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Basis of Presentation and Principles of Consolidation (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Real estate      
Real estate, at cost [1] $ 111,909 $ 113,510  
Less: accumulated depreciation [1] (21,678) (21,360)  
Real estate, net [1] 90,231 92,150  
Land and development, net [1] 259,718 286,810  
Cash and cash equivalents 1,400,658 [1] 339,601 [1] $ 154,941
Accrued interest and operating lease income receivable, net [1] 1,601 1,813  
Deferred operating lease income receivable, net [1] 2,941 3,159  
Deferred expenses and other assets, net [1] 48,940 100,434  
Total assets [1] 3,610,620 4,840,534  
LIABILITIES      
Accounts payable, accrued expenses and other liabilities [1] 140,791 236,732  
Liabilities associated with real estate held for sale and classified as discontinued operations 5,715 968,419  
Debt obligations, net [1] 1,833,250 2,572,174  
Total liabilities [1] 1,979,756 3,777,328  
Carrying value of investment [1] 1,556,792 1,297,281  
Consolidated VIEs      
Real estate      
Real estate, at cost 93,835 93,477  
Less: accumulated depreciation (16,518) (14,987)  
Real estate, net 77,317 78,490  
Real estate and other assets available and held for sale and classified as discontinued operations. 198 886,845  
Land and development, net 153,044 176,833  
Cash and cash equivalents 21,318 23,908  
Deferred operating lease income receivable, net 7 3  
Deferred expenses and other assets, net 5,061 5,001  
Total assets 256,945 1,171,081  
LIABILITIES      
Accounts payable, accrued expenses and other liabilities 26,151 24,744  
Liabilities associated with real estate held for sale and classified as discontinued operations 291 493,739  
Total liabilities 26,442 $ 518,483  
Unconsolidated VIEs      
LIABILITIES      
Carrying value of investment 57,500    
Variable interest entity unfunded commitment $ 2,200    
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).