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FAIR VALUE MEASUREMENTS - Estimated Fair Values for All Financial Assets and Liabilities (Detail) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Financial liabilities    
Other secured financing $ 861,373 $ 4,455,700 [1]
Carrying Value | Level 2    
Financial liabilities    
Repurchase agreements 64,633,447 101,740,728
Other secured financing 861,373 4,455,700
Carrying Value | Level 3    
Financial assets    
Commercial real estate debt and preferred equity, held for investment 1,456,459 1,606,091
Corporate debt, held for investment 2,061,878 2,144,850
Financial liabilities    
Mortgages payable 507,934 485,005
Fair Value | Level 2    
Financial liabilities    
Repurchase agreements 64,633,447 101,740,728
Other secured financing 861,373 4,455,700
Fair Value | Level 3    
Financial assets    
Commercial real estate debt and preferred equity, held for investment 1,529,485 1,619,018
Corporate debt, held for investment 2,011,153 2,081,327
Financial liabilities    
Mortgages payable $ 594,242 $ 515,994
[1] Derived from the audited consolidated financial statements at December 31, 2019.