| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||
Cash and cash equivalents | |||||||||
393 | 69 | 60 | 59 | 89 | 77 | 56 | 155 | 334 | 25 |
Restricted cash | |||||||||
159 | 126 | 139 | 114 | 107 | 110 | 115 | 116 | 117 | 41 |
Loans and preferred equity held for investment, net | |||||||||
2,351 | 2,576 | 2,516 | 2,398 | 1,998 | 2,020 | 1,919 | 2,079 | 1,816 | 1,300 |
Real estate securities, available for sale, at fair value | |||||||||
179 | 252 | 255 | 249 | 239 | 228 | 231 | 198 | 176 | 0 |
Real estate, net | |||||||||
1,226 | 1,484 | 1,568 | 1,898 | 2,049 | 1,959 | 1,980 | 1,485 | 1,495 | 219 |
Investments in unconsolidated ventures ($8,764 and $10,283 at fair value, respectively) | |||||||||
585 | 595 | 571 | 719 | 795 | 903 | 770 | 731 | 756 | 203 |
Receivables, net | |||||||||
41 | 46 | 42 | 47 | 55 | 48 | 37 | 35 | 60 | 35 |
Deferred leasing costs and intangible assets, net | |||||||||
98 | 112 | 125 | 143 | 150 | 134 | 141 | 102 | 113 | 11 |
Assets held for sale | |||||||||
270 | 189 | 183 | 147 | - | 0 | 172 | - | - | - |
Other assets | |||||||||
62 | 87 | 76 | 87 | 75 | 62 | 99 | 95 | 56 | 1 |
Mortgage loans held in securitization trusts, at fair value | |||||||||
1,822 | 1,872 | 1,904 | 3,175 | 3,142 | 3,116 | 3,124 | 3,154 | 3,193 | 0 |
Total assets | |||||||||
7,193 | 7,414 | 7,443 | 9,040 | 8,704 | 8,660 | 8,648 | 8,153 | 8,120 | 1,839 |
Liabilities | |||||||||
Securitization bonds payable, net | |||||||||
833 | 833 | 0 | 23 | 53 | 81 | 81 | 126 | 172 | 108 |
Mortgage and other notes payable, net | |||||||||
1,152 | 1,256 | 1,245 | 1,257 | 1,193 | 1,173 | 1,282 | 884 | 924 | 280 |
Credit facilities | |||||||||
1,260 | 1,099 | 1,907 | 1,808 | 1,385 | 1,365 | 1,022 | 800 | 602 | 0 |
Due to related party (Note 10) | |||||||||
10 | 11 | 14 | 13 | 15 | 15 | 14 | 14 | 12 | 0 |
Accrued and other liabilities | |||||||||
145 | 140 | 138 | 133 | 125 | 106 | 101 | 46 | 49 | 5 |
Intangible liabilities, net | |||||||||
10 | 22 | 23 | 31 | 33 | 15 | 16 | 17 | 19 | 0 |
Liabilities related to assets held for sale | |||||||||
10 | 0 | 5 | - | - | 0 | 0 | - | - | - |
Escrow deposits payable | |||||||||
49 | 74 | 87 | 63 | 63 | 65 | 75 | 71 | 67 | 36 |
Dividends payable | |||||||||
13 | 13 | 19 | 19 | 19 | 18 | 18 | 18 | 18 | 0 |
Mortgage obligations issued by securitization trusts, at fair value | |||||||||
1,732 | 1,762 | 1,793 | 3,026 | 2,998 | 2,973 | 2,982 | 3,010 | 3,051 | 0 |
Total liabilities | |||||||||
5,220 | 5,212 | 5,234 | 6,377 | 5,887 | 5,815 | 5,595 | 4,991 | 4,918 | 431 |
Equity | |||||||||
Stockholders’ equity | |||||||||
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2020 and 2019 | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock | |||||||||
1 | 1 | - | - | - | - | - | - | - | - |
Additional paid-in capital | |||||||||
2,907 | 2,909 | 2,905 | 2,903 | 2,899 | 2,899 | 2,898 | 2,896 | 2,894 | 821 |
Accumulated deficit | |||||||||
-959 | -819 | -809 | -397 | -234 | -193 | -10 | 97 | 136 | 258 |
