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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 426,883 $ 918,254
Restricted cash 154,687 118,485
Investments ($277,372 and $426,032 at fair value) 1,288,877 1,242,001
Real estate 6,178,467 5,921,298
Goodwill 923,112 761,368
Deferred leasing costs and intangible assets 1,052,822 1,092,167
Other assets ($0 and $11,793 at fair value) 607,554 654,050
Due from affiliates 71,149 45,360
Assets held for disposition 53,514 275,520
Total assets 10,757,065 11,028,503
Liabilities    
Intangible liabilities 28,447 29,824
Other liabilities ($120,749 and $183,628 at fair value) 1,158,427 1,272,096
Liabilities related to assets held for disposition 12,954 380
Total liabilities 6,596,134 6,458,440
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests 31,920 100,574
Stockholders’ equity:    
Preferred stock, $0.01 par value per share; $821,899 and $827,779 liquidation preference; 250,000 shares authorized; 32,876 and 33,111 shares issued and outstanding 794,670 800,355
Additional paid-in capital 7,846,440 7,818,068
Accumulated deficit (7,201,651) (6,962,613)
Accumulated other comprehensive income (loss) 1,122 (1,509)
Total stockholders’ equity 1,442,207 1,660,698
Noncontrolling interests in investment entities 2,639,606 2,743,896
Noncontrolling interests in Operating Company 47,198 64,895
Total equity 4,129,011 4,469,489
Total liabilities, redeemable noncontrolling interests and equity 10,757,065 11,028,503
Recourse    
Liabilities    
Corporate debt 370,461 568,912
Nonrecourse    
Liabilities    
Corporate debt 5,025,845 4,587,228
Investment Management    
Assets    
Goodwill 459,992 298,248
Operating    
Assets    
Goodwill 463,120 463,120
Operating Segments | Investment Management    
Assets    
Cash and cash equivalents 68,548 39,563
Restricted cash 2,349 2,298
Investments ($277,372 and $426,032 at fair value) 426,578 395,327
Real estate 0 0
Goodwill 459,992 298,248
Deferred leasing costs and intangible assets 120,582 85,172
Other assets ($0 and $11,793 at fair value) 31,194 13,356
Due from affiliates 68,283 41,458
Assets held for disposition [1] 0 0
Total assets 1,177,526 875,422
Liabilities    
Intangible liabilities 0 0
Other liabilities ($120,749 and $183,628 at fair value) 289,566 342,696
Liabilities related to assets held for disposition [1] 0 0
Total liabilities 488,955 541,373
Redeemable noncontrolling interests 909 680
Stockholders’ equity:    
Noncontrolling interests in investment entities [1] 187,018 136,668
Operating Segments | Investment Management | Recourse    
Liabilities    
Corporate debt 199,389 198,677
Operating Segments | Investment Management | Nonrecourse    
Liabilities    
Corporate debt 0 0
Operating Segments | Operating    
Assets    
Cash and cash equivalents 72,087 65,975
Restricted cash 151,248 114,442
Investments ($277,372 and $426,032 at fair value) 0 4,638
Real estate 6,178,467 5,921,298
Goodwill 463,120 463,120
Deferred leasing costs and intangible assets 931,745 1,006,469
Other assets ($0 and $11,793 at fair value) 527,469 573,229
Due from affiliates 0 0
Assets held for disposition [1] 48,406 0
Total assets 8,372,542 8,149,171
Liabilities    
Intangible liabilities 28,447 29,824
Other liabilities ($120,749 and $183,628 at fair value) 692,901 725,236
Liabilities related to assets held for disposition [1] 12,788 0
Total liabilities 5,804,798 5,411,945
Redeemable noncontrolling interests 0 0
Stockholders’ equity:    
Noncontrolling interests in investment entities [1] 2,310,897 2,463,559
Operating Segments | Operating | Recourse    
Liabilities    
Corporate debt 70,372 70,120
Operating Segments | Operating | Nonrecourse    
Liabilities    
Corporate debt 5,000,290 4,586,765
Corporate and Other    
Assets    
Cash and cash equivalents 286,248 812,716
Restricted cash 1,090 1,745
Investments ($277,372 and $426,032 at fair value) 862,299 842,036
Real estate 0 0
Goodwill 0 0
Deferred leasing costs and intangible assets 495 526
Other assets ($0 and $11,793 at fair value) 48,891 67,465
Due from affiliates 2,866 3,902
Assets held for disposition [1] 0 0
Total assets 1,201,889 1,728,390
Liabilities    
Intangible liabilities 0 0
Other liabilities ($120,749 and $183,628 at fair value) 175,960 204,164
Liabilities related to assets held for disposition [1] 0 0
Total liabilities 302,215 504,742
Redeemable noncontrolling interests 31,011 99,894
Stockholders’ equity:    
Noncontrolling interests in investment entities [1] 140,413 113,390
Corporate and Other | Recourse    
Liabilities    
Corporate debt 100,700 300,115
Corporate and Other | Nonrecourse    
Liabilities    
Corporate debt 25,555 463
Class A Common Stock    
Stockholders’ equity:    
Common stock, $0.01 and $0.04 par value per share 1,624 6,390
Class B Common Stock    
Stockholders’ equity:    
Common stock, $0.01 and $0.04 par value per share $ 2 $ 7
[1] Excludes amounts related to assets held for disposition in connection with discontinued operations.