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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
[1]
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 68,373 $ 76,674
Restricted cash 44,786 106,009
Mortgage loan receivables held for investment, net, at amortized cost:    
Mortgage loans held by consolidated subsidiaries 3,528,185 3,282,462
Provision for loan losses (7,000) (4,000)
Mortgage loan receivables held for sale 273,636 230,180
Real estate securities 1,100,105 1,106,517
Real estate and related lease intangibles, net 980,859 1,032,041
Investments in unconsolidated joint ventures 34,564 35,441
FHLB stock 77,915 77,915
Derivative instruments 92 888
Accrued interest receivable 27,225 25,875
Other assets 102,554 55,613
Total assets 6,231,294 6,025,615
Debt obligations, net:    
Secured and unsecured debt obligations 4,624,608 4,379,826
Due to brokers 0 14
Derivative instruments 0 2,606
Amount payable pursuant to tax receivable agreement 1,570 1,656
Dividends payable 1,228 30,528
Accrued expenses 38,941 59,619
Other liabilities 61,655 63,220
Total liabilities 4,728,002 4,537,469
Commitments and contingencies (Note 18) 0 0
Equity    
Additional paid-in capital 1,368,548 1,306,136
Treasury stock, 2,677,947 and 2,617,587 shares, at cost (32,684) (31,956)
Dividends in Excess of Earnings (18,659) (39,112)
Accumulated other comprehensive income (loss) (7,880) (212)
Total shareholders’ equity 1,309,437 1,234,968
Noncontrolling interest in operating partnership 184,201 240,861
Noncontrolling interest in consolidated joint ventures 9,654 12,317
Total equity 1,503,292 1,488,146
Total liabilities and equity 6,231,294 6,025,615
Class A common stock, par value $0.001 per share, 600,000,000 shares authorized; 100,634,049 and 96,258,847 shares issued and 97,956,103 and 93,641,260 shares outstanding    
Equity    
Common stock 99 94
Class B common stock, par value $0.001 per share, 100,000,000 shares authorized; 13,317,419 and 17,667,251 shares issued and outstanding    
Equity    
Common stock $ 13 $ 18
[1] Includes amounts relating to consolidated variable interest entities. See Note 3.