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DEBT OBLIGATIONS, NET - Financing Strategy in Current Market Conditions (Details) $ / shares in Units, $ in Thousands | May 01, 2020 USD ($) counterparty | Apr. 30, 2020 USD ($) $ / shares shares | Apr. 27, 2020 USD ($) | Apr. 28, 2020 USD ($) | [1] | Apr. 01, 2020 USD ($) | Mar. 31, 2020 USD ($) $ / shares shares | Jan. 30, 2020 | Dec. 31, 2019 USD ($) $ / shares shares | Mar. 31, 2019 USD ($) | Dec. 31, 2018 USD ($)
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Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Debt obligations, net | [1] |  |  |  |  |  | $ 5,681,020 |  |  | $ 4,859,873 |  |  |
Cash, cash equivalents and restricted cash |  |  |  |  |  |  | 622,221 |  |  | 355,746 |  | $ 125,233 | $ 98,450
Cash and cash equivalents |  |  |  |  |  |  | 358,352 | [1] |  | 58,171 | [1] | 45,158 |
Restricted cash |  |  |  |  |  |  | $ 263,869 |  |  | $ 297,575 |  | $ 80,075 |
Class A Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock, authorized (in shares) | shares |  |  |  |  |  |  | 600,000,000 |  |  | 600,000,000 |  |  |
Common stock, par value (in dollars per share) | $ / shares |  |  |  |  |  |  | $ 0.001 |  |  | $ 0.001 |  |  |
Senior Unsecured Notes | Senior Notes Due 2027 |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Stated interest rate on debt instrument |  |  |  |  |  |  |  |  | 4.25% |  |  |  |
Maturing February 11 2021 | Revolving Credit Facility |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Committed financing |  |  |  |  |  |  | $ 266,430 |  |  |  |  |  |
Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
FHLB advances outstanding |  | $ 487,000 |  |  |  |  |  |  |  |  |  |  |
FHLB reduction |  | 520,600 |  |  |  |  |  |  |  |  |  |  |
Debt obligations, net |  | 783,000 |  |  | $ 830,000 |  |  |  |  |  |  |  |
Loans financed |  |  |  | $ 481,300 |  |  |  |  |  |  |  |  |
Advance rate |  |  |  | 64.50% |  |  |  |  |  |  |  |  |
Subordinate and controlling interest |  |  |  | 35.00% |  |  |  |  |  |  |  |  |
Cash, cash equivalents and restricted cash |  | 830,000 |  |  |  |  |  |  |  |  |  |  |
Unencumbered assets |  | 2,700,000 |  |  |  |  |  |  |  |  |  |  |
Subsequent Event | Senior Unsecured Notes | Senior Notes Due 2027 |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Loan repurchase debt outstanding |  | $ 414,000 |  |  |  | $ 123,000 |  |  |  |  |  |  |
Number of bank counterparties | counterparty |  | 5 |  |  |  |  |  |  |  |  |  |  |
Subsequent Event | Secured Debt | Non-Recourse Notes | Koch Real Estate Investments, LLC |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Non-mark to market financing facility |  |  | $ 206,400 |  |  |  |  |  |  |  |  |  |
Maturity period |  |  | 36 months |  |  |  |  |  |  |  |  |  |
Minimum interest premium |  |  | $ 39,200 |  |  |  |  |  |  |  |  |  |
Subsequent Event | Secured Debt | Class A Common Stock | Non-Recourse Notes | Koch Real Estate Investments, LLC |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock, authorized (in shares) | shares |  |  | 4,000,000.0 |  |  |  |  |  |  |  |  |  |
Common stock, par value (in dollars per share) | $ / shares |  |  | $ 8.00 |  |  |  |  |  |  |  |  |  |
Subsequent Event | Secured Debt | London Interbank Offered Rate (LIBOR) | Maximum | Non-Recourse Notes | Koch Real Estate Investments, LLC |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Stated interest rate on debt instrument |  |  | 10.00% |  |  |  |  |  |  |  |  |  |
Subsequent Event | Secured Debt | London Interbank Offered Rate (LIBOR) | Minimum | Non-Recourse Notes | Koch Real Estate Investments, LLC |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Stated interest rate on debt instrument |  |  | 0.75% |  |  |  |  |  |  |  |  |  |
CLO Debt | Subsequent Event | Non-Recourse Notes |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |
Debt obligations, net |  |  |  | $ 310,200 |  |  |  |  |  |  |  |  |
[1] | Includes amounts relating to consolidated variable interest entities. See Note 1.

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