XML 71 R62.htm IDEA: XBRL DOCUMENT v3.22.1
Note 10 - Fair Value of Financial Instruments - Schedule of Carrying Values and Fair Values of Financial Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Common stock investment, at fair value $ 58,789 $ 58,460
CMBS structured pass-through certificates, at fair value 68,133 $ 69,816
Fair Value, Recurring [Member]    
Cash and cash equivalents 35,243  
Restricted cash 180  
Bridge loan, net 328,150  
Real estate investment, net 61,346  
Common stock investment, at fair value 58,789  
Accrued interest and dividends 10,231  
CMBS structured pass-through certificates, at fair value 68,133  
Accounts receivable and other assets 1,710  
Assets, Fair Value Disclosure, Total 8,039,736  
Secured financing agreements, net 720,367  
Master repurchase agreements 296,991  
Unsecured notes, net 202,695  
Mortgages payable, net 32,188  
Accounts payable and other accrued liabilities 6,492  
Accrued interest payable 7,696  
Liabilities, Fair Value Disclosure, Total 7,533,357  
Fair Value, Recurring [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bonds payable held in variable interest entities, at fair value 6,266,928  
Fair Value, Recurring [Member] | Bridge Loan [Member]    
Bridge loan, net 13,433  
Fair Value, Recurring [Member] | Mortgages [Member]    
Bridge loan, net 746,286  
Fair Value, Recurring [Member] | Mortgages [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bridge loan, net 6,716,235  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 35,243  
Restricted cash 180  
Bridge loan, net 0  
Real estate investment, net 0  
Common stock investment, at fair value 0  
Accrued interest and dividends 10,231  
CMBS structured pass-through certificates, at fair value 0  
Accounts receivable and other assets 1,710  
Assets, Fair Value Disclosure, Total 47,364  
Secured financing agreements, net 0  
Master repurchase agreements 0  
Unsecured notes, net 0  
Mortgages payable, net 0  
Accounts payable and other accrued liabilities 6,492  
Accrued interest payable 7,696  
Liabilities, Fair Value Disclosure, Total 14,188  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bonds payable held in variable interest entities, at fair value 0  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Bridge Loan [Member]    
Bridge loan, net 0  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgages [Member]    
Bridge loan, net 0  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgages [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bridge loan, net 0  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Cash and cash equivalents 0  
Restricted cash 0  
Bridge loan, net 0  
Real estate investment, net 0  
Common stock investment, at fair value 0  
Accrued interest and dividends 0  
CMBS structured pass-through certificates, at fair value 68,133  
Accounts receivable and other assets 0  
Assets, Fair Value Disclosure, Total 6,784,368  
Secured financing agreements, net 0  
Master repurchase agreements 0  
Unsecured notes, net 0  
Mortgages payable, net 0  
Accounts payable and other accrued liabilities 0  
Accrued interest payable 0  
Liabilities, Fair Value Disclosure, Total 6,266,928  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bonds payable held in variable interest entities, at fair value 6,266,928  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Bridge Loan [Member]    
Bridge loan, net 0  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgages [Member]    
Bridge loan, net 0  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgages [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bridge loan, net 6,716,235  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Cash and cash equivalents 0  
Restricted cash 0  
Bridge loan, net 328,150  
Real estate investment, net 61,346  
Common stock investment, at fair value 58,789  
Accrued interest and dividends 0  
CMBS structured pass-through certificates, at fair value 0  
Accounts receivable and other assets 0  
Assets, Fair Value Disclosure, Total 1,208,004  
Secured financing agreements, net 720,367  
Master repurchase agreements 296,991  
Unsecured notes, net 202,695  
Mortgages payable, net 32,188  
Accounts payable and other accrued liabilities 0  
Accrued interest payable 0  
Liabilities, Fair Value Disclosure, Total 1,252,241  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bonds payable held in variable interest entities, at fair value 0  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Bridge Loan [Member]    
Bridge loan, net 13,433  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgages [Member]    
Bridge loan, net 746,286  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgages [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bridge loan, net 0  
Fair Value, Recurring [Member] | Reported Value Measurement [Member]    
Cash and cash equivalents 35,243  
Restricted cash 180  
Bridge loan, net 311,630  
Real estate investment, net 61,346  
Common stock investment, at fair value 58,789  
Accrued interest and dividends 10,231  
CMBS structured pass-through certificates, at fair value 68,133  
Accounts receivable and other assets 1,710  
Assets, Fair Value Disclosure, Total 8,021,455  
Secured financing agreements, net 699,816  
Master repurchase agreements 296,991  
Unsecured notes, net 202,695  
Mortgages payable, net 32,188  
Accounts payable and other accrued liabilities 6,492  
Accrued interest payable 7,696  
Liabilities, Fair Value Disclosure, Total 7,512,806  
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bonds payable held in variable interest entities, at fair value 6,266,928  
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | Bridge Loan [Member]    
Bridge loan, net 13,433  
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | Mortgages [Member]    
Bridge loan, net 744,525  
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | Mortgages [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Bridge loan, net $ 6,716,235