DigitalBridge (DBRG) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 03, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-37980
Entity Registrant Name	DigitalBridge Group, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	46-4591526
Entity Address, Address Line One	750 Park of Commerce Drive
Entity Address, Address Line Two	Suite 210
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33487
City Area Code	561
Local Phone Number	570-4644
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001679688
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Class A Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	DBRG
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		597,067,803
Series H
Entity Information [Line Items]
Title of 12(b) Security	Preferred Stock, 7.125% Series H Cumulative Redeemable, $0.01 par value
Trading Symbol	DBRG.PRH
Security Exchange Name	NYSE
Series I
Entity Information [Line Items]
Title of 12(b) Security	Preferred Stock, 7.15% Series I Cumulative Redeemable, $0.01 par value
Trading Symbol	DBRG.PRI
Security Exchange Name	NYSE
Series J
Entity Information [Line Items]
Title of 12(b) Security	Preferred Stock, 7.125% Series J Cumulative Redeemable, $0.01 par value
Trading Symbol	DBRG.PRJ
Security Exchange Name	NYSE
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		665,978

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 1,117,688	$ 1,602,102
Restricted cash	106,332	99,121
Real estate, net	5,628,072	4,972,284
Loans receivable (at fair value)	504,739	173,921
Equity investments ($242,915 and $201,912 at fair value)	940,601	935,153
Goodwill	761,368	761,368
Deferred leasing costs and intangible assets, net	1,225,487	1,187,627
Assets held for disposition	151,307	3,676,615
Other assets ($5,176 and $944 at fair value)	746,176	740,395
Due from affiliates	50,387	49,230
Total assets	11,232,157	14,197,816
Liabilities
Debt, net	5,123,246	4,860,402
Accrued and other liabilities ($4,943 and $0 at fair value)	896,253	928,042
Intangible liabilities, net	34,459	33,301
Liabilities related to assets held for disposition	758	3,088,699
Dividends and distributions payable	15,759	15,759
Total liabilities	6,070,475	8,926,203
Commitments and contingencies (Note 20)
Redeemable noncontrolling interests	1,038,739	359,223
Stockholders’ equity:
Preferred stock, $0.01 par value per share; $883,500 liquidation preference; 250,000 shares authorized; 35,340 shares issued and outstanding	854,232	854,232
Additional paid-in capital	7,356,363	7,820,807
Accumulated deficit	(6,838,497)	(6,576,180)
Accumulated other comprehensive income	12,753	42,383
Total stockholders’ equity	1,390,832	2,146,934
Noncontrolling interests in investment entities	2,688,907	2,653,173
Noncontrolling interests in Operating Company	43,204	112,283
Total equity	4,122,943	4,912,390
Total liabilities, redeemable noncontrolling interests and equity	11,232,157	14,197,816
Class A Common Stock
Stockholders’ equity:
Common stock, $0.01 par value per share	5,974	5,685
Class B Common Stock
Stockholders’ equity:
Common stock, $0.01 par value per share	$ 7	$ 7

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Equity and debt investments, fair value disclosure	$ 242,915	$ 201,912
Other assets, fair value	5,176	944
Accrued and other liabilities, at fair value	$ 4,943	$ 0
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference	$ 883,500	$ 883,500
Preferred stock, shares authorized (in shares)	250,000	250,000
Preferred stock, shares issued (in shares)	35,340	35,340
Preferred stock, shares outstanding (in shares)	35,340	35,340
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	949,000	949,000
Common stock, shares issued (in shares)	597,480	568,577
Common stock, shares outstanding (in shares)	597,480	568,577
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000	1,000
Common stock, shares issued (in shares)	666	666
Common stock, shares outstanding (in shares)	666	666

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues
Interest income	$ 5,166	$ 854
Total revenues	257,459	220,581
Expenses
Property operating expense	84,003	79,862
Interest expense	44,030	39,780
Investment expense	9,565	6,893
Transaction-related costs	165	1,618
Depreciation and amortization	128,567	139,425
Compensation expense—cash and equity-based	65,542	78,786
Compensation expense (reversal)—incentive fee and carried interest	(20,352)	(33)
Administrative expenses	27,885	17,796
Total expenses	339,405	364,127
Other income (loss)
Other loss, net	(149,881)	(9,350)
Equity method earnings (losses)	19,207	(16,417)
Equity method losses—carried interest	(31,079)	(222)
Loss from continuing operations before income taxes	(243,699)	(169,535)
Income tax benefit	7,413	23,196
Loss from continuing operations	(236,286)	(146,339)
Loss from discontinued operations	(107,398)	(481,260)
Net loss	(343,684)	(627,599)
Net income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	(11,220)	2,449
Investment entities	(63,045)	(355,862)
Operating Company	(22,862)	(27,896)
Net loss attributable to DigitalBridge Group, Inc.	(246,557)	(246,290)
Preferred stock dividends	15,759	18,516
Net loss attributable to common stockholders	$ (262,316)	$ (264,806)
Loss per share—basic
Loss from continuing operations per common share - basic (in dollars per share)	$ (0.30)	$ (0.22)
Net loss attributable to common stockholders per common share - basic (in dollars per share)	(0.46)	(0.56)
Loss per share—diluted
Loss from continuing operations per common share - diluted (in dollars per share)	(0.30)	(0.22)
Net loss attributable to common stockholders per common share - diluted (in dollars per share)	$ (0.46)	$ (0.56)
Weighted average number of shares
Basic (in shares)	569,940	474,899
Diluted (in shares)	569,940	474,899
Affiliated Entity
Revenues
Income	$ 3,379	$ 519
Property operating income
Revenues
Income	202,511	189,002
Fee income
Revenues
Income	42,837	29,443
Other income
Revenues
Income	$ 6,945	$ 1,282

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Affiliated Entity
Other income	$ 3,379	$ 519

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net loss	$ (343,684)	$ (627,599)
Changes in accumulated other comprehensive income (loss) related to:
Equity method investments	2	(2,708)
Available-for-sale debt securities	(6,373)	(3,309)
Cash flow hedges	0	1,285
Foreign currency translation	(37,941)	(59,618)
Net investment hedges	0	4,118
Other comprehensive income (loss)	(44,312)	(60,232)
Comprehensive loss	(387,996)	(687,831)
Comprehensive income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	(11,220)	2,449
Comprehensive loss attributable to stockholders	(276,262)	(267,433)
Investment entities
Comprehensive income (loss) attributable to noncontrolling interests:
Comprehensive income (loss) attributable to noncontrolling interests	(75,056)	(392,518)
Operating Company
Comprehensive income (loss) attributable to noncontrolling interests:
Comprehensive income (loss) attributable to noncontrolling interests	$ (25,458)	$ (30,329)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Total Stockholders’ Equity	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Noncontrolling Interests in Investment Entities	Noncontrolling Interests in Operating Company	Class A Common StockTotal Stockholders’ Equity	Class A Common StockAdditional Paid-in Capital	Class A Common StockNoncontrolling Interests in Operating Company
Beginning balance at Dec. 31, 2020	$ 6,984,590	$ 2,501,471	$ 999,490	$ 4,841	$ 7,570,473	$ (6,195,456)	$ 122,123	$ 4,327,372	$ 155,747
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(630,048)	(246,290)				(246,290)		(355,862)	(27,896)
Other comprehensive income (loss)	(60,232)	(21,143)					(21,143)	(36,656)	(2,433)
Adjustment to fair value of redeemable noncontrolling interests (Note 10)	0
Deconsolidation of investment entities (Note 21)	(22,413)							(22,413)
Redemption of OP Units for common stock										$ 16	$ 16	$ (16)
Equity awards issued, net of forfeitures	18,200	16,584		48	16,536			308	1,308
Shares canceled for tax withholdings on vested equity awards	(7,718)	(7,718)		(11)	(7,707)
Contributions from noncontrolling interests	113,213							113,213
Distributions to noncontrolling interests	(26,739)							(26,739)	0
Preferred stock dividends	(18,516)	(18,516)				(18,516)
Reallocation of equity (Notes 2 and 10)		(2,369)			(2,445)		76	4,682	(2,313)
Ending balance at Mar. 31, 2021	6,350,337	2,222,035	999,490	4,878	7,576,873	(6,460,262)	101,056	4,003,905	124,397
Beginning balance at Dec. 31, 2021	4,912,390	2,146,934	854,232	5,692	7,820,807	(6,576,180)	42,383	2,653,173	112,283
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(332,464)	(246,557)				(246,557)		(63,045)	(22,862)
Other comprehensive income (loss)	(44,312)	(29,705)					(29,705)	(12,011)	(2,596)
Exchange of notes for common stock (Note 8)	177,818	177,818		256	177,562
Adjustment to fair value of redeemable noncontrolling interests (Note 10)	(690,000)	(690,000)			(690,000)
Deconsolidation of investment entities (Note 21)	(176,856)	0						(176,856)
Redemption of OP Units for common stock	(32,076)							(32,076)		$ 2	$ 2	$ (2)
Equity awards issued, net of forfeitures	18,625	14,336		50	14,286			2,734	1,555
Shares canceled for tax withholdings on vested equity awards	(11,410)	(11,410)		(17)	(11,393)
Contributions from noncontrolling interests	343,006							343,006
Distributions to noncontrolling interests	(26,018)							(26,018)
Preferred stock dividends	(15,760)	(15,760)				(15,760)
Reallocation of equity (Notes 2 and 10)		45,174			45,099		75	0	(45,174)
Ending balance at Mar. 31, 2022	$ 4,122,943	$ 1,390,832	$ 854,232	$ 5,981	$ 7,356,363	$ (6,838,497)	$ 12,753	$ 2,688,907	$ 43,204

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)
Cash Flows from Operating Activities
Net loss	$ (343,684)	$ (627,599)
Adjustments to reconcile net loss to net cash provided by operating activities:
Paid-in-kind interest added to loan principal, net of interest received	(1,144)	(4,267)
Straight-line rent income	(4,530)	18,800
Amortization of above- and below-market lease values, net	(132)	6,098
Amortization of deferred financing costs and debt discount and premium, net	96,279	43,729
Equity method (gains) losses	(116)	111,519
Distributions of income from equity method investments	0	520
Allowance for doubtful accounts	0	205
Impairment of real estate and related intangibles and right-of-use asset	23,802	123,760
Depreciation and amortization	130,906	190,305
Equity-based compensation	18,719	19,319
Gain on sales of real estate, net	0	(45,750)
Deferred income tax benefit	(9,040)	(34,480)
Loss on extinguishment of exchangeable notes	133,173	0
Other loss, net	17,332	213,661
(Increase) decrease in other assets and due from affiliates	(4,186)	(31,721)
Increase (decrease) in accrued and other liabilities and due to affiliates	(55,136)	(7,460)
Other adjustments, net	(986)	(576)
Net cash provided by (used in) operating activities	1,257	(23,937)
Cash Flows from Investing Activities
Contributions to and acquisition of equity investments	(215,040)	(117,776)
Return of capital from equity method investments	11,829	2,253
Acquisition of loans receivable and debt securities	(101,607)	(9,697)
Net disbursements on originated loans	(205,507)	(3,631)
Repayments of loans receivable	15,845	8,798
Proceeds from sales of loans receivable and debt securities	126,644	0
Acquisition of and additions to real estate, related intangibles and leasing commissions	(822,368)	(74,024)
Proceeds from sales of real estate	96,660	143,328
Cash and restricted cash assumed by buyer in sales of real estate investment holding entities	(189,453)	(78,520)
Proceeds from paydown and maturity of debt securities	566	0
Proceeds from sale of equity investments	194,524	90,509
Investment deposits	(13,367)	0
Proceeds from sale of corporate fixed assets	0	14,946
Net receipts on settlement of derivatives	0	15,913
Other investing activities, net	(875)	0
Net cash used in investing activities	(1,102,149)	(7,901)
Cash Flows from Financing Activities
Dividends paid to preferred stockholders	(15,760)	(18,516)
Repayment or repurchase of senior notes	(14,237)	(31,502)
Borrowings from secured debt	326,500	684,537
Repayment of secured debt	(3,894)	(600,082)
Payment of deferred financing costs	(6,999)	(18,543)
Contributions from noncontrolling interests	353,156	123,852
Distributions to and redemptions by noncontrolling interests	(35,962)	(32,857)
Shares canceled for tax withholdings on vested equity awards	(11,410)	(7,718)
Acquisition of noncontrolling interest	(32,076)	0
Net cash provided by financing activities	559,318	99,171
Effect of exchange rates on cash, cash equivalents and restricted cash	(651)	4,050
Net increase (decrease) in cash, cash equivalents and restricted cash	(542,225)	71,383
Cash, cash equivalents and restricted cash, beginning of period	1,766,245	963,008
Cash, cash equivalents and restricted cash, end of period	1,224,020	1,034,391
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Roll Forward]
Cash and cash equivalents, beginning balance	1,602,102	703,544
Restricted cash, beginning balance	99,121	67,772
Restricted cash included in assets held for disposition, beginning balance	65,022	191,692
Cash and cash equivalents, ending balance	1,117,688	788,361
Restricted cash, ending balance	106,332	90,101
Restricted cash included in assets held for disposition, ending balance	0	155,929
Total cash, cash equivalents and restricted cash, beginning of period	$ 1,224,020	$ 1,034,391

Business and Organization

Business and Organization	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Organization	1. Business and Organization DigitalBridge Group, Inc. or DBRG (together with its consolidated subsidiaries, the "Company") is a leading global-scale digital infrastructure firm. The Company invests, directly and through its portfolio companies, across the digital ecosystem, including data centers, cell towers, fiber networks, small cells, and edge infrastructure, and manages digital infrastructure assets on behalf of its limited partners and shareholders. Organization The Company conducts all of its activities and holds substantially all of its assets and liabilities through its operating subsidiary, DigitalBridge Operating Company, LLC (the "Operating Company" or the "OP") . At March 31, 2022, the Company owned 92% of the OP , as its sole managing member. The remaining 8% is owned primarily by certain current and former employees of the Company as noncontrolling interests. Transition to C-Corporation Prior to January 1, 2022, the Company elected to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes, which generally provided that the Company was not subject to U.S. federal and state income taxes on its taxable income to the extent that it annually distributed such income to stockholders. The income earned through the Company’s underlying taxable REIT subsidiaries ("TRS"), primarily the investment management earnings, however, was subject to U.S. federal and state income tax. In the first quarter of 2022, the Company completed the disposition of its non-digital assets, as described below, and in connection with its digital transformation, has recorded significant growth in its Digital Investment Management ("Digital IM") business. Due to the pace of growth of the Company's Digital IM business and other strategic transactions that the Company may pursue, the Company’s Board of Directors and management agreed to discontinue actions necessary to maintain qualification as a REIT for 2022. Commencing with the taxable year ending December 31, 2022, all of the Company’s taxable income, except for income generated by subsidiaries that have elected or anticipate electing REIT status, is subject to U.S. federal and state income tax at the applicable corporate tax rate. Any dividends paid to stockholders will no longer be tax deductible. The Company is also no longer subject to the REIT requirement for distributions to stockholders when the Company has taxable income. The Company anticipates that operating as a C-Corporation will provide the Company with flexibility to execute various strategic initiatives without the constraints of complying with REIT requirements. This includes the intended deployment of capital to redeem third party interest in the Company’s Digital IM business, retaining and reinvesting earnings in other new initiatives in the Digital IM business, and warehousing digital infrastructure investments in the future that may be non-REIT qualified assets. The Company’s transition to a C-Corporation is not expected to result in significant incremental current income tax expense in the near term due to the availability of significant capital loss and net operating loss (“NOL”) carry forwards. As of March 31, 2022, there was no material net tax effect on the Company’s consolidated statement of operations as a result of the Company's transition to a C-Corporation, as discussed in Note 7. Digital Transformation In February 2022, the Company completed its digital transformation that commenced in the second quarter of 2020. The Company's completed disposition of its hotel business (March 2021), Other Equity and Debt ("OED") investments and non-digital investment management ("Other IM") business (December 2021), and its Wellness Infrastructure business (February 2022) each represented a strategic shift in the Company's business that had a significant effect on the Company’s operations and financial results, and accordingly, had met the criteria as discontinued operations. For all current and prior periods presented, the related assets and liabilities, to the extent they have not been disposed at the respective balance sheet dates, are presented as assets and liabilities held for disposition on the consolidated balance sheets (Note 11) and the related operating results are presented as discontinued operations on the consolidated statements of operations (Note 12).

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The significant accounting policies of the Company are described below. The accounting policies of the Company's unconsolidated ventures are substantially similar to those of the Company. Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. These statements reflect all normal and recurring adjustments which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented. However, the results of operations for the interim period presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, or any other future period. These interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in, or presented as exhibits to, the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The accompanying consolidated financial statements include the accounts of the Company and its controlled subsidiaries. All significant intercompany accounts and transactions have been eliminated. The portions of equity, net income and other comprehensive income of consolidated subsidiaries that are not attributable to the parent are presented separately as amounts attributable to noncontrolling interests in the consolidated financial statements. A substantial portion of noncontrolling interests represents interests held by private investment funds or other investment vehicles managed by the Company and which invest alongside the Company and membership interests in OP primarily held by certain employees of the Company. To the extent the Company consolidates a subsidiary that is subject to industry-specific guidance, the Company retains the industry-specific guidance applied by that subsidiary in its consolidated financial statements. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates and assumptions. Principles of Consolidation The Company consolidates entities in which it has a controlling financial interest by first considering if an entity meets the definition of a variable interest entity ("VIE") for which the Company is deemed to be the primary beneficiary, or if the Company has the power to control an entity through a majority of voting interest or through other arrangements. Variable Interest Entities —A VIE is an entity that either (i) lacks sufficient equity to finance its activities without additional subordinated financial support from other parties; (ii) whose equity holders lack the characteristics of a controlling financial interest; and/or (iii) is established with non-substantive voting rights. A VIE is consolidated by its primary beneficiary, which is defined as the party who has a controlling financial interest in the VIE through (a) power to direct the activities of the VIE that most significantly affect the VIE’s economic performance, and (b) obligation to absorb losses or right to receive benefits of the VIE that could be significant to the VIE. This assessment may involve subjectivity in the determination of which activities most significantly affect the VIE’s performance, and estimates about current and future fair value of the assets held by the VIE and financial performance of the VIE. In assessing its interests in the VIE, the Company also considers interests held by its related parties, including de facto agents. Additionally, the Company assesses whether it is a member of a related party group that collectively meets the power and benefits criteria and, if so, whether the Company is most closely associated with the VIE. In performing the related party analysis, the Company considers both qualitative and quantitative factors, including, but not limited to: the characteristics and size of its investment relative to the related party; the Company’s and the related party's ability to control or significantly influence key decisions of the VIE including consideration of involvement by de facto agents; the obligation or likelihood for the Company or the related party to fund operating losses of the VIE; and the similarity and significance of the VIE’s business activities to those of the Company and the related party. The determination of whether an entity is a VIE, and whether the Company is the primary beneficiary, may involve significant judgment, and depends upon facts and circumstances specific to an entity at the time of the assessment. Voting Interest Entities —Unlike VIEs, voting interest entities have sufficient equity to finance their activities and equity investors exhibit the characteristics of a controlling financial interest through their voting rights. The Company consolidates such entities when it has the power to control these entities through ownership of a majority of the entities' voting interests or through other arrangements. At each reporting period, the Company reassesses whether changes in facts and circumstances cause a change in the status of an entity as a VIE or voting interest entity, and/or a change in the Company's consolidation assessment. Changes in consolidation status are applied prospectively. An entity may be consolidated as a result of this reassessment, in which case, the assets, liabilities and noncontrolling interest in the entity are recorded at fair value upon initial consolidation. Any existing equity interest held by the Company in the entity prior to the Company obtaining control will be remeasured at fair value, which may result in a gain or loss recognized upon initial consolidation. However, if the consolidation represents an asset acquisition of a voting interest entity, the Company's existing interest in the acquired assets, if any, is not remeasured to fair value but continues to be carried at historical cost. The Company may also deconsolidate a subsidiary as a result of this reassessment, which may result in a gain or loss recognized upon deconsolidation depending on the carrying values of deconsolidated assets and liabilities compared to the fair value of any interests retained. Noncontrolling Interests Redeemable Noncontrolling Interests —This represents noncontrolling interests in the Company's digital investment management business and in consolidated open-end funds sponsored by the Company. The noncontrolling interests either have redemption rights that will be triggered upon the occurrence of certain events (Note 10) or have the ability to withdraw all or a portion of their interests from the consolidated open-end funds in cash with advance notice. Redeemable noncontrolling interests is presented outside of permanent equity. Allocation of net income or loss to redeemable noncontrolling interests is based upon their ownership percentage during the period. The carrying amount of redeemable noncontrolling interests is adjusted to its redemption value at the end of each reporting period to an amount not less than its initial carrying value, except for amounts contingently redeemable which will be adjusted to redemption value only when redemption is probable. Such adjustments will be recognized in additional paid-in capital. Noncontrolling Interests in Investment Entities —This represents predominantly interests in consolidated investment entities held by co-investors through investment vehicles managed by the Company or held by third party joint venture partners. Allocation of net income or loss is generally based upon relative ownership interests held by equity owners in each investment entity, or based upon contractual arrangements that may provide for disproportionate allocation of economic returns among equity interests, including using a hypothetical liquidation at book value basis, where applicable and substantive. Noncontrolling Interests in Operating Company —This represents membership interests in OP held primarily by certain employees of the Company. Noncontrolling interests in OP are allocated a share of net income or loss in OP based on their weighted average ownership interest in OP during the period. Noncontrolling interests in OP have the right to require OP to redeem part or all of such member’s membership units in OP ("OP Units") for cash based on the market value of an equivalent number of shares of class A common stock at the time of redemption, or at the Company's election as managing member of OP, through issuance of shares of class A common stock (registered or unregistered) on a one-for-one basis. At the end of each reporting period, noncontrolling interests in OP is adjusted to reflect their ownership percentage in OP at the end of the period, through a reallocation between controlling and noncontrolling interests in OP, as applicable. Business Combinations Definition of a Business —The Company evaluates each purchase transaction to determine whether the acquired assets meet the definition of a business. If substantially all of the fair value of gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, then the set of transferred assets and activities is not a business. If not, for an acquisition to be considered a business, it would have to include an input and a substantive process that together significantly contribute to the ability to create outputs (i.e., there is a continuation of revenue before and after the transaction). A substantive process is not ancillary or minor, cannot be replaced without significant costs, effort or delay or is otherwise considered unique or scarce. To qualify as a business without outputs, the acquired assets would require an organized workforce with the necessary skills, knowledge and experience to perform a substantive process. Asset Acquisitions —For acquisitions that are not deemed to be businesses, the assets acquired are recognized based on their cost to the Company as the acquirer and no gain or loss is recognized. The cost of assets acquired in a group is allocated to individual assets within the group based on their relative fair values and does not give rise to goodwill. Transaction costs related to acquisition of assets are included in the cost basis of the assets acquired. Business Combinations —The Company accounts for acquisitions that qualify as business combinations by applying the acquisition method. Transaction costs related to acquisition of a business are expensed as incurred and excluded from the fair value of consideration transferred. The identifiable assets acquired, liabilities assumed and noncontrolling interests in an acquired entity are recognized and measured at their estimated fair values. The excess of the fair value of consideration transferred over the fair values of identifiable assets acquired, liabilities assumed and noncontrolling interests in an acquired entity, net of fair value of any previously held interest in the acquired entity, is recorded as goodwill. Such valuations require management to make significant estimates and assumptions. Contingent Consideration —Contingent consideration is classified as a liability or equity, as applicable. Contingent consideration in connection with the acquisition of a business or a VIE is measured at fair value on acquisition date, and unless classified as equity, is remeasured at fair value each reporting period thereafter until the consideration is settled, with changes in fair value included in net income. Contingent consideration in connection with the acquisition of assets (and that is not a VIE) is generally recognized when the liability is considered both probable and reasonably estimable, as part of the basis of the acquired assets . Discontinued Operations If the disposition of a component, being an operating or reportable segment, business unit, subsidiary or asset group, represents a strategic shift that has or will have a major effect on the Company’s operations and financial results, the operating profits or losses of the component when classified as held for sale, and the gain or loss upon disposition of the component, are presented as discontinued operations in the statements of operations. A business or asset group acquired in connection with a business combination that meets the criteria to be accounted for as held for sale at the date of acquisition is reported as discontinued operations, regardless of whether it meets the strategic shift criterion. The disposition of (i) NRF Holdco, LLC ("NRF Holdco"), a former subsidiary of the Company that held the Wellness Infrastructure business, in February 2022, (ii) a substantial majority of the OED investments and Other IM business in December 2021, and (iii) the hotel business, composed of the Hospitality segment and the THL Hotel Portfolio in March 2021, all represent strategic shifts that have or are expected to have major effects on the Company’s operations and financial results, and have met the criteria as discontinued operations as of June 2021, March 2021, and September 2020, respectively. Accordingly, for all prior periods presented, the related assets and liabilities are presented as assets and liabilities held for disposition on the consolidated balance sheets (Note 11) and the related operating results are presented as income (loss) from discontinued operations on the consolidated statements of operations (Note 12). Discontinued operations in prior periods include investments in the respective segments that have been disposed or otherwise resolved in those periods. Reclassifications Reclassifications were made related to discontinued operations as discussed in "—Discontinued Operations" above and to prior period segment reporting presentation as discussed in Note 19. These reclassifications did not affect the Company's financial position, results of operations or cash flows. Accounting Standards Adopted in 2022 Amendment to Lessor Accounting In July 2021, the FASB issued ASU No. 2021-5, Lessors—Certain Leases with Variable Lease Payments , which amends existing lease classification guidance for lessors to better reflect the economics of certain lease arrangements. The ASU requires a lease with variable lease payments that are not based upon a rate or index to be classified as an operating lease if classification as a direct financing lease or sales-type lease would have resulted in a loss to the lessor at lease commencement. A loss could have otherwise arisen even if the lease is expected to be profitable as the exclusion of these variable lease payments result in the recognition of a lower net investment in a lease relative to the carrying value of the underlying asset that is derecognized at the commencement of a direct financing or sales-type lease. Under the amended guidance, this uneconomic outcome is avoided because the classification as an operating lease does not result in a derecognition of the underlying asset by the lessor, and the recognition of variable lease payments earned and depreciation expense on the underlying asset will partially offset in earnings over time. The Company adopted the ASU on its effective date of January 1, 2022. At the time of adoption, the Company, as lessor, did not have any leases that would have been subject to this amendment. Acquired Contracts with Customers In October 2021, the FASB issued ASU No. 2021-8, Accounting for Contract Assets and Contract Liabilities From Contracts With Customers , which applies the principles of ASC 606, Revenue from Contracts with Customers , rather than a fair value basis under ASC 805, Business Combinations , in the recognition of contract assets and contract liabilities acquired in a business combination. The ASU addresses the following inconsistencies: (1) measurement of contract liability or deferred revenue at fair value that is typically lower than carrying value, reducing post-acquisition revenues; and (2) timing of contractual payments affecting the fair value of deferred revenue and the amount of post-acquisition revenue in otherwise similar contracts. Under the new guidance, an acquirer records a contract asset or contract liability as if it had originated the acquired revenue contract, which requires the acquirer to evaluate performance obligations, transaction price and relative stand-alone selling price at the original contract inception date or subsequent modification dates. This will generally result in the recognition and measurement of a contract asset and contract liability that will likely be more comparable to the books of the acquiree at acquisition date. In circumstances where an acquirer is unable to assess or rely on the acquiree's accounting under ASC 606, the ASU provides a practical expedient that allows an acquirer to determine the stand-alone selling price of each performance obligation in the contract as of acquisition date, instead of contract inception date, for purposes of allocating the transaction price. The amendments also apply to contract assets and contract liabilities from other contracts to which the provisions of ASC 606 apply, such as contracts within the scope of ASC 610-20, Other Income—Gains and Losses from Derecognition of Nonfinancial Assets, but the amendments do not affect the accounting for other assets or liabilities that may arise from acquired customer contracts such as refund liabilities that do not meet the definition of contract liabilities and continue to be recorded at fair value. The ASU is effective January 1, 2023 and is to be applied prospectively. Early adoption is permitted with retrospective application to all business combinations that occurred during the fiscal year of early adoption. The Company early adopted the ASU on January 1, 2022.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	3. Acquisitions Asset Acquisitions Vantage SDC Hyperscale Data Centers In connection with the Company's acquisition of Vantage Data Centers Holdings, LLC's ("Vantage") portfolio of stabilized hyperscale data centers (“Vantage SDC”) in July 2020, the Company had an option to purchase an additional data center in Santa Clara, California. In September 2021, the Company exercised the option and purchased the data center for $404.5 million in cash, funded through borrowings by Vantage SDC, with a deferred amount of $56.9 million to be paid upon future lease-up, and additional consideration contingent on lease-up of the remaining capacity. The Company and its co-investors also committed to acquire the future build-out of expansion capacity, along with lease-up of the expanded capacity and existing inventory, the costs of which are borne by the previous owners of Vantage SDC. As of March 31, 2022, the remaining consideration for the incremental lease-up acquisitions is estimated to be approximately $265 million. Most, if not all, of the cost of the expansion capacity has been or will be funded by Vantage SDC from borrowings under its credit facilities and/or cash from operations. Pursuant to this arrangement, Vantage SDC had 5 new tenant leases that commenced in the first quarter of 2022 and 11 new tenant leases that commenced in 2021 related to a portion of the expansion capacity, for aggregate consideration of $36.2 million and $100.8 million, respectively. All of these payments were made to the previous owners of Vantage SDC and are treated as asset acquisitions. Acquisitions by DataBank 2022 • In March 2022, the Company's subsidiary, DataBank, acquired four colocation data centers in Houston, Texas for $670 million. The acquisition was funded by a combination of $262.5 million of debt and $407.5 million of equity, of which the Company's share was $87.0 million. • In February 2022, DataBank acquired a data center in Denver that was previously leased by its zColo subsidiary for $17.6 million. 2021 • In February 2021, DataBank acquired five data centers in its zColo portfolio in France for $33.0 million. • In the third quarter of 2021, DataBank and its zColo subsidiary each acquired a building in the U.S. for a combined $38.5 million, to be redeveloped into data centers. Allocation of Consideration Transferred The following table summarizes the consideration and allocation to assets acquired, liabilities assumed and noncontrolling interests at acquisition. Consideration for asset acquisitions incorporates capitalized transaction costs, where applicable. Asset Acquisitions 2022 2021 (In thousands) Acquisitions by DataBank / zColo US Vantage SDC Expansion Capacity Vantage SDC Expansion Capacity and Add-On Acquisition Acquisitions by DataBank / zColo US zColo France Assets acquired and liabilities assumed Real estate $ 616,563 $ 30,736 $ 479,587 $ 38,500 $ 26,083 Intangible assets 77,885 5,485 82,603 — 8,702 Lease right-of-use ("ROU") and other assets 3,994 — — — 9,536 Intangible, lease and other liabilities (2,839) — (56,889) — (11,303) Fair value of net assets acquired $ 695,603 $ 36,221 $ 505,301 $ 38,500 $ 33,018 • Real estate was valued based upon (i) current replacement cost for buildings in an as-vacant state and improvements, estimated using construction cost guidelines; (ii) current replacement cost for data center infrastructure by applying an estimated cost per kilowatt based upon current capacity of each location and also considering the associated indirect costs such as design, engineering, construction and installation; (iii) recent comparable sales or current listings for land; and (iv) contracted price net of estimated selling costs for real estate held for disposition. Useful lives of real estate acquired range from 35 to 50 years for buildings and improvements, 15 to 20 years for site improvements, and 11 to 20 years for data center infrastructure. • Lease-related intangibles for real estate acquisitions were composed of the following: • In-place leases reflect the value of rental income forgone if the properties had been acquired vacant, and the leasing commissions, legal and marketing costs that would have been incurred to lease up the properties, with remaining lease terms ranging between 1 and 15 years. • Above- and below-market leases represent the rent differential for the remaining lease term between contractual rents of acquired leases and market rents at the time of acquisition, discounted at rates between 6.0% and 11.25% with remaining lease terms ranging between 1 and 4 years. • Tenant relationships represent the estimated net cash flows attributable to the likelihood of lease renewal by an existing tenant relative to the cost of obtaining a new lease, taking into consideration the estimated time it would require to execute a new lease or backfill a vacant space, discounted at rates between 5.5% and 11.5%, with estimated useful lives between 9 and 15 years. • Other assets acquired and liabilities assumed include lease ROU assets associated with leasehold data centers and corresponding lease liabilities. Lease liabilities were measured based upon the present value of future lease payments over the lease term, discounted at the incremental borrowing rate of the respective acquirees. Other liabilities in 2021 also included a deferred purchase consideration associated with the Vantage SDC add-on acquisition. Purchase Commitments Infrastructure Investment Management Platform In April 2022, the Company entered into a definitive agreement to acquire the global infrastructure equity investment management business of AMP Capital Investors International Holdings Limited ("AMP Capital"). Consideration for the acquisition consists of: (i) an upfront amount of A$458 million (approximately $327 million), subject to certain customary adjustments; and (ii) a contingent amount of up to A$180 million (approximately $129 million), primarily based upon future fundraising for AMP Capital's global infrastructure funds. The transaction is expected to close in the second half of 2022, subject to customary closing conditions, including regulatory approvals. Tower Assets In March 2022, the Company entered into a definitive agreement to acquire the mobile telecommunications tower business (“TowerCo”) of Telenet Group Holding NV (Euronext Brussels: TNET) for approximately €745 million (or approximately $820 million ) , to be funded through a combination of debt and equity, including a €458 million (approximately $504 million) equity commitment from the Company. The TowerCo investment is intended to be transferred to a new investment vehicle to be sponsored by the Company. The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions. There is no assurance that these transaction will close in the timeframe contemplated or on the terms anticipated, if at all.

