XML 88 R79.htm IDEA: XBRL DOCUMENT v3.22.2.2
Agreements and Transactions with Related Parties - Other Related Party (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2022
USD ($)
Apr. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Feb. 28, 2022
USD ($)
Dec. 31, 2021
USD ($)
Oct. 31, 2021
USD ($)
Jan. 31, 2021
Mar. 31, 2020
USD ($)
Jan. 31, 2019
USD ($)
Jun. 30, 2018
USD ($)
property
loan
Sep. 30, 2022
USD ($)
shares
Sep. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Sep. 30, 2022
USD ($)
shares
Sep. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
item
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
loan
Dec. 31, 2017
USD ($)
item
loan
property
Dec. 31, 2016
USD ($)
property
Dec. 31, 2015
USD ($)
Agreements and transactions with related parties                                          
Due from related party         $ 84,318           $ 24,740     $ 24,740              
Due to related party         26,570           5,564     5,564              
Base spread (as a percent)           3.00%                              
Proceeds from bridge loan on a multi family property     $ 50,000     $ 67,000                              
Investment made                           $ 5,418,113 $ 5,174,313            
Indirect ownership percentage                           9.20%              
Distribution received                     5,000     $ 11,000              
CMBS/Conduit                                          
Agreements and transactions with related parties                                          
Loans assumed         26,000                                
Retail property                                          
Agreements and transactions with related parties                                          
Property purchased         $ 32,500                                
Mature date of April 2030 | Private Label                                          
Agreements and transactions with related parties                                          
Fixed rate of interest (as a percent)                               3.10%          
Maturity date of March 2030 | Private Label | Lexford Portfolio                                          
Agreements and transactions with related parties                                          
Principal amount               $ 34,600                          
Fixed rate of interest (as a percent)               3.30%                          
Maturity date of March 2025 | SOFR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent) 5.50%                                        
Bridge loans | Single-Family Rental                                          
Agreements and transactions with related parties                                          
Interest income recorded                       $ 300     1,000            
Loan committed                           10,000   $ 32,500          
Loan committed upsized                     41,500     41,500              
Investment made                               $ 3,500          
Bridge loans | Maturity date of June 2021 | Lexford Portfolio                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                   4.00%                      
Paydowns of principal made by borrower                                 $ 250,000        
Unsecured financing provided by an unsecured lender to certain parent entities of the property owners                     50,000     50,000              
Distribution received                     11,000                    
Bridge loan, six multifamily properties                                          
Agreements and transactions with related parties                                          
UPB converted to a mezzanine loan                 $ 2,000                        
ACM, Certain executives and Consortium of independent outside investors | AMAC III                                          
Agreements and transactions with related parties                                          
Interest income recorded                     500 300   1,200 900            
Amount invested                     $ 25,200     $ 25,200     $ 30,000        
Ownership interest (as a percent)                     18.00%     18.00%              
ACM, Certain executives and Consortium of independent outside investors | Private Label | AMAC III                                          
Agreements and transactions with related parties                                          
Percentage of ownership interest of related party in the entity                                 100.00%        
Fixed rate of interest (as a percent)                                 3.735%        
Amount of loan to related party                                 $ 15,600        
ACM, Certain executives and Consortium of independent outside investors | Mature date of April 2030 | Private Label                                          
Agreements and transactions with related parties                                          
Principal amount                         $ 63,400                
ACM, Certain executives and Consortium of independent outside investors | Mezzanine loans | Mature date of April 2030                                          
Agreements and transactions with related parties                                          
Fixed rate of interest (as a percent)                               9.00%          
ACM, Certain executives and Consortium of independent outside investors | AMAC III                                          
Agreements and transactions with related parties                                          
Loss on investment                     $ 700     $ 1,800              
ACM | Residential Mortgage Banking Company                                          
Agreements and transactions with related parties                                          
Interest income recorded                     300 5,400   6,400 32,700            
Acquisition purchase price                                         $ 9,600
Noncontrolling interest in equity method investment acquired (as a percent)                                         50.00%
Indirect ownership percentage             12.30%                           22.50%
Cash distribution received                     $ 7,300 4,700   $ 22,300 23,400            
ACM | ACM Acquisition                                          
Agreements and transactions with related parties                                          
Number of shares held by related party | shares                     2,535,870     2,535,870              
OP units hold as part of acquisition | shares                           10,634,024              
Aggregate percentage of voting power held by related party                     7.00%     7.00%              
ACM | Preferred equity investments | Single-Family Rental                                          
Agreements and transactions with related parties                                          
Investment made                               $ 4,600          
