Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Principal Contractual Obligations

Our contractual principal debt repayments as of March 31, 2021 were as follows ($ in thousands): 

			Payment Timing
	Total		Less Than		1 to 3		3 to 5		More Than
	Obligation		1 Year		Years		Years		5 Years
Principal repayments under secured debt agreements(1)	$	8,142,728	$	487,802	$	2,909,143	$	4,052,182	$	693,601
Principal repayments under asset-specific debt agreements(1)		438,433		—		316,437		121,996		—
Principal repayments of secured term loans(2)		1,259,575		12,763		25,526		25,526		1,195,760
Principal repayments of convertible notes(3)		622,500		—		622,500		—		—
Total(4)	$	10,463,236	$	500,565	$	3,873,606	$	4,199,704	$	1,889,361

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(1)	The allocation of repayments under our secured debt agreements and asset-specific debt agreements is based on the earlier of (i) the maturity date of each agreement, or (ii) the maximum maturity date of the collateral loans, assuming all extension options are exercised by the borrower.
(2)	The Secured Term Loans are partially amortizing, with an amount equal to 1.0% per annum of the principal balance due in quarterly installments. Refer to Note 8 for further details on our secured term loans.
(3)	Reflects the outstanding principal balance of Convertible Notes, excluding any potential conversion premium. Refer to Note 9 for further details on our Convertible Notes.
(4)	Total does not include $2.9 billion of consolidated securitized debt obligations, $616.5 million of non-consolidated securitized debt obligations, and $889.9 million of non-consolidated senior interests, as the satisfaction of these liabilities will not require cash outlays from us.