Real Estate

Real Estate	3 Months Ended
	Mar. 31, 2022
Real Estate [Abstract]
Real Estate	4. Real Estate The following table summarizes the Company's real estate held for investment in the digital operating segment. (In thousands) March 31, 2022 December 31, 2021 Land $ 253,633 $ 206,588 Buildings and improvements 1,520,535 1,295,204 Data center infrastructure 4,213,917 3,785,561 Construction in progress 111,017 77,014 6,099,102 5,364,367 Less: Accumulated depreciation (471,030) (392,083) Real estate assets, net $ 5,628,072 $ 4,972,284 Real Estate Depreciation Depreciation of real estate held for investment was $79.1 million and $68.1 million for the three months ended March 31, 2022 and 2021, respectively. Property Operating Income Components of property operating income in the digital operating segment are as follows. Three Months Ended March 31, (In thousands) 2022 2021 Lease income: Fixed lease income $ 160,324 $ 150,429 Variable lease income 23,847 23,186 184,171 173,615 Data center service revenue 18,340 15,387 $ 202,511 $ 189,002 For the three months ended March 31, 2022 and 2021, property operating income from a single customer accounted for approximately 18.7% and 16.9%, respectively, of the Company's total revenues from continuing operations, or approximately 8.4% and 9.1%, respectively, of the Company's share of total revenues from continuing operations, net of amounts attributable to noncontrolling interests in investment entities.

Equity Investments

Equity Investments	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments	5. Equity Investments The Company's equity investments, excluding investments held for disposition (Note 11), are represented by the following: (In thousands) March 31, 2022 December 31, 2021 Equity method investments BRSP (1) $ 291,695 $ 284,985 Company-sponsored private funds (2) 358,468 382,694 Other 4,906 5,417 655,069 673,096 Other equity investments Marketable securities (Note 13) 197,715 201,912 Private funds and non-traded REIT 47,193 49,575 Other 40,624 10,570 $ 940,601 $ 935,153 __________ (1) At December 31, 2021, excluded approximately 461,000 shares and 3.1 million units in BRSP held by NRF Holdco that were included in assets held for disposition (Note 11). NRF Holdco was sold in February 2022. (2) Includes unrealized carried interest of $80.8 million at March 31, 2022 and $112.0 million at December 31, 2021 in connection with sponsored investment vehicles that are in the early stage of their lifecycle, of which a substantial portion is shared with certain employees. The Company's equity investments represent noncontrolling equity interests in various entities, primarily BRSP, interests in the Company's sponsored digital investment vehicles, and marketable securities held largely by private open-end liquid funds sponsored and consolidated by the Company. For equity method investments, the liabilities of the investment entities may only be settled using the assets of these entities and there is no recourse to the general credit of the Company for the obligations of these entities. The Company is not required to provide financial or other support in excess of its capital commitments, where applicable, and its exposure is limited to its investment balance. The Company evaluates its equity method investments for other-than-temporary impairment ("OTTI") at each reporting period. OTTI was recorded only on equity method investments held for disposition, as discussed in Note 11. BrightSpire Capital, Inc. (NYSE: BRSP) At March 31, 2022, the Company owned approximately 35.0 million shares in BRSP for a 26.4% interest in BRSP (29.0% at December 31, 2021, including BRSP shares and units held by NRF Holdco that were disposed in February 2022), accounted for under the equity method as it exercises significant influence over BRSP's operating and financial policies through its substantial ownership interest. In connection with the internalization of BRSP in April 2021, the Company had entered into a stockholders agreement with BRSP, pursuant to which the Company agreed, for so long as the Company owns at least 10% of BRSP's outstanding common shares, to vote in BRSP director elections as recommended by BRSP’s board of directors at any stockholders' meeting that occurs prior to BRSP's 2023 annual stockholders' meeting. In addition, the Company is subject to customary standstill restrictions, including an obligation not to initiate or make stockholder proposals, nominate directors or participate in proxy solicitations, until the beginning of the advance notice window for BRSP's 2023 annual meeting. Except as aforementioned, the Company may vote its shares in its sole discretion in any votes of BRSP’s stockholders and is prohibited from acquiring additional BRSP shares. Disposition —In August 2021, the Company sold 9,487,500 BRSP shares through a secondary offering by BRSP for net proceeds of approximately $81.8 million, after underwriting discounts. A net gain was recognized in equity method earnings within continuing operations of $7.6 million (including a proportion of basis difference associated with the BRSP shares disposed, as discussed below). OTTI —The Company determined there was no OTTI on its investment in BRSP at March 31, 2022 and in 2021 as the fair value of the Company's investment in BRSP, based upon BRSP's stock price, was in excess of its carrying value. Basis Difference —The impairment charges recorded by the Company on its investment in BRSP in 2020 and 2019 resulted in a basis difference between the Company's carrying value of its investment in BRSP (based upon BRSP's share price at the time of impairment) and the Company's proportionate share of BRSP's book value of equity at the time of impairment. The impairment charges were applied to the Company's investment in BRSP as a whole and were not determined based upon an impairment assessment of individual assets held by BRSP. Therefore, the impairment charges were generally allocated on a relative fair value basis across BRSP's various investments. Accordingly, for any subsequent resolutions or write-downs taken by BRSP on these investments, the Company's share thereof is not recorded as an equity method loss but is applied to reduce the basis difference until such time the basis difference in connection with the respective investments has been fully eliminated. Upon resolution of these investments by BRSP or upon the Company's disposition of its shares in BRSP, the basis difference related to resolved investments or the proportion of basis difference associated with the BRSP shares disposed is applied to calculate the Company's share of net gain or loss resulting from such resolution or disposition. The Company increased its share of net earnings from BRSP by $14.1 million and reduced its share of net losses from BRSP by $24.6 million for the three months ended March 31, 2022 and 2021 , respectively, representing the basis difference allocated to investments that were resolved or impaired by BRSP during these periods. The remaining basis difference at March 31, 2022 was $153.2 million. Investment and Lending Commitments Sponsored Funds At March 31, 2022, the Company had unfunded commitments of $91.2 million, predominantly to the Company's sponsored funds in its flagship digital opportunistic strategy, Digital Bridge Partners I, LP ("DBP I") and Digital Bridge Partners II, LP ("DBP II"). Loans Receivable DataBank— The Company's DataBank subsidiary has a lending commitment to a borrower, the funding of which is contingent on the borrower meeting certain criteria such as agreed upon benchmarks, financial and operating metrics and approved budgets. At March 31, 2022, the unfunded lending commitment was $24.7 million, of which the Company's share was $5.8 million, net of amounts attributable to noncontrolling interests in investment entities.

Goodwill, Deferred Leasing Cost

Goodwill, Deferred Leasing Costs and Other Intangibles	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Deferred Leasing Costs and Other Intangibles	6. Goodwill, Deferred Leasing Costs and Other Intangibles Goodwill Goodwill balance by reportable segment at both March 31, 2022 and December 31, 2021 is as follows. (In thousands) Digital Investment Management (1) $ 298,248 Digital Operating 463,120 Total goodwill $ 761,368 __________ (1) Remaining goodwill deductible for income tax purposes was $130.3 million at March 31, 2022 and $133.0 million at December 31, 2021. Deferred Leasing Costs, Other Intangible Assets and Intangible Liabilities Deferred leasing costs and identifiable intangible assets and liabilities, excluding those related to assets held for disposition, are as follows. March 31, 2022 December 31, 2021 (In thousands) Carrying Amount (Net of Impairment) (1) Accumulated Amortization (1) Net Carrying Amount (1) Carrying Amount (Net of Impairment) (1) Accumulated Amortization (1) Net Carrying Amount (1) Deferred Leasing Costs and Intangible Assets Deferred leasing costs and lease-related intangible assets (2) $ 1,233,164 $ (292,479) $ 940,685 $ 1,148,441 $ (256,987) $ 891,454 Investment management intangibles (3) 164,189 (66,490) 97,699 164,189 (61,435) 102,754 Customer relationships and service contracts (4) 218,164 (49,335) 168,829 218,064 (44,496) 173,568 Trade names 26,400 (12,364) 14,036 26,400 (11,266) 15,134 Other (5) 6,818 (2,580) 4,238 6,818 (2,101) 4,717 Total deferred leasing costs and intangible assets $ 1,648,735 $ (423,248) $ 1,225,487 $ 1,563,912 $ (376,285) $ 1,187,627 Intangible Liabilities Lease intangible liabilities (2) $ 46,610 $ (12,151) $ 34,459 $ 44,076 $ (10,775) $ 33,301 __________ (1) Amounts are presented net of impairments and write-offs. (2) Lease intangible assets are composed of in-place leases, above-market leases and tenant relationships. Lease-intangible liabilities are composed of below-market leases. (3) Composed of investment management contracts and investor relationships. (4) In connection with data center services provided in the colocation data center business. (5) Represents primarily the value of an acquired domain name and assembled workforce in an asset acquisition. Amortization of Intangible Assets and Liabilities The following table summarizes amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities: Three Months Ended March 31, (In thousands) 2022 2021 Net decrease to rental income (1) $ (131) $ (695) Amortization expense Deferred leasing costs and lease-related intangibles $ 33,707 $ 42,485 Investment management intangibles 5,055 6,114 Customer relationships and service contracts 4,914 9,837 Trade name 1,098 11,952 Other 477 464 $ 45,251 $ 70,852 __________ (1) Represents the net effect of amortizing above- and below-market leases. The following table presents the future amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities, excluding those related to assets and liabilities held for disposition. Year Ending December 31, (In thousands) Remaining 2022 2023 2024 2025 2026 2027 and thereafter Total Net increase (decrease) to rental income $ (259) $ (872) $ (1,538) $ (1,392) $ (1,310) $ 794 $ (4,577) Amortization expense 141,475 149,706 118,269 107,660 121,539 547,802 1,186,451

Restricted Cash, Other Assets a

Restricted Cash, Other Assets and Other Liabilities	3 Months Ended
	Mar. 31, 2022
Restricted Cash, Other Assets And Other Liabilities [Abstract]
Restricted Cash, Other Assets and Other Liabilities	7. Restricted Cash, Other Assets and Other Liabilities Restricted Cash Restricted cash represents principally cash reserves that are maintained pursuant to the governing agreements of the various securitized debt of the Company and its subsidiaries. Other Assets The following table summarizes the Company's other assets: (In thousands) March 31, 2022 December 31, 2021 Straight-line rents $ 29,214 $ 25,516 Investment deposits and pending deal costs 14,585 22,238 Prefunded capital expenditures for Vantage SDC 19,574 24,293 Derivative assets 5,176 944 Prepaid taxes and deferred tax assets, net 37,350 29,347 Receivables from resolution of investment 10,499 10,463 Operating lease right-of-use asset, net 344,583 349,509 Finance lease right-of-use asset, net 128,997 131,909 Accounts receivable, net (2) 94,294 83,878 Prepaid expenses 25,078 20,303 Other assets 18,764 24,835 Fixed assets, net (3) 18,062 17,160 Total other assets $ 746,176 $ 740,395 __________ (1) Deferred financing costs relate to revolving credit arrangements originated by the Company and its subsidiaries. The Company's corporate credit facility was terminated in July 2021. (2) Includes primarily receivables from tenants. (3) Net of accumulated depreciation of $20.5 million as of March 31, 2022 and $19.2 million as of December 31, 2021 . Accrued and Other Liabilities The following table summarizes the Company's accrued and other liabilities: (In thousands) March 31, 2022 December 31, 2021 Deferred income (1) $ 45,398 $ 37,143 Interest payable 15,522 14,870 Derivative liabilities 4,943 — Current and deferred income tax liability 2,534 2,016 Operating lease liability 334,943 342,510 Finance lease liability 141,032 142,777 Accrued compensation 48,269 64,100 Accrued carried interest and incentive fee compensation 42,710 67,258 Accrued real estate and other taxes 13,393 10,523 Payable for Vantage SDC expansion capacity (Note 3) 57,707 55,896 Accounts payable and accrued expenses 114,682 121,931 Other liabilities 75,120 69,018 Accrued and other liabilities $ 896,253 $ 928,042 __________ (1) Represents primarily prepaid rental income, upfront payment received for data center installation services, and deferred investment management fees. Deferred investment management fees of $4.5 million at March 31, 2022 and $6.0 million at December 31, 2021 are expected to be recognized as fee income over a weighted average period of 4.0 years and 3.2 years, respectively. Deferred investment management fees recognized as income of $2.4 million and $0.1 million in the three months ended March 31, 2022 and 2021, respectively, pertain to the deferred management fee balance at the beginning of each respective period. Deferred Income Tax As a result of the Company’s transition to a C-Corporation (as discussed in Note 1), a preliminary estimate of deferred tax asset of approximately $400 million was recognized in the first quarter of 2022 on the capital loss and NOL carryforwards as well as outside basis difference in the Company's investment in certain partnerships. As of March 31, 2022 , a full valuation allowance was established on the deferred tax asset due to uncertainties in future realization of the tax benefit in consideration of the Company’s history of cumulative operating losses. The Company will continue to assess the realizability of the deferred tax asset each reporting period as circumstances change. For the three months ended March 31, 2022, the net income tax benefit of $7.4 million reflects the tax effect of activities in the Company's TRS in the normal course of business.

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	8. Debt The Company's debt balance is composed of the following components, excluding debt related to assets held for disposition that is expected to be assumed by the counterparty upon disposition, which is included in liabilities related to assets held for disposition (Note 11). (In thousands) Securitized Financing Facility Convertible and Exchangeable Senior Notes Investment-Level Secured Debt Total Debt March 31, 2022 Debt at amortized cost Principal $ 300,000 $ 278,422 $ 4,609,175 $ 5,187,597 Premium (discount), net — (1,636) 15,900 14,264 Deferred financing costs (8,152) (1,020) (69,443) (78,615) $ 291,848 $ 275,766 $ 4,555,632 $ 5,123,246 December 31, 2021 Debt at amortized cost Principal $ 300,000 $ 338,739 $ 4,283,983 $ 4,922,722 Premium (discount), net — (3,091) 17,629 14,538 Deferred financing costs (8,606) (1,384) (66,868) (76,858) $ 291,394 $ 334,264 $ 4,234,744 $ 4,860,402 The following table summarizes certain key terms of the Company's debt. Fixed Rate Variable Rate Total ($ in thousands) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) March 31, 2022 Recourse Secured Fund Fee Revenue Notes (3) $ 300,000 3.93 % 4.5 $ — N/A N/A $ 300,000 3.93 % 4.5 Convertible and exchangeable senior notes 278,422 5.21 % 1.7 — N/A N/A 278,422 5.21 % 1.7 578,422 — 578,422 Non-recourse Investment-Level Secured Debt Digital Operating 3,644,908 2.44 % 3.8 833,767 5.04 % 2.9 4,478,675 2.92 % 3.7 Other — N/A N/A 130,500 2.07 % 1.4 130,500 2.07 % 1.4 3,644,908 964,267 4,609,175 $ 4,223,330 $ 964,267 $ 5,187,597 December 31, 2021 Recourse Secured Fund Fee Revenue Notes (3) $ 300,000 3.93 % 4.7 $ — N/A N/A $ 300,000 3.93 % 4.7 Convertible and exchangeable senior notes (4) 338,739 5.31 % 2.2 — N/A N/A 338,739 5.31 % 2.2 638,739 — 638,739 Non-recourse Investment-Level Secured Debt Digital Operating 3,646,466 2.44 % 4.1 571,017 5.74 % 4.0 4,217,483 2.88 % 4.1 Other — N/A N/A 66,500 1.31 % 1.6 66,500 1.31 % 1.6 3,646,466 637,517 4,283,983 $ 4,285,205 $ 637,517 $ 4,922,722 __________ (1) Calculated based upon outstanding debt principal at balance sheet date. For variable rate debt, weighted average interest rate is calculated based upon the applicable index plus spread at balance sheet date. (2) Calculated based upon anticipated repayment dates for notes issued under securitization financing; otherwise based upon initial maturity dates, or extended maturity dates if extension criteria are met for extensions that are at the Company's option. (3) Represent obligations of special-purpose subsidiaries of the OP as co-issuers and certain other special-purpose subsidiaries of DBRG, and secured by assets of these special-purpose subsidiaries, as further described below. DBRG and the OP are not guarantors to the debt. (4) Excludes the 5.375% exchangeable senior notes issued by NRF Holdco that were classified as held for disposition (Note 11) and subsequently assumed by the acquirer in February 2022. Securitized Financing Facility In July 2021, special-purpose subsidiaries of the OP (the "Co-Issuers") issued Series 2021-1 Secured Fund Fee Revenue Notes, composed of: (i) $300 million aggregate principal amount of 3.933% Secured Fund Fee Revenue Notes, Series 2021-1, Class A-2 (the “Class A-2 Notes”); and (ii) up to $300 million (after a $100 million increase in April 2022) Secured Fund Fee Revenue Variable Funding Notes, Series 2021-1, Class A-1 (the “VFN” and, together with the Class A-2 Notes, the “Series 2021-1 Notes”). The VFN allow the Co-Issuers to borrow on a revolving basis. The Series 2021-1 Notes were issued under an Indenture dated July 2021, as amended in April 2022, that allows the Co-Issuers to issue additional series of notes in the future, subject to certain conditions. The Series 2021-1 Notes had replaced the Company's previous corporate credit facility. The Series 2021-1 Notes represent obligations of the Co-Issuers and certain other special-purpose subsidiaries of DBRG, and neither DBRG, the OP nor any of its other subsidiaries are liable for the obligations of the Co-Issuers. The Series 2021-1 Notes are secured by investment management fees earned by subsidiaries of DBRG, equity interests in certain digital portfolio companies and limited partnership interests in certain digital funds managed by subsidiaries of DBRG, as collateral. The Class A-2 Notes bear interest at a rate of 3.933% per annum, payable quarterly. The VFN bear interest generally based upon 1-month Term Secured Overnight Financing Rate or SOFR (prior to April 2022, 3-month LIBOR) or an alternate benchmark as set forth in the purchase agreement of the VFN plus 3%. Unused amounts under the VFN facility is subject to a commitment fee of 0.5% per annum. The final maturity date of the Class A-2 Notes is in September 2051, with an anticipated repayment date in September 2026. The anticipated repayment date of the VFN is in September 2024, subject to two one-year extensions at the option of the Co-Issuers. If the Series 2021-1 Notes are not repaid or refinanced prior to their anticipated repayment date, or such date is not extended for the VFN, interest will accrue at a higher rate and the Series 2021-1 Notes will begin to amortize quarterly. The Series 2021-1 Notes may be optionally prepaid, in whole or in part, prior to their anticipated repayment dates. There is no prepayment penalty on the VFN. However, prepayment of the Class A-2 Notes will be subject to additional consideration based upon the difference between the present value of future payments of principal and interest and the outstanding principal of such Class A-2 Note that is being prepaid; or 1% of the outstanding principal of such Class A-2 Note that is being prepaid in connection with a disposition of collateral. The Indenture of the Series 2021-1 Notes contains various covenants, including financial covenants that require the maintenance of minimum thresholds for debt service coverage ratio and maximum loan-to-value ratio, as defined. As of the date of this filing, the Co-Issuers are in compliance with all of the financial covenants and the full $300 million under the VFN is available to be drawn. Convertible and Exchangeable Senior Notes Convertible and exchangeable senior notes (collectively, the senior notes) are composed of the following, each representing senior unsecured obligations of DigitalBridge Group, Inc. or a subsidiary as the respective issuers of the senior notes: Description Issuance Date Due Date Interest Rate (per annum) Conversion or Exchange Price (per share of common stock) Conversion or Exchange Ratio (in shares) (1) Conversion or Exchange Shares (in thousands) Earliest Redemption Date Outstanding Principal March 31, 2022 December 31, 2021 Issued by DigitalBridge Group, Inc. 5.00% Convertible Senior Notes April 2013 April 15, 2023 5.00 % $ 15.76 63.4700 12,694 April 22, 2020 $ 200,000 $ 200,000 Issued by DigitalBridge Operating Company, LLC 5.75% Exchangeable Senior Notes July 2020 July 15, 2025 5.750 % 2.30 434.7826 34,097 July 21, 2023 78,422 138,739 $ 278,422 $ 338,739 __________ (1) The conversion or exchange rate for the senior notes is subject to periodic adjustments to reflect certain carried-forward adjustments relating to common stock splits, reverse stock splits, common stock adjustments in connection with spin-offs and cumulative cash dividends paid on the Company's common stock since the issuances of the respective senior notes. The conversion or exchange ratios are presented in shares of common stock per $1,000 principal of each senior note. The senior notes mature on their respective due dates, unless earlier redeemed, repurchased, converted or exchanged, as applicable. The outstanding senior notes are convertible or exchangeable at any time by holders of such notes into shares of the Company’s common stock at the applicable conversion or exchange rate, which is subject to adjustment upon occurrence of certain events. To the extent certain trading conditions of the Company’s common stock are met, the senior notes are redeemable by the applicable issuer thereof in whole or in part for cash at any time on or after their respective earliest redemption dates at a redemption price equal to 100% of the principal amount of such senior notes being redeemed, plus accrued and unpaid interest (if any) up to, but excluding, the redemption date. In the event of certain change in control transactions, holders of the senior notes have the right to require the applicable issuer to purchase all or part of such holder's senior notes for cash in accordance with terms of the governing documents of the respective senior notes. Exchange of Senior Notes For Common Stock and Cash DBRG and the OP completed separate privately negotiated exchange transactions with certain noteholders of the 5.75% exchangeable notes, as follows: Principal of 5.75% Exchangeable Notes Exchanged Consideration for Exchange (In thousands) Class A Common Stock Issued Cash Paid March 2022 $ 60,317 25,557 $ 13,887 October and November 2021 161,261 73,365 — $ 221,578 98,922 $ 13,887 The March 2022 exchanges resulted in a debt extinguishment loss of $133.2 million, calculated as the excess of consideration paid over the carrying value of the notes exchanged, and recorded in other loss on the consolidated statement of operations. Consideration was measured at fair value based upon the closing price of the Company's class A common stock on the date of the respective exchanges, and cash paid, net of transaction costs. Unlike the exchange transactions in 2021, the March 2022 exchanges did not qualify for debt conversion accounting and were treated as a debt extinguishment as the Company issued less than the number of shares issuable under the original exchange ratio of 434.7826 shares per $1,000 of note principal exchanged. The exchange transactions in the fourth quarter of 2021 were treated as debt conversions that resulted in a debt conversion expense of $25.1 million, recorded as interest expense, as the original exchange ratio was adjusted to account for savings on avoided future interest payments otherwise due to the noteholders. The debt conversion expense represents the shares of the Company's class A common stock issued in excess of such shares issuable pursuant to the original exchange ratio, and measured at fair value based upon the closing price of the Company's class A common stock on the date of the respective exchanges. Investment-Level Secured Debt These are investment level financing that are non-recourse to the Company and secured by underlying commercial real estate or loans receivable. Digital Operating —In March 2021 and October 2021, DataBank raised $657.9 million and $332 million of 5-year securitized notes at blended fixed rates of 2.32% and 2.43% per annum, respectively. Proceeds from the March securitization were applied principally to refinance $514 million of outstanding debt, which meaningfully reduced DataBank's overall cost of debt and extended its debt maturities, while the October proceeds were used to repay borrowings on its credit facility and to finance future acquisitions. In November 2021, Vantage SDC issued $530 million of 5-year securitized notes at a blended fixed rate of 2.17% per annum. Proceeds were applied to replace its current bridge financing and fund capital expenditures on the September 2021 add-on acquisition as well as to fund payments for future build-out and lease-up of expansion capacity.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Stockholders' Equity	9. Stockholders' Equity The table below summarizes the share activities of the Company's preferred and common stock. Number of Shares (In thousands) Preferred Stock Class A Common Stock Class B Common Stock Shares outstanding at December 31, 2020 41,350 483,406 734 Shares issued upon redemption of OP Units — 5 — Equity awards issued, net of forfeitures — 4,839 — Shares canceled for tax withholding on vested equity awards — (1,147) — Shares outstanding at March 31, 2021 41,350 487,103 734 Shares outstanding at December 31, 2021 35,340 568,577 666 Exchange of notes for class A common stock — 25,557 — Shares issued upon redemption of OP Units — 1 — Equity awards issued, net of forfeitures — 4,992 — Shares canceled for tax withholding on vested equity awards — (1,647) — Shares outstanding at March 31, 2022 35,340 597,480 666 Preferred Stock In the event of a liquidation or dissolution of the Company, preferred stockholders have priority over common stockholders for payment of dividends and distribution of net assets. The table below summarizes the preferred stock issued and outstanding at March 31, 2022: Description Dividend Rate Per Annum Initial Issuance Date Shares Outstanding (in thousands) Par Value (in thousands) Liquidation Preference (in thousands) Earliest Redemption Date Series H 7.125 % April 2015 8,940 $ 89 $ 223,500 Currently redeemable Series I 7.15 % June 2017 13,800 138 345,000 June 5, 2022 Series J 7.125 % September 2017 12,600 126 315,000 September 22, 2022 35,340 $ 353 $ 883,500 All series of preferred stock are at parity with respect to dividends and distributions, including distributions upon liquidation, dissolution or winding up of the Company. Dividends on Series H, I and J of preferred stock are payable quarterly in arrears in January, April, July and October. Each series of preferred stock is redeemable on or after the earliest redemption date for that series at $25.00 per share plus accrued and unpaid dividends (whether or not declared) prorated to their redemption dates, exclusively at the Company’s option. The redemption period for each series of preferred stock is subject to the Company’s right under limited circumstances to redeem the preferred stock earlier in order to preserve its qualification as a REIT or upon the occurrence of a change of control (as defined in the articles supplementary relating to each series of preferred stock). Preferred stock generally does not have any voting rights, except if the Company fails to pay the preferred dividends for six or more quarterly periods (whether or not consecutive). Under such circumstances, the preferred stock will be entitled to vote, together as a single class with any other series of parity stock upon which like voting rights have been conferred and are exercisable, to elect two additional directors to the Company’s board of directors, until all unpaid dividends have been paid or declared and set aside for payment. In addition, certain changes to the terms of any series of preferred stock cannot be made without the affirmative vote of holders of at least two-thirds of the outstanding shares of each such series of preferred stock voting separately as a class for each series of preferred stock. Redemption of Preferred Stock The Company redeemed all of its outstanding 7.5% Series G preferred stock in August 2021 for $86.8 million using proceeds from its securitized financing facility and 2,560,000 shares of its 7.125% Series H preferred stock in November 2021 for approximately $64.4 million. The excess or deficit of the $25.00 per share liquidation preference over the carrying value of the preferred stock redeemed results in a decrease or increase to net income attributable to common stockholders, respectively. Common Stock Except with respect to voting rights, class A common stock and class B common stock have the same rights and privileges and rank equally, share ratably in dividends and distributions, and are identical in all respects as to all matters. Class A common stock has one vote per share and class B common stock has thirty-six and one-half votes per share. This gives the holders of class B common stock a right to vote that reflects the aggregate outstanding non-voting economic interest in the Company (in the form of OP Units) attributable to class B common stock holders and therefore, does not provide any disproportionate voting rights. Class B common stock was issued as consideration in the Company's acquisition in April 2015 of the investment management business and operations of its former manager, which was previously controlled by the Company's former Executive Chairman. Each share of class B common stock shall convert automatically into one share of class A common stock if the former Executive Chairman or his beneficiaries directly or indirectly transfer beneficial ownership of class B common stock or OP Units held by them, other than to certain qualified transferees, which generally includes affiliates and employees. In addition, each holder of class B common stock has the right, at the holder’s option, to convert all or a portion of such holder’s class B common stock into an equal number of shares of class A common stock. The Company suspended dividends on its class A common stock beginning with the second quarter of 2020. Payment of common dividends was previously subject to certain restrictions under the terms of the corporate credit facility, which was terminated in July 2021. The Company expects to reinstate quarterly common stock dividends beginning the third quarter of 2022, subject to approval of its Board of Directors. Dividend Reinvestment and Direct Stock Purchase Plan The Company's Dividend Reinvestment and Direct Stock Purchase Plan (the “DRIP Plan”) provides existing common stockholders and other investors the opportunity to purchase shares (or additional shares, as applicable) of the Company's class A common stock by reinvesting some or all of the cash dividends received on their shares of the Company's class A common stock or making optional cash purchases within specified parameters. The DRIP Plan involves the acquisition of the Company's class A common stock either in the open market, directly from the Company as newly issued common stock, or in privately negotiated transactions with third parties. To date, no shares of class A common stock have been acquired under the DRIP Plan in the form of new issuances in the last three years. Accumulated Other Comprehensive Income (Loss) The following tables present the changes in each component of AOCI attributable to stockholders and noncontrolling interests in investment entities, net of immaterial tax effect. AOCI attributable to noncontrolling interests in Operating Company is immaterial. Changes in Components of AOCI—Stockholders (In thousands) Company's Share in AOCI of Equity Method Investments Unrealized Gain (Loss) on AFS Debt Securities Unrealized Gain (Loss) on Cash Flow Hedges Foreign Currency Translation Gain (Loss) Unrealized Gain (Loss) on Net Investment Hedges Total AOCI at December 31, 2020 $ 17,718 $ 6,072 $ (233) $ 52,832 $ 45,734 $ 122,123 Other comprehensive income (loss) before reclassifications (2,438) (2,992) — (19,631) 3,761 (21,300) Amounts reclassified from AOCI — — 233 — — 233 AOCI at March 31, 2021 $ 15,280 $ 3,080 $ — $ 33,201 $ 49,495 $ 101,056 AOCI at December 31, 2021 $ 2,334 $ 5,861 $ — $ 26,502 $ 7,686 $ 42,383 Other comprehensive income (loss) before reclassifications 217 — — (3,131) 25 (2,889) Amounts reclassified from AOCI (200) (5,861) — (20,680) — (26,741) AOCI at March 31, 2022 $ 2,351 $ — $ — $ 2,691 $ 7,711 $ 12,753 Changes in Components of AOCI—Noncontrolling Interests in Investment Entities (In thousands) Unrealized Gain (Loss) on Cash Flow Hedges Foreign Currency Translation Gain (Loss) Unrealized Gain (Loss) on Net Investment Hedges Total AOCI at December 31, 2020 $ (1,030) $ 83,845 $ 15,099 $ 97,914 Other comprehensive loss before reclassifications — (37,686) — (37,686) Amounts reclassified from AOCI 1,030 — — 1,030 AOCI at March 31, 2021 $ — $ 46,159 $ 15,099 $ 61,258 AOCI at December 31, 2021 $ — $ 11,057 $ — $ 11,057 Other comprehensive loss before reclassifications — (2,184) — (2,184) Amounts reclassified from AOCI — (9,827) — (9,827) AOCI at March 31, 2022 $ — $ (954) $ — $ (954) Reclassifications out of AOCI—Stockholders Information about amounts reclassified out of AOCI attributable to stockholders by component is presented below. Such amounts are included in other gain (loss) in both continuing and discontinued operations on the statements of operations, as applicable, except for amounts related to equity method investments, which are included in equity method losses in discontinued operations. (In thousands) Three Months Ended March 31, Affected Line Item in the Component of AOCI reclassified into earnings 2022 2021 Relief of basis of AFS debt securities $ 5,861 $ — Other gain (loss), net Release of foreign currency cumulative translation adjustments 20,680 — Other gain (loss), net Realized loss on cash flow hedges — (233) Other gain (loss), net Release of equity in AOCI of equity method investments 200 — Equity method earnings (losses)