ACM | Bridge loans                                          
Agreements and transactions with related parties                                          
Equity participation interest (as a percentage)                               18.90%          
ACM | Bridge loans | Single-Family Rental                                          
Agreements and transactions with related parties                                          
Loan committed                           $ 35,000   $ 30,500          
Loan committed upsized                     $ 38,800     38,800              
Investment made                           9,000              
ACM | Bridge loans | Matures in May 2023 | LIBOR                                          
Agreements and transactions with related parties                                          
Principal amount                     13,600     13,600              
Consortium of investors including other unaffiliated investors, certain of officers and chief executive officer | Maturity date of August 2022 | One multifamily property                                          
Agreements and transactions with related parties                                          
Principal amount                               $ 35,400          
Consortium of investors including other unaffiliated investors, certain of officers and chief executive officer | Maturity date of January 2019 | Multifamily Portfolio                                          
Agreements and transactions with related parties                                          
Number of properties owned | item                               2          
Consortium of investors including other unaffiliated investors, certain of officers and chief executive officer | Preferred equity investments | Maturity date of September 2019 | Multifamily Portfolio                                          
Agreements and transactions with related parties                                          
Equity investment                               $ 3,400          
Consortium of investors including other unaffiliated investors, certain of officers and chief executive officer | Bridge loan, one multifamily property                                          
Agreements and transactions with related parties                                          
Principal amount                                 34,000        
Consortium of investors including other unaffiliated investors, certain of officers and chief executive officer | Bridge loan, one multifamily property | Maturity date of August 2022                                          
Agreements and transactions with related parties                                          
Principal amount                               $ 34,000          
Variable rate, spread (as a percent)                               3.50%          
Consortium of investors including other unaffiliated investors, certain of officers and chief executive officer | Bridge loan, two multifamily properties | Maturity date of January 2019                                          
Agreements and transactions with related parties                                          
Principal amount                               $ 14,800          
Percentage of ownership interest of related party in the entity                               50.00%          
Consortium of investors including an immediate family member of our officers | Multifamily Portfolio | Fannie Mae Mortgage                                          
Agreements and transactions with related parties                                          
Principal amount                                     $ 46,900    
Interest income recorded                           100              
Percentage of ownership interest of related party in the entity                                     17.60%    
Percentage of maximum loss-sharing obligation unpaid principal balance                                     5.00%    
Consortium of investors including an immediate family member of our officers | Bridge loan, one multifamily property                                          
Agreements and transactions with related parties                                          
Principal amount                                 $ 7,000        
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loans | Maturity date of June 2021                                          
Agreements and transactions with related parties                                          
Percentage of ownership interest of related party in the entity                                   75.00%      
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loans | Maturity date of 2020                                          
Agreements and transactions with related parties                                          
Interest income recorded                       500     1,400            
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, several multifamily properties | Maturity date of January 2021                                          
Agreements and transactions with related parties                                          
Due to related party                                   $ 9,400      
Interest income recorded                             300            
Percentage of ownership interest of related party in the entity                                   75.00%      
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, several multifamily properties | Maturity date of January 2021 | LIBOR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                                   5.00%      
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, several multifamily properties | Maturity date of January 2022 | LIBOR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                                   1.25%      
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, one multifamily property | Maturity date of June 2021                                          
Agreements and transactions with related parties                                          
Principal amount                                   $ 21,700      
Interest income recorded                     400 300   1,000 1,000            
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, one multifamily property | Maturity date of June 2021 | LIBOR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                                   4.75%      
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, one multifamily property | Maturity date of August 2023 | LIBOR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                                   0.25%      
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, two multifamily properties | Maturity date of October 2021                                          
Agreements and transactions with related parties                                          
Principal amount                                     $ 31,100    
