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Real Estate Owned (Tables)
3 Months Ended
Mar. 31, 2013
Real Estate [Abstract]  
Summary of carrying amounts for real estate owned (at cost)
The following table summarizes the carrying amounts for our real estate owned (at cost) as of March 31, 2013 and December 31, 2012 (dollar amounts in thousands):
 
March 31, 2013
 
December 31, 2012
Land
$
1,945,846

 
$
1,907,169

Depreciable property — held and used:
 
 
 
Building and improvements
5,502,984

 
5,384,971

Furniture, fixtures and equipment
280,470

 
272,640

Under development:
 
 
 
Land
119,750

 
151,154

Construction in progress
333,066

 
339,894

Real estate owned
8,182,116

 
8,055,828

Accumulated depreciation
(2,007,482
)
 
(1,924,682
)
Real estate owned, net
$
6,174,634

 
$
6,131,146