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests	10. Noncontrolling Interests Redeemable Noncontrolling Interests The following table presents the activity in redeemable noncontrolling interests in the Company's digital investment management business, as discussed below, and in open-end funds sponsored and consolidated by the Company. Three Months Ended March 31, (In thousands) 2022 2021 Redeemable noncontrolling interests Beginning balance $ 359,223 $ 305,278 Contributions 10,150 10,640 Distributions and redemptions (9,414) (2,445) Net income (loss) (11,220) 2,449 Adjustment to estimated redemption value 690,000 — Ending balance $ 1,038,739 $ 315,922 Redeemable Noncontrolling Interest in the Company's Digital Investment Management Business Strategic Investment in 2020 In July 2020, the Company formed a strategic partnership with affiliates of Wafra, Inc. (collectively, "Wafra"), a private investment firm and a global partner for alternative asset managers, in which Wafra made a minority investment in substantially all of the Company's Digital IM business. The investment entitles Wafra to participate in approximately 31.5% of the net management fees and carried interest generated by the Digital IM business. Pursuant to this strategic partnership, Wafra has assumed directly and also indirectly through a participation interest $124.9 million of the Company's commitments to DBP I, and has a $125.0 million commitment to DBP II that has been partially funded to-date. Wafra has also agreed to make commitments to the Company's future digital funds and investment vehicles on a pro rata basis with the Company based on Wafra's percentage interest in the Digital IM business, subject to certain caps. In addition, the Company issued Wafra five warrants to purchase up to an aggregate of 5% of the Company’s class A common stock (5% at the time of the transaction, on a fully-diluted, post-transaction basis). Each warrant entitles Wafra to purchase up to 5,352,000 shares of the Company's class A common stock, with staggered strike prices between $2.43 and $6.00 for each warrant, exercisable until July 17, 2026. No warrants have been exercised to-date. Wafra paid cash consideration of $253.6 million at closing in exchange for its investment in the Digital IM business and for the warrants. As previously agreed, Wafra paid additional consideration of $29.9 million in April 2021 based upon the Digital IM business having achieved a minimum run-rate of earnings before interest, tax, depreciation and amortization (as defined for the purpose of this computation) of $72.0 million as of December 31, 2020. The Compensation Committee of the Board of Directors had approved an allocation of 50% of the contingent consideration received from Wafra as additional bonus compensation to management, to be paid on behalf of certain employees to fund a portion of their share of capital contributions to the DBP funds as capital calls are made for these funds. Compensation expense is recognized over time based upon an estimated timeline for deployment of capital by the funds, which will correspond to the timing of capital calls to be funded by the Company on behalf of management. Under certain circumstances following such time as the Digital IM business comprises 90% or more of the Company's assets, the Company has agreed to use commercially reasonable efforts to facilitate the conversion of Wafra's interest into shares of the Company's class A common stock. Wafra has customary minority rights and certain other structural protections designed to protect its interests, including redemption rights with respect to its investment in the Digital IM business and its funded commitments in certain digital funds. Wafra's redemption rights will be triggered upon the occurrence of certain events, including key person or cause events under the governing documents of certain digital funds. Agreement to Redeem Strategic Investment in 2022 for Cash and Stock In April 2022, the Company entered into a definitive purchase and sale agreement ("PSA") with Wafra, pursuant to which: (a) the Company will acquire Wafra's 31.5% interest in the Digital IM business; (b) Wafra’s entitlement to carried interest in DBP II will be reduced from 12.6% to 7%; and (c) with certain limited exceptions, Wafra will sell or forgo its right to invest in, or receive carried interest from, future investment management products, but except as otherwise provided, retain its investment in and its allocation of carried interest from existing investment management products. Consideration for the redemption of Wafra's interest consists of: (i) upfront amount of $390 million in cash (subject to certain net cash and closing adjustments) and 57,741,599 shares of the Company's Class A common stock; and (ii) contingent amount between $90 million and up to $125 million based upon fee earning equity under management (as defined in the PSA) raised of at least $4 billion and up to at least $6 billion during the period from December 31, 2021 to December 31, 2023, payable in March 2023 and March 2024, with up to 50% payable in shares of the Company's Class A common stock at the Company's election. As a redemption was deemed to be probable, the carrying value of Wafra's redeemable noncontrolling interest was adjusted to fair value at March 31, 2022, measured based upon the estimated fair value of the total consideration expected to be paid, including both upfront and contingent amounts. This adjustment resulted in a reclassification of $690.0 million from additional paid-in capital to redeemable noncontrolling interests on the consolidated balance sheets. The PSA also provides for a net cash settlement upon exercise of the five warrants previously issued to Wafra, at election of either the Company or Wafra, if such exercise would result in Wafra beneficially owning in excess of 9.8% of the issued and outstanding shares of the Company's Class A common stock. In addition, the Chief Investment Officer of Wafra, Adel Alderbas, will serve as a senior advisor to the Company for a period of three years from the closing of this transaction. The transaction is expected to close in May 2022, subject to regulatory clearance and other customary closing conditions. There is no assurance that the transaction will close in the timeframe contemplated or on the terms anticipated, if at all. Noncontrolling Interests in Investment Entities In January 2022, a shareholder of DataBank sold its equity interest to the Company and an existing investor, resulting in an additional $32.0 million investment by the Company in DataBank. Following this transaction and additional equity funded by the shareholders of DataBank in connection with its data center acquisition in March 2022 (Note 3), the Company's interest in DataBank increased from 20% to 21.8%. Noncontrolling Interests in Operating Company Certain current and former employees of the Company directly or indirectly own interests in OP, presented as noncontrolling interests in the Operating Company. Noncontrolling interests in OP have the right to require OP to redeem part or all of such member’s OP Units for cash based on the market value of an equivalent number of shares of class A common stock at the time of redemption, or at the Company's election as managing member of OP, through issuance of shares of class A common stock (registered or unregistered) on a one-for-one basis. At the end of each period, noncontrolling interests in OP is adjusted to reflect their ownership percentage in OP at the end of the period, through a reallocation between controlling and noncontrolling interests in OP.

Assets and Related Liabilities

Assets and Related Liabilities Held For Disposition	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Assets and Related Liabilities Held For Disposition	11. Assets and Related Liabilities Held for Disposition Total assets and related liabilities held for disposition are summarized below, all of which relate to discontinued operations (Note 12). At March 31, 2022, these were composed predominantly of five remaining equity method investments excluded from the December 2021 OED sale. At December 31, 2021, they also included assets and liabilities held by NRF Holdco related primarily to the Wellness Infrastructure business, prior to its sale in February 2022. (In thousands) March 31, 2022 December 31, 2021 Assets Restricted cash $ — $ 65,022 Real estate, net — 3,079,416 Loans receivable — 55,878 Equity and debt investments 149,826 250,246 Deferred leasing costs and other intangible assets, net — 118,300 Other assets 1,481 100,720 Due from affiliates — 7,033 Total assets held for disposition $ 151,307 $ 3,676,615 Liabilities Debt, net (1) $ — $ 2,869,360 Lease intangibles and other liabilities 758 219,339 Total liabilities related to assets held for disposition $ 758 $ 3,088,699 __________ (1) Represents debt related to assets held for disposition that was assumed by the acquirer upon sale of the assets. Included the 5.375% exchangeable senior notes and junior subordinated debt (as described in Note 14) which were obligations of NRF Holdco as the issuer. Nonrecurring Fair Value of Assets Classified as Held for Disposition and Discontinued Operations The Company measures fair value of certain assets on a nonrecurring basis when events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. The Company initially measures assets classified as held for disposition at the lower of their carrying amounts or fair value less disposal costs. For bulk sale transactions, the unit of account is the disposal group, with any excess of the aggregate carrying value over estimated fair value less costs to sell allocated to the individual assets within the group. 2022 At March 31, 2022, there were no assets held for sale that were measured at fair value on a nonrecurring basis. Impairment loss of $23.8 million was recorded in the three months ended March 31, 2022 based upon the final carrying value of net assets of the Wellness Infrastructure business upon closing of the disposition of NRF Holdco in February 2022. 2021 At December 31, 2021, only real estate held for disposition that pertained to the Wellness Infrastructure business was carried at nonrecurring fair value, having been impaired $313.4 million during the year ended December 31, 2021 based upon the sales price for NRF Holdco. For the three months ended March 31, 2021, impairment was $15.2 million, primarily on Wellness Infrastructure real estate held for disposition prior to its classification as discontinued operations. Other assets that had been impaired during 2021 pertained to the OED and Other IM portfolio that were disposed in December 2021. Recurring Fair Value of Assets Classified as Held for Disposition and Discontinued Operations Equity Investments Carried at Net Asset Value ("NAV") —These are equity investments held for disposition that were valued based upon NAV, specifically interest in a private fund of $2.3 million at March 31, 2022, and additionally, including interest in a Company-sponsored non-traded REIT that was disposed in February 2022, totaling $31.2 million at December 31, 2021. Equity Method Investments under Fair Value Option —Equity method investments under fair value option of $76.7 million at March 31, 2022 and $79.3 million at December 31, 2021 were measured based upon indicative sales price, classified as Level 3 fair value. Loans Receivable under Fair Value Option —There were no loans held for disposition at March 31, 2022. At December 31, 2021, the loan held for disposition represents a component of the overall sales price for NRF Holdco, which was subsequently disposed in February 2022. Debt Securities —Prior to the sale of NRF Holdco in February 2022, the Company had investments in debt securities, composed of AFS N-Star CDO bonds, which were subordinate bonds retained by NRF Holdco from its sponsored collateralized debt obligations ("CDOs"), and CDO bonds originally issued by NRF Holdco that it subsequently repurchased at a discount, all of which were collateralized primarily by commercial real estate debt and securities. The balance of N-Star CDO bonds at December 31, 2021, classified as Level 3 fair value, is summarized as follows. Amortized Cost without Allowance for Credit Loss Allowance for Credit Loss Gross Cumulative Unrealized (in thousands) Gains Losses Fair Value December 31, 2021 $ 55,041 $ (24,882) $ 6,372 $ — $ 36,531 Prior to its sale, the fair value of N-Star CDO bonds represent a component of the overall sales price for the disposition of NRF Holdco. There was no provision for credit loss in 2022 prior to disposition but $0.2 million was recognized in 2021. Credit losses were determined based upon an analysis of the present value of contractual cash flows expected to be collected from the underlying collateral as compared to the amortized cost basis of the security. Level 3 Recurring Fair Values The following table presents changes in recurring Level 3 fair value assets held for disposition. Realized and unrealized gains (losses) are included in AOCI for AFS debt securities, other gain (loss) for loans receivable and equity method losses for equity method investments, all of which are presented in discontinued operations (Note 12). Fair Value Option (In thousands) AFS Debt Securities Held for Disposition Loans Held for Disposition Equity Method Investments Held for Disposition Fair value at December 31, 2020 $ 28,576 $ 1,258,539 $ 153,259 Purchases, drawdowns, contributions and accretion 10,283 3,631 (6,953) Paydowns, distributions and sales (691) (8,798) — Change in accrued interest and capitalization of paid-in-kind interest — 4,991 — Allowance for credit losses (194) — — Realized and unrealized losses in earnings, net — (199,082) (23,895) Other comprehensive loss (1) (3,309) (33,072) (4,707) Fair value at March 31, 2021 $ 34,665 $ 1,026,209 $ 117,704 Net unrealized gains (losses) on instruments held at March 31, 2021 In earnings $ (194) $ (199,082) $ (24,820) In other comprehensive loss $ (3,309) N/A N/A Fair value at December 31, 2021 $ 36,531 $ 55,878 $ 79,309 Purchases, drawdowns, contributions and accretion 195 — — Paydowns, distributions and sales (36,726) (54,490) (903) Change in accrued interest and capitalization of paid-in-kind interest — (1,013) — Realized and unrealized losses in earnings, net — (375) — Other comprehensive loss (1) — — (1,721) Fair value at March 31, 2022 $ — $ — $ 76,685 Net unrealized gains (losses) on instruments held at March 31, 2022 In earnings $ — $ — $ — In other comprehensive loss $ — N/A N/A __________ (1) Amounts recorded in OCI for loans receivable and equity method investments represent foreign currency translation differences on the Company's foreign subsidiaries that hold the respective foreign currency denominated investments. 12. Discontinued Operations Discontinued operations represent the following: • Wellness Infrastructure —operations of the Wellness Infrastructure business, along with other non-core assets held by NRF Holdco prior to the sale of 100% of the equity of NRF Holdco in February 2022. The non-core assets held by NRF Holdco were composed primarily of: (i) the Company's equity interest in and management of NorthStar Healthcare Income, Inc., debt securities collateralized largely by certain debt and preferred equity within the capital structure of the Wellness Infrastructure portfolio, limited partnership interests in private equity real estate funds; as well as (ii) the 5.375% exchangeable senior notes, trust preferred securities and corresponding junior subordinated debt, all of which were issued by NRF Holdco who acts as guarantor. The sales price for 100% of the equity of NRF Holdco was $281 million, composed of $126 million in cash and a $155 million unsecured promissory note (the "Seller Note"). In addition, NRF Holdco distributed approximately $35 million of cash to the Company prior to closing. The Seller Note, which is classified as held for investment, matures five years from closing of the sale, accruing paid-in-kind interest at 5.35% per annum. The sale included the acquirer's assumption of $2.57 billion of consolidated investment level debt on various healthcare portfolios in which the Company owned between 69.6% and 81.3%, and $293.7 million of debt at NRF Holdco. • Other —operations of substantially all of the Company's OED investments and Other IM business that were previously in the Other segment prior to sale of the Company's equity interests and subsequent deconsolidation of these subsidiaries in December 2021, for which the Company received cash consideration of $443.4 million, net of closing adjustments of $31.2 million. The OED investments and Other IM business are composed of various non-digital real estate, real estate-related equity and debt investments, general partner interests and management rights with respect to these assets, and underlying compensation and administrative costs for managing these assets. Also included in discontinued operations are the economics related to the management of BRSP prior to termination of its management contract, which had resulted in a one-time termination payment of $102.3 million in April 2021. • Hotel —operations of the Company's Hospitality segment and the THL Hotel Portfolio that was previously in the Other segment. In March 2021, the Company sold 100% of the equity in its hotel subsidiaries holding five of the six portfolios in the Hospitality segment, and the Company's 55.6% interest in the THL Hotel Portfolio which was deconsolidated upon sale. The remaining hotel portfolio that was in receivership was sold by the lender in September 2021. Income (loss) from discontinued operations is presented below. Three Months Ended March 31, (In thousands) 2022 2021 Revenues Property operating income $ 69,202 $ 229,489 Interest income 1,025 5,953 Fee income 4,910 20,198 Other income 5,144 11,137 Revenues from discontinued operations 80,281 266,777 Expenses Property operating expense 36,669 178,484 Interest expense 112,947 110,722 Transaction-related costs and investment expense 3,347 9,971 Depreciation and amortization 2,339 50,880 Impairment loss 23,802 123,760 Compensation and administrative expense 22,051 28,759 Expenses from discontinued operations 201,155 502,576 Other income (loss) Gain on sale of real estate — 45,750 Other loss, net (624) (200,043) Equity method earnings (losses) 11,988 (94,886) Loss from discontinued operations before income taxes (109,510) (484,978) Income tax benefit 2,112 3,718 Loss from discontinued operations (107,398) (481,260) Loss from discontinued operations attributable to: Noncontrolling interests in investment entities (6,175) (303,851) Noncontrolling interests in Operating Company (8,135) (16,908) Loss from discontinued operations attributable to DigitalBridge Group, Inc. $ (93,088) $ (160,501)

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	11. Assets and Related Liabilities Held for Disposition Total assets and related liabilities held for disposition are summarized below, all of which relate to discontinued operations (Note 12). At March 31, 2022, these were composed predominantly of five remaining equity method investments excluded from the December 2021 OED sale. At December 31, 2021, they also included assets and liabilities held by NRF Holdco related primarily to the Wellness Infrastructure business, prior to its sale in February 2022. (In thousands) March 31, 2022 December 31, 2021 Assets Restricted cash $ — $ 65,022 Real estate, net — 3,079,416 Loans receivable — 55,878 Equity and debt investments 149,826 250,246 Deferred leasing costs and other intangible assets, net — 118,300 Other assets 1,481 100,720 Due from affiliates — 7,033 Total assets held for disposition $ 151,307 $ 3,676,615 Liabilities Debt, net (1) $ — $ 2,869,360 Lease intangibles and other liabilities 758 219,339 Total liabilities related to assets held for disposition $ 758 $ 3,088,699 __________ (1) Represents debt related to assets held for disposition that was assumed by the acquirer upon sale of the assets. Included the 5.375% exchangeable senior notes and junior subordinated debt (as described in Note 14) which were obligations of NRF Holdco as the issuer. Nonrecurring Fair Value of Assets Classified as Held for Disposition and Discontinued Operations The Company measures fair value of certain assets on a nonrecurring basis when events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. The Company initially measures assets classified as held for disposition at the lower of their carrying amounts or fair value less disposal costs. For bulk sale transactions, the unit of account is the disposal group, with any excess of the aggregate carrying value over estimated fair value less costs to sell allocated to the individual assets within the group. 2022 At March 31, 2022, there were no assets held for sale that were measured at fair value on a nonrecurring basis. Impairment loss of $23.8 million was recorded in the three months ended March 31, 2022 based upon the final carrying value of net assets of the Wellness Infrastructure business upon closing of the disposition of NRF Holdco in February 2022. 2021 At December 31, 2021, only real estate held for disposition that pertained to the Wellness Infrastructure business was carried at nonrecurring fair value, having been impaired $313.4 million during the year ended December 31, 2021 based upon the sales price for NRF Holdco. For the three months ended March 31, 2021, impairment was $15.2 million, primarily on Wellness Infrastructure real estate held for disposition prior to its classification as discontinued operations. Other assets that had been impaired during 2021 pertained to the OED and Other IM portfolio that were disposed in December 2021. Recurring Fair Value of Assets Classified as Held for Disposition and Discontinued Operations Equity Investments Carried at Net Asset Value ("NAV") —These are equity investments held for disposition that were valued based upon NAV, specifically interest in a private fund of $2.3 million at March 31, 2022, and additionally, including interest in a Company-sponsored non-traded REIT that was disposed in February 2022, totaling $31.2 million at December 31, 2021. Equity Method Investments under Fair Value Option —Equity method investments under fair value option of $76.7 million at March 31, 2022 and $79.3 million at December 31, 2021 were measured based upon indicative sales price, classified as Level 3 fair value. Loans Receivable under Fair Value Option —There were no loans held for disposition at March 31, 2022. At December 31, 2021, the loan held for disposition represents a component of the overall sales price for NRF Holdco, which was subsequently disposed in February 2022. Debt Securities —Prior to the sale of NRF Holdco in February 2022, the Company had investments in debt securities, composed of AFS N-Star CDO bonds, which were subordinate bonds retained by NRF Holdco from its sponsored collateralized debt obligations ("CDOs"), and CDO bonds originally issued by NRF Holdco that it subsequently repurchased at a discount, all of which were collateralized primarily by commercial real estate debt and securities. The balance of N-Star CDO bonds at December 31, 2021, classified as Level 3 fair value, is summarized as follows. Amortized Cost without Allowance for Credit Loss Allowance for Credit Loss Gross Cumulative Unrealized (in thousands) Gains Losses Fair Value December 31, 2021 $ 55,041 $ (24,882) $ 6,372 $ — $ 36,531 Prior to its sale, the fair value of N-Star CDO bonds represent a component of the overall sales price for the disposition of NRF Holdco. There was no provision for credit loss in 2022 prior to disposition but $0.2 million was recognized in 2021. Credit losses were determined based upon an analysis of the present value of contractual cash flows expected to be collected from the underlying collateral as compared to the amortized cost basis of the security. Level 3 Recurring Fair Values The following table presents changes in recurring Level 3 fair value assets held for disposition. Realized and unrealized gains (losses) are included in AOCI for AFS debt securities, other gain (loss) for loans receivable and equity method losses for equity method investments, all of which are presented in discontinued operations (Note 12). Fair Value Option (In thousands) AFS Debt Securities Held for Disposition Loans Held for Disposition Equity Method Investments Held for Disposition Fair value at December 31, 2020 $ 28,576 $ 1,258,539 $ 153,259 Purchases, drawdowns, contributions and accretion 10,283 3,631 (6,953) Paydowns, distributions and sales (691) (8,798) — Change in accrued interest and capitalization of paid-in-kind interest — 4,991 — Allowance for credit losses (194) — — Realized and unrealized losses in earnings, net — (199,082) (23,895) Other comprehensive loss (1) (3,309) (33,072) (4,707) Fair value at March 31, 2021 $ 34,665 $ 1,026,209 $ 117,704 Net unrealized gains (losses) on instruments held at March 31, 2021 In earnings $ (194) $ (199,082) $ (24,820) In other comprehensive loss $ (3,309) N/A N/A Fair value at December 31, 2021 $ 36,531 $ 55,878 $ 79,309 Purchases, drawdowns, contributions and accretion 195 — — Paydowns, distributions and sales (36,726) (54,490) (903) Change in accrued interest and capitalization of paid-in-kind interest — (1,013) — Realized and unrealized losses in earnings, net — (375) — Other comprehensive loss (1) — — (1,721) Fair value at March 31, 2022 $ — $ — $ 76,685 Net unrealized gains (losses) on instruments held at March 31, 2022 In earnings $ — $ — $ — In other comprehensive loss $ — N/A N/A __________ (1) Amounts recorded in OCI for loans receivable and equity method investments represent foreign currency translation differences on the Company's foreign subsidiaries that hold the respective foreign currency denominated investments. 12. Discontinued Operations Discontinued operations represent the following: • Wellness Infrastructure —operations of the Wellness Infrastructure business, along with other non-core assets held by NRF Holdco prior to the sale of 100% of the equity of NRF Holdco in February 2022. The non-core assets held by NRF Holdco were composed primarily of: (i) the Company's equity interest in and management of NorthStar Healthcare Income, Inc., debt securities collateralized largely by certain debt and preferred equity within the capital structure of the Wellness Infrastructure portfolio, limited partnership interests in private equity real estate funds; as well as (ii) the 5.375% exchangeable senior notes, trust preferred securities and corresponding junior subordinated debt, all of which were issued by NRF Holdco who acts as guarantor. The sales price for 100% of the equity of NRF Holdco was $281 million, composed of $126 million in cash and a $155 million unsecured promissory note (the "Seller Note"). In addition, NRF Holdco distributed approximately $35 million of cash to the Company prior to closing. The Seller Note, which is classified as held for investment, matures five years from closing of the sale, accruing paid-in-kind interest at 5.35% per annum. The sale included the acquirer's assumption of $2.57 billion of consolidated investment level debt on various healthcare portfolios in which the Company owned between 69.6% and 81.3%, and $293.7 million of debt at NRF Holdco. • Other —operations of substantially all of the Company's OED investments and Other IM business that were previously in the Other segment prior to sale of the Company's equity interests and subsequent deconsolidation of these subsidiaries in December 2021, for which the Company received cash consideration of $443.4 million, net of closing adjustments of $31.2 million. The OED investments and Other IM business are composed of various non-digital real estate, real estate-related equity and debt investments, general partner interests and management rights with respect to these assets, and underlying compensation and administrative costs for managing these assets. Also included in discontinued operations are the economics related to the management of BRSP prior to termination of its management contract, which had resulted in a one-time termination payment of $102.3 million in April 2021. • Hotel —operations of the Company's Hospitality segment and the THL Hotel Portfolio that was previously in the Other segment. In March 2021, the Company sold 100% of the equity in its hotel subsidiaries holding five of the six portfolios in the Hospitality segment, and the Company's 55.6% interest in the THL Hotel Portfolio which was deconsolidated upon sale. The remaining hotel portfolio that was in receivership was sold by the lender in September 2021. Income (loss) from discontinued operations is presented below. Three Months Ended March 31, (In thousands) 2022 2021 Revenues Property operating income $ 69,202 $ 229,489 Interest income 1,025 5,953 Fee income 4,910 20,198 Other income 5,144 11,137 Revenues from discontinued operations 80,281 266,777 Expenses Property operating expense 36,669 178,484 Interest expense 112,947 110,722 Transaction-related costs and investment expense 3,347 9,971 Depreciation and amortization 2,339 50,880 Impairment loss 23,802 123,760 Compensation and administrative expense 22,051 28,759 Expenses from discontinued operations 201,155 502,576 Other income (loss) Gain on sale of real estate — 45,750 Other loss, net (624) (200,043) Equity method earnings (losses) 11,988 (94,886) Loss from discontinued operations before income taxes (109,510) (484,978) Income tax benefit 2,112 3,718 Loss from discontinued operations (107,398) (481,260) Loss from discontinued operations attributable to: Noncontrolling interests in investment entities (6,175) (303,851) Noncontrolling interests in Operating Company (8,135) (16,908) Loss from discontinued operations attributable to DigitalBridge Group, Inc. $ (93,088) $ (160,501)

