XML 90 R75.htm IDEA: XBRL DOCUMENT v3.22.1
Secured Borrowings - Secured Financing Agreements (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Secured Borrowings      
Secured financing agreements, net $ 11,531,571   $ 12,576,850
Revolving credit facility      
Secured Borrowings      
Maximum borrowing capacity 150,000    
Equity interests in certain subsidiaries used to secure facilities 4,800,000    
Borrowing Base Facility      
Secured Borrowings      
Maximum Facility Size 650,000    
Maximum facility size subject to certain conditions $ 750,000    
Borrowing Base Facility | Forecast      
Secured Borrowings      
Maximum Facility Size   $ 450,000  
Property Mortgages - Fixed rate      
Secured Borrowings      
Maturity period 5 years 3 months 18 days    
Term Loan Facility      
Secured Borrowings      
Maximum borrowing capacity $ 786,800    
Floor interest rate (as a percent) 0.75%    
SOFR | Revolving credit facility      
Secured Borrowings      
Coupon Rate 2.50%    
LIBOR + 2.50% | Term Loan Facility      
Secured Borrowings      
Pricing margin 2.50%    
Maximum borrowing capacity $ 390,000    
LIBOR + 3.25% | Term Loan Facility      
Secured Borrowings      
Pricing margin 3.25%    
Maximum borrowing capacity $ 396,800    
Secured Borrowings      
Secured Borrowings      
Pledged Asset Carrying Value 15,534,761    
Maximum Facility Size 21,155,715    
Long term debt, gross 11,604,153   12,654,420
Unamortized net discount (12,862)   (13,350)
Unamortized deferred financing costs (59,720)   (64,220)
Secured financing agreements, net 11,531,571   12,576,850
Secured Borrowings | Borrowing Base Facility      
Secured Borrowings      
Pledged Asset Carrying Value 193,173    
Maximum Facility Size 750,000    
Long term debt, gross 100,742   213,478
Secured Borrowings | Commercial Financing Facilities      
Secured Borrowings      
Pledged Asset Carrying Value 255,131    
Maximum Facility Size 241,981    
Long term debt, gross $ 207,051   167,476
Secured Borrowings | Residential Financing Facility      
Secured Borrowings      
Coupon Rate 2.45%    
Pledged Asset Carrying Value $ 386,635    
Maximum Facility Size 500,000    
Long term debt, gross 22,948   102,018
Secured Borrowings | Infrastructure Financing Facilities      
Secured Borrowings      
Pledged Asset Carrying Value 820,121    
Maximum Facility Size 1,250,000    
Long term debt, gross $ 653,312   855,646
Secured Borrowings | Property Mortgages - Fixed rate      
Secured Borrowings      
Coupon Rate 4.35%    
Pledged Asset Carrying Value $ 387,022    
Maximum Facility Size 272,321    
Long term debt, gross 272,321   272,522
Secured Borrowings | Property Mortgages - Variable rate      
Secured Borrowings      
Pledged Asset Carrying Value 655,967    
Maximum Facility Size 654,900    
Long term debt, gross 640,541   712,493
Secured Borrowings | Term Loan and Revolver      
Secured Borrowings      
Maximum Facility Size 936,756    
Long term debt, gross 786,756   788,753
Secured Borrowings | Other Secured Financing      
Secured Borrowings      
Pledged Asset Carrying Value 2,698,049    
Maximum Facility Size 4,605,958    
Long term debt, gross 2,683,671   3,112,386
Secured Borrowings | First Mortgage and Mezzanine      
Secured Borrowings      
Long term debt, gross $ 600,000    
Secured Borrowings | Index | Commercial Financing Facilities      
Secured Borrowings      
Pricing margin 1.66%    
Secured Borrowings | Index | Infrastructure Financing Facilities      
Secured Borrowings      
Pricing margin 2.03%    
Secured Borrowings | LIBOR | First Mortgage and Mezzanine      
Secured Borrowings      
Coupon Rate 3.34%    
Secured Borrowings | LIBOR | First Mortgage and Mezzanine | Weighted-average      
Secured Borrowings      
Pricing margin 2.07%    
Secured Borrowings | SOFR | Borrowing Base Facility      
Secured Borrowings      
Pricing margin 2.11%    
Commercial Loan      
Secured Borrowings      
Maximum Facility Size $ 10,700,000    
Secured financing agreements, net 2,100,000    
Line of credit capacity if conditions are met $ 11,600,000    
Commercial Loan | Index | Weighted-average      
Secured Borrowings      
Pricing margin 2.35%    
Commercial Loan | Secured Borrowings      
Secured Borrowings      
Pledged Asset Carrying Value $ 9,013,669    
Maximum Facility Size 11,572,553    
Long term debt, gross $ 6,121,160   6,556,438
Commercial Loan | Secured Borrowings | Index      
Secured Borrowings      
Pricing margin 1.98%    
Residential Loans | Secured Borrowings      
Secured Borrowings      
Pledged Asset Carrying Value $ 1,965,289    
Maximum Facility Size 2,850,000    
Long term debt, gross $ 1,594,785   1,744,225
Residential Loans | Secured Borrowings | Index      
Secured Borrowings      
Pricing margin 1.93%    
Infrastructure Loans | Secured Borrowings      
Secured Borrowings      
Pledged Asset Carrying Value $ 310,044    
Maximum Facility Size 650,000    
Long term debt, gross $ 256,044   379,095
Infrastructure Loans | Secured Borrowings | LIBOR      
Secured Borrowings      
Pricing margin 2.00%    
Conduit Loans | Secured Borrowings      
Secured Borrowings      
Pledged Asset Carrying Value $ 333,827    
Maximum Facility Size 650,000    
Long term debt, gross $ 260,177   174,130
Conduit Loans | Secured Borrowings | Index      
Secured Borrowings      
Pricing margin 2.04%    
CMBS/RMBS      
Secured Borrowings      
Coupon Rate 3.20%    
Secured financing agreements, net $ 240,500    
Amount outstanding on a repurchase facility not subject to margin calls 240,500    
Amount outstanding on repurchase facility $ 38,800    
Pro rata share owned by a non-controlling partner in a consolidated joint venture 49.00%    
CMBS/RMBS | Certain Facilities      
Secured Borrowings      
Secured financing agreements, net $ 284,100    
Rolling maturity period 11 months    
Maturity period 12 months    
CMBS/RMBS | Index | Weighted-average      
Secured Borrowings      
Coupon Rate 1.89%    
CMBS/RMBS | Secured Borrowings      
Secured Borrowings      
Pledged Asset Carrying Value $ 1,213,883    
Maximum Facility Size 827,204    
Long term debt, gross 688,316   688,146
Repurchase Agreements | Secured Borrowings      
Secured Borrowings      
Pledged Asset Carrying Value 12,836,712    
Maximum Facility Size 16,549,757    
Long term debt, gross $ 8,920,482   $ 9,542,034