Fair Values (Tables)

6 Months Ended

Jun. 30, 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):

	June 30, 2018								December 31, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Derivatives	$	—	$	6,276	$	—	$	6,276	$	—	$	1,214	$	—	$	1,214
Liabilities
Derivatives	$	—	$	1,250	$	—	$	1,250	$	—	$	4,911	$	—	$	4,911

Schedule of Details of Book Value, 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):

	June 30, 2018						December 31, 2017
	Book		Face		Fair		Book		Face		Fair
	Value		Amount		Value		Value		Amount		Value
Financial assets
Cash and cash equivalents	$	107,057	$	107,057	$	107,057	$	69,654	$	69,654	$	69,654
Restricted cash		—		—		—		32,864		32,864		32,864
Loans receivable, net		12,214,565		12,303,596		12,304,909		10,056,732		10,108,226		10,112,331
Financial liabilities
Secured debt agreements, net		7,022,500		7,044,550		7,044,550		5,273,855		5,290,536		5,290,536
Loan participations sold, net		152,855		153,090		153,090		80,415		80,706		80,706
Securitized debt obligations, net		1,283,311		1,292,120		1,294,444		1,282,412		1,292,120		1,292,589
Convertible notes, net		779,416		794,828		808,331		563,911		575,000		610,201