CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 246,070	$ 259,722
Restricted cash	84,492	86,841
Loans held for investment	3,759,873	3,485,607
Current expected credit loss reserve	(34,004)	(36,598)
Loans held for investment, net	3,725,869	3,449,009
Real estate, net	781,629	783,211
Investments in unconsolidated ventures	20,615	20,591
Receivables, net	60,131	54,499
Deferred leasing costs and intangible assets, net	62,697	64,981
Assets held for sale	0	44,345
Other assets	64,531	61,860
Mortgage loans held in securitization trusts, at fair value	754,579	813,310
Total assets	5,800,613	5,638,369
Liabilities
Securitization bonds payable, net	1,461,340	1,500,899
Mortgage and other notes payable, net	719,801	760,583
Credit facilities	1,199,789	905,122
Accrued and other liabilities	103,931	99,814
Intangible liabilities, net	5,878	6,224
Escrow deposits payable	70,004	73,344
Dividends payable	25,525	23,912
Mortgage obligations issued by securitization trusts, at fair value	718,425	777,156
Total liabilities	4,304,693	4,147,054
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	0	0
Common stock	1,296	1,298
Additional paid-in capital	2,856,635	2,855,766
Accumulated deficit	(1,407,495)	(1,410,562)
Accumulated other comprehensive income	9,446	8,786
Total stockholders’ equity	1,459,882	1,455,288
Noncontrolling interests in investment entities	1,384	1,472
Noncontrolling interests in the Operating Partnership	34,654	34,555
Total equity	1,495,920	1,491,315
Total liabilities and equity	5,800,613	5,638,369
Primary beneficiary
Assets
Cash and cash equivalents	5,527	6,720
Restricted cash	10,193	9,658
Loans held for investment, net	1,716,090	1,781,522
Real estate, net	169,728	170,201
Investments in unconsolidated ventures	16,200	16,200
Receivables, net	37,922	12,808
Deferred leasing costs and intangible assets, net	14,036	15,105
Other assets	21,808	21,901
Mortgage loans held in securitization trusts, at fair value	754,579	813,310
Total assets	2,746,083	2,847,425
Liabilities
Securitization bonds payable, net	1,461,340	1,500,899
Mortgage and other notes payable, net	176,506	177,373
Accrued and other liabilities	7,624	6,768
Intangible liabilities, net	5,878	6,224
Escrow deposits payable	2,476	3,484
Mortgage obligations issued by securitization trusts, at fair value	718,425	777,156
Total liabilities	$ 2,372,249	$ 2,471,904