CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 461,990	$ 69,619
Restricted cash	73,059	126,065
Loans and preferred equity held for investment	2,143,938	2,848,956
Allowance for loan losses	(40,524)	(272,624)
Loans and preferred equity held for investment, net	2,103,414	2,576,332
Real estate securities, available for sale, at fair value	36,250	252,824
Real estate, net	1,133,318	1,484,796
Investments in unconsolidated ventures	424,557	595,305
Receivables, net	80,674	46,456
Deferred leasing costs and intangible assets, net	85,881	112,762
Assets held for sale	203,466	189,470
Other assets	69,658	87,707
Mortgage loans held in securitization trusts, at fair value	1,839,390	1,872,970
Total assets	6,511,657	7,414,306
Liabilities
Securitization bonds payable, net	834,621	833,153
Mortgage and other notes payable, net	1,102,999	1,256,112
Credit facilities	608,632	1,099,233
Due to related party (Note 10)	9,192	11,016
Accrued and other liabilities	111,525	140,424
Intangible liabilities, net	8,443	22,149
Liabilities related to assets held for sale	10,787	294
Escrow deposits payable	37,642	74,497
Dividends payable	0	13,164
Mortgage obligations issued by securitization trusts, at fair value	1,770,924	1,762,914
Total liabilities	4,494,765	5,212,956
Commitments and contingencies (Note 16)
Stockholders’ equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	0	0
Common stock, $0.01 par value per share; Class A, 950,000,000 shares authorized, 128,583,198 and 128,538,703 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	1,286	1,285
Additional paid-in capital	2,842,892	2,909,181
Accumulated deficit	(1,181,747)	(819,738)
Accumulated other comprehensive income	40,954	28,294
Total stockholders’ equity	1,703,385	2,119,022
Noncontrolling interests in investment entities	272,803	31,631
Noncontrolling interests in the Operating Partnership	40,704	50,697
Total equity	2,016,892	2,201,350
Total liabilities and equity	6,511,657	7,414,306
Primary beneficiary
Assets
Cash and cash equivalents	20,471	14,109
Restricted cash	22,009	25,646
Loans and preferred equity held for investment, net	915,738	1,016,781
Real estate, net	415,452	381,608
Investments in unconsolidated ventures	303,347	0
Receivables, net	27,005	26,044
Deferred leasing costs and intangible assets, net	54,392	36,323
Assets held for sale	175,902	102,397
Other assets	23,598	26,463
Mortgage loans held in securitization trusts, at fair value	1,839,390	1,872,970
Total assets	3,797,304	3,502,341
Liabilities
Securitization bonds payable, net	834,621	833,153
Mortgage and other notes payable, net	500,439	341,480
Credit facilities	6,828	23,882
Accrued and other liabilities	111,924	124,969
Intangible liabilities, net	8,018	20,230
Liabilities related to assets held for sale	10,787	251
Escrow deposits payable	5,652	10,485
Mortgage obligations issued by securitization trusts, at fair value	1,770,924	1,762,914
Total liabilities	$ 3,249,193	$ 3,117,364