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FAIR VALUE MEASUREMENTS - Estimated Fair Values for All Financial Assets and Liabilities (Detail) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Financial liabilities    
Other secured financing $ 1,538,996 $ 4,455,700 [1]
Carrying Value | Level 2    
Financial liabilities    
Repurchase agreements 67,163,598 101,740,728
Other secured financing 1,538,996 4,455,700
Carrying Value | Level 3    
Financial assets    
Commercial real estate debt and preferred equity, held for investment 1,493,504 1,606,091
Corporate debt, held for investment 2,185,264 2,144,850
Financial liabilities    
Mortgage payable 508,565 485,005
Fair Value | Level 2    
Financial liabilities    
Repurchase agreements 67,163,598 101,740,728
Other secured financing 1,538,996 4,455,700
Fair Value | Level 3    
Financial assets    
Commercial real estate debt and preferred equity, held for investment 1,567,118 1,619,018
Corporate debt, held for investment 2,114,904 2,081,327
Financial liabilities    
Mortgage payable $ 595,542 $ 515,994
[1]
Derived from the audited consolidated financial statements at December 31, 2019.