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value	13. Fair Value Recurring Fair Values Financial assets and financial liabilities carried at fair value on a recurring basis include financial instruments for which the fair value option was elected, but exclude financial assets under the NAV practical expedient. Fair value is categorized into a three tier hierarchy that is prioritized based upon the level of transparency in inputs used in the valuation techniques, as follows. Level 1 —Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in non-active markets, or valuation techniques utilizing inputs that are derived principally from or corroborated by observable data directly or indirectly for substantially the full term of the financial instrument. Level 3 —At least one assumption or input is unobservable and it is significant to the fair value measurement, requiring significant management judgment or estimate. Marketable Equity Securities Marketable equity securities of $197.7 million at March 31, 2022 and $201.9 million at December 31, 2021 (Note 5) consist of publicly traded equity securities held largely by private open-end funds sponsored and consolidated by the Company. The equity securities of the consolidated funds comprise listed stocks primarily in the U.S. and to a lesser extent, in Europe, and predominantly in the technology, media and telecommunications sectors. These marketable equity securities are valued based upon listed prices in active markets and classified as Level 1 of the fair value hierarchy. Derivatives The Company's derivative instruments generally consist of: (i) foreign currency put options, forward contracts and costless collars to hedge the foreign currency exposure of certain foreign-denominated investments or investments in foreign subsidiaries (in GBP and EUR), with notional amounts and termination dates based upon the anticipated return of capital from these investments; and (ii) interest rate caps to limit the exposure to changes in interest rates on various floating rate debt obligations (indexed to LIBOR and GBP LIBOR at December 31, 2021). These derivative contracts may be designated as qualifying hedge accounting relationships, specifically as net investment hedges and cash flow hedges, respectively. Fair values were $5.2 million at March 31, 2022 and $0.9 million at December 31, 2021 for derivative assets, included in other assets, and $4.9 million at March 31, 2022 for derivative liabilities, included in other liabilities. The Company did not have any derivatives in a liability position at December 31, 2021. All derivative positions were non-designated economic hedges. Derivative notional amounts aggregated to the equivalent of $1.2 billion at March 31, 2022 and $182.3 million at December 31, 2021 for foreign exchange contracts, and $2.0 billion at December 31, 2021 for interest rate contracts. There were no interest rate contracts at March 31, 2022. The derivative instruments are subject to master netting arrangements with counterparties that allow the Company to offset the settlement of derivative assets and liabilities in the same currency by instrument type or, in the event of default by the counterparty, to offset all derivative assets and liabilities with the same counterparty. Notwithstanding the conditions for right of offset may have been met, the Company presents derivative assets and liabilities with the same counterparty on a gross basis on the consolidated balance sheets. Realized and unrealized gains and losses on derivative instruments are recorded in other gain (loss) on the consolidated statement of operations, other than interest expense, as follows: Three Months Ended March 31, (In thousands) 2022 2021 Foreign currency contracts: Non-designated contracts Realized and unrealized gain (loss) in earnings $ 1,510 $ (245) Interest rate contracts: Designated contracts Interest expense (1) — 20 Realized loss transferred from AOCI to earnings — (1,292) Non-designated contracts Realized and unrealized gain (loss) in earnings 61 (16) __________ (1) Represents amortization of the cost of designated interest rate caps to interest expense based upon expected hedged interest payments on variable rate debt. The Company's foreign currency and interest rate contracts are generally traded over-the-counter, and are valued using a third-party service provider. Quotations on over-the-counter derivatives are not adjusted and are generally valued using observable inputs such as contractual cash flows, yield curve, foreign currency rates and credit spreads, and are classified as Level 2 of the fair value hierarchy. Although credit valuation adjustments, such as the risk of default, rely on Level 3 inputs, these inputs are not significant to the overall valuation of the derivatives. As a result, derivative valuations in their entirety are classified as Level 2 of the fair value hierarchy. Settlement Liability In March 2020, the Company entered into a cooperation agreement with Blackwells Capital LLC ("Blackwells"), a stockholder of the Company. Pursuant to the cooperation agreement, Blackwells agreed to a standstill in its proxy contest with the Company, and to abide by certain voting commitments, including a standstill with respect to the Company until the expiration of the agreement in March 2030 and voting in favor of the Board of Directors' recommendations until the third anniversary of the agreement. Contemporaneously, the Company and Blackwells entered into a joint venture arrangement for the purpose of acquiring, holding and disposing of the Company's class A common stock. Pursuant to the arrangement, the Company contributed its class A common stock, valued at $14.7 million by the venture, and Blackwells contributed $1.47 million of cash that was then distributed to the Company, resulting in a net capital contribution of $13.23 million by the Company in the venture. All of the class A common stock held in the venture was repurchased by the Company in March 2020 (Note 9). Distributions from the joint venture arrangement upon dissolution effectively represent a settlement of the proxy contest with Blackwells. The initial fair value of the arrangement was recorded as a settlement loss on the statement of operations in March 2020, with a corresponding liability on the balance sheet, subject to remeasurement at each period end. The settlement liability represents the fair value of the disproportionate allocation of profits distribution to Blackwells pursuant to the joint venture arrangement. The profits are derived from dividend payments and appreciation in value of the Company's class A common stock, allocated between the Company and Blackwells based upon specified return hurdles. In June 2021, Blackwells terminated the arrangement and the joint venture was dissolved. The profits distribution allocated to Blackwells was valued at $47.0 million and paid in the form of 5.95 million shares of the Company's class A common stock, with $22.8 million recognized in 2021 through termination as other loss on the consolidated statement of operations. Fair Value Option The following discussion excludes loans receivable and equity method investments held for disposition which are addressed in Note 11. Loans Receivable Loans receivable held for investment are carried at fair value under the fair value option, consisting of corporate loans to borrowers in the digital infrastructure and telecommunications sector, and are predominantly warehoused for a future digital credit investment vehicle and securitization vehicles. At March 31, 2022, fair value of loans held for investment totaled $504.7 million ($173.9 million at December 31, 2021), with $176.8 million classified as Level 2 ($91.0 million at December 31, 2021) and $328.0 million classified as Level 3 ($82.9 million at December 31, 2021). Level 2 loans held for investment represent bank syndicated loans for which fair value was obtained from a reputable pricing service and was based upon quotations from dealers who act as market makers for these loans. Fair value of Level 3 loans held for investment were determined based upon discounted cash flow projections of principal and interest expected to be collected, which include, but are not limited to, consideration of the financial standing and operating results of the borrower, and applying discount rates ranging between 5.5% to 10.0% at March 31, 2022 and 8.9% to 10.0% at December 31, 2021. There were no loans that were 90 days or more past due as to principal or interest at March 31, 2022 and December 31, 2021. As of March 31, 2022, one loan with fair value of $4.7 million and unpaid principal balance of $5.4 million has been placed on nonaccrual. Equity Method Investments At March 31, 2022 and December 31, 2021, there were no equity method investments under the fair value option other than investments held for disposition (Note 11). One equity method investment that was under the fair value option was accounted for as a marketable equity security beginning May 2021 following a merger of the investee into a special purpose acquisition company. The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss) for loans receivable and equity method earnings (losses) for equity method investments. Fair Value Option (In thousands) Loans Held for Investment Equity Method Investments Fair value at December 31, 2020 $ 36,798 $ 28,540 Change in accrued interest and capitalization of paid-in-kind interest (245) — Realized and unrealized gain in earnings, net 270 8,260 Fair value at March 31, 2021 $ 36,823 $ 36,800 Net unrealized gains (losses) in earnings on instruments held at March 31, 2021 $ — $ 8,260 Fair value at December 31, 2021 $ 82,930 $ — Purchases, originations, drawdowns and contributions 360,990 — Paydowns, distributions and sales (112,500) — Change in accrued interest and capitalization of paid-in-kind interest (650) — Realized and unrealized loss in earnings, net (2,815) — Fair value at March 31, 2022 $ 327,955 $ — Net unrealized loss in earnings on instruments held at March 31, 2022 $ (2,815) $ — Investment Carried at Fair Value Using Net Asset Value The Company has an investment in a non-traded healthcare REIT of $45.2 million at March 31, 2022 and $44.6 million at December 31, 2021. The investment is valued based upon NAV beginning October 2021 when the investee, a healthcare real estate investor/manager, was acquired in conjunction with a merger of its co-sponsored non-traded REITs. The transaction diluted the Company's equity interest in the investee, which was previously accounted for as an equity method investment. Redemption of the Company's partnership interest in the non-traded healthcare REIT is restricted until the earliest of (1) the second anniversary of the issuance to the Company of such partnership units, (2) change in control of the general partner, and (3) initial public offering of the equity of the non-traded healthcare REIT, which may be subject to further restriction on redemption by the underwriters. Nonrecurring Fair Values The Company measures fair value of certain assets on a nonrecurring basis when events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Adjustments to fair value generally result from the application of lower of amortized cost or fair value accounting for assets held for disposition or otherwise, write-down of asset values due to impairment. Impairment is discussed in Note 11 for real estate, Notes 5 and 11 for equity method investments, and Note 11 for intangible assets. Fair Value of Financial Instruments Reported at Cost Fair value of financial instruments reported at amortized cost, excluding those held for disposition, are presented below. Fair Value Measurements Carrying Value (In thousands) Level 1 Level 2 Level 3 Total March 31, 2022 Liabilities Debt at amortized cost Secured fund fee revenue notes $ — $ 285,001 $ — $ 285,001 $ 291,848 Convertible and exchangeable senior notes 457,991 — — 457,991 275,766 Investment-level secured debt — 3,422,265 966,890 4,389,155 4,555,632 December 31, 2021 Liabilities Debt at amortized cost Secured fund fee revenue notes $ — $ — $ 291,394 $ 291,394 $ 291,394 Convertible and exchangeable senior notes 716,970 — — 716,970 334,264 Investment-level secured debt — 3,598,655 655,270 4,253,925 4,234,744 Debt —Senior notes were valued using the last trade price in active markets. Fair value of investment-level debt were estimated by either discounting expected future cash outlays at interest rates available to the respective borrower subsidiaries for similar instruments or for securitized debt, based upon indicative bond prices quoted by brokers in the secondary market. Fair value of the secured fund fee revenue notes approximated its carrying value.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	14. Variable Interest Entities A VIE is an entity that lacks sufficient equity to finance its activities without additional subordinated financial support from other parties, or whose equity holders lack the characteristics of a controlling financial interest. The following discusses the Company's involvement with VIEs where the Company is the primary beneficiary and consolidates the VIEs or where the Company is not the primary beneficiary and does not consolidate the VIEs. Operating Subsidiary The Company's operating subsidiary, OP, is a limited liability company that has governing provisions that are the functional equivalent of a limited partnership. The Company holds the majority of membership interest in OP, acts as the managing member of OP and exercises full responsibility, discretion and control over the day-to-day management of OP. The noncontrolling interests in OP do not have substantive liquidation rights, substantive kick-out rights without cause, or substantive participating rights that could be exercised by a simple majority of noncontrolling interest members (including by such a member unilaterally). The absence of such rights, which represent voting rights in a limited partnership equivalent structure, would render OP to be a VIE. The Company, as managing member, has the power to direct the core activities of OP that most significantly affect OP's performance, and through its majority interest in OP, has both the right to receive benefits from and the obligation to absorb losses of OP. Accordingly, the Company is the primary beneficiary of OP and consolidates OP. As the Company conducts its business and holds its assets and liabilities through OP, the total assets and liabilities of OP represent substantially all of the total consolidated assets and liabilities of the Company. Company-Sponsored Private Funds The Company sponsors private funds and other investment vehicles as general partner for the purpose of providing investment management services in exchange for management fees and carried interest. These private funds are established as limited partnerships or equivalent structures. Limited partners of the private funds do not have either substantive liquidation rights, or substantive kick-out rights without cause, or substantive participating rights that could be exercised by a simple majority of limited partners or by a single limited partner. Accordingly, the absence of such rights, which represent voting rights in a limited partnership, results in the private funds being considered VIEs. The nature of the Company's involvement with its sponsored funds comprise fee arrangements and general partner and limited partner equity interests. The fee arrangements are commensurate with the level of management services provided by the Company, and contain terms and conditions that are customary to similar at-market fee arrangements. Consolidated Company-Sponsored Private Funds —The Company currently consolidates sponsored private funds in which it has more than an insignificant equity interest in the fund as general partner. As a result, the Company is considered to be acting in the capacity of a principal of the sponsored private fund and is therefore the primary beneficiary of the fund. The Company’s exposure is limited to the value of its outstanding investment in the consolidated private funds of $51.0 million at March 31, 2022 and $53.1 million at December 31, 2021. The Company, as general partner, is not obligated to provide any financial support to the consolidated private funds. At March 31, 2022 and December 31, 2021, the consolidated private funds had total assets of $238.5 million and $230.6 million, respectively, and total liabilities of $71.7 million and $63.0 million, respectively, made up primarily of cash, marketable equity securities and unsettled trades. Unconsolidated Company-Sponsored Private Funds —The Company does not consolidate its sponsored private funds where it has insignificant direct equity interests or capital commitments to these funds as general partner. The Company may invest alongside certain of its sponsored private funds through joint ventures between the Company and these funds, or the Company may have capital commitments to its sponsored private funds that are satisfied directly through the co-investment joint ventures as an affiliate of the general partner. In these instances, the co-investment joint ventures are consolidated by the Company. As the Company's direct equity interests in its sponsored private funds as general partner absorb insignificant variability, the Company is considered to be acting in the capacity of an agent of these funds and is therefore not the primary beneficiary of these funds. The Company accounts for its equity interests in unconsolidated sponsored private funds under the equity method. The Company's maximum exposure to loss is limited to the carrying value of its investment in the unconsolidated sponsored private funds, totaling $362.4 million at March 31, 2022 and $382.7 million at December 31, 2021, included in equity investments, and $46.0 million at March 31, 2022 and $45.4 million at December 31, 2021, included within assets held for disposition. Securitizations The Company previously securitized loans receivable and CRE debt securities using VIEs. Upon securitization, the Company had retained beneficial interests in the securitization vehicles, usually in the form of equity tranches or subordinate securities. The Company also previously acquired securities issued by securitization trusts that are VIEs. The securitization vehicles were structured as pass-through entities that receive principal and interest on the underlying mortgage loans and debt securities and distribute those payments to the holders of the notes, certificates or bonds issued by the securitization vehicles. The loans and debt securities were transferred into securitization vehicles such that these assets were restricted and legally isolated from the creditors of the Company, and therefore were not available to satisfy the Company's obligations but only the obligations of the securitization vehicles. The obligations of the securitization vehicles did not have any recourse to the general credit of the Company and its other subsidiaries. Unconsolidated Securitizations —The Company did not consolidate the assets and liabilities of CDOs in which the Company had an interest but did not retain the collateral management function. Prior to a disposition in February 2022 of all the unconsolidated CDOs, comprising CDO bonds held by NRF Holdco (Note 13), the Company’s exposure to loss was limited to its investment in these CDOs, which aggregated to $30.2 million at December 31, 2021, previously presented as debt securities within assets held for disposition (Note 11). Trusts Prior to the sale of NRF Holdco in February 2022, wholly-owned subsidiaries of NRF Holdco that were formed as statutory trusts, NorthStar Realty Finance Trust I through VIII (the “Trusts”), previously issued trust preferred securities ("TruPS") in private placement offerings and used the proceeds to purchase junior subordinated notes to evidence loans made to NRF Holdco. The sole assets of the Trusts consisted of a like amount of junior subordinated notes issued by the Issuer at the time of the offerings (the "Junior Notes"). Neither the Company nor the OP was an obligor or guarantor on the Junior Notes or the TruPS.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings per Share	15. Earnings per Share The following table provides the basic and diluted earnings per common share computations: Three Months Ended March 31, (In thousands, except per share data) 2022 2021 Net loss allocated to common stockholders Loss from continuing operations $ (236,286) $ (146,339) Loss from continuing operations attributable to noncontrolling interests 82,817 60,550 Loss from continuing operations attributable to DigitalBridge Group, Inc. $ (153,469) $ (85,789) Loss from discontinued operations attributable to DigitalBridge Group, Inc. (93,088) (160,501) Preferred dividends (15,759) (18,516) Net loss attributable to common stockholders (262,316) (264,806) Net income allocated to participating securities — — Net loss allocated to common stockholders—basic (262,316) (264,806) Interest expense attributable to convertible and exchangeable notes (1) — — Net loss allocated to common stockholders—diluted $ (262,316) $ (264,806) Weighted average common shares outstanding Weighted average number of common shares outstanding—basic 569,940 474,899 Weighted average effect of dilutive shares (1)(2)(3) — — Weighted average number of common shares outstanding—diluted 569,940 474,899 Loss per share—basic Loss from continuing operations $ (0.30) $ (0.22) Loss from discontinued operations (0.16) (0.34) Net loss attributable to common stockholders per common share—basic $ (0.46) $ (0.56) Loss per share—diluted Loss from continuing operations $ (0.30) $ (0.22) Loss from discontinued operations (0.16) (0.34) Net loss attributable to common stockholders per common share—diluted $ (0.46) $ (0.56) __________ (1) With respect to the assumed conversion or exchange of the Company's outstanding senior notes, the following are excluded from the calculation of diluted earnings per share as their inclusion would be antidilutive: (a) for the three months ended March 31, 2022 and 2021, the effect of adding back $138.0 million of debt extinguishment loss (Note 8) and interest expense and $7.7 million of interest expense, respectively, and 66,323,000 and 144,576,000 of weighted average dilutive common share equivalents, respectively. (2) The calculation of diluted earnings per share excludes the effect of the following as their inclusion would be antidilutive: (a) class A common shares that are contingently issuable in relation to performance stock units (Note 17) with weighted average shares of 8,657,000 and 10,395,900 for the three months ended March 31, 2022 and 2021, respectively; and (b) class A common shares that are issuable to net settle the exercise of warrants (Note 10) with weighted average shares of 11,751,000 and 7,680,900 for the three months ended March 31, 2022 and 2021, respectively. (3) OP Units may be redeemed for registered or unregistered class A common stock on a one-for-one basis and are not dilutive. At March 31, 2022 and 2021, 50,915,500 and 51,532,800 of OP Units, respectively, were not included in the computation of diluted earnings per share in the respective periods presented.

Fee Income

Fee Income	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Fee Income	16. Fee Income The Company's digital investment management platform manages capital on behalf of a diverse, global investor base, including but not limited to, sovereign wealth funds, public and private pensions, asset managers, insurance companies, and endowments, for which the Company earns fee income. The following table presents the Company's fee income by type, excluding amounts classified as discontinued operations (Note 12): Three Months Ended March 31, (In thousands) 2022 2021 Management fees $ 42,191 $ 27,739 Incentive fees 2 594 Other fees 644 1,110 Total fee income—affiliates $ 42,837 $ 29,443 Management Fees — The Company earns management fees for providing investment management services to its sponsored private funds and other investment vehicles, portfolio companies and managed accounts. Management fees are calculated generally at annual rates ranging from 0.2% to 1.5% of investors' committed capital during the commitment period of the vehicle, and thereafter, contributed or invested capital; or net asset value for vehicles in the liquid securities strategy. Incentive Fees —The Company is entitled to incentive fees from funds and managed accounts in its liquid securities strategy. Incentive fees are determined based upon the performance of the respective funds or accounts, subject to the achievement of specified return thresholds in accordance with the terms set out in their respective governing agreements. A portion of the incentive fees earned by the Company is allocable to senior management, investment professionals, and certain other employees of the Company, included in carried interest and incentive fee compensation expense.

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	17. Equity-Based Compensation The DigitalBridge Group, Inc. 2014 Omnibus Stock Incentive Plan (the "Equity Incentive Plan") provides for the grant of restricted stock, performance stock units ("PSUs"), Long Term Incentive Plan ("LTIP") units, restricted stock units ("RSUs"), deferred stock units ("DSUs"), options, warrants or rights to purchase shares of the Company's common stock, cash incentives and other equity-based awards to the Company's officers, directors (including non-employee directors), employees, co-employees, consultants or advisors of the Company or of any parent or subsidiary who provides services to the Company. Shares reserved for the issuance of awards under the Equity Incentive Plan are subject to equitable adjustment upon the occurrence of certain corporate events, provided that this number automatically increases each January 1st by 2% of the outstanding number of shares of the Company’s class A common stock on the immediately preceding December 31st. At March 31, 2022, an aggregate 85.2 million shares of the Company's class A common stock were reserved for the issuance of awards under the Equity Incentive Plan. Restricted Stock — Restricted stock awards in the Company's class A common stock are granted to senior executives, directors and certain employees, generally subject to a service condition only, with annual time-based vesting in equal tranches over a three-year period. Restricted stock is entitled to dividends declared and paid on the Company's class A common stock and such dividends are not forfeitable prior to vesting of the award. Restricted stock awards are valued based on the Company's class A common stock price on grant date and equity-based compensation expense is recognized on a straight-line basis over the requisite service period. Restricted Stock Units — RSUs in the Company's class A common stock are subject to a performance condition. Vesting of performance-based RSUs occur upon achievement of certain Company-specific metrics over a performance measurement period. Only vested RSUs are entitled to accrued dividends declared and paid on the Company's class A common stock during the time period the RSUs are outstanding. Fair value of RSUs are based on the Company's class A common stock price on grant date. Equity-based compensation expense is recognized when it becomes probable that the performance condition will be met. Performance Stock Units — PSUs are granted to senior executives and certain employees, and are subject to both a service condition and a market condition. Following the end of the measurement period, the recipients of PSUs who remain employed will vest in, and be issued a number of shares of the Company's class A common stock, generally ranging from 0% to 200% of the number of PSUs granted and determined based upon the performance of the Company's class A common stock relative to that of a specified peer group over a three-year measurement period (such measurement metric the "total shareholder return"). In addition, recipients of PSUs whose employment is terminated after the first anniversary of their PSU grant are eligible to vest in a portion of the PSU award following the end of the measurement period based upon achievement of the total shareholder return metric applicable to the award. PSUs also contain dividend equivalent rights which entitle the recipients to a payment equal to the amount of dividends that would have been paid on the shares that are ultimately issued at the end of the measurement period. Fair value of PSUs, including dividend equivalent rights, was determined using a Monte Carlo simulation under a risk-neutral premise, with the following assumptions: 2022 PSU Grants 2021 PSU Grants 2020 PSU Grants Expected volatility of the Company's class A common stock (1) 32.4% 35.4% 34.1% Expected annual dividend yield (2) 0.0% 0.0% 9.3% Risk-free rate (per annum) (3) 2.0% 0.3% 0.4% __________ (1) Based upon the historical volatility of the Company's stock and those of a specified peer group. (2) Based upon the Company's expected annualized dividends. Expected dividend yield is zero for the 2022 and 2021 PSU award as the Company suspended common dividends beginning with the second quarter of 2020. (3) Based upon the continuously compounded zero-coupon U.S. Treasury yield for the term coinciding with the remaining measurement period of the award as of valuation date. Fair value of PSU awards, excluding dividend equivalent rights, is recognized on a straight-line basis over their measurement period as compensation expense, and is not subject to reversal even if the market condition is not achieved. The dividend equivalent right is accounted for as a liability-classified award. The fair value of the dividend equivalent right is recognized as compensation expense on a straight-line basis over the measurement period, and is subject to adjustment to fair value at each reporting period. LTIP Units — LTIP units are units in the Operating Company that are designated as profits interests for federal income tax purposes. Unvested LTIP units that are subject to market conditions do not accrue distributions. Each vested LTIP unit is convertible, at the election of the holder (subject to capital account limitation), into one common OP Unit and upon conversion, subject to the redemption terms of OP Units (Note 9). LTIP units issued have either (1) a service condition only, valued based upon the Company's class A common stock price on grant date; or (2) both a service condition and a market condition based upon the Company's class A common stock achieving a target price over a predetermined measurement period, subject to continuous employment to the time of vesting, and valued using a Monte Carlo simulation. The following assumptions were applied in the Monte Carlo model under a risk-neutral premise: 2019 LTIP Grant (1) Expected volatility of the Company's class A common stock (2) 28.3% Expected dividend yield (3) 8.1% Risk-free rate (per annum) (4) 1.8% __________ (1) Represents 10 million LTIP units granted to the Company's Chief Executive Officer, Marc Ganzi, in connection with the Company's acquisition of Digital Bridge Holdings, LLC in July 2019, with vesting based upon achievement of the Company's class A common stock price closing at or above $10 over any 90 consecutive trading days prior to the fifth anniversary of the grant date. (2) Based upon historical volatility of the Company's stock and those of a specified peer group. (3) Based upon the Company's most recently issued dividend prior to grant date and closing price of the Company's class A common stock on grant date. (4) Based upon the continuously compounded zero-coupon US Treasury yield for the term coinciding with the measurement period of the award as of valuation date. Equity-based compensation cost on LTIP units is recognized on a straight-line basis either over (1) the service period for awards with a service condition only; or (2) the derived service period for awards with both a service condition and a market condition, irrespective of whether the market condition is satisfied. The derived service period is a service period that is inferred from the application of the simulation technique used in the valuation of the award, and represents the median of the terms in the simulation in which the market condition is satisfied. Deferred Stock Units — Certain non-employee directors may elect to defer the receipt of annual base fees and/or restricted stock awards, and in lieu, receive awards of DSUs. DSUs awarded in lieu of annual base fees are fully vested on their grant date, while DSUs awarded in lieu of restricted stock awards vest one year from their grant date. DSUs are entitled to a dividend equivalent, in the form of additional DSUs based on dividends declared and paid on the Company's class A common stock, subject to the same restrictions and vesting conditions, where applicable. Upon separation of service from the Company, vested DSUs will be settled in shares of the Company’s class A common stock. Fair value of DSUs are determined based on the price of the Company's class A common stock on grant date and recognized immediately if fully vested upon grant, or on a straight-line basis over the vesting period as equity based compensation expense and equity. Equity-based compensation expense, excluding amounts related to businesses presented as discontinued operations (Note 12), is as follows: Three Months Ended March 31, (In thousands) 2022 2021 Compensation expense (including $37 and $1,064 related to dividend equivalent rights) $ 9,731 $ 15,906 Changes in the Company’s unvested equity awards are summarized below: Weighted Average Grant Date Fair Value Restricted Stock LTIP Units (1) DSUs RSUs (2) PSUs (3) Total PSUs All Other Awards Unvested shares and units at December 31, 2021 8,190,263 10,461,256 101,748 9,589,564 10,487,396 38,830,227 $ 3.69 $ 2.51 Granted 3,770,706 — — — 742,696 4,513,402 7.62 6.92 Vested (3,053,570) (461,256) — — (1,233,911) (4,748,737) 4.38 4.33 Forfeited (13,676) — — — (2,138,743) (2,152,419) 1.82 5.79 Unvested shares and units at March 31, 2022 8,893,723 10,000,000 101,748 9,589,564 7,857,438 36,442,473 4.46 2.87 __________ (1) Represents the number of LTIP units granted subject to vesting upon achievement of market condition. LTIP units that do not meet the market condition within the measurement period will be forfeited. (2) Represents the number of RSUs granted subject to vesting upon achievement of performance condition. RSUs that do not meet the performance condition at the end of the measurement period will be forfeited. (3) Number of PSUs granted does not reflect potential increases or decreases that could result from the final outcome of the total shareholder return measured at the end of the performance period. PSUs for which the total shareholder return was not met at the end of the performance period are forfeited. Fair value of equity awards that vested, determined based upon their respective fair values at vesting date, was $33.4 million and $27.5 million for the three months ended March 31, 2022 and 2021, respectively. At March 31, 2022, aggregate unrecognized compensation cost for all unvested equity awards was $53.1 million, which is expected to be recognized over a weighted average period of 2.4 years. This excludes $25.1 million of unvested RSUs that are not currently probable of achieving their performance conditions and have a remaining performance measurement period of 2.1 years. Awards Granted by Managed Companies Prior to the termination of the Company’s management agreement with BRSP on April 30, 2021, BRSP granted equity awards to the Company and certain of the Company's employees ("managed company awards") that typically vest over a three-year period, subject to service conditions. Generally, the Company granted the managed company awards that it received in its capacity as manager to its employees with substantially the same terms and service requirements. Such grants were made at the discretion of the Company, and the Company may consult with the board of directors or compensation committee of BRSP as to final allocation of awards to its employees. Managed company awards granted to the Company, pending grant by the Company to its employees, are recognized based upon their fair value at grant date as other asset and other liability on the consolidated balance sheet. The deferred revenue liability is amortized into other income as the awards vest to the Company. Managed company awards granted to employees, either directly or through the Company, are recorded as other asset and other liability, and amortized on a straight-line basis as equity-based compensation expense and as other income, respectively, as the awards vest to the employees. The other asset and other liability associated with managed company awards granted to employees are subject to adjustment to fair value at each reporting period, with changes reflected in equity-based compensation and other income, respectively.

