Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 35,243	$ 26,459
Restricted cash	180	6,773
Bridge loan, net	13,433	0
Real estate investment, net (Note 8)	61,346	62,269
Loans held-for-investment, net	311,630	241,517
Common stock investment, at fair value	58,789	58,460
Mortgage loans, held-for-investment, net	744,525	847,364
Accrued interest and dividends	10,231	8,319
CMBS structured pass-through certificates, at fair value (Note 6)	68,133	69,816
Accounts receivable and other assets	1,710	393
TOTAL ASSETS	8,021,455	8,513,917
Liabilities:
Master repurchase agreements	296,991	286,324
Unsecured notes, net	202,695	168,325
Mortgages payable, net	32,188	32,176
Accounts payable and other accrued liabilities	6,492	3,903
Accrued interest payable	7,696	3,985
Total Liabilities	7,512,806	8,007,211
Redeemable noncontrolling interests in the OP	149,262	261,423
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; 14,772,261 and 9,450,921 shares issued and 14,485,274 and 9,163,934 shares outstanding, respectively	145	92
Additional paid-in capital	338,127	222,300
Retained earnings	33,766	28,367
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 286,987 shares, respectively	(4,195)	(4,195)
Total Stockholders' Equity	359,387	245,283
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	8,021,455	8,513,917
Facility [Member]
Liabilities:
Secured financing agreements, net	699,816	786,226
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Loans held-for-investment, net	6,716,235	7,192,547
Liabilities:
Bonds payable held in variable interest entities, at fair value	6,266,928	6,726,272
Stockholders' Equity:
Noncontrolling interest in CMBS variable interest entities	0	7,175
Subsidiaries [Member]
Stockholders' Equity:
Noncontrolling interest in CMBS variable interest entities	$ 95	$ 95