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Secured Term Loan, Net (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Line Items]  
Schedule of Debt [Table Text Block]
The following table details our secured credit facilities as of March 31, 2020 ($ in thousands):
  
March 31, 2020
 
  
Credit Facility Borrowings
   
Collateral
 
Lender
 
Potential
(1)
 
  
Outstanding
 
  
Available
(1)
 
  
Assets
(2)
 
Deutsche Bank
  $
1,958,510
    $
1,870,556
    $
87,954
    $
2,494,270
 
Barclays
   
1,618,795
     
1,529,553
     
89,242
     
2,023,495
 
Wells Fargo
   
1,492,906
     
1,464,938
     
27,968
     
1,928,798
 
Citibank
   
919,790
     
875,416
     
44,374
     
1,178,568
 
Goldman Sachs
   
555,612
     
555,612
     
—
     
727,728
 
Bank of America
   
538,473
     
443,473
     
95,000
     
749,127
 
Morgan Stanley
   
493,208
     
438,202
     
55,006
      
670,544
 
MetLife
   
434,131
     
434,131
     
—
     
545,573
 
JP Morgan
   
401,865
     
357,639
     
44,226
     
509,766
 
US Bank - Multi. JV
(3)
    
281,872
     
279,552
     
2,320
      
352,340
 
Goldman Sachs - Multi. JV
(3)
    
240,263
     
240,263
     
—
     
306,367
 
Société Générale
   
236,698
     
236,698
     
—
      
300,386
 
Santander
   
235,447
     
235,447
     
—
      
298,865
 
Bank of America - Multi. JV
(3)
    
58,172
     
58,172
     
—
      
72,715
 
                                 
   $
   9,465,742
    $
 9,019,652
    $
   446,090
    $   
12,158,542
  
                                 
                        
 
(1)  
 
Potential borrowings represents the total amount we could draw under each facility based on collateral already approved and pledged. When undrawn, these amounts are immediately available to us at our sole discretion under the terms of each credit facility.
 
(2)
 
Represents the principal balance of the collateral assets.
 
(3)
 
These facilities finance the loan investments of our consolidated Multifamily Joint Venture. Refer to Note 2 for additional discussion of our Multifamily Joint Venture.
 
Secured Debt [Member]  
Debt Disclosure [Line Items]  
Schedule of Debt [Table Text Block]
As of March 31, 2020, the following senior secured term loan facility, or Secured Term Loan, was outstanding ($ in thousands):
                                         
Term Loan Issuance
 
Face Value
 
 
Net Book Value
(1)
 
 
Interest Rate
 
 
All-in
 Cost
(2)
 
 
Maturity
 
Term Loan B
 
$
745,006
 
 
$
734,695
 
 
 
L+2.25
%
 
 
L+2.52
%
 
 
April 23, 2026
 
                        
 
 
 
 
 
 
 
     
(1)  
 
The net book value of our Secured Term Loan was $736.1 million as of December 31, 2019.
(2)
 
Includes issue discount and transaction expenses that are amortized through interest expense over the life of the Secured Term Loan.