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v3.22.1

Related Party Transactions (Details) $ in Thousands |  | 1 Months Ended | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
May 24, 2021 USD ($) | Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Mar. 31, 2022 USD ($) loan Rate | Mar. 31, 2021 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2017 USD ($) | Jun. 30, 2015 USD ($)
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Number of independent directors required | Rate |  |  |  |  | 66.60% |  |  |  |
Termination fee, percent fee of base management fee |  |  |  |  | 300.00% |  |  |  |
Related party expenses |  |  |  |  | $ 9,354 | $ 9,364 |  |  |
Base management fees incurred but not yet paid |  |  |  |  | 9,354 |  | $ 9,773 |  |
Total carrying value, net |  |  |  |  | 8,350,042 |  | 7,857,260 |  |
Subordinate Mortgage Portfolio Segment |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Total carrying value, net | [1] |  |  |  | $ 763,488 |  | 844,948 |  |
Junior Mezzanine Loans |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Number of Loans | loan |  |  |  |  | 3 |  |  |  |
Senior Mezzanine Loans |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  |  | $ 242,600 |  |  |  |
Hotel - Washington D.C. | Subordinate Mortgage Portfolio Segment |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Debt related to real estate owned, held for investment |  | $ 110,000 |  |  |  |  |  |  | $ 110,000
Hotel - Washington D.C. | Junior Mezzanine Loans |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  |  |  |  |  | $ 20,000 | 20,000
Hotel - Washington D.C. | Senior Mezzanine Loans |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  |  |  |  |  |  | $ 24,500
Payments to acquire mortgage notes receivable |  | $ 24,500 |  |  |  |  |  |  |
Arrangement fees |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Related party expenses |  |  | $ 400 | $ 200 |  |  |  |  |
Limited Liability Company |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Rate of management fees |  |  |  |  | 1.50% |  |  |  |
Extension period |  |  |  |  | 1 year |  |  |  |
Period of termination |  |  |  |  | 180 days |  |  |  |
Termination fee calculation period |  |  |  |  | 24 months |  |  |  |
Limited Liability Company | Management fees |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Base management fees incurred but not yet paid |  |  |  |  | $ 9,400 |  | $ 9,800 |  |
Affiliated Entity |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Debt instrument, face amount |  |  |  | $ 30,000 |  | 30,000 |  |  |
Affiliated Entity | Management fees |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Related party expenses |  |  |  |  | 9,400 |  |  |  |
Affiliated Entity | Reimbursements |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |
Related party expenses |  |  |  |  | $ 900 | $ 600 |  |  |
[1] | Net of $196,377 and $178,588 CECL Allowances in 2022 and 2021, respectively, comprised of $175,000 and $145,000 Specific CECL Allowance and $21,377 and $33,588 General CECL Allowance, respectively.

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