Restricted Cash, Other Assets and Accrued and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Restricted Cash

The following table presents a summary of restricted cash as of June 30, 2020 and December 31, 2019 (dollars in thousands):

	June 30, 2020		December 31, 2019
Restricted cash:
Borrower escrow deposits	$	50,605	$	74,496
Real estate escrow reserves	19,354		18,020
Capital expenditure reserves	6,499		8,882
Working capital and other reserves	3,882		4,198
Margin pledged as collateral	2,633		19,536
Tenant lockboxes	1,038		933
Total	$	84,011	$	126,065

Summary of Other Assets

The following table presents a summary of other assets as of June 30, 2020 and December 31, 2019 (dollars in thousands):

	June 30, 2020		December 31, 2019
Other assets:
Right-of-use lease asset	$	23,745	$	25,480
Prepaid taxes and deferred tax assets	17,795		21,989
Deferred financing costs, net - credit facilities	10,150		8,382
Prepaid expenses	5,854		5,311
Investment deposits and pending deal costs	807		20,779
Other assets	177		1,644
Derivative asset	7		4,122
Total	$	58,535	$	87,707

Summary of Other Liabilities

The following table presents a summary of accrued and other liabilities as of June 30, 2020 and December 31, 2019 (dollars in thousands):

	June 30, 2020		December 31, 2019
Accrued and other liabilities:
Current and deferred tax liability	$	28,514	$	31,510
Operating lease liability	23,810		25,495
Accounts payable, accrued expenses and other liabilities	22,143		28,278
Interest payable	12,380		16,259
Prepaid rent and unearned revenue	10,611		16,744
Tenant security deposits	2,518		3,005
Unfunded CECL loan allowance	1,925		—
Derivative liability	44		19,133
Total	$	101,945	$	140,424