Combined Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 108,959	$ 76,218
Cash collateral held by broker	30,811	42,438
Mortgage loan receivables held for investment, net, at amortized cost	1,738,645	1,521,053
Mortgage loan receivables held for sale	571,764	417,955
Real estate securities, available-for-sale	2,407,217	2,815,566
Real estate and related lease intangibles, net	834,779	768,986
Investments in unconsolidated joint ventures	33,797	6,041
FHLB stock	77,915	72,340
Derivative instruments	2,821	423
Due from brokers	0	4
Accrued interest receivable	22,776	24,658
Other assets	65,728	68,553
Total assets	5,895,212	5,814,235
Liabilities
Debt obligations	4,274,723	4,182,954
Derivative instruments	5,504	13,445
Amount payable pursuant to tax receivable agreement	1,910	862
Dividends payable	17,456	0
Accrued expenses	78,142	91,993
Other liabilities	26,069	19,774
Total liabilities	4,403,804	4,309,028
Commitments and contingencies (Note 17)	0	0
Equity
Additional paid-in capital	776,866	725,538
Treasury stock, 548,861 shares, at cost, at December 31, 2015	(5,812)	0
Retained earnings	60,618	44,187
Accumulated other comprehensive income (loss)	(3,556)	15,656
Total shareholders’ equity	828,215	785,432
Noncontrolling interest in operating partnership	657,380	711,674
Noncontrolling interest in consolidated joint ventures	5,813	8,101
Total equity	1,491,408	1,505,207
Total liabilities and equity	5,895,212	5,814,235
Class A common stock
Equity
Common stock, par value $0.01 per share	55	51
Class B common stock
Equity
Common stock, par value $0.01 per share	$ 44	$ 0