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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract] |
Schedule of unfunded commitments | As of September 30, 2020, the maximum amount of fundings the Company may be required to make under each category, assuming all performance hurdles and milestones are met under the Performance-Based Commitments and that 100% of its capital committed to Strategic Investments is drawn down, are as follows ($ in thousands):
| Loans and Other Lending Investments(1) |  | Real Estate |  | Other Investments |  | Total
Performance-Based Commitments | $ | 83,423 |  |  | $ | 14,726 |  |  | $ | 27,902 |  |  | $ | 126,051 |
Strategic Investments | — |  |  | — |  |  | 9,967 |  |  | 9,967 |
Total | $ | 83,423 |  |  | $ | 14,726 |  |  | $ | 37,869 |  |  | $ | 136,018 |
_______________________________________________________________________________ (1)Excludes $8.0 million of commitments on loan participations sold that are not the obligation of the Company.
Schedule of future minimum lease obligations - operating leases | Future minimum lease obligations under operating and finance leases as of September 30, 2020 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2020 (remaining three months) | $ | 1,065 |  |  | $ | 1,357 |
2021 | 3,797 |  |  | 5,494 |
2022 | 6,756 |  |  | 5,604 |
2023 | 6,393 |  |  | 5,716 |
2024 | 6,309 |  |  | 5,830 |
Thereafter | 6,793 |  |  | 1,573,773 |
Total undiscounted cash flows | 31,113 |  |  | 1,597,774 |
Present value discount(1) | (4,103) |  |  | (1,447,951) |
Other adjustments(2) | 24,213 |  |  | — |
Lease liabilities | $ | 51,223 |  |  | $ | 149,823 |
_______________________________________________________________________________ (1)During the three months ended September 30, 2020 and 2019, the Company made payments of $1.0 million and $1.0 million, respectively, related to its operating leases and $1.4 million and $1.1 million, respectively, related to its finance leases. During the nine months ended September 30, 2020 and 2019, the Company made payments of $3.2 million and $3.0 million, respectively, related to its operating leases and $4.0 million and $2.0 million, respectively, related to its finance leases. The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.8 years and the weighted average discount rate was 5.0%. The weighted average lease term for the Company's finance leases was 97.2 years and the weighted average discount rate was 5.5%. (2)The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2019 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2020 | $ | 4,167 |  |  | $ | 5,386 |
2021 | 1,803 |  |  | 5,494 |
2022 | 1,098 |  |  | 5,604 |
2023 | 728 |  |  | 5,716 |
2024 | 617 |  |  | 5,830 |
Thereafter | 1,447 |  |  | 1,573,824 |
Total undiscounted cash flows | 9,860 |  |  | 1,601,854 |
Present value discount(1) | (1,057) |  |  | (1,454,105) |
Other adjustments(2) | 25,379 |  |  | — |
Lease liabilities | $ | 34,182 |  |  | $ | 147,749 |
_______________________________________________________________________________ (1)The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 4.2 years and the weighted average discount rate was 5.6%. The weighted average lease term for the Company's finance leases was 93 years and the weighted average discount rate was 5.4%. (2)The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf.
Schedule of future minimum lease obligations - finance leases | Future minimum lease obligations under operating and finance leases as of September 30, 2020 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2020 (remaining three months) | $ | 1,065 |  |  | $ | 1,357 |
2021 | 3,797 |  |  | 5,494 |
2022 | 6,756 |  |  | 5,604 |
2023 | 6,393 |  |  | 5,716 |
2024 | 6,309 |  |  | 5,830 |
Thereafter | 6,793 |  |  | 1,573,773 |
Total undiscounted cash flows | 31,113 |  |  | 1,597,774 |
Present value discount(1) | (4,103) |  |  | (1,447,951) |
Other adjustments(2) | 24,213 |  |  | — |
Lease liabilities | $ | 51,223 |  |  | $ | 149,823 |
_______________________________________________________________________________ (1)During the three months ended September 30, 2020 and 2019, the Company made payments of $1.0 million and $1.0 million, respectively, related to its operating leases and $1.4 million and $1.1 million, respectively, related to its finance leases. During the nine months ended September 30, 2020 and 2019, the Company made payments of $3.2 million and $3.0 million, respectively, related to its operating leases and $4.0 million and $2.0 million, respectively, related to its finance leases. The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.8 years and the weighted average discount rate was 5.0%. The weighted average lease term for the Company's finance leases was 97.2 years and the weighted average discount rate was 5.5%. (2)The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2019 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2020 | $ | 4,167 |  |  | $ | 5,386 |
2021 | 1,803 |  |  | 5,494 |
2022 | 1,098 |  |  | 5,604 |
2023 | 728 |  |  | 5,716 |
2024 | 617 |  |  | 5,830 |
Thereafter | 1,447 |  |  | 1,573,824 |
Total undiscounted cash flows | 9,860 |  |  | 1,601,854 |
Present value discount(1) | (1,057) |  |  | (1,454,105) |
Other adjustments(2) | 25,379 |  |  | — |
Lease liabilities | $ | 34,182 |  |  | $ | 147,749 |
_______________________________________________________________________________ (1)The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 4.2 years and the weighted average discount rate was 5.6%. The weighted average lease term for the Company's finance leases was 93 years and the weighted average discount rate was 5.4%. (2)The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf.

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