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CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Preferred stock par value per share (in dollars per share) $ 0.01 $ 0.01
Preferred stock shares authorized (in shares) 25,000,000 25,000,000
Preferred stock shares issued (in shares) 0 0
Preferred stock shares outstanding (in shares) 0 0
Common stock par value per share (in dollars per share) $ 0.01 $ 0.01
Common stock shares authorized (in shares) 125,000,000 125,000,000
Common stock shares issued (in shares) 22,921,935 22,142,143
Common stock shares outstanding (in shares) 22,921,935 22,142,143
Mortgage loans $ 888,200 $ 908,600
Property held-for-sale, valuation allowances 2,300 1,800
Secured borrowings, net 630,938 652,747
Investment in debt securities - Basis 274,539 230,408
Investment in debt securities - Gross unrealized loss (27,167) (366)
Investment in debt securities - Gross unrealized gains 0 1,643
Noncontrolling interest [1] 25,214 24,202
Financing Receivable, Allowance for Credit Loss 16,136 1,960
Beneficial interests    
Financing Receivable, Allowance for Credit Loss 7,200 0
Consolidated Entities    
Mortgage loans 316,500 341,800
Secured borrowings, net 271,600 284,800
Noncontrolling interest $ 23,400 $ 22,400
2017-D | Great Ajax Corp    
Noncontrolling Interest, Ownership Percentage by Parent 50.00%  
2018-C | Great Ajax Corp    
Noncontrolling Interest, Ownership Percentage by Parent 63.00%  
[1] As of March 31, 2020 and December 31, 2019 non-controlling interests includes $23.4 million and $22.4 million, respectively, from the 50% and 63% owned joint ventures, which the Company consolidates under U.S. GAAP.