Accumulated other comprehensive income (loss) | |||||||||
-42 | 28 | 28 | 25 | 13 | -0 | 2 | -2 | -1 | 0 |
Total stockholders’ equity | |||||||||
1,906 | 2,119 | 2,126 | 2,532 | 2,679 | 2,706 | 2,891 | 2,992 | 3,030 | 1,079 |
Noncontrolling interests in investment entities | |||||||||
21 | 31 | 31 | 69 | 72 | 72 | 90 | 96 | 98 | 327 |
Noncontrolling interests in the Operating Partnership | |||||||||
45 | 50 | 50 | 60 | 64 | 65 | 70 | 72 | 73 | 0 |
Total equity | |||||||||
1,973 | 2,201 | 2,209 | 2,663 | 2,816 | 2,845 | 3,052 | 3,162 | 3,202 | 1,407 |
Total liabilities and equity | |||||||||
7,193 | 7,414 | 7,443 | 9,040 | 8,704 | 8,660 | 8,648 | 8,153 | 8,120 | 1,839 |
Allowance for loan losses | |||||||||
52 | 272 | - | - | - | - | - | - | - | - |
Primary beneficiary | |||||||||
Cash and cash equivalents | |||||||||
11 | 14 | 13 | 13 | 15 | 12 | 8 | 13 | 45 | 1 |
Restricted cash | |||||||||
15 | 25 | 18 | 19 | 16 | 18 | 20 | 21 | 29 | 24 |
Loans and preferred equity held for investment, net | |||||||||
994 | 1,016 | 14 | 31 | 23 | 167 | 186 | 187 | - | 379 |
Available-for-sale Securities, Debt Securities | |||||||||
- | - | - | - | - | - | - | - | 459 | - |
Real estate, net | |||||||||
178 | 381 | 392 | 572 | 641 | 547 | 546 | 730 | 734 | 8 |
Receivables, net | |||||||||
20 | 26 | 19 | 21 | 19 | 17 | 17 | 18 | 48 | 11 |
Deferred leasing costs and intangible assets, net | |||||||||
26 | 36 | 41 | 55 | 58 | 38 | 41 | 61 | 69 | 0 |
Assets held for sale | |||||||||
210 | 102 | 112 | 76 | - | 0 | 172 | - | - | - |
Other assets | |||||||||
24 | 26 | 28 | 28 | 3 | 1 | 2 | 2 | 3 | 0 |
Mortgage loans held in securitization trusts, at fair value | |||||||||
1,822 | 1,872 | 1,904 | 3,175 | 3,142 | 3,116 | 3,124 | 3,154 | 3,193 | 0 |
Total assets | |||||||||
3,305 | 3,502 | 2,543 | 3,992 | 3,921 | 3,920 | 4,118 | 4,189 | 4,584 | 425 |
Securitization bonds payable, net | |||||||||
833 | 833 | 0 | 23 | 23 | 43 | 43 | 45 | 91 | 108 |
Mortgage and other notes payable, net | |||||||||
297 | 341 | 342 | 343 | 324 | 325 | 423 | 423 | 433 | 0 |
Credit facilities | |||||||||
24 | 23 | 23 | 28 | 27 | 0 | - | - | - | - |
Accrued and other liabilities | |||||||||
100 | 124 | 60 | 32 | 35 | 32 | 29 | 29 | 29 | 3 |
Intangible liabilities, net | |||||||||
8 | 20 | 21 | 28 | 30 | 11 | 12 | 14 | 15 | 0 |
Liabilities related to assets held for sale | |||||||||
10 | 0 | 5 | - | - | 0 | 0 | - | - | - |
Escrow deposits payable | |||||||||
4 | 10 | 5 | 7 | 7 | 9 | 9 | 10 | 19 | 24 |
Mortgage obligations issued by securitization trusts, at fair value | |||||||||
1,732 | 1,762 | 1,793 | 3,026 | 2,998 | 2,973 | 2,982 | 3,010 | 3,051 | 0 |
Total liabilities | |||||||||
3,012 | 3,117 | 2,252 | 3,490 | 3,446 | 3,397 | 3,502 | 3,533 | 3,639 | 137 |
Class A | |||||||||
Common stock | |||||||||
- | - | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
Class B-3 | |||||||||
Common stock | |||||||||
- | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |