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Risk Management and Derivatives (Tables) | 12 Months Ended
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Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of total investment portfolio by property/collateral types | As of December 31, 2012, the Company's total investment portfolio was comprised of the following property/collateral types ($ in thousands)(1):
Property/Collateral Types |  | Real Estate Finance |  | Net Lease Assets |  | Operating Properties |  | Land |  | Total |  | % of Total
Land |  | $ | 297,039 |  |  | $ | — |  |  | $ | — |  |  | $ | 970,593 |  |  | $ | 1,267,632 |  |  | 22.3 | %
Office |  | 124,058 |  |  | 301,304 |  |  | 258,977 |  |  | — |  |  | 684,339 |  |  | 12.0 | %
Condominium |  | 237,534 |  |  | — |  |  | 385,229 |  |  | — |  |  | 622,763 |  |  | 11.0 | %
Industrial / R&D |  | 94,617 |  |  | 472,149 |  |  | 55,439 |  |  | — |  |  | 622,205 |  |  | 10.9 | %
Retail |  | 293,651 |  |  | 50,529 |  |  | 184,000 |  |  | — |  |  | 528,180 |  |  | 9.3 | %
Entertainment / Leisure |  | 98,423 |  |  | 414,849 |  |  | 14 |  |  | — |  |  | 513,286 |  |  | 9.0 | %
Hotel |  | 298,293 |  |  | 91,746 |  |  | 84,375 |  |  | — |  |  | 474,414 |  |  | 8.3 | %
Mixed Use / Mixed Collateral |  | 237,989 |  |  | — |  |  | 179,337 |  |  | — |  |  | 417,326 |  |  | 7.3 | %
Other Property Types |  | 181,481 |  |  | 9,424 |  |  | 24,541 |  |  | — |  |  | 215,446 |  |  | 3.7 | %
Strategic Investments |  | — |  |  | — |  |  | — |  |  | — |  |  | 351,225 |  |  | 6.2 | %
Total |  | $ | 1,863,085 |  |  | $ | 1,340,001 |  |  | $ | 1,171,912 |  |  | $ | 970,593 |  |  | $ | 5,696,816 |  |  | 100.0 | %
Explanatory Note: _______________________________________________________________________________
(1) | Based on the carrying value of the Company's total investment portfolio gross of general loan loss reserves.
Schedule of total investment portfolio by geographical region | As of December 31, 2012, the Company's total investment portfolio had the following characteristics by geographical region ($ in thousands)(1):
Geographic Region |  | Real Estate Finance |  | Net Lease Assets |  | Operating Properties |  | Land |  | Total |  | % of Total
West |  | $ | 340,457 |  |  | $ | 340,896 |  |  | $ | 237,496 |  |  | $ | 367,470 |  |  | $ | 1,286,319 |  |  | 22.6 | %
Northeast |  | 421,660 |  |  | 317,003 |  |  | 175,894 |  |  | 180,744 |  |  | 1,095,301 |  |  | 19.2 | %
Southeast |  | 308,559 |  |  | 201,535 |  |  | 251,410 |  |  | 89,035 |  |  | 850,539 |  |  | 14.9 | %
Southwest |  | 197,478 |  |  | 182,329 |  |  | 209,424 |  |  | 120,293 |  |  | 709,524 |  |  | 12.5 | %
Mid-Atlantic |  | 43,866 |  |  | 104,205 |  |  | 217,379 |  |  | 180,290 |  |  | 545,740 |  |  | 9.6 | %
International(2) |  | 308,210 |  |  | — |  |  | — |  |  | — |  |  | 308,210 |  |  | 5.4 | %
Central |  | 159,460 |  |  | 68,434 |  |  | 61,938 |  |  | 9,500 |  |  | 299,332 |  |  | 5.2 | %
Northwest |  | 83,236 |  |  | 56,409 |  |  | 18,371 |  |  | 23,261 |  |  | 181,277 |  |  | 3.2 | %
Various |  | 159 |  |  | 69,190 |  |  | — |  |  | — |  |  | 69,349 |  |  | 1.2 | %
Strategic Investments(2) |  | — |  |  | — |  |  | — |  |  | — |  |  | 351,225 |  |  | 6.2 | %
Total |  | $ | 1,863,085 |  |  | $ | 1,340,001 |  |  | $ | 1,171,912 |  |  | $ | 970,593 |  |  | $ | 5,696,816 |  |  | 100.0 | %
Explanatory Notes: _______________________________________________________________________________
(1) | Based on the carrying value of the Company's total investment portfolio gross of general loan loss reserves.
(2) | Strategic investments includes $36.6 million of international assets. Additionally, international and strategic investments include $228.7 million of European assets, including $117.6 million in Germany and $111.1 million
Schedule of fair value of derivative financial instruments as well as their classification on Consolidated Balance Sheets | The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2012 and 2011 ($ in thousands):
| Derivative Assets as of December 31, |  | Derivative Liabilities as of December 31,
| 2012 |  | 2011 |  | 2012 |  | 2011
Derivative | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Foreign exchange contracts | N/A |  | $ | — |  |  | N/A |  | $ | — |  |  | Other Liabilities |  | $ | 2,855 |  |  | Other Liabilities |  | $ | 1,342 |
Cash flow interest rate swap | N/A |  | — |  |  | N/A |  | — |  |  | Other Liabilities |  | 580 |  |  | Other Liabilities |  | 1,031 |
Total |  |  | $ | — |  |  |  |  | $ | — |  |  |  |  | $ | 3,435 |  |  |  |  | $ | 2,373 |
Schedule of derivative financial instruments on Consolidated Statements of Operations |
Derivatives Designated in Hedging Relationships |  | Location of Gain (Loss) Recognized in Income on Derivative |  | Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion) |  | Amount of Gain (Loss) Recognized in Earnings (Ineffective Portion)
For Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |
Cash flow interest rate swap |  | Interest Expense |  | $ | (968 | ) |  | $ | (44 | ) |  | N/A
For the Year Ended December 31, 2011 |  |  |  |  |  |  |  |  |  |
Cash flow interest rate swap |  | Interest Expense |  | $ | (1,553 | ) |  | $ | (180 | ) |  | N/A
|  |  |  | Amount of Gain or (Loss) Recognized in Income on Derivative
|  | Location of Gain or (Loss) Recognized in Income on Derivative |  | For the Years Ended December 31,
Derivatives not Designated in Hedging Relationships |  | 2012 |  | 2011 |  | 2010
Foreign Exchange Contracts |  | Other Expense |  | $ | (8,920 | ) |  | $ | 17,406 |  |  | $ | (1,010 | )
Schedule of foreign currency derivatives outstanding | The following table presents the Company's foreign currency derivatives outstanding as of December 31, 2012 ($ in thousands):
Derivative Type |  | Notional Amount |  | Notional (USD Equivalent) |  | Maturity
Sells EUR/Buys USD Forward |  | € | 109,000 |  |  | $ | 143,925 |  |  | January 2013
Sells GBP/Buys USD Forward |  | £ | 52,850 |  |  | $ | 85,856 |  |  | January 2013
Sells CAD/Buys USD Forward |  | C$ | 50,700 |  |  | $ | 51,065 |  |  | January 2013

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