Fair Values (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018								December 31, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Derivatives	$	—	$	3,119	$	—	$	3,119	$	—	$	1,214	$	—	$	1,214
Liabilities
Derivatives	$	—	$	2,166	$	—	$	2,166	$	—	$	4,911	$	—	$	4,911

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

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

	March 31, 2018						December 31, 2017
	Carrying		Face		Fair		Carrying		Face		Fair
	Amount		Amount		Value		Amount		Amount		Value
Financial assets
Cash and cash equivalents	$	57,396	$	57,396	$	57,396	$	69,654	$	69,654	$	69,654
Restricted cash		17,082		17,082		17,082		32,864		32,864		32,864
Loans receivable, net		11,081,716		11,140,975		11,142,089		10,056,732		10,108,226		10,112,331
Financial liabilities
Secured debt agreements, net		5,996,880		6,018,670		6,018,670		5,273,855		5,290,536		5,290,536
Loan participations sold, net		117,926		118,189		118,189		80,415		80,706		80,706
Securitized debt obligations, net		1,282,279		1,292,120		1,292,630		1,282,412		1,292,120		1,292,589
Convertible notes, net		778,070		795,000		811,348		563,911		575,000		610,201