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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,254,432 $ 58,171
Restricted cash [1] 29,852 297,575
Mortgage loan receivables held for investment, net, at amortized cost:    
Mortgage loans receivable [1] 2,354,059 3,257,036
Allowance for credit losses (41,507) (20,500)
Mortgage loan receivables held for sale [1] 30,518 122,325
Real estate securities [1] 1,058,298 1,721,305
Real estate and related lease intangibles, net [1] 985,304 1,048,081
Investments in and advances to unconsolidated joint ventures [1] 46,253 48,433
FHLB stock [1] 31,000 61,619
Derivative instruments [1] 299 693
Accrued interest receivable [1] 16,088 21,066
Other assets [1] 116,633 53,348
Total assets [1] 5,881,229 6,669,152
Liabilities    
Debt obligations, net [1] 4,209,864 4,859,873
Dividends payable [1] 27,537 38,696
Accrued expenses [1] 43,876 72,397
Other liabilities [1] 51,527 59,209
Total liabilities [1] 4,332,804 5,030,175
Commitments and contingencies (Note 18) [1] 0 0
Equity    
Additional paid-in capital [1] 1,780,074 1,532,384
Treasury stock, 474,050 and 3,184,269 shares, at cost [1] (62,859) (42,699)
Retained earnings (dividends in excess of earnings) [1] (163,717) (35,746)
Accumulated other comprehensive income (loss) [1] (10,463) 4,218
Total shareholders’ equity [1] 1,543,162 1,458,277
Noncontrolling interest in operating partnership [1] 0 172,054
Noncontrolling interest in consolidated joint ventures [1] 5,263 8,646
Total equity [1] 1,548,425 1,638,977
Total liabilities and equity [1] 5,881,229 6,669,152
Class A Common Stock    
Equity    
Common stock [1] 127 108
Class B Common Stock    
Equity    
Common stock [1] $ 0 $ 12
[1] Includes amounts relating to consolidated variable interest entities. See Note 1 and Note 10.