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Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	NOTE 11: Subsequent Events On October 5, 2016, we completed the underwritten public offering that was announced on September 27, 2016. We issued and sold 25,000,000 common shares, par value $0.01 per share, at a public offering price of $9.00 per common share. We received approximately $211,750 of net proceeds of the public offering, after deducting underwriting discounts and commissions and estimated offering expenses payable by us. On October 5, 2016, we used these proceeds as follows: (i) $40,000 of the proceeds were used to prepay in full and terminate our $40,000 senior secured term loan facility; (ii) $62,156 of the proceeds were used to repurchase and retire 7,269,719 shares of our common stock from certain of RAIT’s subsidiaries at a purchase price of $8.55 per share; (iii) $47,335 of the proceeds were used to partially pay down the $325,000 senior secured credit facility; (iv) $43,000 of the proceeds were reserved to consummate the management internalization; and v) the remaining $19,259 was held for general corporate purposes. On October 11, 2016, we partially paid down an additional $30,000 on the $325,000 senior secured credit facility using proceeds received from the offering and cash on our balance sheet. As part of the offering, we granted the underwriters an option, exercisable for 30 days from the date of the underwriting agreement, to purchase up to an additional 3,750,000 common shares. On October 21 2016, the underwriters exercised their option to purchase an additional 3,750,000 common shares at a purchase price of $9.00 per common share. We received $32,062 of net proceeds, after deducting underwriting discounts and commissions. On October 24, 2016, we partially paid down an additional $30,000 on the $325,000 senior secured credit facility using the proceeds received from the exercise of the underwriters’ option.