Transactions with Affiliates

Transactions with Affiliates	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Transactions with Affiliates	18. Transactions with Affiliates Affiliates include (i) private funds and other investment vehicles that the Company manages or sponsors, and in which the Company may have an equity interest or co-invests with; (ii) the Company's investments in unconsolidated ventures; and (iii) directors, senior executives and employees of the Company (collectively, "employees"). Amounts due from and due to affiliates consist of the following, excluding amounts related to discontinued operations that are presented as assets held for disposition (Note 11): (In thousands) March 31, 2022 December 31, 2021 Due from Affiliates Investment vehicles, portfolio companies and unconsolidated ventures Fee income $ 41,596 $ 41,859 Cost reimbursements and recoverable expenses 8,641 7,317 Employees and other affiliates 150 54 $ 50,387 $ 49,230 Significant transactions with affiliates include the following: Fee Income —Fee income earned from investment vehicles that the Company manages and/or sponsors, and may have an equity interest or co-investment, are presented in Note 16, except for amounts included within discontinued operations (Note 12) and assets held for disposition (Note 11). Cost Reimbursements— The Company receives reimbursements related largely to costs incurred in performing investment due diligence for funds and other investment vehicles managed by the Company. Such cost reimbursements, included in other income, totaled $3.4 million and $0.5 million for the three months ended March 31, 2022 and 2021, respectively. Separately, reimbursements of direct and indirect operating costs for managing the operations of BRSP prior to termination of the BRSP management agreement in April 2021 are reflected in other income within discontinued operations (Note 12) and related receivable is reflected as amounts due from affiliates within assets held for disposition (Note 11). Recoverable Expenses— The Company pays organization and offering costs associated with the formation and capital raising of investment vehicles sponsored by the Company, for which the Company recovers from these investment vehicles up to specified thresholds, as applicable. Digital Real Estate Acquisitions— Marc Ganzi, Chief Executive Officer of the Company, and Ben Jenkins, President and Chief Investment Officer of the Company, were former owners of Digital Bridge Holdings, LLC ("DBH") prior to its merger into the Company in July 2019. Messrs. Ganzi and Jenkins had retained their equity investments and general partner interests in the portfolio companies of DBH, which include DataBank and Vantage. As a result of the personal investments made by Messrs. Ganzi and Jenkins in DataBank and Vantage SDC prior to the Company’s acquisition of DBH, additional investments made by the Company in DataBank and Vantage SDC subsequent to their initial acquisitions may trigger future carried interest payments to Messrs. Ganzi and Jenkins upon the occurrence of future realization events. Such investments made by the Company include ongoing payments for the build-out of expansion capacity, including lease-up of the expanded capacity and existing inventory, in Vantage SDC (Note 3) and the acquisition of additional interest in DataBank from an existing investor in January 2022 (Note 10). Carried Interest Allocation from Sponsored Investment Vehicles —With respect to investment vehicles sponsored by the Company for which Messrs. Ganzi and Jenkins are invested in their capacity as former owners of DBH, and not in their capacity as employees of the Company, any carried interest allocation attributed to such investments by Messrs. Ganzi and Jenkins as general partner do not represent compensatory arrangements to the Company. Such carried interest allocation to Messrs. Ganzi and Jenkins that are unrealized or realized but unpaid are included in noncontrolling interests on the balance sheet, in the amount of $21.6 million at March 31, 2022 and $20.8 million at December 31, 2021. Carried interest allocated during the period is recorded as net income attributable to noncontrolling interests totaling $0.8 million for the three months ended March 31, 2022, with an immaterial allocation in the first quarter of 2021. Investment in Managed Investment Vehicles —Subject to the Company's related party policies and procedures, senior management, investment professionals and certain other employees may invest on a discretionary basis in investment vehicles sponsored by the Company, either directly in the vehicle or indirectly through the general partner entity. These investments are generally not subject to management fees, but otherwise bear their proportionate share of other operating expenses of the investment vehicles. At March 31, 2022 and December 31, 2021, such investments in consolidated investment vehicles and general partner entities totaled $16.3 million and $19.5 million, respectively, reflected in redeemable noncontrolling interests and noncontrolling interests on the balance sheet. Their share of net income was immaterial for the three months ended March 31, 2022 and 2021, respectively. Aircraft— P ursuant to Mr. Ganzi’s employment agreement, as amended, the Company has agreed to reimburse Mr. Ganzi for certain variable operational costs of business travel on a chartered or private jet (including any aircraft that Mr. Ganzi may partially or fully own), provided that the Company will not reimburse the allocable share (based on the number of passengers) of variable operational costs for any passenger on such flight who is not traveling on Company business. Additionally, the Company has also agreed to reimburse Mr. Ganzi for certain defined fixed costs of any aircraft owned by Mr. Ganzi. The fixed cost reimbursements will be made based on an allocable portion of an aircraft’s annual budgeted fixed cash operating costs, based on the number of hours the aircraft will be used for business purposes. At least once a year, the Company will reconcile the budgeted fixed operating costs with the actual fixed operating costs of the aircraft, and the Company or Mr. Ganzi, as applicable, will make a payment for any difference. The Company reimbursed Mr. Ganzi $0.2 million and $1.1 million for the three months ended March 31, 2022 and 2021, respectively. Advancement of Expenses— Effective April 1, 2021, Thomas J. Barrack stepped down as Executive Chairman of the Company and in July 2021, resigned as a member of the Company's Board of Directors. In October 2021, the Company entered into an Agreement Regarding Advancement of Certain Expenses ("Advancement Agreement") with Mr. Barrack, which is generally consistent with the Company’s obligations and Mr. Barrack’s rights regarding advancement of expenses under the terms of a January 2017 Indemnification Agreement between the Company and Mr. Barrack, and under the Company’s Bylaws. The Advancement Agreement (a) memorializes the parties’ disagreement as to the Company’s obligations and Mr. Barrack’s rights under the earlier Indemnification Agreement and the Bylaws, and (b) obligates Mr. Barrack to reimburse the Company for such advanced expenses under certain circumstances. The Company expensed $5.6 million in the three months ended March 31, 2022 pursuant to the Advancement Agreement.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	19. Segment Reporting The Company conducts its business through two reportable segments as follows: • Digital Investment Management ("Digital IM")— This business represents a leading global digital infrastructure investment platform, managing capital on behalf of a diverse base of global investors. The Company's flagship opportunistic strategy is conducted through its Digital Bridge Partners platform ("DBP") and separately capitalized vehicles, while other strategies, including digital credit, ventures and public equities, are conducted through other investment vehicles. The Company earns management fees, generally based on the amount of assets or capital managed in investment vehicles, and has the potential to earn incentive fees and carried interest based upon the performance of such investment vehicles, subject to achievement of minimum return hurdles. Earnings from our Digital IM segment are attributed 31.5% to Wafra, a significant investor in our Digital IM business, until such time Wafra's interest is redeemed by the Company (as discussed further in Note 10). • Digital Operating— This business is composed of balance sheet equity interests in digital infrastructure and real estate operating companies, which generally earn rental income from providing use of digital asset space and/or capacity through leases, services and other agreements. The Company currently owns interests in two companies: DataBank, including zColo, an edge colocation data center business (DBRG ownership at 21.8% as of March 31, 2022, 20% as of December 31, 2021); and Vantage SDC, a stabilized hyperscale data center business (DBRG ownership at 13%). Both DataBank and Vantage are also portfolio companies managed under Digital IM for the equity interests owned by third party capital. The Company's remaining investment activities and corporate level activities are presented as Corporate and Other. • Other investment activities are composed of the Company's equity interests in: (i) digital investment vehicles, the largest of which is in the DBP flagship funds, and seed investments in various strategies such as digital liquid and digital credit; and (ii) remaining non-digital investments, primarily in BRSP. Outside of its general partner interests, the Company's other equity interests in its sponsored and/or managed digital investment vehicles are considered to be incidental to its digital investment management business. The primary economics to the Company are represented by fee income and carried interest as general partner and/or manager, rather than economics from its equity interest in the investment vehicles as a limited partner or equivalent. With respect to seed investments, these are not intended to be a long-term deployment of capital by the Company and are expected to be warehoused temporarily on the Company's balance sheet until sufficient third party capital has been raised. At this time, the remaining non-digital investments are not substantially available for immediate sale and are expected to be monetized over an extended period beyond the near term. These other investment activities generate largely equity method earnings or losses and to a lesser extent, revenues in the form of interest income or dividend income from warehoused investments and consolidated investment vehicles. Effective the third quarter of 2021, these activities are no longer presented separately as the Digital Other and Other segments, which is consistent with and reflects management's focus on its core digital operations and overall simplification of the Company's business. • Corporate activities include corporate level cash and corresponding interest income, corporate level financing and related interest expense, corporate level transaction costs, costs in connection with unconsummated investments, income and expense related to cost reimbursement arrangements with affiliates, fixed assets for administrative use, compensation expense not directly attributable to reportable segments, corporate level administrative and overhead costs, and adjustments to eliminate intercompany fees. Costs which are directly attributable, or otherwise can be subjected to a reasonable and systematic allocation, have been allocated to each of the reportable segments. Elimination adjustment pertains to fee income earned by the Digital IM segment from third party capital in investment vehicles managed by the Company and consolidated within the Digital Operating segment and in Corporate and Other. Such adjustments amounted to $0.8 million and $3.3 million for the three months ended March 31, 2022 and 2021, respectively. Effective the second quarter of 2021, segment results are presented before elimination of intercompany fees. Fee income in Digital IM and fee expense in Digital Operating and in Corporate and Other were previously eliminated within the respective segments. All changes in segment presentation are reflected for all prior periods presented. Segment Results of Operations The following table summarizes results of operations of the Company's reportable segments, including selected income and expense items, reconciled to the consolidated statement of operations. (In thousands) Digital Investment Management Digital Operating Corporate and Other Total Three Months Ended March 31, 2022 Total revenues $ 44,893 $ 202,522 $ 10,044 $ 257,459 Property operating expense — 84,003 — 84,003 Interest expense 2,502 36,184 5,344 44,030 Depreciation and amortization 5,276 122,891 400 128,567 Equity method earnings (losses), including carried interest (31,062) — 19,190 (11,872) Income tax benefit (expense) (2,374) 330 9,457 7,413 Loss from continuing operations (9,143) (74,141) (153,002) (236,286) Net loss from continuing operations attributable to DigitalBridge Group, Inc. (7,602) (12,824) (133,043) (153,469) Net loss from discontinued operations attributable to DigitalBridge Group, Inc. (93,088) Net loss attributable to DigitalBridge Group, Inc. $ (246,557) Three Months Ended March 31, 2021 Total revenues $ 31,120 $ 189,202 $ 259 $ 220,581 Property operating expense — 79,862 — 79,862 Interest expense — 31,132 8,648 39,780 Depreciation and amortization 6,267 122,221 10,937 139,425 Equity method losses, including carried interest (195) — (16,444) (16,639) Income tax benefit (expense) (2,645) 12,268 13,573 23,196 Income (loss) from continuing operations 7,663 (64,260) (89,742) (146,339) Net income (loss) from continuing operations attributable to DigitalBridge Group, Inc. 6,879 (10,074) (82,594) (85,789) Net loss from discontinued operations attributable to DigitalBridge Group, Inc. (160,501) Net loss attributable to DigitalBridge Group, Inc. $ (246,290) Total assets and equity method investments of reportable segments are summarized as follows: March 31, 2022 December 31, 2021 (In thousands) Total Assets Equity Method Investments Total Assets Equity Method Investments Digital Investment Management $ 596,425 $ 108,616 $ 655,152 $ 140,027 Digital Operating 8,209,995 — 7,608,451 — Other 2,274,430 546,453 2,257,598 533,069 11,080,850 655,069 10,521,201 673,096 Assets held for disposition related to discontinued operations 151,307 147,514 3,676,615 182,552 $ 11,232,157 $ 802,583 $ 14,197,816 $ 855,648

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	20. Commitments and Contingencies Litigation The Company may be involved in litigation in the ordinary course of business. As of March 31, 2022, the Company was not involved in any legal proceedings that are expected to have a material adverse effect on the Company’s results of operations, financial position or liquidity.

Supplemental Disclosure of Cash

Supplemental Disclosure of Cash Flow Information	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure of Cash Flow Information	21. Supplemental Disclosure of Cash Flow Information Three Months Ended March 31, (In thousands) 2022 2021 Supplemental Disclosure of Cash Flow Information Cash paid for interest, net of amounts capitalized of $78 and $204 $ 70,065 $ 126,892 Cash received (paid) for income tax, net (328) 2,123 Operating lease payments 15,650 16,781 Finance lease payments 3,916 3,820 Supplemental Disclosure of Cash Flows from Discontinued Operations Net cash used in operating activities of discontinued operations $ (5,488) $ (9,510) Net cash provided by (used in) investing activities of discontinued operations (86,387) 12,004 Net cash used in financing activities of discontinued operations (12,653) (18,984) Supplemental Disclosure of Noncash Investing and Financing Activities Dividends and distributions payable $ 15,759 $ 18,516 Improvements in operating real estate in accrued and other liabilities 9,910 6,268 Receivable from loan repayments and asset sales 14,009 — Operating lease right-of-use assets and lease liabilities established 1,498 7,170 Redemption of OP Units for common stock 2 16 Exchange of notes into shares of Class A common stock 60,317 — Seller Note received in sale of the equity of NRF Holdco 154,992 — Assets disposed in sale of equity of investment entities or sale by receiver (Note 12) 3,420,783 2,814,793 Liabilities disposed in sale of equity of investment entities or sale by receiver (Note 12) 3,144,700 2,840,065 Noncontrolling interests of investment entities deconsolidated (1) 215,777 22,413 __________ (1) Represents deconsolidation of noncontrolling interests upon sale of the Company's equity interests in investment entities (Note 12).

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	22. Subsequent Events Other than as disclosed elsewhere, no subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the accompanying notes.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. These statements reflect all normal and recurring adjustments which, in the opinion of management, are necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented. However, the results of operations for the interim period presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, or any other future period. These interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in, or presented as exhibits to, the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The accompanying consolidated financial statements include the accounts of the Company and its controlled subsidiaries. All significant intercompany accounts and transactions have been eliminated. The portions of equity, net income and other comprehensive income of consolidated subsidiaries that are not attributable to the parent are presented separately as amounts attributable to noncontrolling interests in the consolidated financial statements. A substantial portion of noncontrolling interests represents interests held by private investment funds or other investment vehicles managed by the Company and which invest alongside the Company and membership interests in OP primarily held by certain employees of the Company.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates and assumptions.
Principles of Consolidation	Principles of Consolidation The Company consolidates entities in which it has a controlling financial interest by first considering if an entity meets the definition of a variable interest entity ("VIE") for which the Company is deemed to be the primary beneficiary, or if the Company has the power to control an entity through a majority of voting interest or through other arrangements. Variable Interest Entities —A VIE is an entity that either (i) lacks sufficient equity to finance its activities without additional subordinated financial support from other parties; (ii) whose equity holders lack the characteristics of a controlling financial interest; and/or (iii) is established with non-substantive voting rights. A VIE is consolidated by its primary beneficiary, which is defined as the party who has a controlling financial interest in the VIE through (a) power to direct the activities of the VIE that most significantly affect the VIE’s economic performance, and (b) obligation to absorb losses or right to receive benefits of the VIE that could be significant to the VIE. This assessment may involve subjectivity in the determination of which activities most significantly affect the VIE’s performance, and estimates about current and future fair value of the assets held by the VIE and financial performance of the VIE. In assessing its interests in the VIE, the Company also considers interests held by its related parties, including de facto agents. Additionally, the Company assesses whether it is a member of a related party group that collectively meets the power and benefits criteria and, if so, whether the Company is most closely associated with the VIE. In performing the related party analysis, the Company considers both qualitative and quantitative factors, including, but not limited to: the characteristics and size of its investment relative to the related party; the Company’s and the related party's ability to control or significantly influence key decisions of the VIE including consideration of involvement by de facto agents; the obligation or likelihood for the Company or the related party to fund operating losses of the VIE; and the similarity and significance of the VIE’s business activities to those of the Company and the related party. The determination of whether an entity is a VIE, and whether the Company is the primary beneficiary, may involve significant judgment, and depends upon facts and circumstances specific to an entity at the time of the assessment. Voting Interest Entities —Unlike VIEs, voting interest entities have sufficient equity to finance their activities and equity investors exhibit the characteristics of a controlling financial interest through their voting rights. The Company consolidates such entities when it has the power to control these entities through ownership of a majority of the entities' voting interests or through other arrangements.
Noncontrolling Interests	Noncontrolling Interests Redeemable Noncontrolling Interests —This represents noncontrolling interests in the Company's digital investment management business and in consolidated open-end funds sponsored by the Company. The noncontrolling interests either have redemption rights that will be triggered upon the occurrence of certain events (Note 10) or have the ability to withdraw all or a portion of their interests from the consolidated open-end funds in cash with advance notice. Redeemable noncontrolling interests is presented outside of permanent equity. Allocation of net income or loss to redeemable noncontrolling interests is based upon their ownership percentage during the period. The carrying amount of redeemable noncontrolling interests is adjusted to its redemption value at the end of each reporting period to an amount not less than its initial carrying value, except for amounts contingently redeemable which will be adjusted to redemption value only when redemption is probable. Such adjustments will be recognized in additional paid-in capital. Noncontrolling Interests in Investment Entities —This represents predominantly interests in consolidated investment entities held by co-investors through investment vehicles managed by the Company or held by third party joint venture partners. Allocation of net income or loss is generally based upon relative ownership interests held by equity owners in each investment entity, or based upon contractual arrangements that may provide for disproportionate allocation of economic returns among equity interests, including using a hypothetical liquidation at book value basis, where applicable and substantive. Noncontrolling Interests in Operating Company —This represents membership interests in OP held primarily by certain employees of the Company. Noncontrolling interests in OP are allocated a share of net income or loss in OP based on their weighted average ownership interest in OP during the period. Noncontrolling interests in OP have the right to require OP to redeem part or all of such member’s membership units in OP ("OP Units") for cash based on the market value of an equivalent number of shares of class A common stock at the time of redemption, or at the Company's election as managing member of OP, through issuance of shares of class A common stock (registered or unregistered) on a one-for-one basis. At the end of each reporting period, noncontrolling interests in OP is adjusted to reflect their ownership percentage in OP at the end of the period, through a reallocation between controlling and noncontrolling interests in OP, as applicable.
Business Combinations	Business Combinations Definition of a Business —The Company evaluates each purchase transaction to determine whether the acquired assets meet the definition of a business. If substantially all of the fair value of gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, then the set of transferred assets and activities is not a business. If not, for an acquisition to be considered a business, it would have to include an input and a substantive process that together significantly contribute to the ability to create outputs (i.e., there is a continuation of revenue before and after the transaction). A substantive process is not ancillary or minor, cannot be replaced without significant costs, effort or delay or is otherwise considered unique or scarce. To qualify as a business without outputs, the acquired assets would require an organized workforce with the necessary skills, knowledge and experience to perform a substantive process. Asset Acquisitions —For acquisitions that are not deemed to be businesses, the assets acquired are recognized based on their cost to the Company as the acquirer and no gain or loss is recognized. The cost of assets acquired in a group is allocated to individual assets within the group based on their relative fair values and does not give rise to goodwill. Transaction costs related to acquisition of assets are included in the cost basis of the assets acquired. Business Combinations —The Company accounts for acquisitions that qualify as business combinations by applying the acquisition method. Transaction costs related to acquisition of a business are expensed as incurred and excluded from the fair value of consideration transferred. The identifiable assets acquired, liabilities assumed and noncontrolling interests Contingent Consideration —Contingent consideration is classified as a liability or equity, as applicable. Contingent consideration in connection with the acquisition of a business or a VIE is measured at fair value on acquisition date, and unless classified as equity, is remeasured at fair value each reporting period thereafter until the consideration is settled, with changes in fair value included in net income. Contingent consideration in connection with the acquisition of assets (and that is not a VIE) is generally recognized when the liability is considered both probable and reasonably estimable, as part of the basis of the acquired assets
Discontinued Operations	Discontinued Operations If the disposition of a component, being an operating or reportable segment, business unit, subsidiary or asset group, represents a strategic shift that has or will have a major effect on the Company’s operations and financial results, the operating profits or losses of the component when classified as held for sale, and the gain or loss upon disposition of the component, are presented as discontinued operations in the statements of operations. A business or asset group acquired in connection with a business combination that meets the criteria to be accounted for as held for sale at the date of acquisition is reported as discontinued operations, regardless of whether it meets the strategic shift criterion.
Reclassifications	Reclassifications Reclassifications were made related to discontinued operations as discussed in "—Discontinued Operations" above and to prior period segment reporting presentation as discussed in Note 19. These reclassifications did not affect the Company's financial position, results of operations or cash flows.
Accounting Standards Adopted in 2022	Accounting Standards Adopted in 2022 Amendment to Lessor Accounting In July 2021, the FASB issued ASU No. 2021-5, Lessors—Certain Leases with Variable Lease Payments , which amends existing lease classification guidance for lessors to better reflect the economics of certain lease arrangements. The ASU requires a lease with variable lease payments that are not based upon a rate or index to be classified as an operating lease if classification as a direct financing lease or sales-type lease would have resulted in a loss to the lessor at lease commencement. A loss could have otherwise arisen even if the lease is expected to be profitable as the exclusion of these variable lease payments result in the recognition of a lower net investment in a lease relative to the carrying value of the underlying asset that is derecognized at the commencement of a direct financing or sales-type lease. Under the amended guidance, this uneconomic outcome is avoided because the classification as an operating lease does not result in a derecognition of the underlying asset by the lessor, and the recognition of variable lease payments earned and depreciation expense on the underlying asset will partially offset in earnings over time. The Company adopted the ASU on its effective date of January 1, 2022. At the time of adoption, the Company, as lessor, did not have any leases that would have been subject to this amendment. Acquired Contracts with Customers In October 2021, the FASB issued ASU No. 2021-8, Accounting for Contract Assets and Contract Liabilities From Contracts With Customers , which applies the principles of ASC 606, Revenue from Contracts with Customers , rather than a fair value basis under ASC 805, Business Combinations , in the recognition of contract assets and contract liabilities acquired in a business combination. The ASU addresses the following inconsistencies: (1) measurement of contract liability or deferred revenue at fair value that is typically lower than carrying value, reducing post-acquisition revenues; and (2) timing of contractual payments affecting the fair value of deferred revenue and the amount of post-acquisition revenue in otherwise similar contracts. Under the new guidance, an acquirer records a contract asset or contract liability as if it had originated the acquired revenue contract, which requires the acquirer to evaluate performance obligations, transaction price and relative stand-alone selling price at the original contract inception date or subsequent modification dates. This will generally result in the recognition and measurement of a contract asset and contract liability that will likely be more comparable to the books of the acquiree at acquisition date. In circumstances where an acquirer is unable to assess or rely on the acquiree's accounting under ASC 606, the ASU provides a practical expedient that allows an acquirer to determine the stand-alone selling price of each performance obligation in the contract as of acquisition date, instead of contract inception date, for purposes of allocating the transaction price. The amendments also apply to contract assets and contract liabilities from other contracts to which the provisions of ASC 606 apply, such as contracts within the scope of ASC 610-20, Other Income—Gains and Losses from Derecognition of Nonfinancial Assets, but the amendments do not affect the accounting for other assets or liabilities that may arise from acquired customer contracts such as refund liabilities that do not meet the definition of contract liabilities and continue to be recorded at fair value. The ASU is effective January 1, 2023 and is to be applied prospectively. Early adoption is permitted with retrospective application to all business combinations that occurred during the fiscal year of early adoption. The Company early adopted the ASU on January 1, 2022.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Summary of Consideration and Allocation to Assets Acquired and Liabilities Assumed	The following table summarizes the consideration and allocation to assets acquired, liabilities assumed and noncontrolling interests at acquisition. Consideration for asset acquisitions incorporates capitalized transaction costs, where applicable. Asset Acquisitions 2022 2021 (In thousands) Acquisitions by DataBank / zColo US Vantage SDC Expansion Capacity Vantage SDC Expansion Capacity and Add-On Acquisition Acquisitions by DataBank / zColo US zColo France Assets acquired and liabilities assumed Real estate $ 616,563 $ 30,736 $ 479,587 $ 38,500 $ 26,083 Intangible assets 77,885 5,485 82,603 — 8,702 Lease right-of-use ("ROU") and other assets 3,994 — — — 9,536 Intangible, lease and other liabilities (2,839) — (56,889) — (11,303) Fair value of net assets acquired $ 695,603 $ 36,221 $ 505,301 $ 38,500 $ 33,018

Real Estate (Tables)

Real Estate (Tables)	3 Months Ended
	Mar. 31, 2022
Real Estate [Abstract]
Schedule of Components of Real Estates	The following table summarizes the Company's real estate held for investment in the digital operating segment. (In thousands) March 31, 2022 December 31, 2021 Land $ 253,633 $ 206,588 Buildings and improvements 1,520,535 1,295,204 Data center infrastructure 4,213,917 3,785,561 Construction in progress 111,017 77,014 6,099,102 5,364,367 Less: Accumulated depreciation (471,030) (392,083) Real estate assets, net $ 5,628,072 $ 4,972,284
Schedule of Components of Property Operating Income	Components of property operating income in the digital operating segment are as follows. Three Months Ended March 31, (In thousands) 2022 2021 Lease income: Fixed lease income $ 160,324 $ 150,429 Variable lease income 23,847 23,186 184,171 173,615 Data center service revenue 18,340 15,387 $ 202,511 $ 189,002

Equity Investments (Tables)

Equity Investments (Tables)	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Ventures	The Company's equity investments, excluding investments held for disposition (Note 11), are represented by the following: (In thousands) March 31, 2022 December 31, 2021 Equity method investments BRSP (1) $ 291,695 $ 284,985 Company-sponsored private funds (2) 358,468 382,694 Other 4,906 5,417 655,069 673,096 Other equity investments Marketable securities (Note 13) 197,715 201,912 Private funds and non-traded REIT 47,193 49,575 Other 40,624 10,570 $ 940,601 $ 935,153 __________ (1) At December 31, 2021, excluded approximately 461,000 shares and 3.1 million units in BRSP held by NRF Holdco that were included in assets held for disposition (Note 11). NRF Holdco was sold in February 2022. (2) Includes unrealized carried interest of $80.8 million at March 31, 2022 and $112.0 million at December 31, 2021 in connection with sponsored investment vehicles that are in the early stage of their lifecycle, of which a substantial portion is shared with certain employees.

Goodwill, Deferred Leasing Co_2

Goodwill, Deferred Leasing Costs and Other Intangibles (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill balance by reportable segment at both March 31, 2022 and December 31, 2021 is as follows. (In thousands) Digital Investment Management (1) $ 298,248 Digital Operating 463,120 Total goodwill $ 761,368 __________ (1) Remaining goodwill deductible for income tax purposes was $130.3 million at March 31, 2022
Schedule of Deferred Leasing Costs and Other Intangibles	Deferred leasing costs and identifiable intangible assets and liabilities, excluding those related to assets held for disposition, are as follows. March 31, 2022 December 31, 2021 (In thousands) Carrying Amount (Net of Impairment) (1) Accumulated Amortization (1) Net Carrying Amount (1) Carrying Amount (Net of Impairment) (1) Accumulated Amortization (1) Net Carrying Amount (1) Deferred Leasing Costs and Intangible Assets Deferred leasing costs and lease-related intangible assets (2) $ 1,233,164 $ (292,479) $ 940,685 $ 1,148,441 $ (256,987) $ 891,454 Investment management intangibles (3) 164,189 (66,490) 97,699 164,189 (61,435) 102,754 Customer relationships and service contracts (4) 218,164 (49,335) 168,829 218,064 (44,496) 173,568 Trade names 26,400 (12,364) 14,036 26,400 (11,266) 15,134 Other (5) 6,818 (2,580) 4,238 6,818 (2,101) 4,717 Total deferred leasing costs and intangible assets $ 1,648,735 $ (423,248) $ 1,225,487 $ 1,563,912 $ (376,285) $ 1,187,627 Intangible Liabilities Lease intangible liabilities (2) $ 46,610 $ (12,151) $ 34,459 $ 44,076 $ (10,775) $ 33,301 __________ (1) Amounts are presented net of impairments and write-offs. (2) Lease intangible assets are composed of in-place leases, above-market leases and tenant relationships. Lease-intangible liabilities are composed of below-market leases. (3) Composed of investment management contracts and investor relationships. (4) In connection with data center services provided in the colocation data center business.
Schedule of Amortization of Intangible Assets and Liabilities	The following table summarizes amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities: Three Months Ended March 31, (In thousands) 2022 2021 Net decrease to rental income (1) $ (131) $ (695) Amortization expense Deferred leasing costs and lease-related intangibles $ 33,707 $ 42,485 Investment management intangibles 5,055 6,114 Customer relationships and service contracts 4,914 9,837 Trade name 1,098 11,952 Other 477 464 $ 45,251 $ 70,852 __________ (1) Represents the net effect of amortizing above- and below-market leases.
Schedule of Estimated Annual Amortization Expense	The following table presents the future amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities, excluding those related to assets and liabilities held for disposition. Year Ending December 31, (In thousands) Remaining 2022 2023 2024 2025 2026 2027 and thereafter Total Net increase (decrease) to rental income $ (259) $ (872) $ (1,538) $ (1,392) $ (1,310) $ 794 $ (4,577) Amortization expense 141,475 149,706 118,269 107,660 121,539 547,802 1,186,451

Restricted Cash, Other Assets_2

Restricted Cash, Other Assets and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Restricted Cash, Other Assets And Other Liabilities [Abstract]
Schedule of the Company's Other Assets, Net	The following table summarizes the Company's other assets: (In thousands) March 31, 2022 December 31, 2021 Straight-line rents $ 29,214 $ 25,516 Investment deposits and pending deal costs 14,585 22,238 Prefunded capital expenditures for Vantage SDC 19,574 24,293 Derivative assets 5,176 944 Prepaid taxes and deferred tax assets, net 37,350 29,347 Receivables from resolution of investment 10,499 10,463 Operating lease right-of-use asset, net 344,583 349,509 Finance lease right-of-use asset, net 128,997 131,909 Accounts receivable, net (2) 94,294 83,878 Prepaid expenses 25,078 20,303 Other assets 18,764 24,835 Fixed assets, net (3) 18,062 17,160 Total other assets $ 746,176 $ 740,395 __________ (1) Deferred financing costs relate to revolving credit arrangements originated by the Company and its subsidiaries. The Company's corporate credit facility was terminated in July 2021. (2) Includes primarily receivables from tenants. (3) Net of accumulated depreciation of $20.5 million as of March 31, 2022 and $19.2 million as of December 31, 2021 .
Schedule of Accrued and Other Liabilities	The following table summarizes the Company's accrued and other liabilities: (In thousands) March 31, 2022 December 31, 2021 Deferred income (1) $ 45,398 $ 37,143 Interest payable 15,522 14,870 Derivative liabilities 4,943 — Current and deferred income tax liability 2,534 2,016 Operating lease liability 334,943 342,510 Finance lease liability 141,032 142,777 Accrued compensation 48,269 64,100 Accrued carried interest and incentive fee compensation 42,710 67,258 Accrued real estate and other taxes 13,393 10,523 Payable for Vantage SDC expansion capacity (Note 3) 57,707 55,896 Accounts payable and accrued expenses 114,682 121,931 Other liabilities 75,120 69,018 Accrued and other liabilities $ 896,253 $ 928,042 __________ (1) Represents primarily prepaid rental income, upfront payment received for data center installation services, and deferred investment management fees. Deferred investment management fees of $4.5 million at March 31, 2022 and $6.0 million at December 31, 2021 are expected to be recognized as fee income over a weighted average period of 4.0 years and 3.2 years, respectively. Deferred investment management fees recognized as income of $2.4 million and $0.1 million in the three months ended March 31, 2022 and 2021, respectively, pertain to the deferred management fee balance at the beginning of each respective period.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The Company's debt balance is composed of the following components, excluding debt related to assets held for disposition that is expected to be assumed by the counterparty upon disposition, which is included in liabilities related to assets held for disposition (Note 11). (In thousands) Securitized Financing Facility Convertible and Exchangeable Senior Notes Investment-Level Secured Debt Total Debt March 31, 2022 Debt at amortized cost Principal $ 300,000 $ 278,422 $ 4,609,175 $ 5,187,597 Premium (discount), net — (1,636) 15,900 14,264 Deferred financing costs (8,152) (1,020) (69,443) (78,615) $ 291,848 $ 275,766 $ 4,555,632 $ 5,123,246 December 31, 2021 Debt at amortized cost Principal $ 300,000 $ 338,739 $ 4,283,983 $ 4,922,722 Premium (discount), net — (3,091) 17,629 14,538 Deferred financing costs (8,606) (1,384) (66,868) (76,858) $ 291,394 $ 334,264 $ 4,234,744 $ 4,860,402 The following table summarizes certain key terms of the Company's debt. Fixed Rate Variable Rate Total ($ in thousands) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) Outstanding Principal Weighted Average Interest Rate (Per Annum) (1) Weighted Average Years Remaining to Maturity (2) March 31, 2022 Recourse Secured Fund Fee Revenue Notes (3) $ 300,000 3.93 % 4.5 $ — N/A N/A $ 300,000 3.93 % 4.5 Convertible and exchangeable senior notes 278,422 5.21 % 1.7 — N/A N/A 278,422 5.21 % 1.7 578,422 — 578,422 Non-recourse Investment-Level Secured Debt Digital Operating 3,644,908 2.44 % 3.8 833,767 5.04 % 2.9 4,478,675 2.92 % 3.7 Other — N/A N/A 130,500 2.07 % 1.4 130,500 2.07 % 1.4 3,644,908 964,267 4,609,175 $ 4,223,330 $ 964,267 $ 5,187,597 December 31, 2021 Recourse Secured Fund Fee Revenue Notes (3) $ 300,000 3.93 % 4.7 $ — N/A N/A $ 300,000 3.93 % 4.7 Convertible and exchangeable senior notes (4) 338,739 5.31 % 2.2 — N/A N/A 338,739 5.31 % 2.2 638,739 — 638,739 Non-recourse Investment-Level Secured Debt Digital Operating 3,646,466 2.44 % 4.1 571,017 5.74 % 4.0 4,217,483 2.88 % 4.1 Other — N/A N/A 66,500 1.31 % 1.6 66,500 1.31 % 1.6 3,646,466 637,517 4,283,983 $ 4,285,205 $ 637,517 $ 4,922,722 __________ (1) Calculated based upon outstanding debt principal at balance sheet date. For variable rate debt, weighted average interest rate is calculated based upon the applicable index plus spread at balance sheet date. (2) Calculated based upon anticipated repayment dates for notes issued under securitization financing; otherwise based upon initial maturity dates, or extended maturity dates if extension criteria are met for extensions that are at the Company's option. (3) Represent obligations of special-purpose subsidiaries of the OP as co-issuers and certain other special-purpose subsidiaries of DBRG, and secured by assets of these special-purpose subsidiaries, as further described below. DBRG and the OP are not guarantors to the debt.
Convertible Senior Notes Issued	Convertible and exchangeable senior notes (collectively, the senior notes) are composed of the following, each representing senior unsecured obligations of DigitalBridge Group, Inc. or a subsidiary as the respective issuers of the senior notes: Description Issuance Date Due Date Interest Rate (per annum) Conversion or Exchange Price (per share of common stock) Conversion or Exchange Ratio (in shares) (1) Conversion or Exchange Shares (in thousands) Earliest Redemption Date Outstanding Principal March 31, 2022 December 31, 2021 Issued by DigitalBridge Group, Inc. 5.00% Convertible Senior Notes April 2013 April 15, 2023 5.00 % $ 15.76 63.4700 12,694 April 22, 2020 $ 200,000 $ 200,000 Issued by DigitalBridge Operating Company, LLC 5.75% Exchangeable Senior Notes July 2020 July 15, 2025 5.750 % 2.30 434.7826 34,097 July 21, 2023 78,422 138,739 $ 278,422 $ 338,739 __________
Schedule of Debt Conversions	DBRG and the OP completed separate privately negotiated exchange transactions with certain noteholders of the 5.75% exchangeable notes, as follows: Principal of 5.75% Exchangeable Notes Exchanged Consideration for Exchange (In thousands) Class A Common Stock Issued Cash Paid March 2022 $ 60,317 25,557 $ 13,887 October and November 2021 161,261 73,365 — $ 221,578 98,922 $ 13,887

