Properties (Tables)

12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Summary of Properties

The table below summarizes our properties held as of December 31, 2021 and December 31, 2020 (dollars in thousands):

	Depreciable Life	December 31, 2021		December 31, 2020
Property Segment
Land and land improvements	0 - 15 years	$	175,810	$	484,846
Buildings and building improvements	0 - 45 years	851,274		1,690,701
Furniture & fixtures	3 - 5 years	260		59,632
Investing and Servicing Segment
Land and land improvements	0 - 15 years	41,771		50,585
Buildings and building improvements	3 - 40 years	149,399		179,014
Furniture & fixtures	2 - 5 years	3,143		2,606
Commercial and Residential Lending Segment (1)
Land and land improvements	0 - 7 years	9,691		11,416
Buildings and building improvements	10 - 20 years	12,408		19,251
Construction in progress	N/A	104,088		75,245
Properties, cost		1,347,844		2,573,296
Less: accumulated depreciation		(181,457)		(302,143)
Properties, net		$	1,166,387	$	2,271,153

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(1)Represents properties acquired through loan foreclosure. Refer to Note 5 with respect to the construction in progress properties relating to a residential conversion project.

Summary of Operating Leases

Future rental payments due to us from tenants under existing non-cancellable operating leases for each of the next five years and thereafter are as follows (in thousands):

2022	$	75,549
2023	64,886
2024	58,806
2025	53,890
2026	42,118
Thereafter	202,756
Total	$	498,005