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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 668,524 $ 918,254
Restricted cash 155,690 118,485
Investments ($320,757 and $426,032 at fair value) 1,226,952 1,242,001
Real estate 5,964,807 5,921,298
Goodwill 907,937 761,368
Deferred leasing costs and intangible assets 1,098,520 1,092,167
Other assets ($0 and $11,793 at fair value) 642,451 654,050
Due from affiliates 67,285 45,360
Assets held for disposition 11,263 275,520
Total assets 10,743,429 11,028,503
Liabilities    
Intangible liabilities 28,441 29,824
Other liabilities ($113,766 and $183,628 at fair value) 1,133,568 1,272,096
Liabilities related to assets held for disposition 374 380
Total liabilities 6,484,204 6,458,440
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests 107,413 100,574
Stockholders’ equity:    
Preferred stock, $0.01 par value per share; $827,711 and $827,779 liquidation preference; 250,000 shares authorized; 33,108 and 33,111 shares issued and outstanding 800,303 800,355
Additional paid-in capital 7,823,722 7,818,068
Accumulated deficit (7,176,706) (6,962,613)
Accumulated other comprehensive income (loss) (1,478) (1,509)
Total stockholders’ equity 1,452,321 1,660,698
Noncontrolling interests in investment entities 2,650,893 2,743,896
Noncontrolling interests in Operating Company 48,598 64,895
Total equity 4,151,812 4,469,489
Total liabilities, redeemable noncontrolling interests and equity 10,743,429 11,028,503
Recourse    
Liabilities    
Corporate debt 569,771 568,912
Nonrecourse    
Liabilities    
Corporate debt 4,752,050 4,587,228
Investment Management    
Assets    
Goodwill 444,817 298,248
Operating    
Assets    
Goodwill 463,120 463,120
Operating Segments | Investment Management    
Assets    
Cash and cash equivalents 56,943 39,563
Restricted cash 2,324 2,298
Investments ($320,757 and $426,032 at fair value) 345,826 395,327
Real estate 0 0
Goodwill 444,817 298,248
Deferred leasing costs and intangible assets 128,973 85,172
Other assets ($0 and $11,793 at fair value) 15,966 13,356
Due from affiliates 61,455 41,458
Total assets 1,056,304 875,422
Liabilities    
Intangible liabilities 0 0
Other liabilities ($113,766 and $183,628 at fair value) 218,712 342,696
Total liabilities 417,745 541,373
Redeemable noncontrolling interests 1,098 680
Stockholders’ equity:    
Noncontrolling interests in investment entities [1] 151,985 136,668
Operating Segments | Investment Management | Recourse    
Liabilities    
Corporate debt 199,033 198,677
Operating Segments | Investment Management | Nonrecourse    
Liabilities    
Corporate debt 0 0
Operating Segments | Operating    
Assets    
Cash and cash equivalents 65,097 65,975
Restricted cash 152,262 114,442
Investments ($320,757 and $426,032 at fair value) 6,804 4,638
Real estate 5,964,807 5,921,298
Goodwill 463,120 463,120
Deferred leasing costs and intangible assets 969,036 1,006,469
Other assets ($0 and $11,793 at fair value) 581,848 573,229
Due from affiliates 0 0
Total assets 8,202,974 8,149,171
Liabilities    
Intangible liabilities 28,441 29,824
Other liabilities ($113,766 and $183,628 at fair value) 721,319 725,236
Total liabilities 5,571,707 5,411,945
Redeemable noncontrolling interests 0 0
Stockholders’ equity:    
Noncontrolling interests in investment entities [1] 2,369,836 2,463,559
Operating Segments | Operating | Recourse    
Liabilities    
Corporate debt 70,246 70,120
Operating Segments | Operating | Nonrecourse    
Liabilities    
Corporate debt 4,751,701 4,586,765
Corporate and Other    
Assets    
Cash and cash equivalents 546,484 812,716
Restricted cash 1,104 1,745
Investments ($320,757 and $426,032 at fair value) 874,322 842,036
Real estate 0 0
Goodwill 0 0
Deferred leasing costs and intangible assets 511 526
Other assets ($0 and $11,793 at fair value) 44,637 67,465
Due from affiliates 5,830 3,902
Total assets 1,472,888 1,728,390
Liabilities    
Intangible liabilities 0 0
Other liabilities ($113,766 and $183,628 at fair value) 193,537 204,164
Total liabilities 494,378 504,742
Redeemable noncontrolling interests 106,315 99,894
Stockholders’ equity:    
Noncontrolling interests in investment entities [1] 127,770 113,390
Corporate and Other | Recourse    
Liabilities    
Corporate debt 300,492 300,115
Corporate and Other | Nonrecourse    
Liabilities    
Corporate debt 349 463
Class A Common Stock    
Stockholders’ equity:    
Common stock, $0.04 par value per share 6,473 6,390
Class B Common Stock    
Stockholders’ equity:    
Common stock, $0.04 par value per share $ 7 $ 7
[1] Exclude amounts related to assets held for disposition.