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, two multifamily properties | Maturity date of October 2021 | LIBOR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                                     4.00%    
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, two multifamily properties | Maturity date of 2020                                          
Agreements and transactions with related parties                                          
Principal amount                                     $ 28,000    
Base spread (as a percent)                                     5.25%    
Interest income recorded                           800              
Percentage of ownership interest of related party in the entity                                     45.00%    
Number of properties owned | property                                     2    
Number of bridge loans originated | item                                     2    
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, two multifamily properties | Maturity date of 2020 | Minimum                                          
Agreements and transactions with related parties                                          
LIBOR floor (as a percentage)                                     1.24%    
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, two multifamily properties | Maturity date of 2020 | Maximum                                          
Agreements and transactions with related parties                                          
LIBOR floor (as a percentage)                                     1.54%    
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, two multifamily properties | Maturity date of January 2019                                          
Agreements and transactions with related parties                                          
Interest income recorded                     $ 100 100   $ 200 200            
Certain certain officers, chief executive officer, and other unaffiliated investors | Bridge loan, two multifamily properties | Maturity date of October 2022                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                                     1.80%    
Chairman and Chief executive officer | Minimum                                          
Agreements and transactions with related parties                                          
Ownership interest limit of our common stock under company charter (as a percent)                     5.00%     5.00%              
Mr. Ivan Kaufman                                          
Agreements and transactions with related parties                                          
Percentage of our former Manager's outstanding membership interest of related party in another related party                     35.00%     35.00%              
Director                                          
Agreements and transactions with related parties                                          
Number of portfolios of multifamily properties                     2     2              
Director | Ginkgo Investment Company LLC                                          
Agreements and transactions with related parties                                          
Percentage of managing member                                     33.00%    
Immediate family member of chief executive officer                                          
Agreements and transactions with related parties                                          
Percentage of ownership interest of related party in the entity         10.00%                                
Immediate family member of chief executive officer | Matures in October 2023 | Preferred equity interest financing agreement                                          
Agreements and transactions with related parties                                          
Interest income recorded                     $ 300                    
Immediate family member of chief executive officer | Maturity date of March 2025                                          
Agreements and transactions with related parties                                          
Percentage of ownership interest of related party in the entity 10.00%                                        
Immediate family member of chief executive officer | Preferred equity investments | Matures in October 2023                                          
Agreements and transactions with related parties                                          
Fixed rate of interest (as a percent)                               12.00%          
Immediate family member of chief executive officer | Preferred equity investments | Matures in April 2023                                          
Agreements and transactions with related parties                                          
Fixed rate of interest (as a percent)                               12.00%          
Immediate family member of chief executive officer | Bridge loans                                          
Agreements and transactions with related parties                                          
Equity participation interest (as a percentage)                               21.80%          
Immediate family member of chief executive officer | Bridge loans | Matures in October 2023                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                               5.50%          
Interest income recorded                       100   $ 800 400            
Immediate family member of chief executive officer | Bridge loans | Matures in October 2023 | LIBOR                                          
Agreements and transactions with related parties                                          
LIBOR floor (as a percentage)                               0.75%          
Immediate family member of chief executive officer | Bridge loans | Matures in May 2023 | LIBOR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                               5.50%          
LIBOR floor (as a percentage)                               0.75%          
Immediate family member of chief executive officer | Bridge loans | Matures in April 2023                                          
Agreements and transactions with related parties                                          
Interest income recorded                     500 100   1,000 400            
Lexford Portfolio | Bridge loans | Maturity date of June 2021                                          
Agreements and transactions with related parties                                          
Principal amount                   $ 280,500                      
Number of bridge loans originated | loan                   12                      
Number of multifamily properties renovated | property                   72                      
Maximum exposure under guaranty                     606,900     606,900              
Entity controlled by our chief executive officer                                          
Agreements and transactions with related parties                                          
