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NOTES RECEIVABLE, PREFERRED EQUITY, AND OTHER REAL ESTATE RELATED INVESTMENTS Schedule of Notes Receivable and Preferred Equity Investments Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Movement in Mortgage Loans on Real Estate [Roll Forward]      
Beginning Balance $ 102,286 $ 126,656 $ 129,278
New investments 48,500 31,169 45,000
Disposition of air rights through issuance of notes 29,539 0 0
Collections of principal (15,984) (18,095) (29,583)
Conversion to real estate through receipt of deed or through foreclosure (13,386) (38,000) (18,500)
Other (3,767) 556 461
Ending Balance $ 147,188 $ 102,286 $ 126,656