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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Carrying Value and Estimated Fair Value of Company's Financial Instruments
The following table presents the carrying value and estimated fair value of our financial instruments not carried at fair value on the consolidated balance sheet at December 31, 2018 and 2017 ($ in thousands):
 
December 31, 2018
 
December 31, 2017
 
Carrying
Value
 
Estimated
Fair Value
 
Carrying
Value
 
Estimated
Fair Value
Cash and cash equivalents
$
109,806

 
$
109,806

 
$
77,671

 
$
77,671

Commercial first mortgage loans, net
3,878,981

 
3,894,947

 
2,653,826

 
2,657,262

Subordinate loans, net
1,048,612

 
1,047,854

 
1,025,932

 
1,029,390

Secured debt arrangements
(1,897,077
)
 
(1,897,077
)
 
(1,345,195
)
 
(1,345,195
)
2019 Notes
(34,278
)
 
(35,276
)
 
(251,935
)
 
(276,506
)
2022 Notes
(335,291
)
 
(326,025
)
 
(332,962
)
 
(350,175
)
2023 Notes
(222,431
)
 
(221,964
)