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FAIR VALUE MEASUREMENTS - Estimated Fair Values for All Financial Assets and Liabilities (Detail) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Financial liabilities    
Other secured financing $ 4,466,030 $ 4,183,311 [1]
Carrying Value | Level 1    
Financial liabilities    
Repurchase agreements 105,181,241 81,115,874
Other secured financing 4,127,989 4,183,311
Carrying Value | Level 2    
Financial assets    
Corporate debt, held for investment 2,115,783 1,887,182
Financial liabilities    
Repurchase agreements 102,682,104 81,115,874
Other secured financing 4,466,030 4,183,311
Carrying Value | Level 3    
Financial assets    
Commercial real estate debt and preferred equity, held for investment 1,421,434 1,296,803
Commercial loans held for sale, net 0 42,184
Financial liabilities    
Mortgage payable 485,657 511,056
Fair Value | Level 1    
Financial liabilities    
Repurchase agreements 105,181,241 81,115,874
Other secured financing 4,128,155 4,183,805
Fair Value | Level 2    
Financial assets    
Corporate debt, held for investment 2,073,721 1,863,524
Financial liabilities    
Repurchase agreements 102,682,104 81,115,874
Other secured financing 4,466,210 4,183,805
Fair Value | Level 3    
Financial assets    
Commercial real estate debt and preferred equity, held for investment 1,434,293 1,303,487
Commercial loans held for sale, net 0 42,184
Financial liabilities    
Mortgage payable $ 529,198 $ 507,770
[1]
(1) 
Derived from the audited consolidated financial statements at December 31, 2018.