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

9 Months Ended

Sep. 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 September 30, 2020 and December 31, 2019 (dollars in thousands):

	September 30, 2020		December 31, 2019
Restricted cash:
Borrower escrow deposits	$	37,642	$	74,496
Real estate escrow reserves	18,469		18,020
Working capital and other reserves	6,850		4,198
Capital expenditure reserves	6,653		8,882
Margin pledged as collateral	2,633		19,536
Tenant lockboxes	812		933
Total	$	73,059	$	126,065

Summary of Other Assets

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

	September 30, 2020		December 31, 2019
Other assets:
Prepaid taxes, tax receivable and deferred tax assets	$	27,995	$	21,989
Right-of-use lease asset	23,228		25,480
Deferred financing costs, net - credit facilities	7,833		8,382
Prepaid expenses	7,139		5,311
Derivative asset	1,981		4,122
Investment deposits and pending deal costs	781		20,779
Other assets	701		1,644
Total	$	69,658	$	87,707

Summary of Other Liabilities

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

	September 30, 2020		December 31, 2019
Accrued and other liabilities:
Current and deferred tax liability	$	29,240	$	31,510
Accounts payable, accrued expenses and other liabilities	25,781		28,278
Operating lease liability	23,318		25,495
Interest payable	15,938		16,259
Prepaid rent and unearned revenue	14,382		16,744
Tenant security deposits	1,627		3,005
Unfunded CECL loan allowance	1,202		—
Derivative liability	37		19,133
Total	$	111,525	$	140,424