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COMMERCIAL REAL ESTATE INVESTMENTS - CRE Debt and Preferred Equity Investments -Based on Outstanding Principal (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Movement in Mortgage Loans on Real Estate [Roll Forward]      
Net carrying value, beginning balance $ 1,029,327 $ 970,505 $ 1,348,817
Originations & advances (principal) 407,363 273,708  
Principal payments (349,220) (654,117)  
Amortization & accretion of (premium) discounts (16) (314)  
Net (increase) decrease in origination fees (3,922) (2,558)  
Amortization of net origination fees 4,617 4,967 4,263
Net carrying value, ending balance 970,505 1,348,817  
Preferred equity      
Movement in Mortgage Loans on Real Estate [Roll Forward]      
Net carrying value, beginning balance 8,985 8,967 121,773
Originations & advances (principal) 0 0  
Principal payments 0 (113,444)  
Amortization & accretion of (premium) discounts 0 0  
Net (increase) decrease in origination fees 0 0  
Amortization of net origination fees 18 638  
Net carrying value, ending balance 8,967 121,773  
Commercial Mortgage      
Movement in Mortgage Loans on Real Estate [Roll Forward]      
Net carrying value, beginning balance 1,029,327 970,505  
Net carrying value, ending balance 970,505    
Commercial Mortgage | Mezzanine loans      
Movement in Mortgage Loans on Real Estate [Roll Forward]      
Net carrying value, beginning balance 394,442 451,467 578,503
Originations & advances (principal) 69,121 62,390  
Principal payments (127,799) (191,291)  
Amortization & accretion of (premium) discounts 28 (178)  
Net (increase) decrease in origination fees (605) (472)  
Amortization of net origination fees 2,230 2,515  
Net carrying value, ending balance 451,467 578,503  
Commercial Mortgage | Senior mortgages      
Movement in Mortgage Loans on Real Estate [Roll Forward]      
Net carrying value, beginning balance 625,900 510,071 385,838
Originations & advances (principal) 338,242 211,318  
Principal payments (221,421) (86,310)  
Amortization & accretion of (premium) discounts (44) (136)  
Net (increase) decrease in origination fees (3,317) (2,086)  
Amortization of net origination fees 2,369 1,447  
Net carrying value, ending balance 510,071 385,838  
Commercial Mortgage | Senior Securitized Mortgages      
Movement in Mortgage Loans on Real Estate [Roll Forward]      
Net carrying value, beginning balance   0 $ 262,703
Originations & advances (principal)   0  
Principal payments   (263,072)  
Amortization & accretion of (premium) discounts   0  
Net (increase) decrease in origination fees   0  
Amortization of net origination fees   369  
Net carrying value, ending balance 0 262,703  
Commercial Mortgage | Preferred equity      
Movement in Mortgage Loans on Real Estate [Roll Forward]      
Net carrying value, beginning balance 8,985 $ 8,967  
Net carrying value, ending balance $ 8,967