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Debt Obligations, net (Details 3) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Debt Disclosure [Abstract]    
Real estate, net (Encumbered Assets) $ 1,794,198 $ 1,533,579
Assets Pledged as Collateral (Encumbered Assets) 141,673 177,092
Loans receivable, net (Encumbered Assets) 1,197,373 [1] 1,780,591 [1]
Other investments (Encumbered Assets) 43,545 37,957
Cash and other assets (Encumbered Assets) 0 0
Total (Encumbered Assets) 3,176,789 3,529,219
Real estate, net (Unencumbered Assets) 1,004,825 1,397,319
Assets Pledged as Collateral (Unencumbered Assets) 494,192 500,366
Loans receivable, net (Unencumbered Assets) 665,712 [1] 1,153,671 [1]
Other investments (Unencumbered Assets) 355,298 419,878
Cash and other assets (Unencumbered Assets) 487,073 590,884
Total (Unencumbered Assets) 3,007,100 4,062,118
Reserve for loan losses $ 33,100 [2] $ 73,500 [2]
[1] As of December 31, 2012 and 2011, the amounts presented exclude general reserves for loan losses of $33.1 million and $73.5 million, respectively.
[2] The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net discount of $3.8 million and $0.2 million as of December 31, 2012 and 2011, respectively.