CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 203,306	$ 257,506
Restricted cash	85,424	104,583
Loans held for investment	2,754,341	2,936,506
Current expected credit loss reserve	(171,330)	(76,028)
Loans held for investment, net	2,583,011	2,860,478
Real estate, net	736,870	807,985
Receivables, net	40,890	41,451
Deferred leasing costs and intangible assets, net	50,479	58,971
Assets held for sale	26,967	19,600
Other assets	50,822	47,680
Total assets	3,777,769	4,198,254
Liabilities
Securitization bonds payable, net	863,764	912,545
Mortgage and other notes payable, net	640,057	650,293
Credit facilities	998,699	1,152,723
Accrued and other liabilities	77,068	85,501
Intangible liabilities, net	3,450	4,138
Escrow deposits payable	69,542	88,603
Dividends payable	26,126	25,985
Total liabilities	2,678,706	2,919,788
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	0	0
Common stock	1,306	1,300
Additional paid-in capital	2,866,030	2,864,883
Accumulated deficit	(1,763,524)	(1,586,292)
Accumulated other comprehensive loss	(5,053)	(2,556)
Total stockholders’ equity	1,098,759	1,277,335
Noncontrolling interests in investment entities	304	1,131
Total equity	1,099,063	1,278,466
Total liabilities and equity	3,777,769	4,198,254
Primary beneficiary
Assets
Cash and cash equivalents	7,741	5,380
Restricted cash	9,635	7,023
Loans held for investment, net	1,097,335	1,170,034
Real estate, net	155,965	166,616
Receivables, net	11,981	11,731
Deferred leasing costs and intangible assets, net	8,042	7,753
Other assets	20,058	20,250
Total assets	1,310,757	1,388,787
Liabilities
Securitization bonds payable, net	863,764	912,545
Mortgage and other notes payable, net	168,687	170,412
Accrued and other liabilities	8,746	5,239
Intangible liabilities, net	2,813	3,460
Escrow deposits payable	2,260	927
Total liabilities	$ 1,046,270	$ 1,092,583