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Schedule IV - Mortgage Loans on Real Estate (Details)
$ in Thousands

12 Months Ended

Dec. 31, 2020

USD ($)

contract

Jan. 01, 2020

USD ($)

Dec. 31, 2019

USD ($)

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Principal Balance

$ 6,728,424

Principal balance

6,535,079

$ 6,375,093

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

905,648

General CECL allowance

(38,102)

Commercial mortgage loans, net

6,496,977

6,375,093

Commercial Mortgage Portfolio Segment

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Principal Balance

5,652,484

Principal balance

5,468,098

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

854,748

General CECL allowance

(17,012)

$ (12,149)

Commercial mortgage loans, net

^[1],[2]

5,451,084

5,326,967

Subordinate Mortgage Portfolio Segment

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Principal Balance

1,075,940

Principal balance

1,066,981

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

50,900

General CECL allowance

(21,090)

$ (15,630)

Commercial mortgage loans, net

^[2]

$ 1,045,893

1,048,126

Urban Retail Predevelopment | Urban Retail/United Kingdom, December 2023

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Principal Balance

$ 340,896

Principal balance

338,368

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

$ 340,896

Urban Retail Predevelopment | Urban Retail/Manhattan, NY, September 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Principal Balance

$ 318,106

Principal balance

317,088

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

0

Hotel

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Principal balance

$ 1,576,369

1,660,162

Hotel | Hotel/Spain, August 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Principal Balance

$ 275,887

Principal balance

274,780

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

0

Office

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Principal balance

$ 1,911,145

1,401,400

Office | Office/United Kingdom February 2025

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Principal Balance

$ 230,340

Principal balance

228,740

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

$ 0

Office | Office/Germany, November 2026

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Principal Balance

$ 216,407

Principal balance

215,509

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

$ 0

Office | Office/Manhattan, NY, January 2022

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Principal Balance

$ 197,360

Principal balance

197,360

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

0

Healthcare

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Principal balance

$ 369,676

$ 371,423

Healthcare | Healthcare/United Kingdom October 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Principal Balance

$ 227,950

Principal balance

226,343

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

$ 0

Healthcare, Hotel, Industrial, Mixed Use, Office, Other, Residential-for Rent, Residential-for Sale | Industrial/Brooklyn/Queens, NY, February 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Principal Balance

$ 197,000

Principal balance

196,918

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

$ 0

Hotel, Office, Urban Predevelopment, Residential-for-sale: inventory, Residential-for-sale: construction, Retail Center, Multifamily, Mixed Use/Various | Hotel, Office, Urban Predevelopment, Residential-for-sale: inventory, Residential-for-sale: construction, Retail Center, Multifamily, Mixed Use/Various | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

39

Principal Balance

$ 3,648,538

Principal balance

3,472,992

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

$ 513,852

Residential-for Sale | Residential-for Sale, June 2021 | Subordinate Mortgage Portfolio Segment, Loans and Other Lending Assets In Excess Of 3% Of Carrying Amount Of Total Subordinate Loans

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

Basis spread on variable interest rate

11.34%

Principal Balance

$ 222,395

Principal balance

222,579

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

$ 0

Residential-for-sale: construction, Hotel, Multifamily, Healthcare, Mixed Use, Residential-for-sale: inventory, Industrial, Office/ Various | Residential for sale construction Hotel Multifamily Healthcare Mixed Use Residential for sale inventory Industrial Office Various 2021-2034 | Subordinate Mortgage Portfolio Segment, Loans and Other Lending Assets Less Than 3% Of The Carrying Amount Of Total Subordinate Loans

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Number of loans | contract

19

Principal Balance

$ 853,545

Principal balance

844,402

Principal Amount of Mortgages Subject to Delinquent Principal or Interest

$ 50,900

London Interbank Offered Rate (LIBOR) | Urban Retail Predevelopment | Urban Retail/United Kingdom, December 2023

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

6.65%

London Interbank Offered Rate (LIBOR) | Urban Retail Predevelopment | Urban Retail/Manhattan, NY, September 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

4.75%

London Interbank Offered Rate (LIBOR) | Hotel | Hotel/Spain, August 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

3.00%

London Interbank Offered Rate (LIBOR) | Office | Office/United Kingdom February 2025

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

3.30%

London Interbank Offered Rate (LIBOR) | Office | Office/Germany, November 2026

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

2.80%

London Interbank Offered Rate (LIBOR) | Office | Office/Manhattan, NY, January 2022

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

5.68%

London Interbank Offered Rate (LIBOR) | Healthcare | Healthcare/United Kingdom October 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

3.79%

London Interbank Offered Rate (LIBOR) | Healthcare, Hotel, Industrial, Mixed Use, Office, Other, Residential-for Rent, Residential-for Sale | Industrial/Brooklyn/Queens, NY, February 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

5.95%

Minimum | Hotel, Office, Urban Predevelopment, Residential-for-sale: inventory, Residential-for-sale: construction, Retail Center, Multifamily, Mixed Use/Various | Hotel, Office, Urban Predevelopment, Residential-for-sale: inventory, Residential-for-sale: construction, Retail Center, Multifamily, Mixed Use/Various | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

0.00%

Minimum | London Interbank Offered Rate (LIBOR) | Residential-for-sale: construction, Hotel, Multifamily, Healthcare, Mixed Use, Residential-for-sale: inventory, Industrial, Office/ Various | Residential for sale construction Hotel Multifamily Healthcare Mixed Use Residential for sale inventory Industrial Office Various 2021-2034 | Subordinate Mortgage Portfolio Segment, Loans and Other Lending Assets Less Than 3% Of The Carrying Amount Of Total Subordinate Loans

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

0.00%

Maximum | London Interbank Offered Rate (LIBOR) | Hotel, Office, Urban Predevelopment, Residential-for-sale: inventory, Residential-for-sale: construction, Retail Center, Multifamily, Mixed Use/Various | Hotel, Office, Urban Predevelopment, Residential-for-sale: inventory, Residential-for-sale: construction, Retail Center, Multifamily, Mixed Use/Various | Commercial Mortgage Portfolio Segment, Loans Less Than 3% Of The Carrying Amount Of Total Senior Loans

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

9.20%

Maximum | London Interbank Offered Rate (LIBOR) | Residential-for-sale: construction, Hotel, Multifamily, Healthcare, Mixed Use, Residential-for-sale: inventory, Industrial, Office/ Various | Residential for sale construction Hotel Multifamily Healthcare Mixed Use Residential for sale inventory Industrial Office Various 2021-2034 | Subordinate Mortgage Portfolio Segment, Loans and Other Lending Assets Less Than 3% Of The Carrying Amount Of Total Subordinate Loans

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Basis spread on variable interest rate

13.50%

[1]	Includes $5,418,999 and $4,852,087 pledged as collateral under secured debt arrangements in 2020 and 2019, respectively
[2]	Net of $213,102 CECL Allowances in 2020, comprised of $175,000 Specific CECL Allowance and $38,102 General CECL Allowance. Net of $56,981 provision for loan loss in 2019.

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Number of mortgage loans within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate.

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