Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 22,219	$ 30,241
Restricted cash	2,360	3,230
Bridge loan	32,608	0
Loans, held-for-investment, net	152,634	127,777
Common stock investment, at fair value	49,321	44,626
Mortgage loans, held-for-investment, net	871,711	918,114
Accrued interest and dividends	6,440	5,078
CMBS structured pass through certificates, at fair value (Note 6)	72,645	38,984
Accounts receivable and other assets	1,108	745
TOTAL ASSETS	8,296,407	6,176,310
Liabilities:
Master repurchase agreements	222,533	161,465
Unsecured notes, net	108,030	34,960
Accounts payable and other accrued liabilities	3,984	1,779
Accrued interest payable	5,046	2,311
Due to brokers for securities purchased, not yet settled	2,188	0
Total Liabilities	7,799,912	5,772,397
Redeemable noncontrolling interests in the OP	258,992	275,670
Stockholders' Equity:
Preferred stock, $0.01 par value: 100,000,000 shares authorized; 2,000,000 and 2,000,000 shares issued and 1,645,000 and 1,645,000 shares outstanding, respectively	16	16
Common stock, $0.01 par value: 500,000,000 shares authorized; 9,449,083 and 5,350,000 shares issued and 9,162,096 and 5,022,578 shares outstanding, respectively	92	50
Additional paid-in capital	222,357	138,043
Retained earnings	20,636	3,485
Preferred stock held in treasury at cost; 355,000 shares and 355,000, respectively	(8,567)	(8,567)
Common stock held in treasury at cost; 286,987 shares and 327,422 shares, respectively	(4,195)	(4,784)
Total Stockholders' Equity	237,503	128,243
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	8,296,407	6,176,310
Facility [Member]
Liabilities:
Secured financing agreements, net	805,427	840,453
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Loans, held-for-investment, net	7,085,361	5,007,515
Liabilities:
Bonds payable held in variable interest entities, at fair value	6,652,704	4,731,429
Stockholders' Equity:
Noncontrolling interest in CMBS variable interest entities	7,069	0
Subsidiaries [Member]
Stockholders' Equity:
Noncontrolling interest in CMBS variable interest entities	$ 95	$ 0