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v3.19.1

REAL ESTATE SECURITIES - Summary of Securities (Details) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2019 USD ($) security | Dec. 31, 2018 USD ($) security
Debt Securities, Available-for-sale [Line Items] |  |  |
Outstanding Face Amount |  | $ 4,105,143 | $ 3,857,293
Amortized Cost Basis/Purchase Price |  | 1,600,223 | 1,404,025
Gross Unrealized Gains |  | 9,895 | 3,418
Gross Unrealized Losses |  | (2,141) | (8,867)
Carrying Value |  | $ 1,607,977 | $ 1,398,576
Number of Securities | security |  | 195 | 179
Weighted Average Coupon % |  | 1.73% | 1.54%
Weighted Average Yield % |  | 3.33% | 3.19%
Remaining Duration (years) |  | 2 years 6 months 7 days | 2 years 4 months 24 days
Number of equity securities | security |  | 2 | 3
Amortized Cost Basis/Purchase Price |  | $ 1,610,901 | $ 1,417,179
Gains |  | 10,398 | 3,418
Losses |  | (2,171) | (10,471)
Carrying Value | [1] | $ 1,619,128 | $ 1,410,126
Total number of Securities | security |  | 197 | 182
CMBS |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Outstanding Face Amount |  | $ 1,475,469 | $ 1,258,819
Amortized Cost Basis/Purchase Price |  | 1,475,900 | 1,257,801
Gross Unrealized Gains |  | 7,504 | 2,477
Gross Unrealized Losses |  | (1,764) | (7,638)
Carrying Value |  | $ 1,481,640 | $ 1,252,640
Number of Securities | security |  | 153 | 138
Weighted Average Coupon % |  | 3.44% | 3.32%
Weighted Average Yield % |  | 3.28% | 3.14%
Remaining Duration (years) |  | 2 years 6 months | 2 years 3 months 29 days
Risk retention requirement, amount |  | $ 11,700 | $ 11,300
CMBS interest-only |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Outstanding Face Amount |  | 2,436,543 | 2,373,936
Amortized Cost Basis/Purchase Price |  | 52,682 | 55,534
Gross Unrealized Gains |  | 933 | 428
Gross Unrealized Losses |  | (45) | (271)
Carrying Value |  | $ 53,570 | $ 55,691
Number of Securities | security |  | 20 | 19
Weighted Average Coupon % |  | 0.69% | 0.57%
Weighted Average Yield % |  | 3.56% | 2.80%
Remaining Duration (years) |  | 2 years 7 months 6 days | 2 years 8 months 8 days
Risk retention requirement, amount |  | $ 900 | $ 900
GNMA interest-only |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Outstanding Face Amount |  | 123,684 | 135,932
Amortized Cost Basis/Purchase Price |  | 2,694 | 2,862
Gross Unrealized Gains |  | 107 | 93
Gross Unrealized Losses |  | (310) | (307)
Carrying Value |  | $ 2,491 | $ 2,648
Number of Securities | security |  | 12 | 12
Weighted Average Coupon % |  | 0.53% | 0.51%
Weighted Average Yield % |  | 9.09% | 6.30%
Remaining Duration (years) |  | 2 years 6 months 21 days | 4 years 1 month 9 days
Agency securities |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Outstanding Face Amount |  | $ 660 | $ 668
Amortized Cost Basis/Purchase Price |  | 673 | 682
Gross Unrealized Gains |  | 0 | 0
Gross Unrealized Losses |  | (12) | (20)
Carrying Value |  | $ 661 | $ 662
Number of Securities | security |  | 2 | 2
Weighted Average Coupon % |  | 2.71% | 2.73%
Weighted Average Yield % |  | 1.81% | 1.83%
Remaining Duration (years) |  | 2 years 2 months 26 days | 2 years 4 months 9 days
GNMA permanent securities |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Outstanding Face Amount |  | $ 32,346 | $ 32,633
Amortized Cost Basis/Purchase Price |  | 32,592 | 32,889
Gross Unrealized Gains |  | 424 | 420
Gross Unrealized Losses |  | (10) | (245)
Carrying Value |  | $ 33,006 | $ 33,064
Number of Securities | security |  | 6 | 6
Weighted Average Coupon % |  | 3.94% | 3.94%
Weighted Average Yield % |  | 3.75% | 3.76%
Remaining Duration (years) |  | 4 years 10 months 13 days | 5 years 10 days
Corporate bonds |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Outstanding Face Amount |  | $ 36,441 | $ 55,305
Amortized Cost Basis/Purchase Price |  | 35,682 | 54,257
Gross Unrealized Gains |  | 927 | 0
Gross Unrealized Losses |  | 0 | (386)
Carrying Value |  | $ 36,609 | $ 53,871
Number of Securities | security |  | 2 | 2
Weighted Average Coupon % |  | 3.80% | 4.08%
Weighted Average Yield % |  | 5.00% | 5.04%
Remaining Duration (years) |  | 1 year 10 months 17 days | 2 years 6 months 3 days
Common Stock |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |
Amortized Cost Basis/Purchase Price |  | $ 10,678 | $ 13,154
Gains |  | 503 | 0
Losses |  | (30) | (1,604)
Carrying Value |  | $ 11,151 | $ 11,550
[1] | Includes amounts relating to consolidated variable interest entities. See Note 3.

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