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Activity of Preferred and Common Stock	The table below summarizes the share activities of the Company's preferred and common stock. Number of Shares (In thousands) Preferred Stock Class A Common Stock Class B Common Stock Shares outstanding at December 31, 2020 41,350 483,406 734 Shares issued upon redemption of OP Units — 5 — Equity awards issued, net of forfeitures — 4,839 — Shares canceled for tax withholding on vested equity awards — (1,147) — Shares outstanding at March 31, 2021 41,350 487,103 734 Shares outstanding at December 31, 2021 35,340 568,577 666 Exchange of notes for class A common stock — 25,557 — Shares issued upon redemption of OP Units — 1 — Equity awards issued, net of forfeitures — 4,992 — Shares canceled for tax withholding on vested equity awards — (1,647) — Shares outstanding at March 31, 2022 35,340 597,480 666 The table below summarizes the preferred stock issued and outstanding at March 31, 2022: Description Dividend Rate Per Annum Initial Issuance Date Shares Outstanding (in thousands) Par Value (in thousands) Liquidation Preference (in thousands) Earliest Redemption Date Series H 7.125 % April 2015 8,940 $ 89 $ 223,500 Currently redeemable Series I 7.15 % June 2017 13,800 138 345,000 June 5, 2022 Series J 7.125 % September 2017 12,600 126 315,000 September 22, 2022 35,340 $ 353 $ 883,500
Components of Accumulated Other Comprehensive Income (Loss) Attributable to Stockholders	The following tables present the changes in each component of AOCI attributable to stockholders and noncontrolling interests in investment entities, net of immaterial tax effect. AOCI attributable to noncontrolling interests in Operating Company is immaterial. Changes in Components of AOCI—Stockholders (In thousands) Company's Share in AOCI of Equity Method Investments Unrealized Gain (Loss) on AFS Debt Securities Unrealized Gain (Loss) on Cash Flow Hedges Foreign Currency Translation Gain (Loss) Unrealized Gain (Loss) on Net Investment Hedges Total AOCI at December 31, 2020 $ 17,718 $ 6,072 $ (233) $ 52,832 $ 45,734 $ 122,123 Other comprehensive income (loss) before reclassifications (2,438) (2,992) — (19,631) 3,761 (21,300) Amounts reclassified from AOCI — — 233 — — 233 AOCI at March 31, 2021 $ 15,280 $ 3,080 $ — $ 33,201 $ 49,495 $ 101,056 AOCI at December 31, 2021 $ 2,334 $ 5,861 $ — $ 26,502 $ 7,686 $ 42,383 Other comprehensive income (loss) before reclassifications 217 — — (3,131) 25 (2,889) Amounts reclassified from AOCI (200) (5,861) — (20,680) — (26,741) AOCI at March 31, 2022 $ 2,351 $ — $ — $ 2,691 $ 7,711 $ 12,753 Changes in Components of AOCI—Noncontrolling Interests in Investment Entities (In thousands) Unrealized Gain (Loss) on Cash Flow Hedges Foreign Currency Translation Gain (Loss) Unrealized Gain (Loss) on Net Investment Hedges Total AOCI at December 31, 2020 $ (1,030) $ 83,845 $ 15,099 $ 97,914 Other comprehensive loss before reclassifications — (37,686) — (37,686) Amounts reclassified from AOCI 1,030 — — 1,030 AOCI at March 31, 2021 $ — $ 46,159 $ 15,099 $ 61,258 AOCI at December 31, 2021 $ — $ 11,057 $ — $ 11,057 Other comprehensive loss before reclassifications — (2,184) — (2,184) Amounts reclassified from AOCI — (9,827) — (9,827) AOCI at March 31, 2022 $ — $ (954) $ — $ (954)
Reclassification out of Accumulated Other Comprehensive Income	Information about amounts reclassified out of AOCI attributable to stockholders by component is presented below. Such amounts are included in other gain (loss) in both continuing and discontinued operations on the statements of operations, as applicable, except for amounts related to equity method investments, which are included in equity method losses in discontinued operations. (In thousands) Three Months Ended March 31, Affected Line Item in the Component of AOCI reclassified into earnings 2022 2021 Relief of basis of AFS debt securities $ 5,861 $ — Other gain (loss), net Release of foreign currency cumulative translation adjustments 20,680 — Other gain (loss), net Realized loss on cash flow hedges — (233) Other gain (loss), net Release of equity in AOCI of equity method investments 200 — Equity method earnings (losses)

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	The following table presents the activity in redeemable noncontrolling interests in the Company's digital investment management business, as discussed below, and in open-end funds sponsored and consolidated by the Company. Three Months Ended March 31, (In thousands) 2022 2021 Redeemable noncontrolling interests Beginning balance $ 359,223 $ 305,278 Contributions 10,150 10,640 Distributions and redemptions (9,414) (2,445) Net income (loss) (11,220) 2,449 Adjustment to estimated redemption value 690,000 — Ending balance $ 1,038,739 $ 315,922

Assets and Related Liabilitie_2

Assets and Related Liabilities Held For Disposition (Tables)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disclosure of Long Lived Assets and Liabilities Held-for-sale	Total assets and related liabilities held for disposition are summarized below, all of which relate to discontinued operations (Note 12). At March 31, 2022, these were composed predominantly of five remaining equity method investments excluded from the December 2021 OED sale. At December 31, 2021, they also included assets and liabilities held by NRF Holdco related primarily to the Wellness Infrastructure business, prior to its sale in February 2022. (In thousands) March 31, 2022 December 31, 2021 Assets Restricted cash $ — $ 65,022 Real estate, net — 3,079,416 Loans receivable — 55,878 Equity and debt investments 149,826 250,246 Deferred leasing costs and other intangible assets, net — 118,300 Other assets 1,481 100,720 Due from affiliates — 7,033 Total assets held for disposition $ 151,307 $ 3,676,615 Liabilities Debt, net (1) $ — $ 2,869,360 Lease intangibles and other liabilities 758 219,339 Total liabilities related to assets held for disposition $ 758 $ 3,088,699 __________
Available-for-sale Securities	The balance of N-Star CDO bonds at December 31, 2021, classified as Level 3 fair value, is summarized as follows. Amortized Cost without Allowance for Credit Loss Allowance for Credit Loss Gross Cumulative Unrealized (in thousands) Gains Losses Fair Value December 31, 2021 $ 55,041 $ (24,882) $ 6,372 $ — $ 36,531
Summary of Changes in Recurring Level 3 Fair Value	The following table presents changes in recurring Level 3 fair value assets held for disposition. Realized and unrealized gains (losses) are included in AOCI for AFS debt securities, other gain (loss) for loans receivable and equity method losses for equity method investments, all of which are presented in discontinued operations (Note 12). Fair Value Option (In thousands) AFS Debt Securities Held for Disposition Loans Held for Disposition Equity Method Investments Held for Disposition Fair value at December 31, 2020 $ 28,576 $ 1,258,539 $ 153,259 Purchases, drawdowns, contributions and accretion 10,283 3,631 (6,953) Paydowns, distributions and sales (691) (8,798) — Change in accrued interest and capitalization of paid-in-kind interest — 4,991 — Allowance for credit losses (194) — — Realized and unrealized losses in earnings, net — (199,082) (23,895) Other comprehensive loss (1) (3,309) (33,072) (4,707) Fair value at March 31, 2021 $ 34,665 $ 1,026,209 $ 117,704 Net unrealized gains (losses) on instruments held at March 31, 2021 In earnings $ (194) $ (199,082) $ (24,820) In other comprehensive loss $ (3,309) N/A N/A Fair value at December 31, 2021 $ 36,531 $ 55,878 $ 79,309 Purchases, drawdowns, contributions and accretion 195 — — Paydowns, distributions and sales (36,726) (54,490) (903) Change in accrued interest and capitalization of paid-in-kind interest — (1,013) — Realized and unrealized losses in earnings, net — (375) — Other comprehensive loss (1) — — (1,721) Fair value at March 31, 2022 $ — $ — $ 76,685 Net unrealized gains (losses) on instruments held at March 31, 2022 In earnings $ — $ — $ — In other comprehensive loss $ — N/A N/A __________ (1) Amounts recorded in OCI for loans receivable and equity method investments represent foreign currency translation differences on the Company's foreign subsidiaries that hold the respective foreign currency denominated investments. The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss) for loans receivable and equity method earnings (losses) for equity method investments. Fair Value Option (In thousands) Loans Held for Investment Equity Method Investments Fair value at December 31, 2020 $ 36,798 $ 28,540 Change in accrued interest and capitalization of paid-in-kind interest (245) — Realized and unrealized gain in earnings, net 270 8,260 Fair value at March 31, 2021 $ 36,823 $ 36,800 Net unrealized gains (losses) in earnings on instruments held at March 31, 2021 $ — $ 8,260 Fair value at December 31, 2021 $ 82,930 $ — Purchases, originations, drawdowns and contributions 360,990 — Paydowns, distributions and sales (112,500) — Change in accrued interest and capitalization of paid-in-kind interest (650) — Realized and unrealized loss in earnings, net (2,815) — Fair value at March 31, 2022 $ 327,955 $ — Net unrealized loss in earnings on instruments held at March 31, 2022 $ (2,815) $ —
Summary of Changes in Recurring Level 3 Fair Values	The following table presents changes in recurring Level 3 fair value assets held for disposition. Realized and unrealized gains (losses) are included in AOCI for AFS debt securities, other gain (loss) for loans receivable and equity method losses for equity method investments, all of which are presented in discontinued operations (Note 12). Fair Value Option (In thousands) AFS Debt Securities Held for Disposition Loans Held for Disposition Equity Method Investments Held for Disposition Fair value at December 31, 2020 $ 28,576 $ 1,258,539 $ 153,259 Purchases, drawdowns, contributions and accretion 10,283 3,631 (6,953) Paydowns, distributions and sales (691) (8,798) — Change in accrued interest and capitalization of paid-in-kind interest — 4,991 — Allowance for credit losses (194) — — Realized and unrealized losses in earnings, net — (199,082) (23,895) Other comprehensive loss (1) (3,309) (33,072) (4,707) Fair value at March 31, 2021 $ 34,665 $ 1,026,209 $ 117,704 Net unrealized gains (losses) on instruments held at March 31, 2021 In earnings $ (194) $ (199,082) $ (24,820) In other comprehensive loss $ (3,309) N/A N/A Fair value at December 31, 2021 $ 36,531 $ 55,878 $ 79,309 Purchases, drawdowns, contributions and accretion 195 — — Paydowns, distributions and sales (36,726) (54,490) (903) Change in accrued interest and capitalization of paid-in-kind interest — (1,013) — Realized and unrealized losses in earnings, net — (375) — Other comprehensive loss (1) — — (1,721) Fair value at March 31, 2022 $ — $ — $ 76,685 Net unrealized gains (losses) on instruments held at March 31, 2022 In earnings $ — $ — $ — In other comprehensive loss $ — N/A N/A __________ (1) Amounts recorded in OCI for loans receivable and equity method investments represent foreign currency translation differences on the Company's foreign subsidiaries that hold the respective foreign currency denominated investments. The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss) for loans receivable and equity method earnings (losses) for equity method investments. Fair Value Option (In thousands) Loans Held for Investment Equity Method Investments Fair value at December 31, 2020 $ 36,798 $ 28,540 Change in accrued interest and capitalization of paid-in-kind interest (245) — Realized and unrealized gain in earnings, net 270 8,260 Fair value at March 31, 2021 $ 36,823 $ 36,800 Net unrealized gains (losses) in earnings on instruments held at March 31, 2021 $ — $ 8,260 Fair value at December 31, 2021 $ 82,930 $ — Purchases, originations, drawdowns and contributions 360,990 — Paydowns, distributions and sales (112,500) — Change in accrued interest and capitalization of paid-in-kind interest (650) — Realized and unrealized loss in earnings, net (2,815) — Fair value at March 31, 2022 $ 327,955 $ — Net unrealized loss in earnings on instruments held at March 31, 2022 $ (2,815) $ —

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations, Net Income (Loss)	Income (loss) from discontinued operations is presented below. Three Months Ended March 31, (In thousands) 2022 2021 Revenues Property operating income $ 69,202 $ 229,489 Interest income 1,025 5,953 Fee income 4,910 20,198 Other income 5,144 11,137 Revenues from discontinued operations 80,281 266,777 Expenses Property operating expense 36,669 178,484 Interest expense 112,947 110,722 Transaction-related costs and investment expense 3,347 9,971 Depreciation and amortization 2,339 50,880 Impairment loss 23,802 123,760 Compensation and administrative expense 22,051 28,759 Expenses from discontinued operations 201,155 502,576 Other income (loss) Gain on sale of real estate — 45,750 Other loss, net (624) (200,043) Equity method earnings (losses) 11,988 (94,886) Loss from discontinued operations before income taxes (109,510) (484,978) Income tax benefit 2,112 3,718 Loss from discontinued operations (107,398) (481,260) Loss from discontinued operations attributable to: Noncontrolling interests in investment entities (6,175) (303,851) Noncontrolling interests in Operating Company (8,135) (16,908) Loss from discontinued operations attributable to DigitalBridge Group, Inc. $ (93,088) $ (160,501)

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Realized and Unrealized Gains and Losses on Derivatives Not Designated as Hedges	Realized and unrealized gains and losses on derivative instruments are recorded in other gain (loss) on the consolidated statement of operations, other than interest expense, as follows: Three Months Ended March 31, (In thousands) 2022 2021 Foreign currency contracts: Non-designated contracts Realized and unrealized gain (loss) in earnings $ 1,510 $ (245) Interest rate contracts: Designated contracts Interest expense (1) — 20 Realized loss transferred from AOCI to earnings — (1,292) Non-designated contracts Realized and unrealized gain (loss) in earnings 61 (16) __________ (1) Represents amortization of the cost of designated interest rate caps to interest expense based upon expected hedged interest payments on variable rate debt.
Summary of Changes in Recurring Level 3 Fair Value	The following table presents changes in recurring Level 3 fair value assets held for disposition. Realized and unrealized gains (losses) are included in AOCI for AFS debt securities, other gain (loss) for loans receivable and equity method losses for equity method investments, all of which are presented in discontinued operations (Note 12). Fair Value Option (In thousands) AFS Debt Securities Held for Disposition Loans Held for Disposition Equity Method Investments Held for Disposition Fair value at December 31, 2020 $ 28,576 $ 1,258,539 $ 153,259 Purchases, drawdowns, contributions and accretion 10,283 3,631 (6,953) Paydowns, distributions and sales (691) (8,798) — Change in accrued interest and capitalization of paid-in-kind interest — 4,991 — Allowance for credit losses (194) — — Realized and unrealized losses in earnings, net — (199,082) (23,895) Other comprehensive loss (1) (3,309) (33,072) (4,707) Fair value at March 31, 2021 $ 34,665 $ 1,026,209 $ 117,704 Net unrealized gains (losses) on instruments held at March 31, 2021 In earnings $ (194) $ (199,082) $ (24,820) In other comprehensive loss $ (3,309) N/A N/A Fair value at December 31, 2021 $ 36,531 $ 55,878 $ 79,309 Purchases, drawdowns, contributions and accretion 195 — — Paydowns, distributions and sales (36,726) (54,490) (903) Change in accrued interest and capitalization of paid-in-kind interest — (1,013) — Realized and unrealized losses in earnings, net — (375) — Other comprehensive loss (1) — — (1,721) Fair value at March 31, 2022 $ — $ — $ 76,685 Net unrealized gains (losses) on instruments held at March 31, 2022 In earnings $ — $ — $ — In other comprehensive loss $ — N/A N/A __________ (1) Amounts recorded in OCI for loans receivable and equity method investments represent foreign currency translation differences on the Company's foreign subsidiaries that hold the respective foreign currency denominated investments. The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss) for loans receivable and equity method earnings (losses) for equity method investments. Fair Value Option (In thousands) Loans Held for Investment Equity Method Investments Fair value at December 31, 2020 $ 36,798 $ 28,540 Change in accrued interest and capitalization of paid-in-kind interest (245) — Realized and unrealized gain in earnings, net 270 8,260 Fair value at March 31, 2021 $ 36,823 $ 36,800 Net unrealized gains (losses) in earnings on instruments held at March 31, 2021 $ — $ 8,260 Fair value at December 31, 2021 $ 82,930 $ — Purchases, originations, drawdowns and contributions 360,990 — Paydowns, distributions and sales (112,500) — Change in accrued interest and capitalization of paid-in-kind interest (650) — Realized and unrealized loss in earnings, net (2,815) — Fair value at March 31, 2022 $ 327,955 $ — Net unrealized loss in earnings on instruments held at March 31, 2022 $ (2,815) $ —
Summary of Changes in Recurring Level 3 Fair Values	The following table presents changes in recurring Level 3 fair value assets held for disposition. Realized and unrealized gains (losses) are included in AOCI for AFS debt securities, other gain (loss) for loans receivable and equity method losses for equity method investments, all of which are presented in discontinued operations (Note 12). Fair Value Option (In thousands) AFS Debt Securities Held for Disposition Loans Held for Disposition Equity Method Investments Held for Disposition Fair value at December 31, 2020 $ 28,576 $ 1,258,539 $ 153,259 Purchases, drawdowns, contributions and accretion 10,283 3,631 (6,953) Paydowns, distributions and sales (691) (8,798) — Change in accrued interest and capitalization of paid-in-kind interest — 4,991 — Allowance for credit losses (194) — — Realized and unrealized losses in earnings, net — (199,082) (23,895) Other comprehensive loss (1) (3,309) (33,072) (4,707) Fair value at March 31, 2021 $ 34,665 $ 1,026,209 $ 117,704 Net unrealized gains (losses) on instruments held at March 31, 2021 In earnings $ (194) $ (199,082) $ (24,820) In other comprehensive loss $ (3,309) N/A N/A Fair value at December 31, 2021 $ 36,531 $ 55,878 $ 79,309 Purchases, drawdowns, contributions and accretion 195 — — Paydowns, distributions and sales (36,726) (54,490) (903) Change in accrued interest and capitalization of paid-in-kind interest — (1,013) — Realized and unrealized losses in earnings, net — (375) — Other comprehensive loss (1) — — (1,721) Fair value at March 31, 2022 $ — $ — $ 76,685 Net unrealized gains (losses) on instruments held at March 31, 2022 In earnings $ — $ — $ — In other comprehensive loss $ — N/A N/A __________ (1) Amounts recorded in OCI for loans receivable and equity method investments represent foreign currency translation differences on the Company's foreign subsidiaries that hold the respective foreign currency denominated investments. The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss) for loans receivable and equity method earnings (losses) for equity method investments. Fair Value Option (In thousands) Loans Held for Investment Equity Method Investments Fair value at December 31, 2020 $ 36,798 $ 28,540 Change in accrued interest and capitalization of paid-in-kind interest (245) — Realized and unrealized gain in earnings, net 270 8,260 Fair value at March 31, 2021 $ 36,823 $ 36,800 Net unrealized gains (losses) in earnings on instruments held at March 31, 2021 $ — $ 8,260 Fair value at December 31, 2021 $ 82,930 $ — Purchases, originations, drawdowns and contributions 360,990 — Paydowns, distributions and sales (112,500) — Change in accrued interest and capitalization of paid-in-kind interest (650) — Realized and unrealized loss in earnings, net (2,815) — Fair value at March 31, 2022 $ 327,955 $ — Net unrealized loss in earnings on instruments held at March 31, 2022 $ (2,815) $ —
Summary of Fair Value Information on Financial Instruments Reported at Cost	Fair value of financial instruments reported at amortized cost, excluding those held for disposition, are presented below. Fair Value Measurements Carrying Value (In thousands) Level 1 Level 2 Level 3 Total March 31, 2022 Liabilities Debt at amortized cost Secured fund fee revenue notes $ — $ 285,001 $ — $ 285,001 $ 291,848 Convertible and exchangeable senior notes 457,991 — — 457,991 275,766 Investment-level secured debt — 3,422,265 966,890 4,389,155 4,555,632 December 31, 2021 Liabilities Debt at amortized cost Secured fund fee revenue notes $ — $ — $ 291,394 $ 291,394 $ 291,394 Convertible and exchangeable senior notes 716,970 — — 716,970 334,264 Investment-level secured debt — 3,598,655 655,270 4,253,925 4,234,744

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share Reconciliation	The following table provides the basic and diluted earnings per common share computations: Three Months Ended March 31, (In thousands, except per share data) 2022 2021 Net loss allocated to common stockholders Loss from continuing operations $ (236,286) $ (146,339) Loss from continuing operations attributable to noncontrolling interests 82,817 60,550 Loss from continuing operations attributable to DigitalBridge Group, Inc. $ (153,469) $ (85,789) Loss from discontinued operations attributable to DigitalBridge Group, Inc. (93,088) (160,501) Preferred dividends (15,759) (18,516) Net loss attributable to common stockholders (262,316) (264,806) Net income allocated to participating securities — — Net loss allocated to common stockholders—basic (262,316) (264,806) Interest expense attributable to convertible and exchangeable notes (1) — — Net loss allocated to common stockholders—diluted $ (262,316) $ (264,806) Weighted average common shares outstanding Weighted average number of common shares outstanding—basic 569,940 474,899 Weighted average effect of dilutive shares (1)(2)(3) — — Weighted average number of common shares outstanding—diluted 569,940 474,899 Loss per share—basic Loss from continuing operations $ (0.30) $ (0.22) Loss from discontinued operations (0.16) (0.34) Net loss attributable to common stockholders per common share—basic $ (0.46) $ (0.56) Loss per share—diluted Loss from continuing operations $ (0.30) $ (0.22) Loss from discontinued operations (0.16) (0.34) Net loss attributable to common stockholders per common share—diluted $ (0.46) $ (0.56) __________ (1) With respect to the assumed conversion or exchange of the Company's outstanding senior notes, the following are excluded from the calculation of diluted earnings per share as their inclusion would be antidilutive: (a) for the three months ended March 31, 2022 and 2021, the effect of adding back $138.0 million of debt extinguishment loss (Note 8) and interest expense and $7.7 million of interest expense, respectively, and 66,323,000 and 144,576,000 of weighted average dilutive common share equivalents, respectively. (2) The calculation of diluted earnings per share excludes the effect of the following as their inclusion would be antidilutive: (a) class A common shares that are contingently issuable in relation to performance stock units (Note 17) with weighted average shares of 8,657,000 and 10,395,900 for the three months ended March 31, 2022 and 2021, respectively; and (b) class A common shares that are issuable to net settle the exercise of warrants (Note 10) with weighted average shares of 11,751,000 and 7,680,900 for the three months ended March 31, 2022 and 2021, respectively. (3) OP Units may be redeemed for registered or unregistered class A common stock on a one-for-one basis and are not dilutive. At March 31, 2022 and 2021, 50,915,500 and 51,532,800 of OP Units, respectively, were not included in the computation of diluted earnings per share in the respective periods presented.

Fee Income (Tables)

Fee Income (Tables)	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Schedule of Asset Management and Other Fees	The following table presents the Company's fee income by type, excluding amounts classified as discontinued operations (Note 12): Three Months Ended March 31, (In thousands) 2022 2021 Management fees $ 42,191 $ 27,739 Incentive fees 2 594 Other fees 644 1,110 Total fee income—affiliates $ 42,837 $ 29,443

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Components of Share-Based Compensation	Fair value of PSUs, including dividend equivalent rights, was determined using a Monte Carlo simulation under a risk-neutral premise, with the following assumptions: 2022 PSU Grants 2021 PSU Grants 2020 PSU Grants Expected volatility of the Company's class A common stock (1) 32.4% 35.4% 34.1% Expected annual dividend yield (2) 0.0% 0.0% 9.3% Risk-free rate (per annum) (3) 2.0% 0.3% 0.4% __________ (1) Based upon the historical volatility of the Company's stock and those of a specified peer group. (2) Based upon the Company's expected annualized dividends. Expected dividend yield is zero for the 2022 and 2021 PSU award as the Company suspended common dividends beginning with the second quarter of 2020. (3) Based upon the continuously compounded zero-coupon U.S. Treasury yield for the term coinciding with the remaining measurement period of the award as of valuation date. The following assumptions were applied in the Monte Carlo model under a risk-neutral premise: 2019 LTIP Grant (1) Expected volatility of the Company's class A common stock (2) 28.3% Expected dividend yield (3) 8.1% Risk-free rate (per annum) (4) 1.8% __________ (1) Represents 10 million LTIP units granted to the Company's Chief Executive Officer, Marc Ganzi, in connection with the Company's acquisition of Digital Bridge Holdings, LLC in July 2019, with vesting based upon achievement of the Company's class A common stock price closing at or above $10 over any 90 consecutive trading days prior to the fifth anniversary of the grant date. (2) Based upon historical volatility of the Company's stock and those of a specified peer group. (3) Based upon the Company's most recently issued dividend prior to grant date and closing price of the Company's class A common stock on grant date. (4) Based upon the continuously compounded zero-coupon US Treasury yield for the term coinciding with the measurement period of the award as of valuation date. Equity-based compensation expense, excluding amounts related to businesses presented as discontinued operations (Note 12), is as follows: Three Months Ended March 31, (In thousands) 2022 2021 Compensation expense (including $37 and $1,064 related to dividend equivalent rights) $ 9,731 $ 15,906
Nonvested Shares Under Director Stock Plan and Equity Incentive Plan	Changes in the Company’s unvested equity awards are summarized below: Weighted Average Grant Date Fair Value Restricted Stock LTIP Units (1) DSUs RSUs (2) PSUs (3) Total PSUs All Other Awards Unvested shares and units at December 31, 2021 8,190,263 10,461,256 101,748 9,589,564 10,487,396 38,830,227 $ 3.69 $ 2.51 Granted 3,770,706 — — — 742,696 4,513,402 7.62 6.92 Vested (3,053,570) (461,256) — — (1,233,911) (4,748,737) 4.38 4.33 Forfeited (13,676) — — — (2,138,743) (2,152,419) 1.82 5.79 Unvested shares and units at March 31, 2022 8,893,723 10,000,000 101,748 9,589,564 7,857,438 36,442,473 4.46 2.87 __________ (1) Represents the number of LTIP units granted subject to vesting upon achievement of market condition. LTIP units that do not meet the market condition within the measurement period will be forfeited. (2) Represents the number of RSUs granted subject to vesting upon achievement of performance condition. RSUs that do not meet the performance condition at the end of the measurement period will be forfeited. (3) Number of PSUs granted does not reflect potential increases or decreases that could result from the final outcome of the total shareholder return measured at the end of the performance period. PSUs for which the total shareholder return was not met at the end of the performance period are forfeited.

Transactions with Affiliates (T

Transactions with Affiliates (Tables)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Summary of Related Party Disclosures	Amounts due from and due to affiliates consist of the following, excluding amounts related to discontinued operations that are presented as assets held for disposition (Note 11): (In thousands) March 31, 2022 December 31, 2021 Due from Affiliates Investment vehicles, portfolio companies and unconsolidated ventures Fee income $ 41,596 $ 41,859 Cost reimbursements and recoverable expenses 8,641 7,317 Employees and other affiliates 150 54 $ 50,387 $ 49,230

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Summary of Operating Results and Net Investments for Each of Reportable Operating Segment	The following table summarizes results of operations of the Company's reportable segments, including selected income and expense items, reconciled to the consolidated statement of operations. (In thousands) Digital Investment Management Digital Operating Corporate and Other Total Three Months Ended March 31, 2022 Total revenues $ 44,893 $ 202,522 $ 10,044 $ 257,459 Property operating expense — 84,003 — 84,003 Interest expense 2,502 36,184 5,344 44,030 Depreciation and amortization 5,276 122,891 400 128,567 Equity method earnings (losses), including carried interest (31,062) — 19,190 (11,872) Income tax benefit (expense) (2,374) 330 9,457 7,413 Loss from continuing operations (9,143) (74,141) (153,002) (236,286) Net loss from continuing operations attributable to DigitalBridge Group, Inc. (7,602) (12,824) (133,043) (153,469) Net loss from discontinued operations attributable to DigitalBridge Group, Inc. (93,088) Net loss attributable to DigitalBridge Group, Inc. $ (246,557) Three Months Ended March 31, 2021 Total revenues $ 31,120 $ 189,202 $ 259 $ 220,581 Property operating expense — 79,862 — 79,862 Interest expense — 31,132 8,648 39,780 Depreciation and amortization 6,267 122,221 10,937 139,425 Equity method losses, including carried interest (195) — (16,444) (16,639) Income tax benefit (expense) (2,645) 12,268 13,573 23,196 Income (loss) from continuing operations 7,663 (64,260) (89,742) (146,339) Net income (loss) from continuing operations attributable to DigitalBridge Group, Inc. 6,879 (10,074) (82,594) (85,789) Net loss from discontinued operations attributable to DigitalBridge Group, Inc. (160,501) Net loss attributable to DigitalBridge Group, Inc. $ (246,290)
Assets and Equity Method Investments of Reportable Segments	Total assets and equity method investments of reportable segments are summarized as follows: March 31, 2022 December 31, 2021 (In thousands) Total Assets Equity Method Investments Total Assets Equity Method Investments Digital Investment Management $ 596,425 $ 108,616 $ 655,152 $ 140,027 Digital Operating 8,209,995 — 7,608,451 — Other 2,274,430 546,453 2,257,598 533,069 11,080,850 655,069 10,521,201 673,096 Assets held for disposition related to discontinued operations 151,307 147,514 3,676,615 182,552 $ 11,232,157 $ 802,583 $ 14,197,816 $ 855,648

Supplemental Disclosure of Ca_2

Supplemental Disclosure of Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Three Months Ended March 31, (In thousands) 2022 2021 Supplemental Disclosure of Cash Flow Information Cash paid for interest, net of amounts capitalized of $78 and $204 $ 70,065 $ 126,892 Cash received (paid) for income tax, net (328) 2,123 Operating lease payments 15,650 16,781 Finance lease payments 3,916 3,820 Supplemental Disclosure of Cash Flows from Discontinued Operations Net cash used in operating activities of discontinued operations $ (5,488) $ (9,510) Net cash provided by (used in) investing activities of discontinued operations (86,387) 12,004 Net cash used in financing activities of discontinued operations (12,653) (18,984) Supplemental Disclosure of Noncash Investing and Financing Activities Dividends and distributions payable $ 15,759 $ 18,516 Improvements in operating real estate in accrued and other liabilities 9,910 6,268 Receivable from loan repayments and asset sales 14,009 — Operating lease right-of-use assets and lease liabilities established 1,498 7,170 Redemption of OP Units for common stock 2 16 Exchange of notes into shares of Class A common stock 60,317 — Seller Note received in sale of the equity of NRF Holdco 154,992 — Assets disposed in sale of equity of investment entities or sale by receiver (Note 12) 3,420,783 2,814,793 Liabilities disposed in sale of equity of investment entities or sale by receiver (Note 12) 3,144,700 2,840,065 Noncontrolling interests of investment entities deconsolidated (1) 215,777 22,413 __________ (1) Represents deconsolidation of noncontrolling interests upon sale of the Company's equity interests in investment entities (Note 12).

