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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Residential loans, net $ 3,049,166 $ 2,961,396
Residential loans, at fair value 0 17,816,746
Preferred equity and mezzanine loan investments   180,045
Equity investments $ 259,095 $ 189,965
Operating Lease, Liability, Statement of Financial Position [Extensible List] us-gaap:OtherLiabilities us-gaap:OtherLiabilities
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 200,000,000 200,000,000
Preferred stock, shares issued (in shares) 20,872,888 20,872,888
Preferred stock, shares outstanding (in shares) 20,872,888 20,872,888
Liquidation Preference $ 521,822  
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 800,000,000 800,000,000
Common stock, shares issued (in shares) 377,744,476 377,744,476
Common stock, shares outstanding (in shares) 291,371,039 291,371,039
Total assets [1] $ 4,655,587 $ 23,483,369
Total liabilities [1] 2,348,014 21,278,340
VIE, Primary Beneficiary    
Total assets 2,150,984 19,270,384
Total liabilities 1,667,306 17,878,314
Equity Method Investment Portfolio    
Equity investments, estimated fair value 259,095 83,882
Equity investments $ 259,095 83,882
Equity investments   $ 106,083
Preferred Stock    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 30,900,000 30,900,000
Preferred stock, shares outstanding (in shares) 20,872,888 20,872,888
Liquidation Preference $ 521,822 $ 521,822
Residential collateralized debt obligations, at fair value    
Collateralized debt obligations 1,054,335 17,777,280
Residential collateralized debt obligations, at fair value | VIE, Primary Beneficiary    
Collateralized debt obligations 1,054,335 17,777,280
Residential Collateralized Debt Obligations    
Collateralized debt obligations 569,323 40,429
Residential Collateralized Debt Obligations | VIE, Primary Beneficiary    
Collateralized debt obligations 569,323 40,429
Residential loans, at fair value    
Residential loans, net 3,049,166 2,758,640
Residential Mortgage Loans    
Residential loans, net 0 202,756
Multi-family loans at fair value    
Residential loans, at fair value $ 163,593 $ 17,816,746
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) as the Company is the primary beneficiary of these VIEs. As of December 31, 2020 and December 31, 2019, assets of consolidated VIEs totaled $2,150,984 and $19,270,384, respectively, and the liabilities of consolidated VIEs totaled $1,667,306 and $17,878,314, respectively. See Note 7 for further discussion.