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Commitments and Contingencies (Tables) | 3 Months Ended
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Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract] |
Schedule of unfunded commitments | As of March 31, 2021, 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 |  | Real Estate |  | Other Investments |  | Total
Performance-Based Commitments | $ | 110,398 |  |  | $ | 69,734 |  |  | $ | 35,044 |  |  | $ | 215,176 |
Strategic Investments | — |  |  | — |  |  | 17,015 |  |  | 17,015 |
Total | $ | 110,398 |  |  | $ | 69,734 |  |  | $ | 52,059 |  |  | $ | 232,191 |
Schedule of future minimum lease obligations operating leases | Future minimum operating lease payments to be collected under non-cancelable operating leases, excluding customer reimbursements of expenses, in effect as of March 31, 2021, are as follows by year ($ in thousands):
Year |  | Net Lease |  | Operating Properties
2021 (remaining nine months) |  | $ | 95,970 |  |  | $ | 10,877 |
2022 |  | 130,077 |  |  | 6,677 |
2023 |  | 121,718 |  |  | 6,421 |
2024 |  | 116,027 |  |  | 6,383 |
2025 |  | 119,483 |  |  | 5,720 |
Thereafter |  | 1,254,867 |  |  | 8,247 |
Future minimum lease obligations under operating and finance leases as of March 31, 2021 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2021 (remaining nine months) | $ | 2,975 |  |  | $ | 4,133 |
2022 | 6,756 |  |  | 5,604 |
2023 | 6,393 |  |  | 5,716 |
2024 | 6,309 |  |  | 5,830 |
2025 | 6,297 |  |  | 5,946 |
Thereafter | 496 |  |  | 1,567,826 |
Total undiscounted cash flows | 29,226 |  |  | 1,595,055 |
Present value discount(1) | (3,448) |  |  | (1,443,833) |
Other adjustments(2) | 23,368 |  |  | — |
Lease liabilities | $ | 49,146 |  |  | $ | 151,222 |
_______________________________________________________________________________ (1)During the three months ended March 31, 2021 and 2020, the Company made payments of $0.8 million and $1.1 million, respectively, related to its operating leases and $1.4 million and $1.3 million, respectively, related to its finance leases with SAFE. The weighted average remaining lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.3 years and the weighted average discount rate was 5.0%. The weighted average remaining lease term for the Company's finance leases was 96.7 years and the weighted average discount rate was 5.5%. (2)The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2020 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2021 | $ | 3,797 |  |  | $ | 5,494 |
2022 | 6,756 |  |  | 5,604 |
2023 | 6,393 |  |  | 5,716 |
2024 | 6,309 |  |  | 5,830 |
2025 | 6,297 |  |  | 5,946 |
Thereafter | 496 |  |  | 1,567,826 |
Total undiscounted cash flows | 30,048 |  |  | 1,596,416 |
Present value discount(1) | (3,771) |  |  | (1,445,896) |
Other adjustments(2) | 23,795 |  |  | — |
Lease liabilities | $ | 50,072 |  |  | $ | 150,520 |
_______________________________________________________________________________ (1)The weighted average remaining lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.6 years and the weighted average discount rate was 5.0%. The weighted average remaining lease term for the Company's finance leases was 97 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.
Schedule of future minimum lease obligations finance leases | Future minimum lease obligations under operating and finance leases as of March 31, 2021 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2021 (remaining nine months) | $ | 2,975 |  |  | $ | 4,133 |
2022 | 6,756 |  |  | 5,604 |
2023 | 6,393 |  |  | 5,716 |
2024 | 6,309 |  |  | 5,830 |
2025 | 6,297 |  |  | 5,946 |
Thereafter | 496 |  |  | 1,567,826 |
Total undiscounted cash flows | 29,226 |  |  | 1,595,055 |
Present value discount(1) | (3,448) |  |  | (1,443,833) |
Other adjustments(2) | 23,368 |  |  | — |
Lease liabilities | $ | 49,146 |  |  | $ | 151,222 |
_______________________________________________________________________________ (1)During the three months ended March 31, 2021 and 2020, the Company made payments of $0.8 million and $1.1 million, respectively, related to its operating leases and $1.4 million and $1.3 million, respectively, related to its finance leases with SAFE. The weighted average remaining lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.3 years and the weighted average discount rate was 5.0%. The weighted average remaining lease term for the Company's finance leases was 96.7 years and the weighted average discount rate was 5.5%. (2)The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2020 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2021 | $ | 3,797 |  |  | $ | 5,494 |
2022 | 6,756 |  |  | 5,604 |
2023 | 6,393 |  |  | 5,716 |
2024 | 6,309 |  |  | 5,830 |
2025 | 6,297 |  |  | 5,946 |
Thereafter | 496 |  |  | 1,567,826 |
Total undiscounted cash flows | 30,048 |  |  | 1,596,416 |
Present value discount(1) | (3,771) |  |  | (1,445,896) |
Other adjustments(2) | 23,795 |  |  | — |
Lease liabilities | $ | 50,072 |  |  | $ | 150,520 |
_______________________________________________________________________________ (1)The weighted average remaining lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.6 years and the weighted average discount rate was 5.0%. The weighted average remaining lease term for the Company's finance leases was 97 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.

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