Carrying value as of the balance sheet date, including the current and noncurrent portions, of commercial real estate debt fund (with maturities initially due after one year or beyond the operating cycle, if longer). The Debt fund is secured by a portfolio of loan obligations, which includes first mortgage bridge loans, senior participations interests in first mortgage bridge loans, subordinate participation interest in first mortgage bridge loans and participation interests in mezzanine loans. The Debt Fund allows, for a period of three years, principal proceeds from portfolio assets to be reinvested in qualifying replacement assets, subject to certain conditions.

No definition available.

Variable Interest Entities (Details) $ in Thousands	6 Months Ended
Variable Interest Entities (Details) $ in Thousands	Jun. 30, 2020 USD ($) item	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jun. 30, 2019 USD ($)	Dec. 31, 2018 USD ($)
Variable Interest Entities
Loan loss reserves related to VIEs	$ 152,811	$ 142,252	$ 71,069	$ 71,069
Assets:
Restricted cash	94,847		210,875	$ 316,455	$ 180,606
Loans and investments, net (allowance for credit losses of $152,811 and $71,069, respectively)	4,800,176		4,189,960
Other assets	123,803		125,788
Total assets	6,390,124		6,239,160
Liabilities:
Collateralized loan obligations	2,514,524		2,130,121
Debt fund			68,629
Other liabilities	169,979		134,299
Total liabilities	5,132,348		4,883,133
Loans and investments, net	4,800,176		4,189,960
Consolidated variable interest entities
Assets:
Restricted cash	90,034		208,467
Loans and investments, net (allowance for credit losses of $152,811 and $71,069, respectively)	3,014,756		2,557,909
Other assets	22,379		18,380
Total assets	3,127,169		2,784,756
Liabilities:
Collateralized loan obligations	2,514,524		2,130,121
Debt fund			68,629
Due to related party	13		6,734
Other liabilities	2,778		4,115
Total liabilities	2,517,315		2,209,599
Loans and investments, net	$ 3,014,756		$ 2,557,909
Unconsolidated VIEs
Variable Interest Entities
Number of VIEs where the reporting entity is not VIE's primary beneficiary and VIEs have variable interest \| item	31
Carrying amount of loans and investments before reserves related to VIEs	$ 129,400
Loan loss reserves related to VIEs	79,400
Exposure to real estate debt	4,860,000
Unconsolidated VIEs \| Unconsolidated VIEs
Assets:
Loans and investments, net (allowance for credit losses of $152,811 and $71,069, respectively)	528,386
Liabilities:
Loans and investments, net	528,386
Loans \| Unconsolidated VIEs \| Unconsolidated VIEs
Assets:
Loans and investments, net (allowance for credit losses of $152,811 and $71,069, respectively)	391,668
Liabilities:
Loans and investments, net	391,668
B Piece and SFR bonds \| Unconsolidated VIEs \| Unconsolidated VIEs
Assets:
Loans and investments, net (allowance for credit losses of $152,811 and $71,069, respectively)	84,240
Liabilities:
Loans and investments, net	84,240
APL certificates \| Unconsolidated VIEs \| Unconsolidated VIEs
Assets:
Loans and investments, net (allowance for credit losses of $152,811 and $71,069, respectively)	37,927
Liabilities:
Loans and investments, net	37,927
Equity investments \| Unconsolidated VIEs \| Unconsolidated VIEs
Assets:
Loans and investments, net (allowance for credit losses of $152,811 and $71,069, respectively)	12,316
Liabilities:
Loans and investments, net	12,316
Agency interest only strips \| Unconsolidated VIEs \| Unconsolidated VIEs
Assets:
Loans and investments, net (allowance for credit losses of $152,811 and $71,069, respectively)	2,235
Liabilities:
Loans and investments, net	$ 2,235