XML 91 R77.htm IDEA: XBRL DOCUMENT v3.22.4
Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Schedule of Operations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Variable Interest Entity [Line Items]      
Interest expense $ 129,419 $ 79,284 $ 223,068
Total net interest income 128,969 127,582 127,093
Unrealized (losses) gains, net (321,081) 95,649 (160,161)
Total income from real estate 141,656 15,230 419
Total non-interest (loss) income (120,513) 171,741 (359,792)
Expenses related to real estate 255,235 32,813 763
Net loss (340,649) 188,476 (288,243)
Net loss (income) attributable to non-controlling interests 42,044 4,724 (267)
Net (loss) income attributable to Company (298,605) 193,200 (288,510)
VIE, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Net loss (income) attributable to non-controlling interests 38,190 704  
VIE, Primary Beneficiary | Financing And Other VIEs      
Variable Interest Entity [Line Items]      
Interest income 36,448 40,944 197,035
Interest expense 25,145 28,135 161,425
Total net interest income 11,303 12,809 35,610
Realized gains (losses), net 924    
Unrealized (losses) gains, net (6,097) 23,832 (43,024)
Total income from real estate 134,722 12,339 419
Other income 13,859   (2,667)
Total non-interest (loss) income 143,408 36,171 (45,272)
Expenses related to real estate 245,650 29,164 763
Net loss (90,939) 19,816 (10,425)
Net loss (income) attributable to non-controlling interests 42,044 4,724 (267)
Net (loss) income attributable to Company (48,895) 24,540 (10,692)
VIE, Primary Beneficiary | Consolidated K-Series      
Variable Interest Entity [Line Items]      
Interest income     151,841
Interest expense     129,762
Total net interest income     22,079
Unrealized (losses) gains, net     (10,951)
Total income from real estate     0
Other income     0
Total non-interest (loss) income     (10,951)
Expenses related to real estate     0
Net loss     11,128
Net (loss) income attributable to Company     11,128
VIE, Primary Beneficiary | Consolidated SLST      
Variable Interest Entity [Line Items]      
Interest income 36,448 40,944 45,194
Interest expense 25,145 28,135 31,663
Total net interest income 11,303 12,809 13,531
Realized gains (losses), net 0    
Unrealized (losses) gains, net (32,403) 23,832 (32,073)
Total income from real estate 0 0 0
Other income 0   0
Total non-interest (loss) income (32,403) 23,832 (32,073)
Expenses related to real estate 0 0 0
Net loss (21,100) 36,641 (18,542)
Net (loss) income attributable to Company (21,100) 36,641 (18,542)
VIE, Primary Beneficiary | Consolidated Real Estate      
Variable Interest Entity [Line Items]      
Interest income 0 0 0
Interest expense 0 0 0
Total net interest income 0 0 0
Realized gains (losses), net 924    
Unrealized (losses) gains, net 26,306 0 0
Total income from real estate 134,722 12,339 419
Other income 13,859   (2,667)
Total non-interest (loss) income 175,811 12,339 (2,248)
Expenses related to real estate 245,650 29,164 763
Net loss (69,839) (16,825) (3,011)
Net loss (income) attributable to non-controlling interests 42,044 4,724 (267)
Net (loss) income attributable to Company $ (27,795) $ (12,101) $ (3,278)