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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents [1] $ 67,878 $ 76,674
Restricted cash [1] 30,572 106,009
Mortgage loan receivables held for investment, net, at amortized cost:    
Mortgage loans held by consolidated subsidiaries [1] 3,318,390 3,282,462
Provision for loan losses [1] (17,900) (4,000)
Mortgage loan receivables held for sale [1] 182,439 230,180
Real estate securities [1] 1,410,126 1,106,517
Real estate and related lease intangibles, net [1] 998,022 1,032,041
Investments in unconsolidated joint ventures [1] 40,354 35,441
FHLB stock [1] 57,915 77,915
Derivative instruments [1] 0 888
Accrued interest receivable [1] 27,214 25,875
Other assets [1] 157,862 55,613
Total assets [1] 6,272,872 6,025,615
Liabilities    
Debt obligations, net [1] 4,452,574 4,379,826
Due to brokers [1] 1,301 14
Derivative instruments [1] 975 2,606
Amount payable pursuant to tax receivable agreement [1] 1,570 1,656
Dividends payable [1] 37,316 30,528
Accrued expenses [1] 82,425 59,619
Other liabilities [1] 53,076 63,220
Total liabilities [1] 4,629,237 4,537,469
Commitments and contingencies (Note 18) [1] 0 0
Equity    
Additional paid-in capital [1] 1,471,157 1,306,136
Treasury stock, 2,701,162 and 2,617,587 shares, at cost [1] (32,815) (31,956)
Retained earnings (dividends in excess of earnings) [1] 11,342 (39,112)
Accumulated other comprehensive income (loss) [1] (4,649) (212)
Total shareholders’ equity [1] 1,445,153 1,234,968
Noncontrolling interest in operating partnership [1] 188,427 240,861
Noncontrolling interest in consolidated joint ventures [1] 10,055 12,317
Total equity [1] 1,643,635 1,488,146
Total liabilities and equity [1] 6,272,872 6,025,615
Class A common stock, par value $0.001 per share, 600,000,000 shares authorized; 106,642,335 and 96,258,847 shares issued and 103,941,173 and 93,641,260 shares outstanding    
Equity    
Common stock [1] 105 94
Class B common stock, par value $0.001 per share, 100,000,000 shares authorized; 13,117,419 and 17,667,251 shares issued and outstanding    
Equity    
Common stock [1] $ 13 $ 18
[1] Includes amounts relating to consolidated variable interest entities. See Note 3.