XML 96 R86.htm IDEA: XBRL DOCUMENT v3.24.3
Variable Interest Entities (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
USD ($)
entity
Dec. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Assets:        
Restricted cash $ 179,906 $ 608,233 $ 419,158 $ 713,808
Loans and investments, net 11,292,647 12,377,806    
Other assets 473,241 403,290    
Total assets [1] 13,881,458 15,738,636    
Liabilities:        
Securitized debt 5,315,079 6,935,010    
Other liabilities 270,349 298,733    
Total liabilities [1] 10,718,081 12,484,031    
CLOs and Debt Fund        
Assets:        
Restricted cash 158,650 593,956    
Loans and investments, net 6,488,207 7,826,793    
Other assets 135,530 193,822    
Total assets 6,782,387 8,614,571    
Liabilities:        
Securitized debt 5,315,079 6,935,010    
Other liabilities 17,080 32,867    
Total liabilities 5,332,159 $ 6,967,877    
Unconsolidated VIEs        
Assets:        
Total assets $ 1,057,158      
Liabilities:        
Number of VIEs where the reporting entity is not VIE's primary beneficiary and VIEs have variable interest | entity 43      
Carrying amount of loans and investments before reserves related to VIEs $ 186,800      
Loan loss reserves related to VIEs 88,100      
Exposure to real estate debt 4,180,000      
Unconsolidated VIEs | Loans        
Assets:        
Total assets 857,659      
Unconsolidated VIEs | APL certificates        
Assets:        
Total assets 135,103      
Unconsolidated VIEs | Equity investments        
Assets:        
Total assets 32,805      
Unconsolidated VIEs | B Piece bonds        
Assets:        
Total assets 31,488      
Unconsolidated VIEs | Agency interest only strips        
Assets:        
Total assets $ 103      
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At September 30, 2024 and December 31, 2023, assets of our consolidated VIEs totaled $6,782,387 and $8,614,571, respectively, and the liabilities of our consolidated VIEs totaled $5,332,159 and $6,967,877, respectively. See Note 15 for discussion of our VIEs