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Loans and Preferred Equity Held for Investment, net - Narrative (Details)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Nov. 06, 2020
USD ($)
Sep. 30, 2020
USD ($)
loan
Jun. 30, 2020
USD ($)
loan
Mar. 31, 2020
USD ($)
loan
building
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
loan
investment
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
loan
property
Dec. 31, 2018
USD ($)
Mar. 31, 2018
loan
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Maturity period of debt instruments depending upon the asset type (in years)           3 years 7 months 6 days        
Interest receivable   $ 7,600,000       $ 7,600,000   $ 9,800,000    
Provision for loan losses   10,404,000     $ 110,314,000 80,285,000 $ 220,572,000      
Allowance for loan losses               272,600,000    
Effect of CECL adoption           21,093,000 $ 0      
Carrying value of loans               409,700,000    
Assets-held-for-sale, including discontinued operations   $ 0       $ 0   $ 0    
Real estate debt investments with contractual payments past due | loan   0       0   5    
Number of CRE debt investments contributed to more than 10% of interest income | investment           0        
Percent of interest income contributed by investment           10.00%        
Future funding commitments   $ 173,200,000       $ 173,200,000   $ 276,600,000    
Allowance for lending commitments   $ 1,200,000       1,200,000        
Average                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Internal credit risk rating   3.7                
Core                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Provision for loan losses     $ 1,500,000 $ 1,500,000            
Allowance for loan losses   $ 1,600,000       1,600,000        
Effect of CECL adoption           100,000        
Core | Corporate term loans                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of loans classified as held-for-sale | loan     1              
Core | Corporate term loans | Subsequent event                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Proceeds from collection on loans $ 12,100,000                  
COVID-19                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Provision for loan losses       36,800,000            
NY hospitality loans                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Provision for loan losses               $ 154,300,000 $ 53,800,000  
Midwest hospitality                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Bridge loan   19,500,000       19,500,000        
Midwest hospitality | Core                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Proceeds from sale of receivables   24,500,000                
Northeast Office Portfolio | Core                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Provision for loan losses       $ 12,100,000            
Number of loans with potential loss | loan       1            
Number of properties collateralized | building       6            
Allowance for loan losses       $ 20,900,000            
Effect of CECL adoption       8,800,000            
Proceeds from collection on loans   80,700,000                
West Hospitality | Core                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Provision for loan losses   38,000,000.0   2,600,000            
Proceeds from sale of receivables   105,200,000                
Gain (loss) on sales of loans, net   1,500,000 $ (32,800,000)              
Allowance for loan losses       5,200,000            
Effect of CECL adoption       $ 2,600,000            
Number of loans classified as held-for-sale | loan     1              
Legacy, non-strategic portfolio | Midwest Regional Mall | Legacy, Non-Strategic                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of loans, non-accrual status | loan               1    
Impaired financing receivable, recorded impairment               $ 10,600,000    
Proceeds from sale of receivables     $ 8,300,000              
Gain (loss) on sales of loans, net     3,700,000              
NY hospitality loans                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of loans, non-accrual status | loan               4    
NY hospitality loans | Legacy, non-strategic portfolio                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of loans, non-accrual status | loan       4           4
Commercial mortgage, regional mall loans                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Provision for loan losses               $ 26,700,000    
Number of loans with potential loss | loan               3    
Number of properties collateralized | property               2    
Commercial mortgage, regional mall loans | Northeast Regional Mall B                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Provision for loan losses               $ 10,500,000 $ 8,800,000  
Proceeds from sale of receivables       $ 9,200,000            
Gain (loss) on sales of loans, net       1,800,000            
Commercial mortgage, regional mall loans | West Regional Mall                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Provision for loan losses               $ 18,500,000    
Proceeds from sale of receivables     23,500,000              
Gain (loss) on sales of loans, net     $ 6,500,000              
Number of loans with potential loss | loan               2    
Number of properties collateralized | property               1    
Commercial mortgage, regional mall loans | South Regional Mall A                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Proceeds from sale of receivables       22,000,000.0            
Gain (loss) on sales of loans, net       (1,600,000)            
Commercial mortgage, regional mall loans | South Regional Mall B                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Proceeds from sale of receivables       13,500,000            
Gain (loss) on sales of loans, net       8,700,000            
Commercial mortgage                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Carrying value of loans               $ 377,421,000    
Future funding commitments   $ 173,200,000       $ 173,200,000        
Hospitality | Midwest hospitality | Core                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Number of loans, non-accrual status | loan               1    
Provision for loan losses       $ 2,300,000