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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents [1] $ 609,078 $ 548,744
Restricted cash [1] 50,524 72,802
Mortgage loan receivables held for investment, net, at amortized cost:    
Mortgage loans receivable [1] 3,885,746 3,553,737
Allowance for credit losses [1] (20,755) (31,752)
Mortgage loan receivables held for sale [1] 27,391 0
Securities [1] 587,519 703,280
Real estate and related lease intangibles, net [1] 700,136 865,694
Real estate held for sale [1] 0 25,179
Investments in and advances to unconsolidated ventures [1] 6,219 23,154
Derivative instruments [1] 2,038 402
Accrued interest receivable [1] 24,938 13,645
Other assets [1] 78,339 76,367
Total assets [1] 5,951,173 5,851,252
Liabilities    
Debt obligations, net [1] 4,245,697 4,219,703
Dividends payable [1] 32,000 27,591
Accrued expenses [1] 68,227 40,249
Other liabilities [1] 71,688 50,090
Total liabilities [1] 4,417,612 4,337,633
Commitments and contingencies [1] 0 0
Equity    
Additional paid-in capital [1] 1,826,833 1,795,249
Treasury stock, 1,525,429 and 1,400,197 shares, at cost [1] (95,600) (76,324)
Retained earnings (dividends in excess of earnings) [1] (177,005) (207,802)
Accumulated other comprehensive income (loss) [1] (21,009) (4,112)
Total shareholders’ equity [1] 1,533,346 1,507,137
Noncontrolling interests in consolidated ventures [1] 215 6,482
Total equity [1] 1,533,561 1,513,619
Total liabilities and equity [1] 5,951,173 5,851,252
Class A Common Stock    
Equity    
Common stock [1] $ 127 $ 126
[1] Includes amounts relating to consolidated variable interest entities. Refer to Note 2 and Note 10.