Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and Cash Equivalents	[1]	$ 55,431	$ 39,720
Restricted Cash	[1]	400	1,000
Accounts Receivable	[1]	13	38
Accounts Receivable from Servicer/Trustee	[1]	10,145	96,464
Accrued Interest Receivable	[1]	24,470	20,731
Loans Held for Investment, net (includes $2,663,678 and $2,219,574 pledged as collateral under secured revolving repurchase and secured credit agreements)		4,712,134	4,293,787
Investment in Available-for-Sale Securities (Commercial Mortgage-Backed and Commercial Real Estate Collateralized Loan Obligation Securities) (includes $176,494 and $36,307 pledged as collateral under secured revolving repurchase agreements)		308,294	74,381
Other Assets, Net	[1]	8,174	669
Total Assets	[1]	5,119,061	4,526,790
Liabilities
Accrued Interest Payable	[1]	7,964	6,146
Accrued Expenses	[1]	13,064	8,151
Collateralized Loan Obligations (net of deferred financing costs of $10,161 and $12,447)	[1]	1,251,393	1,509,930
Secured Revolving Repurchase, Senior Secured, and Secured Credit Agreements (net of deferred financing costs of $9,415 and $10,448)		2,065,449	1,494,078
Term Loan Facility (net of deferred financing costs of $1,112 and $758)	[1]	266,549	113,504
Asset-Specific Financings (net of deferred financing costs of $105 and $129)	[1]	32,395	32,371
Payable to Affiliates	[1]	6,486	5,996
Deferred Revenue	[1]	614	463
Dividends Payable	[1]	31,598	28,981
Total Liabilities	[1]	3,675,512	3,199,620
Commitments and Contingencies—See Note 14	[1]
Stockholders’ Equity:
Preferred Stock ($0.001 par value per share; 100,000,000 shares authorized; 125 and 0 shares issued and outstanding, respectively)	[1]
Additional Paid-in-Capital	[1]	1,474,554	1,355,002
Accumulated Deficit	[1]	(29,200)	(25,915)
Accumulated Other Comprehensive (Loss)		(1,879)	(1,985)
Total Stockholders' Equity	[1]	1,443,549	1,327,170
Total Liabilities and Stockholders' Equity	[1]	5,119,061	4,526,790
Common Stock, Undefined Class
Stockholders’ Equity:
Common Stock Value	[1]	73	67
Class A Common Stock
Stockholders’ Equity:
Common Stock Value	[1]	1	1
Total Stockholders' Equity		$ 1	$ 1

[1] The Company’s consolidated Total Assets and Total Liabilities at March 31, 2019 include assets and liabilities of variable interest entities (“VIEs”) of $1.7 billion and $1.3 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities at December 31, 2018 include assets and liabilities of VIEs of $1.9 billion and $1.5 billion, respectively. These assets can be used only to satisfy obligations of the VIEs, and creditors of the VIEs have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details