Fair Values (Tables)

12 Months Ended

Dec. 31, 2020

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):

	December 31, 2020								December 31, 2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Derivatives	$	—	$	522	$	—	$	522	$	—	$	1,079	$	—	$	1,079
Liabilities
Derivatives	$	—	$	58,915	$	—	$	58,915	$	—	$	42,263	$	—	$	42,263

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):

	December 31, 2020						December 31, 2019
	Book Value		Face Amount		Fair Value		Book Value		Face Amount		Fair Value
Financial assets
Cash and cash equivalents	$	289,970	$	289,970	$	289,970	$	150,090	$	150,090	$	150,090
Loans receivable, net		16,399,166		16,652,824		16,447,192		16,164,801		16,277,343		16,279,904
Debt securities held-to-maturity(1)		75,722		79,200		70,127		86,638		88,958		88,305
Financial liabilities
Secured debt agreements, net		7,880,536		7,896,863		7,896,863		9,731,426		9,753,059		9,753,059
Securitized debt obligations, net		2,922,499		2,940,638		2,923,489		1,187,084		1,189,642		1,189,368
Asset-specific debt agreements, net		391,269		399,699		399,699		323,504		330,879		330,879
Secured term loans, net		1,041,704		1,062,766		1,053,060		736,142		746,878		750,769
Convertible notes, net		616,389		622,500		621,568		613,071		622,500		665,900

(1) Included in other assets on our consolidated balance sheets.