $350,014 $350,014 $350,014 
Loans receivable, net22,437,942 23,317,882 22,275,189 23,210,076 23,923,719 23,015,737 
Financial liabilities
Secured debt, net12,387,289 12,403,449 12,162,645 12,683,095 12,697,058 12,425,609 
Securitized debt obligations, net2,328,073 2,329,456 2,161,784 2,505,417 2,507,514 2,323,441 
Asset-specific debt, net1,061,380 1,064,484 1,051,739 1,000,210 1,004,097 992,357 
Loan participations sold, net334,909 335,280 331,626 337,179 337,721 333,745 
Secured term loans, net2,098,415 2,129,723 2,102,411 2,101,632 2,135,221 2,102,950 
Senior secured notes, net337,083 339,918 302,283 362,763 366,090 327,081 
Convertible notes, net296,166 300,000 273,521 295,847 300,000 272,076