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Debt and Preferred Equity Investments - Debt and Preferred Equity Investments (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Carrying Value $ 1,097,202 $ 1,076,542
Senior Financing 6,565,960  
Total floating rate    
Debt Instrument [Line Items]    
Carrying Value 352,650  
Face Value 361,828  
Total fixed rate    
Debt Instrument [Line Items]    
Carrying Value 744,552  
Face Value 758,404  
Senior Mortgage Debt    
Debt Instrument [Line Items]    
Carrying Value 65,291  
Senior Financing $ 0  
Weighted Average Yield at End of Period 4.74%  
Senior Mortgage Debt | Total floating rate    
Debt Instrument [Line Items]    
Carrying Value $ 64,042  
Face Value 64,649  
Senior Mortgage Debt | Total fixed rate    
Debt Instrument [Line Items]    
Carrying Value 1,249  
Face Value 1,250  
Junior Mortgage Debt    
Debt Instrument [Line Items]    
Carrying Value 50,026  
Senior Financing $ 127,000  
Weighted Average Yield at End of Period 7.82%  
Junior Mortgage Debt | Total floating rate    
Debt Instrument [Line Items]    
Carrying Value $ 7,207  
Face Value 12,000  
Junior Mortgage Debt | Total fixed rate    
Debt Instrument [Line Items]    
Carrying Value 42,819  
Face Value 43,000  
Mezzanine Debt    
Debt Instrument [Line Items]    
Carrying Value 718,904  
Senior Financing $ 4,476,210  
Weighted Average Yield at End of Period 5.86%  
Mezzanine Debt | Total floating rate    
Debt Instrument [Line Items]    
Carrying Value $ 281,401  
Face Value 285,179  
Mezzanine Debt | Total fixed rate    
Debt Instrument [Line Items]    
Carrying Value 437,503  
Face Value 449,102  
Preferred Equity    
Debt Instrument [Line Items]    
Carrying Value 262,981  
Senior Financing $ 1,962,750  
Weighted Average Yield at End of Period 9.94%  
Preferred Equity | Total floating rate    
Debt Instrument [Line Items]    
Carrying Value $ 0  
Face Value 0  
Preferred Equity | Total fixed rate    
Debt Instrument [Line Items]    
Carrying Value 262,981  
Face Value $ 265,052  
Minimum | Senior Mortgage Debt | Total fixed rate    
Debt Instrument [Line Items]    
Interest rate 3.50%  
Minimum | Junior Mortgage Debt | Total fixed rate    
Debt Instrument [Line Items]    
Interest rate 6.25%  
Minimum | Mezzanine Debt | Total fixed rate    
Debt Instrument [Line Items]    
Interest rate 2.90%  
Minimum | Preferred Equity | Total fixed rate    
Debt Instrument [Line Items]    
Interest rate 6.50%  
Maximum | Mezzanine Debt | Total fixed rate    
Debt Instrument [Line Items]    
Interest rate 14.30%  
Maximum | Preferred Equity | Total fixed rate    
Debt Instrument [Line Items]    
Interest rate 11.00%  
LIBOR | Minimum | Senior Mortgage Debt | Total floating rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.00%  
LIBOR | Minimum | Junior Mortgage Debt | Total floating rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 7.25%  
LIBOR | Minimum | Mezzanine Debt | Total floating rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.95%  
LIBOR | Maximum | Senior Mortgage Debt | Total floating rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.50%  
LIBOR | Maximum | Mezzanine Debt | Total floating rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 13.61%