Business and Organization (Deta

Business and Organization (Details) - DigitalBridge Operating Company	3 Months Ended
	Mar. 31, 2022
Certain Employees
Business Acquisition [Line Items]
Senior management ownership percent	8.00%
Parent
Business Acquisition [Line Items]
General partner ownership percent	92.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
OP units to common stock, conversion ratio	1

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) € in Millions, $ in Millions, $ in Millions	Mar. 31, 2022USD ($)tenantLeasedataCenter	Mar. 31, 2022USD ($)tenantLeasedataCenter	Feb. 28, 2022USD ($)	Jan. 31, 2022USD ($)	Sep. 30, 2021USD ($)	Feb. 28, 2021USD ($)dataCenter	Jun. 30, 2022EUR (€)	Mar. 31, 2022USD ($)tenantLeasedataCenter	Sep. 30, 2021USD ($)	Dec. 31, 2022AUD ($)	Dec. 31, 2021USD ($)tenantLease
AMP Capital Investors International Holdings Limited
Business Acquisition [Line Items]
Acquisition price	$ 327
Business combination, contingent consideration	129
AMP Capital Investors International Holdings Limited | Forecast
Business Acquisition [Line Items]
Acquisition price										$ 458
Business combination, contingent consideration										$ 180
TowerCo
Business Acquisition [Line Items]
Acquisition price	820
Equity consideration	504
TowerCo | Forecast
Business Acquisition [Line Items]
Acquisition price | €							€ 745
Equity consideration | €							€ 458
Minimum | In-Place Lease
Business Acquisition [Line Items]
Useful life								1 year
Minimum | Above and Below Market Lease
Business Acquisition [Line Items]
Useful life								1 year
Discount rate for projected net cash flow								6.00%
Minimum | Customer relationships and service contracts
Business Acquisition [Line Items]
Useful life								9 years
Discount rate for projected net cash flow								5.50%
Minimum | Building
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life								35 years
Minimum | Site improvements
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life								15 years
Minimum | Data center infrastructure
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life								11 years
Maximum | In-Place Lease
Business Acquisition [Line Items]
Useful life								15 years
Maximum | Above and Below Market Lease
Business Acquisition [Line Items]
Useful life								4 years
Discount rate for projected net cash flow								11.25%
Maximum | Customer relationships and service contracts
Business Acquisition [Line Items]
Useful life								15 years
Discount rate for projected net cash flow								11.50%
Maximum | Building
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life								50 years
Maximum | Site improvements
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life								20 years
Maximum | Data center infrastructure
Business Acquisition [Line Items]
Plant, property and equipment acquired, useful life								20 years
Vantage SDC Expansion Capacity
Business Acquisition [Line Items]
Purchase price					$ 404.5
Asset acquisition, contingent consideration	$ 265
Vantage SDC Santa Clara
Business Acquisition [Line Items]
Asset acquisition, contingent consideration					$ 56.9
zColo Colocation Data Centers
Business Acquisition [Line Items]
Purchase price			$ 17.6			$ 33
Number of data centers acquired | dataCenter	4	4				5		4
DataBank Data Centers
Business Acquisition [Line Items]
Purchase price		$ 87		$ 32
DataBank Data Centers | DataBank
Business Acquisition [Line Items]
Purchase price		670
Debt assumed		262.5
Equity consideration transferred		$ 407.5
DataBank
Business Acquisition [Line Items]
Purchase price									$ 38.5
Affiliated Entity
Business Acquisition [Line Items]
Number of tenant leases | tenantLease	5	5						5			11
Affiliated Entity | Vantage SDC Expansion Capacity
Business Acquisition [Line Items]
Purchase price								$ 36.2			$ 100.8

Acquisitions - Allocation of Co

Acquisitions - Allocation of Consideration Transferred (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
DataBank And zColo United States
Asset Acquisition [Line Items]
Real estate	$ 616,563	$ 38,500
Intangible assets	77,885	0
Lease right-of-use ("ROU") and other assets	3,994	0
Intangible, lease and other liabilities	(2,839)	0
Fair value of net assets acquired	695,603	38,500
Vantage SDC Expansion Capacity
Asset Acquisition [Line Items]
Real estate	30,736	479,587
Intangible assets	5,485	82,603
Lease right-of-use ("ROU") and other assets	0	0
Intangible, lease and other liabilities	0	(56,889)
Fair value of net assets acquired	$ 36,221	505,301
zColo France
Asset Acquisition [Line Items]
Real estate		26,083
Intangible assets		8,702
Lease right-of-use ("ROU") and other assets		9,536
Intangible, lease and other liabilities		(11,303)
Fair value of net assets acquired		$ 33,018

Real Estate - Components of Rea

Real Estate - Components of Real Estate (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Land	$ 253,633	$ 206,588
Buildings and improvements	1,520,535	1,295,204
Data center infrastructure	4,213,917	3,785,561
Construction in progress	111,017	77,014
Real estate held for investment, gross	6,099,102	5,364,367
Less: Accumulated depreciation	(471,030)	(392,083)
Real estate assets, net	$ 5,628,072	$ 4,972,284

Real Estate - Narrative (Detail

Real Estate - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue Benchmark | Customer Concentration Risk | Parent
Real Estate [Line Items]
Tenant concentration	8.40%	9.10%
Tenant | Revenue Benchmark | Customer Concentration Risk
Real Estate [Line Items]
Tenant concentration	18.70%	16.90%
Property operating income | Held for investment
Real Estate [Line Items]
Depreciation	$ 79.1	$ 68.1

Real Estate - Components of Pro

Real Estate - Components of Property Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fixed lease income
Revenue from External Customer [Line Items]
Income	$ 160,324	$ 150,429
Variable lease income
Revenue from External Customer [Line Items]
Income	23,847	23,186
Lease income:
Revenue from External Customer [Line Items]
Income	184,171	173,615
Data center service revenue
Revenue from External Customer [Line Items]
Income	18,340	15,387
Property operating income
Revenue from External Customer [Line Items]
Income	$ 202,511	$ 189,002

Equity Investments - Summary of

Equity Investments - Summary of Investments and Debt Securities (Details) $ in Thousands, unit in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)shares	Dec. 31, 2021USD ($)unitshares
Equity method investments
Equity method investments	$ 655,069	$ 673,096
Other equity investments
Total other equity investments	940,601	935,153
Marketable securities (Note 13) | Level 1
Other equity investments
Marketable securities (Note 13)	197,715	201,912
BRSP
Equity method investments
Equity method investments	$ 291,695	$ 284,985
Other equity investments
Shares owned in equity method investee (in shares) | shares	35,000,000
BRSP | NRF
Other equity investments
Shares owned in equity method investee (in shares) | shares		461,000
Units owned in equity method investee (in units) | unit		3.1
Company-sponsored private funds
Equity method investments
Equity method investments	$ 358,468	$ 382,694
Other equity investments
Unrealized carried interest	80,800	112,000
Other
Equity method investments
Equity method investments	4,906	5,417
Other equity investments
Private funds and non-traded REIT	40,624	10,570
Private funds and non-traded REIT
Other equity investments
Private funds and non-traded REIT	$ 47,193	$ 49,575

Equity Investments - Narrative

Equity Investments - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended
	Aug. 31, 2021	Apr. 30, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Proceeds from sale of equity investments			$ 194,524	$ 90,509
BRSP
Schedule of Equity Method Investments [Line Items]
Ownership percentage			26.40%		29.00%
Minimum ownership percentage		10.00%
Real estate debt investments | Investment Commitments
Schedule of Equity Method Investments [Line Items]
Other commitments			$ 24,700
Real estate debt investments | Investment Commitments | Parent
Schedule of Equity Method Investments [Line Items]
Other commitments			5,800
Real estate debt investments | Warehoused Loans Unsettled Trades
Schedule of Equity Method Investments [Line Items]
Other commitments			55,900
Real estate debt investments | Warehoused Loans Unfunded Lending Commitments
Schedule of Equity Method Investments [Line Items]
Other commitments			$ 19,800
Real estate debt investments | Warehoused Loans
Schedule of Equity Method Investments [Line Items]
Other commitments, funding percentage			75.00%
Company sponsored funds
Schedule of Equity Method Investments [Line Items]
Unfunded lending commitment			$ 91,200
BRSP
Schedule of Equity Method Investments [Line Items]
Shares owned in equity method investee (in shares)			35,000,000
Equity method investment, shares sold (in shares)	9,487,500
Proceeds from sale of equity investments	$ 81,800
Equity method investment, gain on sale	$ 7,600
Proportionate share of loan loss provisions and impairments not recognized			$ 14,100	$ 24,600
Basis difference			$ 153,200

Goodwill, Deferred Leasing Co_3

Goodwill, Deferred Leasing Costs and Other Intangibles - Goodwill By Reportable Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Total goodwill	$ 761,368	$ 761,368
Goodwill deductible for tax purposes	130,300	133,000
Digital Investment Management
Goodwill [Line Items]
Total goodwill	298,248	298,248
Digital Operating
Goodwill [Line Items]
Total goodwill	$ 463,120	$ 463,120

Goodwill, Deferred Leasing Co_4

Goodwill, Deferred Leasing Costs and Other Intangibles - Deferred Leasing Costs, Other Intangible Assets and Intangible Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deferred Leasing Costs and Intangible Assets
Carrying Amount (Net of Impairment)	$ 1,648,735	$ 1,563,912
Accumulated Amortization	(423,248)	(376,285)
Net Carrying Amount	1,225,487	1,187,627
Intangible Liabilities
Carrying Amount (Net of Impairment)	46,610	44,076
Accumulated Amortization	(12,151)	(10,775)
Net Carrying Amount	34,459	33,301
Deferred leasing costs and lease intangible assets
Deferred Leasing Costs and Intangible Assets
Carrying Amount (Net of Impairment)	1,233,164	1,148,441
Accumulated Amortization	(292,479)	(256,987)
Net Carrying Amount	940,685	891,454
Investment management intangibles
Deferred Leasing Costs and Intangible Assets
Carrying Amount (Net of Impairment)	164,189	164,189
Accumulated Amortization	(66,490)	(61,435)
Net Carrying Amount	97,699	102,754
Customer relationships and service contracts
Deferred Leasing Costs and Intangible Assets
Carrying Amount (Net of Impairment)	218,164	218,064
Accumulated Amortization	(49,335)	(44,496)
Net Carrying Amount	168,829	173,568
Trade name
Deferred Leasing Costs and Intangible Assets
Carrying Amount (Net of Impairment)	26,400	26,400
Accumulated Amortization	(12,364)	(11,266)
Net Carrying Amount	14,036	15,134
Other
Deferred Leasing Costs and Intangible Assets
Carrying Amount (Net of Impairment)	6,818	6,818
Accumulated Amortization	(2,580)	(2,101)
Net Carrying Amount	$ 4,238	$ 4,717

Goodwill, Deferred Leasing Co_5

Goodwill, Deferred Leasing Costs and Other Intangibles - Amortization of Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Net decrease to rental income	$ (131)	$ (695)
Amortization expense	45,251	70,852
Deferred leasing costs and lease-related intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization expense	33,707	42,485
Investment management intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization expense	5,055	6,114
Customer relationships and service contracts
Finite-Lived Intangible Assets [Line Items]
Amortization expense	4,914	9,837
Trade name
Finite-Lived Intangible Assets [Line Items]
Amortization expense	1,098	11,952
Other
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 477	$ 464

Goodwill, Deferred Leasing Co_6

Goodwill, Deferred Leasing Costs and Other Intangibles - Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2022USD ($)
Net increase (decrease) to rental income
Remaining 2022	$ (259)
2023	(872)
2024	(1,538)
2025	(1,392)
2026	(1,310)
2027 and thereafter	794
Total	(4,577)
Amortization expense
Remaining 2022	141,475
2023	149,706
2024	118,269
2025	107,660
2026	121,539
2027 and thereafter	547,802
Total	$ 1,186,451

Restricted Cash, Other Assets_3

Restricted Cash, Other Assets and Other Liabilities - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Straight-line rents	$ 29,214	$ 25,516
Investment deposits and pending deal costs	14,585	22,238
Prefunded capital expenditures for Vantage SDC	19,574	24,293
Derivative assets	5,176	944
Prepaid taxes and deferred tax assets, net	37,350	29,347
Receivables from resolution of investment	10,499	10,463
Operating lease right-of-use asset, net	344,583	349,509
Finance lease right-of-use asset, net	128,997	131,909
Accounts receivable, net	94,294	83,878
Prepaid expenses	25,078	20,303
Other assets	18,764	24,835
Fixed assets, net	18,062	17,160
Total other assets	746,176	740,395
Accumulated depreciation	$ 20,500	$ 19,200

Restricted Cash, Other Assets_4

Restricted Cash, Other Assets and Other Liabilities - Schedule of Accrued and Other Liabilities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred income	$ 45,398,000		$ 37,143,000
Interest payable	15,522,000		14,870,000
Derivative liabilities	4,943,000		0
Current and deferred income tax liability	2,534,000		2,016,000
Operating lease liability	334,943,000		342,510,000
Finance lease liability	141,032,000		142,777,000
Accrued compensation	48,269,000		64,100,000
Accrued carried interest and incentive fee compensation	42,710,000		67,258,000
Accrued real estate and other taxes	13,393,000		10,523,000
Payable for Vantage SDC expansion capacity (Note 3)	57,707,000		55,896,000
Accounts payable and accrued expenses	114,682,000		121,931,000
Other liabilities	75,120,000		69,018,000
Accrued and other liabilities	896,253,000		928,042,000
Deferred asset management fee income	4,500,000		$ 6,000,000
Deferred investment management fees recognized	$ 2,400,000	$ 100,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Fee income, weighted-average recognition period			3 years 2 months 12 days
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Fee income, weighted-average recognition period	4 years

Restricted Cash, Other Assets_5

Restricted Cash, Other Assets and Other Liabilities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restricted Cash, Other Assets And Other Liabilities [Abstract]
Deferred tax assets, capital loss and NOL carryforwards	$ 400,000
Income tax benefit	$ 7,413	$ 23,196

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal	$ 5,187,597	$ 4,922,722
Long-term debt	5,123,246	4,860,402
Carrying Value
Debt Instrument [Line Items]
Principal	5,187,597	4,922,722
Premium (discount), net	14,264	14,538
Deferred financing costs	(78,615)	(76,858)
Long-term debt	5,123,246	4,860,402
Carrying Value | Secured Debt
Debt Instrument [Line Items]
Principal	4,609,175	4,283,983
Premium (discount), net	15,900	17,629
Deferred financing costs	(69,443)	(66,868)
Long-term debt	4,555,632	4,234,744
Carrying Value | Secured Debt | Series 2021-1 Notes
Debt Instrument [Line Items]
Principal	300,000	300,000
Premium (discount), net	0	0
Deferred financing costs	(8,152)	(8,606)
Long-term debt	291,848	291,394
Carrying Value | Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Principal	278,422	338,739
Premium (discount), net	(1,636)	(3,091)
Deferred financing costs	(1,020)	(1,384)
Long-term debt	$ 275,766	$ 334,264

Debt - Components of Debt (Deta

Debt - Components of Debt (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Feb. 28, 2022
Debt Instrument [Line Items]
Outstanding Principal	$ 5,187,597	$ 4,922,722
Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	578,422	638,739
Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	4,609,175	4,283,983
Fixed Rate
Debt Instrument [Line Items]
Outstanding Principal	4,223,330	4,285,205
Fixed Rate | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	578,422	638,739
Fixed Rate | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	3,644,908	3,646,466
Variable Rate
Debt Instrument [Line Items]
Outstanding Principal	964,267	637,517
Variable Rate | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	0	0
Variable Rate | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	964,267	637,517
Convertible and Exchangeable Senior Notes | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 278,422	$ 338,739
Weighted Average Interest Rate (Per Annum)	5.21%	5.31%
Weighted Average Years Remaining to Maturity	1 year 8 months 12 days	2 years 2 months 12 days
Convertible and Exchangeable Senior Notes | Senior Notes 5.375 Percent Due June 2033
Debt Instrument [Line Items]
Interest rate	5.375%		5.375%
Convertible and Exchangeable Senior Notes | Fixed Rate | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 278,422	$ 338,739
Weighted Average Interest Rate (Per Annum)	5.21%	5.31%
Weighted Average Years Remaining to Maturity	1 year 8 months 12 days	2 years 2 months 12 days
Convertible and Exchangeable Senior Notes | Variable Rate | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 0	$ 0
Secured Debt | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 300,000	$ 300,000
Weighted Average Interest Rate (Per Annum)	3.93%	3.93%
Weighted Average Years Remaining to Maturity	4 years 6 months	4 years 8 months 12 days
Secured Debt | Digital Operating | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	$ 4,478,675	$ 4,217,483
Weighted Average Interest Rate (Per Annum)	2.92%	2.88%
Weighted Average Years Remaining to Maturity	3 years 8 months 12 days	4 years 1 month 6 days
Secured Debt | Other | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	$ 130,500	$ 66,500
Weighted Average Interest Rate (Per Annum)	2.07%	1.31%
Weighted Average Years Remaining to Maturity	1 year 4 months 24 days	1 year 7 months 6 days
Secured Debt | Fixed Rate | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 300,000	$ 300,000
Weighted Average Interest Rate (Per Annum)	3.93%	3.93%
Weighted Average Years Remaining to Maturity	4 years 6 months	4 years 8 months 12 days
Secured Debt | Fixed Rate | Digital Operating | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	$ 3,644,908	$ 3,646,466
Weighted Average Interest Rate (Per Annum)	2.44%	2.44%
Weighted Average Years Remaining to Maturity	3 years 9 months 18 days	4 years 1 month 6 days
Secured Debt | Fixed Rate | Other | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	$ 0	$ 0
Secured Debt | Variable Rate | Recourse Debt
Debt Instrument [Line Items]
Outstanding Principal	0	0
Secured Debt | Variable Rate | Digital Operating | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	$ 833,767	$ 571,017
Weighted Average Interest Rate (Per Annum)	5.04%	5.74%
Weighted Average Years Remaining to Maturity	2 years 10 months 24 days	4 years
Secured Debt | Variable Rate | Other | Non-recourse
Debt Instrument [Line Items]
Outstanding Principal	$ 130,500	$ 66,500
Weighted Average Interest Rate (Per Annum)	2.07%	1.31%
Weighted Average Years Remaining to Maturity	1 year 4 months 24 days	1 year 7 months 6 days

Debt - Securitized Financing Fa

Debt - Securitized Financing Facility Facility (Details) $ in Millions	1 Months Ended
	Apr. 30, 2022USD ($)	Jul. 31, 2021USD ($)extension	Mar. 31, 2022USD ($)
Secured Debt | Series 2021-1 Class A-2 Notes
Line of Credit Facility [Line Items]
Secured debt		$ 300
Interest rate		3.933%
Principal prepayment, percentage		1.00%
Secured Debt | VFN Notes
Line of Credit Facility [Line Items]
Percentage of unused amount		0.50%
Number of extensions | extension		2
Extension term		1 year
Secured Debt | VFN Notes | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate		3.00%
Line of Credit | VFN Notes
Line of Credit Facility [Line Items]
Maximum principal amount of credit facility		$ 300	$ 300
Line of Credit | VFN Notes | Subsequent Event
Line of Credit Facility [Line Items]
Increase in line of credit facility	$ 100

Debt - Convertible and Exchange

Debt - Convertible and Exchangeable Senior Notes (Details) - USD ($) $ / shares in Units, shares in Thousands	1 Months Ended	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Debt Instrument [Line Items]
Convertible and exchangeable senior notes, outstanding principal	$ 278,422,000	$ 278,422,000	$ 338,739,000
Exchange of notes into shares of Class A common stock		60,317,000		$ 0
Loss on extinguishment of exchangeable notes	$ 133,200,000	$ 133,173,000		$ 0
Convertible and Exchangeable Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage of principal amount		100.00%
Convertible and Exchangeable Senior Notes | 5.00% Convertible Senior Notes
Debt Instrument [Line Items]
Interest rate	5.00%	5.00%
Conversion or Exchange Price (in dollars per share)	$ 15.76	$ 15.76
Conversion or Exchange Ratio (in shares)	63.4700	63.4700
Conversion or Exchange Shares (in shares)	12,694	12,694
Convertible and exchangeable senior notes, outstanding principal	$ 200,000,000	$ 200,000,000	200,000,000
Convertible and Exchangeable Senior Notes | 5.75% Exchangeable Senior Notes
Debt Instrument [Line Items]
Interest rate	5.75%	5.75%
Conversion or Exchange Price (in dollars per share)	$ 2.30	$ 2.30
Conversion or Exchange Ratio (in shares)	434.7826	434.7826
Conversion or Exchange Shares (in shares)	34,097	34,097
Convertible and exchangeable senior notes, outstanding principal	$ 78,422,000	$ 78,422,000	138,739,000
Exchange of notes into shares of Class A common stock		221,578,000
Conversion expense			$ 25,100,000
Convertible and exchangeable senior notes
Debt Instrument [Line Items]
Exchange of notes into shares of Class A common stock		$ 1,000

Debt - Schedule of Convertible

Debt - Schedule of Convertible and Exchangeable Senior Notes (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Principal of 5.75% Exchangeable Notes Exchanged	$ 60,317	$ 0
Cash Paid	$ 14,237	$ 31,502
5.75% Exchangeable Senior Notes | Senior Notes
Debt Instrument [Line Items]
Interest rate	5.75%
Principal of 5.75% Exchangeable Notes Exchanged	$ 221,578
Class A Common Stock Issued (in shares)	98,922
Cash Paid	$ 13,887
5.75% Exchangeable Senior Notes | Senior Notes | March 2022 Exchange
Debt Instrument [Line Items]
Principal of 5.75% Exchangeable Notes Exchanged	$ 60,317
Class A Common Stock Issued (in shares)	25,557
Cash Paid	$ 13,887
5.75% Exchangeable Senior Notes | Senior Notes | October And November 2021 Exchange
Debt Instrument [Line Items]
Principal of 5.75% Exchangeable Notes Exchanged	$ 161,261
Class A Common Stock Issued (in shares)	73,365
Cash Paid	$ 0

Debt - Investment-Level Secured

Debt - Investment-Level Secured Debt (Details) - USD ($) $ in Millions	1 Months Ended
	Nov. 30, 2021	Oct. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Secured Debt | Digital Operating | Securitized Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 530	$ 332		$ 657.9
Maturity	5 years	5 years
Interest rate	2.17%	2.43%		2.32%
Debt instrument, refinance amount				$ 514
Line of Credit | Other | Revolving Credit Facility
Debt Instrument [Line Items]
Amount available to be drawn			$ 169.5

Stockholders' Equity - Preferre

Stockholders' Equity - Preferred and Common Stock Outstanding (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share Activities Of Preferred And Common Stock [Roll Forward]
Preferred stock, beginning balance, shares outstanding (in shares)	35,340
Preferred stock, ending balance, shares outstanding (in shares)	35,340
Preferred Stock
Share Activities Of Preferred And Common Stock [Roll Forward]
Preferred stock, beginning balance, shares outstanding (in shares)	35,340	41,350
Preferred stock, ending balance, shares outstanding (in shares)	35,340	41,350
Class A Common Stock
Share Activities Of Preferred And Common Stock [Roll Forward]
Common stock, beginning balance, shares outstanding (in shares)	568,577	483,406
Exchange of notes for class A common stock (in shares)	25,557
Equity awards issued, net of forfeitures (in shares)	4,992	4,839
Shares canceled for tax withholding on vested stock awards (in shares)	(1,647)	(1,147)
Common stock, ending balance, shares outstanding (in shares)	597,480	487,103
Class A Common Stock | OP Units
Share Activities Of Preferred And Common Stock [Roll Forward]
Shares issued upon redemption of OP Units (in shares)	1	5
Class B Common Stock
Share Activities Of Preferred And Common Stock [Roll Forward]
Common stock, beginning balance, shares outstanding (in shares)	666	734
Common stock, ending balance, shares outstanding (in shares)	666	734

Stockholders' Equity - Prefer_2

Stockholders' Equity - Preferred Stock (Details) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended	3 Months Ended
	Nov. 30, 2021	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Preferred stock, shares outstanding (in shares)		35,340	35,340
Par Value		$ 353
Liquidation Preference		$ 883,500	$ 883,500
Series H
Class of Stock [Line Items]
Dividend Rate Per Annum	7.125%	7.125%
Preferred stock, shares outstanding (in shares)		8,940
Par Value		$ 89
Liquidation Preference		$ 223,500
Series I
Class of Stock [Line Items]
Dividend Rate Per Annum		7.15%
Preferred stock, shares outstanding (in shares)		13,800
Par Value		$ 138
Liquidation Preference		$ 345,000
Series J
Class of Stock [Line Items]
Dividend Rate Per Annum		7.125%
Preferred stock, shares outstanding (in shares)		12,600
Par Value		$ 126
Liquidation Preference		$ 315,000

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Millions	1 Months Ended			3 Months Ended	12 Months Ended
	Nov. 30, 2021USD ($)shares	Aug. 31, 2021USD ($)	Apr. 30, 2015	Mar. 31, 2022votingRightPerSharequarterdirector$ / sharesshares	Dec. 31, 2021shares	Dec. 31, 2020shares	Jan. 31, 2020$ / shares
Class of Stock [Line Items]
Redemption amount per share (in dollars per share) | $ / shares				$ 25
Minimum period of dividend defaults providing preferred stockholders to voting rights | quarter				6
Number of directors vote entitles | director				2
Minimum affirmative vote required for changes to any series of preferred stock				66.67%
Preferred Stock
Class of Stock [Line Items]
Liquidation preference per share (in dollars per share) | $ / shares							$ 25
Class A Common Stock
Class of Stock [Line Items]
Voting rights attributable to each share | votingRightPerShare				1
Common stock conversion ratio for Class A to Class B / OP units			1
Class A common stock acquired under the DRIP Plan (in shares) | shares				0	0	0
Class B Common Stock
Class of Stock [Line Items]
Voting rights attributable to each share | votingRightPerShare				36.5
Series H
Class of Stock [Line Items]
Dividend Rate Per Annum	7.125%			7.125%
Redemption of preferred stock | $	$ 64.4
Redemption of preferred stock (in shares) | shares	2,560,000
Series G Preferred Stock
Class of Stock [Line Items]
Dividend Rate Per Annum		7.50%
Redemption of preferred stock | $		$ 86.8

Stockholders' Equity - Accumula

Stockholders' Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 4,912,390	$ 6,984,590
Ending balance	4,122,943	6,350,337
AOCI - Stockholders
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	42,383	122,123
Other comprehensive loss before reclassifications	(2,889)	(21,300)
Amounts reclassified from AOCI	(26,741)	233
Ending balance	12,753	101,056
Company's Share in AOCI of Equity Method Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	2,334	17,718
Other comprehensive loss before reclassifications	217	(2,438)
Amounts reclassified from AOCI	(200)	0
Ending balance	2,351	15,280
Unrealized Gain (Loss) on AFS Debt Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	5,861	6,072
Other comprehensive loss before reclassifications	0	(2,992)
Amounts reclassified from AOCI	(5,861)	0
Ending balance	0	3,080
Unrealized Gain (Loss) on Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	0	(233)
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from AOCI	0	233
Ending balance	0	0
Foreign Currency Translation Gain (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	26,502	52,832
Other comprehensive loss before reclassifications	(3,131)	(19,631)
Amounts reclassified from AOCI	(20,680)	0
Ending balance	2,691	33,201
Unrealized Gain (Loss) on Net Investment Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	7,686	45,734
Other comprehensive loss before reclassifications	25	3,761
Amounts reclassified from AOCI	0	0
Ending balance	7,711	49,495
AOCI Attributable to Noncontrolling Interest in Investment Entities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	11,057	97,914
Other comprehensive loss before reclassifications	(2,184)	(37,686)
Amounts reclassified from AOCI	(9,827)	1,030
Ending balance	(954)	61,258
Unrealized Gain (Loss) on Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	0	(1,030)
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from AOCI	0	1,030
Ending balance	0	0
Foreign Currency Translation Gain (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	11,057	83,845
Other comprehensive loss before reclassifications	(2,184)	(37,686)
Amounts reclassified from AOCI	(9,827)	0
Ending balance	(954)	46,159
Unrealized Gain (Loss) on Net Investment Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	0	15,099
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from AOCI	0	0
Ending balance	$ 0	$ 15,099

Stockholders' Equity - Reclassi

Stockholders' Equity - Reclassification Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amount reclassified into earnings	$ (149,881)	$ (9,350)
Equity method earnings (losses)	19,207	(16,417)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Equity method earnings (losses)	200	0
Other gain (loss), net | Relief of basis of AFS debt securities | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amount reclassified into earnings	5,861	0
Other gain (loss), net | Release of foreign currency cumulative translation adjustments | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amount reclassified into earnings	20,680	0
Other gain (loss), net | Realized loss on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amount reclassified into earnings	$ 0	$ (233)

Noncontrolling Interests - Chan

Noncontrolling Interests - Changes in Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 359,223	$ 305,278
Distributions and redemptions	(26,018)	(26,739)
Adjustment to estimated redemption value	690,000	0
Ending balance	1,038,739	315,922
Redeemable noncontrolling interests
Increase (Decrease) in Temporary Equity [Roll Forward]
Contributions	10,150	10,640
Distributions and redemptions	(9,414)	(2,445)
Net income (loss)	$ (11,220)	$ 2,449

