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LOANS - CRE Debt and Preferred Equity Investments - Based on Outstanding Principal (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Real Estate [Roll Forward]    
Principal payments $ (809,045)  
Realized gain (101,248)  
Allowance for loan losses    
Beginning allowance (20,100)  
Ending allowance (169,500) $ (20,100)
Ending balance, carrying value 498,081  
Cumulative Effect, Period of Adoption, Adjustment    
Allowance for loan losses    
Beginning allowance (37,400)  
Ending allowance   (37,400)
Commercial Mortgage    
Real Estate [Roll Forward]    
Beginning balance, carrying value 1,606,091 1,296,803
Originations & advances (principal) 218,464 593,913
Principal payments (221,730) (316,663)
Principal write off (7,000)  
Transfers (109,599) 40,058
Net (increase) decrease in origination fees (1,788) (4,384)
Realized gain 204  
Amortization of net origination fees 5,018 5,571
Allowance for loan losses    
Beginning allowance (12,703)  
Current period allowance (133,152) (9,207)
Write offs 23,687  
Ending allowance (129,933) (12,703)
Ending balance, carrying value 1,372,430 1,606,091
Commercial Mortgage | Cumulative Effect, Period of Adoption, Adjusted Balance    
Real Estate [Roll Forward]    
Beginning balance, carrying value 1,618,794  
Allowance for loan losses    
Ending balance, carrying value   1,618,794
Commercial Mortgage | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for loan losses    
Beginning allowance (7,765)  
Ending allowance   (7,765)
Commercial Mortgage | Senior Mortgages    
Real Estate [Roll Forward]    
Beginning balance, carrying value 499,690 981,202
Originations & advances (principal) 206,090 572,204
Principal payments (77,344) (16,785)
Principal write off 0  
Transfers (245,120) (1,034,754)
Net (increase) decrease in origination fees (1,055) (4,200)
Realized gain 204  
Amortization of net origination fees 2,371 2,023
Allowance for loan losses    
Beginning allowance 0  
Current period allowance (8,648) 0
Write offs 0  
Ending allowance (10,911) 0
Ending balance, carrying value 373,925 499,690
Commercial Mortgage | Senior Mortgages | Cumulative Effect, Period of Adoption, Adjusted Balance    
Real Estate [Roll Forward]    
Beginning balance, carrying value 499,690  
Allowance for loan losses    
Ending balance, carrying value   499,690
Commercial Mortgage | Senior Mortgages | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for loan losses    
Beginning allowance (2,263)  
Ending allowance   (2,263)
Commercial Mortgage | Senior Securitized Mortgages    
Real Estate [Roll Forward]    
Beginning balance, carrying value 936,378 0
Originations & advances (principal) 0 0
Principal payments (144,308) (150,245)
Principal write off 0  
Transfers 142,621 1,083,487
Net (increase) decrease in origination fees (653) 0
Realized gain 0  
Amortization of net origination fees 2,460 3,136
Allowance for loan losses    
Beginning allowance 0  
Current period allowance (57,983) 0
Write offs 0  
Ending allowance (62,149) 0
Ending balance, carrying value 874,349 936,378
Commercial Mortgage | Senior Securitized Mortgages | Cumulative Effect, Period of Adoption, Adjusted Balance    
Real Estate [Roll Forward]    
Beginning balance, carrying value 936,378  
Allowance for loan losses    
Ending balance, carrying value   936,378
Commercial Mortgage | Senior Securitized Mortgages | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for loan losses    
Beginning allowance (4,166)  
Ending allowance   (4,166)
Mezzanine Loans | Commercial Mortgage    
Real Estate [Roll Forward]    
Beginning balance, carrying value 170,023 315,601
Originations & advances (principal) 12,374 21,709
Principal payments (78) (149,633)
Principal write off (7,000)  
Transfers (7,100) (8,675)
Net (increase) decrease in origination fees (80) (184)
Realized gain 0  
Amortization of net origination fees 187 412
Allowance for loan losses    
Beginning allowance (12,703)  
Current period allowance (66,521) (9,207)
Write offs 23,687  
Ending allowance (56,873) (12,703)
Ending balance, carrying value 124,156 170,023
Mezzanine Loans | Commercial Mortgage | Cumulative Effect, Period of Adoption, Adjusted Balance    
Real Estate [Roll Forward]    
Beginning balance, carrying value 182,726  
Allowance for loan losses    
Ending balance, carrying value   182,726
Mezzanine Loans | Commercial Mortgage | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for loan losses    
Beginning allowance $ (1,336)  
Ending allowance   $ (1,336)