Reimbursement for flights chartered by the company's executives                           1,000 100            
Certain Officers and Managers | Mezzanine loans | Maturity date of January 2024                                          
Agreements and transactions with related parties                                          
Fixed rate of interest (as a percent)                 10.00%                        
Certain Officers and Managers | Bridge loan, six multifamily properties | Maturity date of 2019                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                                 4.50%        
Interest income recorded                           $ 100              
Number of properties owned | property                                       6  
Proceeds from repayment in full                                 $ 10,900   $ 6,800    
Number of bridge loans paid off                                 28,300 4 1    
Remaining bridge loan from repayment                                 $ 12,900        
Certain Officers and Managers | Bridge loan, six multifamily properties | Maturity date of 2019 | LIBOR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                                 0.25%        
Certain Officers and Managers | Bridge loan, six multifamily properties | Maturity date of 2019 | Minimum                                          
Agreements and transactions with related parties                                          
Percentage of ownership interest of related party in the entity                                       10.50%  
Certain Officers and Managers | Bridge loan, six multifamily properties | Maturity date of 2019 | Maximum                                          
Agreements and transactions with related parties                                          
Percentage of ownership interest of related party in the entity                                       12.00%  
Certain Officers and Managers | Bridge loan, six multifamily properties | Maturity date of January 2019                                          
Agreements and transactions with related parties                                          
Principal amount                                       $ 48,000  
Ginkgo Investment Company LLC | Fannie Mae Mortgage                                          
Agreements and transactions with related parties                                          
Percentage of maximum loss-sharing obligation unpaid principal balance                                     20.00%    
Loan purchased a multifamily apartment complex which assumed                                     $ 8,300    
Percentage of ownership after transaction                           3.60%              
Percentage of loan assumption fee                                     1.00%    
Servicing revenue                           $ 100              
Consortium of affiliated investors | Lexford Portfolio                                          
Agreements and transactions with related parties                                          
Management fee, percentage of gross revenues of underlying properties                           4.75%              
Real estate investment fund sponsored and managed by Chief executive officer and immediate family member of chief executive officer | Bridge loans | Maturity date of March 2024                                          
Agreements and transactions with related parties                                          
Interest income recorded                     1,000 $ 700   $ 2,500 $ 1,400            
Real estate investment fund sponsored and managed by Chief executive officer and immediate family member of chief executive officer | Bridge loans | Maturity date of March 2024 | LIBOR                                          
Agreements and transactions with related parties                                          
Base spread (as a percent)                         3.75%                
LIBOR floor (as a percentage)                         0.25%                
Real estate investment fund sponsored and managed by Chief executive officer and immediate family member of chief executive officer | Bridge loans | Maturity date of March 2025                                          
Agreements and transactions with related parties                                          
Principal amount $ 46,200     $ 39,400                                  
Interest income recorded                     100     100              
Real estate investment fund sponsored and managed by Chief executive officer and immediate family member of chief executive officer | Bridge loans | Maturity date of March 2025 | LIBOR                                          
Agreements and transactions with related parties                                          
Equity participation interest (as a percentage)       2.25%                                  
Base spread (as a percent)       4.00%                                  
LIBOR floor (as a percentage)       0.25%                                  
Real estate investment fund sponsored and managed by Chief executive officer and immediate family member of chief executive officer | Bridge loans | Maturity date of March 2025 | SOFR                                          
Agreements and transactions with related parties                                          
Equity participation interest (as a percentage) 70.00%                                        
Real estate investment fund sponsored and managed by Chief executive officer and immediate family member of chief executive officer | Bridge loans | Maturity date of May 2025                                          
Agreements and transactions with related parties                                          
Principal amount   $ 67,100                                      
Interest income recorded                     $ 100     $ 100              
Real estate investment fund sponsored and managed by Chief executive officer and immediate family member of chief executive officer | Bridge loans | Maturity date of May 2025 | SOFR                                          
Agreements and transactions with related parties                                          
Equity participation interest (as a percentage)   2.25%                                      
Base spread (as a percent)   4.625%                                      
LIBOR floor (as a percentage)   0.25%                                      
LLC | LLC                                          
Agreements and transactions with related parties                                          
Amount invested         $ 4,200                                
Ownership interest (as a percent)         49.30%                                
Promissory note with AMC                                          
Agreements and transactions with related parties                                          
Outstanding principal balance of related party financing           $ 40,000