Noncontrolling Interests - Narr

Noncontrolling Interests - Narrative (Details) $ / shares in Units, $ in Thousands	1 Months Ended					3 Months Ended		12 Months Ended
	May 31, 2022USD ($)shares	Mar. 31, 2022USD ($)	Jan. 31, 2022USD ($)	Apr. 30, 2021USD ($)	Jul. 31, 2020USD ($)security$ / sharesshares	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)	Dec. 31, 2021shares	Dec. 31, 2020USD ($)	Mar. 30, 2022
Noncontrolling Interest [Line Items]
Payments to acquire noncontrolling interest						$ 32,076	$ 0
Adjustment to estimated redemption value						$ 690,000	$ 0
OP units to common stock, conversion ratio						1
DataBank
Noncontrolling Interest [Line Items]
Assets acquisition, balance sheet investment, equity interest percentage		21.80%				21.80%				20.00%
DataBank Data Centers
Noncontrolling Interest [Line Items]
Purchase price		$ 87,000	$ 32,000
Additional Paid-in Capital
Noncontrolling Interest [Line Items]
Adjustment to estimated redemption value						$ 690,000
OP Units
Noncontrolling Interest [Line Items]
OP units to common stock, conversion ratio								1
OP units redeemed (in shares) | shares						882		2,005,367
Common Stock Warrants | Class A Common Stock
Noncontrolling Interest [Line Items]
Number of warrants issued | security					5
Aggregate percentage of common stock					5.00%
Number of shares called by each warrant | shares					5,352,000
Common Stock Warrants | Class A Common Stock | Minimum
Noncontrolling Interest [Line Items]
Strike price (in dollars per share) | $ / shares					$ 2.43
Common Stock Warrants | Class A Common Stock | Maximum
Noncontrolling Interest [Line Items]
Strike price (in dollars per share) | $ / shares					$ 6
Common Stock Warrants | Class A Common Stock | Maximum | Forecast
Noncontrolling Interest [Line Items]
Aggregate percentage of common stock	9.80%
Wafra, Inc.
Noncontrolling Interest [Line Items]
Carried interest percentage						12.60%
Wafra, Inc. | Forecast
Noncontrolling Interest [Line Items]
Carried interest percentage	7.00%
Payments to acquire noncontrolling interest	$ 390,000
Shares issued to acquire noncontrolling interest | shares	57,741,599
Percentage of shares payable	50.00%
Wafra, Inc. | Forecast | Wafra, Inc.
Noncontrolling Interest [Line Items]
Ownership percentage by co-investment partner	31.50%
Wafra, Inc. | Minimum | Forecast
Noncontrolling Interest [Line Items]
Contingent consideration	$ 90,000
Fee earning equity	4,000,000
Wafra, Inc. | Maximum | Forecast
Noncontrolling Interest [Line Items]
Contingent consideration	125,000
Fee earning equity	$ 6,000,000
Wafra, Inc. | Partnership
Noncontrolling Interest [Line Items]
Participation in net management fees and carried interest					31.50%
Wafra, Inc. | Partnership | Commitments to DCP I
Noncontrolling Interest [Line Items]
Other commitments					$ 124,900
Wafra, Inc. | Partnership | Commitments to DCP II
Noncontrolling Interest [Line Items]
Other commitments					$ 125,000
Digital IM Business
Noncontrolling Interest [Line Items]
Percent of total asset threshold					90.00%
Digital IM Business | Wafra, Inc.
Noncontrolling Interest [Line Items]
Cash consideration					$ 253,600
Contingent consideration				$ 29,900
Run-Rate of EBITDA threshold for contingent consideration									$ 72,000
Contingent consideration, allocation percent						50.00%

Assets and Related Liabilitie_3

Assets and Related Liabilities Held For Disposition - Discontinued Operations (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Feb. 28, 2022	Dec. 31, 2021
Assets
Restricted cash	$ 0		$ 65,022
Real estate, net	0		3,079,416
Loans receivable	0		55,878
Equity and debt investments	149,826		250,246
Deferred leasing costs and other intangible assets, net	0		118,300
Other assets	1,481		100,720
Due from affiliates	0		7,033
Total assets held for disposition	151,307		3,676,615
Liabilities
Debt, net	0		2,869,360
Lease intangibles and other liabilities	758		219,339
Total liabilities related to assets held for disposition	$ 758		$ 3,088,699
Senior Notes 5.375 Percent Due June 2033 | Senior Notes
Liabilities
Interest rate	5.375%	5.375%

Assets and Related Liabilitie_4

Assets and Related Liabilities Held For Disposition - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
N-Star CDO Bonds
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Provision for credit loss	$ 0		$ 200,000
Level 3
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity method investments	76,700,000		79,300,000
Held for disposition
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity investments	2,300,000		31,200,000
Held for disposition | Property operating income | Properties Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment loss	23,800,000	$ 15,200,000	$ 313,400,000
Held for disposition | Nonrecurring
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets, fair value	$ 0

Assets and Related Liabilitie_5

Assets and Related Liabilities Held For Disposition - Summary of N-Star CDO Bonds (Details) - N-Star CDO Bonds $ in Thousands	Dec. 31, 2021USD ($)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost without Allowance for Credit Loss	$ 55,041
Allowance for Credit Loss	(24,882)
Gross cumulative unrealized gains	6,372
Gross cumulative unrealized losses	0
Fair Value	$ 36,531

Assets and Related Liabilitie_6

Assets and Related Liabilities Held For Disposition - Changes in Level 3 Fair Value (Details) - Recurring - Level 3 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AFS Debt Securities Held for Disposition | Discontinued Operations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning	$ 36,531	$ 28,576
Purchases, drawdowns, contributions and accretion	195	10,283
Paydowns, distributions and sales	(36,726)	(691)
Change in accrued interest and capitalization of paid-in-kind interest	0	0
Allowance for credit losses		(194)
Realized and unrealized losses in earnings, net	0	0
Other comprehensive income (loss)	0	(3,309)
Fair value, ending	0	34,665
Net unrealized gains (losses) in earnings on instruments held	0	(194)
AFS Debt Securities Held for Disposition | Other Comprehensive Income | Discontinued Operations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net unrealized gains (losses) in earnings on instruments held	0	(3,309)
Loans Held for Disposition
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning	82,930	36,798
Purchases, drawdowns, contributions and accretion	360,990
Paydowns, distributions and sales	(112,500)
Change in accrued interest and capitalization of paid-in-kind interest	(650)	(245)
Realized and unrealized losses in earnings, net	(2,815)	270
Fair value, ending	327,955	36,823
Net unrealized gains (losses) in earnings on instruments held	(2,815)	0
Loans Held for Disposition | Discontinued Operations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning	55,878	1,258,539
Purchases, drawdowns, contributions and accretion	0	3,631
Paydowns, distributions and sales	(54,490)	(8,798)
Change in accrued interest and capitalization of paid-in-kind interest	(1,013)	4,991
Allowance for credit losses		0
Realized and unrealized losses in earnings, net	(375)	(199,082)
Other comprehensive income (loss)	0	(33,072)
Fair value, ending	0	1,026,209
Net unrealized gains (losses) in earnings on instruments held	0	(199,082)
Equity Method Investments Held for Disposition
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning	0	28,540
Purchases, drawdowns, contributions and accretion	0
Paydowns, distributions and sales	0
Change in accrued interest and capitalization of paid-in-kind interest	0	0
Realized and unrealized losses in earnings, net	0	8,260
Fair value, ending	0	36,800
Net unrealized gains (losses) in earnings on instruments held	0	8,260
Equity Method Investments Held for Disposition | Discontinued Operations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning	79,309	153,259
Purchases, drawdowns, contributions and accretion	0	(6,953)
Paydowns, distributions and sales	(903)	0
Change in accrued interest and capitalization of paid-in-kind interest	0	0
Allowance for credit losses		0
Realized and unrealized losses in earnings, net	0	(23,895)
Other comprehensive income (loss)	(1,721)	(4,707)
Fair value, ending	76,685	117,704
Net unrealized gains (losses) in earnings on instruments held	$ 0	$ (24,820)

Discontinued Operations (Detail

Discontinued Operations (Details) $ in Thousands	1 Months Ended				3 Months Ended
	Feb. 28, 2022USD ($)	Dec. 31, 2021USD ($)	Apr. 30, 2021USD ($)	Mar. 31, 2021security	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)security
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncash divestiture, amount of consideration received					$ 154,992	$ 0
Other income (loss)
Loss from discontinued operations					(107,398)	(481,260)
Loss from discontinued operations attributable to DigitalBridge Group, Inc.					$ (93,088)	(160,501)
BRSP
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash received from termination fee			$ 102,300
Senior Notes 5.375 Percent Due June 2033 | Senior Notes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest rate	5.375%				5.375%
NRF
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest sold (in percent)	100.00%
THL Hotel Portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest sold (in percent)				55.60%
Held for disposition
Revenues
Property operating income					$ 69,202	229,489
Interest income					1,025	5,953
Fee income					4,910	20,198
Other income					5,144	11,137
Revenues from discontinued operations					80,281	266,777
Expenses
Property operating expense					36,669	178,484
Interest expense					112,947	110,722
Transaction-related costs and investment expense					3,347	9,971
Depreciation and amortization					2,339	50,880
Impairment loss					23,802	123,760
Compensation and administrative expense					22,051	28,759
Expenses from discontinued operations					201,155	502,576
Other income (loss)
Gain on sale of real estate					0	45,750
Other loss, net					(624)	(200,043)
Equity method earnings (losses)					11,988	(94,886)
Loss from discontinued operations before income taxes					(109,510)	(484,978)
Income tax benefit					2,112	3,718
Loss from discontinued operations					(107,398)	(481,260)
Loss from discontinued operations attributable to DigitalBridge Group, Inc.					(93,088)	(160,501)
Discontinued Operations, Disposed of by Sale | Exit of Hospitality Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest sold (in percent)				100.00%
Discontinued Operations, Disposed of by Sale | NRF
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction price	$ 281,000
Proceeds from divestiture of business	126,000
Noncash divestiture, amount of consideration received	155,000
Additional cash distribution	$ 35,000
Maturity	5 years
Discontinued Operations, Disposed of by Sale | NRF | Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest sold (in percent)	69.60%
Discontinued Operations, Disposed of by Sale | NRF | Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest sold (in percent)	81.30%
Discontinued Operations, Disposed of by Sale | NRF | Sellers Note | Debt Instrument, Interest Rate Period One
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest rate	5.35%
Discontinued Operations, Disposed of by Sale | NRF | Recourse
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncash divestiture, amount of consideration received	$ 2,570,000
Discontinued Operations, Disposed of by Sale | NRF | Nonrecourse
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncash divestiture, amount of consideration received	$ 293,700
Discontinued Operations, Disposed of by Sale | Other Disposal Group
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of business		$ 443,400
Closing adjustments		$ 31,200
Noncontrolling Interests in Investment Entities | Held for disposition
Other income (loss)
Loss from discontinued operations attributable to:					(6,175)	(303,851)
Noncontrolling Interests in Operating Company | Held for disposition
Other income (loss)
Loss from discontinued operations attributable to:					$ (8,135)	$ (16,908)
Hospitality
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of hotel portfolios owned prior to sale | security				6		6
Hospitality | Discontinued Operations, Disposed of by Sale | Exit of Hospitality Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of hotel portfolios sold | security				5		5

Fair Value - Narrative (Details

Fair Value - Narrative (Details) shares in Thousands	1 Months Ended
	Jun. 30, 2021USD ($)shares	Mar. 31, 2020USD ($)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets			$ 5,176,000	$ 944,000
Derivative liabilities			4,943,000	0
Loans 90 days ore more past due			0	0
Loans on nonaccrual, fair value			4,700,000
Loans on nonaccrual			5,400,000
Equity method investments			655,069,000	673,096,000
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, fair value			504,700,000	173,900,000
Blackwell Capital LLC Joint Venture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock contributed		$ 13,230,000
Investments under fair value option (Note 13)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investments			$ 0	$ 0
Blackwells Capital LLC | Blackwell Capital LLC Joint Venture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock contributed		1,470,000
Profit distribution	$ 47,000,000
Shares received from dissolution | shares	5,950
Joint venture other loss	$ 22,800,000
DigitalBridge Operating Company | Blackwell Capital LLC Joint Venture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock contributed		$ 14,700,000
Level 3 | Loan and interest receivable | Minimum | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input				0.089
Level 3 | Loan and interest receivable | Minimum | Discount rate | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input			0.055
Level 3 | Loan and interest receivable | Maximum | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input				0.100
Level 3 | Loan and interest receivable | Maximum | Discount rate | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input			0.100
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, fair value			$ 328,000,000	$ 82,900,000
Level 1 | Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities			197,715,000	201,912,000
Fair Value Measured at Net Asset Value Per Share | Recurring | Retail Companies, Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative Investment			45,200,000	44,600,000
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, fair value			176,800,000	91,000,000
Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount			1,200,000,000	182,300,000
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount			$ 0	$ 2,000,000,000

Fair Value - Schedule of Realiz

Fair Value - Schedule of Realized and Unrealized Gain (Loss) on Derivatives not Designated as Hedges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Foreign exchange contracts | Net Investment Hedging | Non-Designated Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Realized and unrealized gain (loss) in earnings	$ 1,510	$ (245)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss) transferred from AOCI to earnings and interest expense on interest rate contracts	0	(1,292)
Realized and unrealized loss in earnings	61	(16)
Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss) transferred from AOCI to earnings and interest expense on interest rate contracts	$ 0	$ 20

Fair Value - Changes in Level 3

Fair Value - Changes in Level 3 Fair Value (Details) - Recurring - Level 3 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Loans held for investment, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning	$ 82,930	$ 36,798
Purchases, originations, drawdowns and contributions	360,990
Paydowns, distributions and sales	(112,500)
Change in accrued interest and capitalization of paid-in-kind interest	(650)	(245)
Realized and unrealized losses in earnings, net	(2,815)	270
Fair value, ending	327,955	36,823
Net unrealized gains (losses) in earnings on instruments held	(2,815)	0
Equity Method Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning	0	28,540
Purchases, originations, drawdowns and contributions	0
Paydowns, distributions and sales	0
Change in accrued interest and capitalization of paid-in-kind interest	0	0
Realized and unrealized losses in earnings, net	0	8,260
Fair value, ending	0	36,800
Net unrealized gains (losses) in earnings on instruments held	$ 0	$ 8,260

Fair Value - Estimated Fair Val

Fair Value - Estimated Fair Values and Carrying Values of Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value | Secured Debt
Liabilities
Secured and unsecured debt	$ 4,389,155	$ 4,253,925
Fair Value | Secured Debt | Series 2021-1 Notes
Liabilities
Secured and unsecured debt	285,001	291,394
Fair Value | Convertible and exchangeable senior notes
Liabilities
Secured and unsecured debt	457,991	716,970
Carrying Value | Secured Debt
Liabilities
Secured and unsecured debt	4,555,632	4,234,744
Carrying Value | Secured Debt | Series 2021-1 Notes
Liabilities
Secured and unsecured debt	291,848	291,394
Carrying Value | Convertible and exchangeable senior notes
Liabilities
Secured and unsecured debt	275,766	334,264
Level 1 | Secured Debt
Liabilities
Secured and unsecured debt	0	0
Level 1 | Secured Debt | Series 2021-1 Notes
Liabilities
Secured and unsecured debt	0	0
Level 1 | Convertible and exchangeable senior notes
Liabilities
Secured and unsecured debt	457,991	716,970
Level 2 | Secured Debt
Liabilities
Secured and unsecured debt	3,422,265	3,598,655
Level 2 | Secured Debt | Series 2021-1 Notes
Liabilities
Secured and unsecured debt	285,001	0
Level 2 | Convertible and exchangeable senior notes
Liabilities
Secured and unsecured debt	0	0
Level 3 | Secured Debt
Liabilities
Secured and unsecured debt	966,890	655,270
Level 3 | Secured Debt | Series 2021-1 Notes
Liabilities
Secured and unsecured debt	0	291,394
Level 3 | Convertible and exchangeable senior notes
Liabilities
Secured and unsecured debt	$ 0	$ 0

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Total assets of consolidated private fund	$ 11,232,157	$ 14,197,816
Total liabilities of consolidated private fund	6,070,475	8,926,203
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Exposure to the obligations of the investment entities	51,000	53,100
Total assets of consolidated private fund	238,500	230,600
Total liabilities of consolidated private fund	71,700	63,000
Variable Interest Entity, Not Primary Beneficiary | Securitization Vehicles
Variable Interest Entity [Line Items]
Exposure to the obligations of the investment entities		30,200
Variable Interest Entity, Not Primary Beneficiary | Company-Sponsored Private Funds
Variable Interest Entity [Line Items]
Exposure to the obligations of the investment entities	362,400	382,700
Variable Interest Entity, Not Primary Beneficiary | Company-Sponsored Private Funds | Discontinued Operations
Variable Interest Entity [Line Items]
Exposure to the obligations of the investment entities	$ 46,000	45,400
Variable Interest Entity, Not Primary Beneficiary | The Trust
Variable Interest Entity [Line Items]
Exposure to the obligations of the investment entities		$ 3,700

Earnings per Share (Details)

Earnings per Share (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares	Mar. 31, 2021USD ($)$ / sharesshares
Net loss allocated to common stockholders
Loss from continuing operations	$ (236,286)	$ (146,339)
Loss from continuing operations attributable to noncontrolling interests	82,817	60,550
Loss from continuing operations attributable to DigitalBridge Group, Inc.	(153,469)	(85,789)
Loss from discontinued operations attributable to DigitalBridge Group, Inc.	(93,088)	(160,501)
Preferred dividends	(15,759)	(18,516)
Net loss attributable to common stockholders	(262,316)	(264,806)
Net income allocated to participating securities	0	0
Net loss allocated to common stockholders—basic	(262,316)	(264,806)
Interest expense attributable to convertible and exchangeable notes	0	0
Net loss allocated to common stockholders—diluted	$ (262,316)	$ (264,806)
Weighted average common shares outstanding
Weighted average number of common shares outstanding - basic (in shares) | shares	569,940,000	474,899,000
Weighted average effect of dilutive shares (in shares) | shares	0	0
Weighted average number of common shares outstanding - diluted (in shares) | shares	569,940,000	474,899,000
Loss per share—basic
Loss from continuing operations (in dollars per share) | $ / shares	$ (0.30)	$ (0.22)
Loss from discontinued operations (in dollars per share) | $ / shares	(0.16)	(0.34)
Net loss attributable to common stockholders per common shares - basic (in dollars per share) | $ / shares	(0.46)	(0.56)
Loss per share—diluted
Loss from continuing operations (in dollars per share) | $ / shares	(0.30)	(0.22)
Loss from discontinued operations (in dollars per share) | $ / shares	(0.16)	(0.34)
Net loss attributable to common stockholders per common share - diluted (in dollars per share) | $ / shares	$ (0.46)	$ (0.56)
Conversion ratio	1
Convertible Debt Securities
Loss per share—diluted
Interest expense on convertible note excluded from diluted EPS	$ 138,000	$ 7,700
Weighted average dilutive common share (in shares) | shares	66,323,000	144,576,000
Performance Shares
Loss per share—diluted
Weighted average dilutive common share (in shares) | shares	8,657,000	10,395,900
Common Stock Warrants
Loss per share—diluted
Weighted average dilutive common share (in shares) | shares	11,751,000	7,680,900
OP Units
Loss per share—diluted
Weighted average dilutive common share (in shares) | shares	50,915,500	51,532,800

Fee Income - Summary of Fee Inc

Fee Income - Summary of Fee Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Management fees
Related Party Transaction [Line Items]
Revenue from contract with customer	$ 42,191	$ 27,739
Other fees
Related Party Transaction [Line Items]
Revenue from contract with customer	644	1,110
Total fee income—affiliates
Related Party Transaction [Line Items]
Revenue from contract with customer	42,837	29,443
Affiliated Entity
Related Party Transaction [Line Items]
Revenue from contract with customer	3,379	519
Affiliated Entity | Incentive fees
Related Party Transaction [Line Items]
Revenue from contract with customer	$ 2	$ 594

Fee Income - Narrative (Details

Fee Income - Narrative (Details) - Base Management Fees - Private funds - Fee income	3 Months Ended
	Mar. 31, 2022
Minimum
Management Fee Income [Line Items]
Management fee revenue, percent of total commitments during commitment period and thereafter invested capital	0.20%
Maximum
Management Fee Income [Line Items]
Management fee revenue, percent of total commitments during commitment period and thereafter invested capital	1.50%

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion of units, conversion ratio (LTIP to common OP Unit)	1
Fair value of shares vested	$ 33.4	$ 27.5
Aggregate unrecognized compensation cost related to restricted stock granted	$ 53.1
Weighted average period of expected cost	2 years 4 months 24 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
DSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Managed Company Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expenses (reversals)		$ 4.6
Performance Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate unrecognized compensation cost related to restricted stock granted	$ 25.1
Weighted average period of expected cost	2 years 1 month 6 days
Class A Common Stock | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Measurement period	3 years
Minimum | Class A Common Stock | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued, percent of PSU granted	0.00%
Maximum | Class A Common Stock | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued, percent of PSU granted	200.00%
CLNS Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares reserved for future issuance, annual increase	2.00%
Common stock, shares reserved for future issuance (in shares) | shares	85.2
CLNS Equity Incentive Plan | LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion of units, conversion ratio (LTIP to common OP Unit)	1

Equity-Based Compensation - Val

Equity-Based Compensation - Valuation Technique (Details) - $ / shares	1 Months Ended	3 Months Ended
	Jul. 31, 2019	Mar. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
LTIP units issued (in shares)		4,513,402
2022 PSU Grants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		32.40%
Expected annual dividend yield		0.00%
Risk-free rate (per annum)		2.00%
2021 PSU Grants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		35.40%
Expected annual dividend yield		0.00%
Risk-free rate (per annum)		0.30%
2020 PSU Grants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		34.10%
Expected annual dividend yield		9.30%
Risk-free rate (per annum)		0.40%
LTIP Units
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
LTIP units issued (in shares)	10,000,000	0
Target share price for LTIP vesting (in dollars per share)	$ 10
LTIP vesting period, threshold of consecutive trading days	90 days
LTIP Units | 2019 LTIP Grant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility of the Company's class A common stock		28.30%
Expected annual dividend yield		8.10%
Risk-free rate (per annum)		1.80%

Equity-Based Compensation - Com

Equity-Based Compensation - Components of Share-Based Compensation (Details) - Compensation expense - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (including $37 and $1,064 related to dividend equivalent rights)	$ 9,731	$ 15,906
Amortization of fair value of dividend equivalent right	$ 37	$ 1,064

Equity-Based Compensation - Non

Equity-Based Compensation - Nonvested Shares Under Director Stock Plan and Equity Incentive Plan (Details) - $ / shares	1 Months Ended	3 Months Ended
	Jul. 31, 2019	Mar. 31, 2022
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		38,830,227
Granted (in shares)		4,513,402
Vested (in shares)		(4,748,737)
Forfeited (in shares)		(2,152,419)
Unvested shares and units period end (in shares)		36,442,473
Weighted Average Grant Date Fair Value [Roll Forward]
Unvested shares and units beginning period (in dollars per share)		$ 2.51
Granted (in dollars per share)		6.92
Vested (in dollars per share)		4.33
Forfeited (in dollars per share)		5.79
Unvested shares and units period end (in dollars per share)		$ 2.87
Restricted Stock
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		8,190,263
Granted (in shares)		3,770,706
Vested (in shares)		(3,053,570)
Forfeited (in shares)		(13,676)
Unvested shares and units period end (in shares)		8,893,723
LTIP Units
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		10,461,256
Granted (in shares)	10,000,000	0
Vested (in shares)		(461,256)
Forfeited (in shares)		0
Unvested shares and units period end (in shares)		10,000,000
DSUs
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		101,748
Granted (in shares)		0
Vested (in shares)		0
Forfeited (in shares)		0
Unvested shares and units period end (in shares)		101,748
RSUs
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		9,589,564
Granted (in shares)		0
Vested (in shares)		0
Forfeited (in shares)		0
Unvested shares and units period end (in shares)		9,589,564
PSUs
Number of Shares [Roll Forward]
Unvested shares and units beginning period (in shares)		10,487,396
Granted (in shares)		742,696
Vested (in shares)		(1,233,911)
Forfeited (in shares)		(2,138,743)
Unvested shares and units period end (in shares)		7,857,438
Weighted Average Grant Date Fair Value [Roll Forward]
Unvested shares and units beginning period (in dollars per share)		$ 3.69
Granted (in dollars per share)		7.62
Vested (in dollars per share)		4.38
Forfeited (in dollars per share)		1.82
Unvested shares and units period end (in dollars per share)		$ 4.46

Transactions with Affiliates -

Transactions with Affiliates - Summary of Amounts Due to Manager or its Affiliates (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Due from affiliates	$ 50,387	$ 49,230
Fee income
Related Party Transaction [Line Items]
Due from affiliates	41,596	41,859
Cost reimbursements and recoverable expenses
Related Party Transaction [Line Items]
Due from affiliates	8,641	7,317
Employees and other affiliates
Related Party Transaction [Line Items]
Due from affiliates	$ 150	$ 54

Transactions with Affiliates _2

Transactions with Affiliates - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Noncontrolling Interest Net Income
Related Party Transaction [Line Items]
Carried interest allocation	$ 800
Former Owner
Related Party Transaction [Line Items]
Carried interest allocation	21,600		$ 20,800
Affiliated Entity
Related Party Transaction [Line Items]
Revenue from contract with customer	3,379	$ 519
Affiliated Entity | Redeemable noncontrolling interests | Investment vehicles and unconsolidated ventures
Related Party Transaction [Line Items]
Investments	16,300		$ 19,500
Former Employee
Related Party Transaction [Line Items]
Advanced expenses	5,600
Cost reimbursements | Chief Executive Officer
Related Party Transaction [Line Items]
Reimbursement of chartered flight cost	200	1,100
Cost reimbursements | Affiliated Entity
Related Party Transaction [Line Items]
Revenue from contract with customer	$ 3,400	$ 500

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)portfolioCompanysegment	Mar. 31, 2021USD ($)	Dec. 31, 2021
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Number of companies in which the company has equity interest | portfolioCompany	2
Digital Investment Management | Investor
Segment Reporting Information [Line Items]
Revenue, percentage of earnings	31.50%
Digital Investment Management | Intersegment Eliminations
Segment Reporting Information [Line Items]
Property management fee revenue | $	$ 0.8	$ 3.3
Digital Operating | zColo Colocation Data Centers
Segment Reporting Information [Line Items]
Ownership percentage	21.80%		20.00%
Digital Operating | Vantage SDC Expansion Capacity
Segment Reporting Information [Line Items]
Ownership percentage	13.00%		13.00%

Segment Reporting - Summary of

Segment Reporting - Summary of Operating Results for Each Reportable Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 257,459	$ 220,581
Property operating expense	84,003	79,862
Interest expense	44,030	39,780
Depreciation and amortization	128,567	139,425
Equity method earnings (losses), including carried interest	(11,872)	(16,639)
Income tax benefit (expense)	7,413	23,196
Loss from continuing operations	(236,286)	(146,339)
Net loss from continuing operations attributable to DigitalBridge Group, Inc.	(153,469)	(85,789)
Net loss from discontinued operations attributable to DigitalBridge Group, Inc.	(93,088)	(160,501)
Net loss attributable to DigitalBridge Group, Inc.	(246,557)	(246,290)
Operating Segments | Digital Investment Management
Segment Reporting Information [Line Items]
Total revenues	44,893	31,120
Property operating expense	0	0
Interest expense	2,502	0
Depreciation and amortization	5,276	6,267
Equity method earnings (losses), including carried interest	(31,062)	(195)
Income tax benefit (expense)	(2,374)	(2,645)
Loss from continuing operations	(9,143)	7,663
Net loss from continuing operations attributable to DigitalBridge Group, Inc.	(7,602)	6,879
Operating Segments | Digital Operating
Segment Reporting Information [Line Items]
Total revenues	202,522	189,202
Property operating expense	84,003	79,862
Interest expense	36,184	31,132
Depreciation and amortization	122,891	122,221
Equity method earnings (losses), including carried interest	0	0
Income tax benefit (expense)	330	12,268
Loss from continuing operations	(74,141)	(64,260)
Net loss from continuing operations attributable to DigitalBridge Group, Inc.	(12,824)	(10,074)
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total revenues	10,044	259
Property operating expense	0	0
Interest expense	5,344	8,648
Depreciation and amortization	400	10,937
Equity method earnings (losses), including carried interest	19,190	(16,444)
Income tax benefit (expense)	9,457	13,573
Loss from continuing operations	(153,002)	(89,742)
Net loss from continuing operations attributable to DigitalBridge Group, Inc.	$ (133,043)	$ (82,594)

Segment Reporting - Assets and

Segment Reporting - Assets and Equity Method Investments of Reportable Operating Segments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total Assets	$ 11,232,157	$ 14,197,816
Equity Method Investments	655,069	673,096
Equity Method Investments, including discontinued operations	802,583	855,648
Held for disposition
Segment Reporting Information [Line Items]
Total Assets	151,307	3,676,615
Equity Method Investments	147,514	182,552
Operating Segments | Digital Investment Management
Segment Reporting Information [Line Items]
Total Assets, excluding discontinued operations	596,425	655,152
Equity Method Investments	108,616	140,027
Operating Segments | Digital Operating
Segment Reporting Information [Line Items]
Total Assets, excluding discontinued operations	8,209,995	7,608,451
Equity Method Investments	0	0
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total Assets, excluding discontinued operations	2,274,430	2,257,598
Equity Method Investments	546,453	533,069
Operating Segments And Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total Assets, excluding discontinued operations	11,080,850	10,521,201
Equity Method Investments	$ 655,069	$ 673,096

Supplemental Disclosure of Ca_3

Supplemental Disclosure of Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of amounts capitalized of $78 and $204	$ 70,065	$ 126,892
Interest capitalized	78	204
Cash received (paid) for income tax, net	(328)	2,123
Operating lease payments	15,650	16,781
Finance lease payments	3,916	3,820
Supplemental Disclosure of Cash Flows from Discontinued Operations
Net cash used in operating activities of discontinued operations	(5,488)	(9,510)
Net cash provided by (used in) investing activities of discontinued operations	(86,387)	12,004
Net cash used in financing activities of discontinued operations	(12,653)	(18,984)
Supplemental Disclosure of Noncash Investing and Financing Activities
Dividends and distributions payable	15,759	18,516	$ 15,759
Improvements in operating real estate in accrued and other liabilities	9,910	6,268
Receivable from loan repayments and asset sales	14,009	0
Operating lease right-of-use assets and lease liabilities established	1,498	7,170
Redemption of OP Units for common stock	2	16
Exchange of notes into shares of Class A common stock	60,317	0
Seller Note received in sale of the equity of NRF Holdco	154,992	0
Assets disposed in sale of equity of investment entities or sale by receiver (Note 12)	3,420,783	2,814,793
Liabilities disposed in sale of equity of investment entities or sale by receiver (Note 12)	3,144,700	2,840,065
Noncontrolling interests of investment entities deconsolidated	$ 215,777	$ 22,413