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Segment Reporting (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2012
Dec. 31, 2011
Segment Reporting        
Operating lease income $ 58,473   $ 53,123  
Interest income 24,667   37,203  
Other income 11,393   10,756  
Total revenues 94,533   101,082  
Earnings (loss) from equity method investments 21,678   34,786  
Income from sales of residential property 23,697   6,733  
Income (loss) from discontinued operations 994 [1]   3,784 [1]  
Gain from discontinued operations 5,044   2,406  
Revenue and other earnings 145,946   148,791  
Real estate expense (37,916)   (35,068)  
Other expense (5,625)   (453)  
Direct expenses (43,541)   (35,521)  
Direct segment profit (loss) 102,405   113,270  
Allocated interest expense(3) (71,566) [2]   (86,143) [2]  
Allocated general and administrative(4) (16,646) [3]   (18,179) [3]  
Segment profit (loss)(5) 14,193 [4]   8,948 [4]  
Provision for loan losses 10,206   17,500  
Impairment of assets (32) [2]   16,024 [2]  
Depreciation and amortization 17,454 [2]   17,239 [2]  
Capitalized expenditures 16,314   11,080  
Real estate, at cost 3,190,343 3,226,648 3,226,648  
Less: accumulated depreciation (405,539) (427,625) (427,625)  
Real estate, net 2,784,804 2,799,023 2,799,023  
Real estate available and held for sale 599,061 635,865 635,865  
Total real estate 3,383,865 3,434,888 3,434,888  
Loans receivable, net 1,582,656 1,829,985 1,829,985  
Other investments 403,759 398,843 398,843  
Total portfolio assets 5,370,280   5,663,716  
Cash and other assets 706,838   487,073  
Total assets 6,077,118 6,150,789 6,150,789  
Equity method investments 394,000 387,718    
Stock-based compensation expense 5,202   4,666  
LNR Property LLC (LNR)
        
Segment Reporting        
Earnings (loss) from equity method investments 14,746 14,746 [5] 12,137 12,137 [5]
Equity method investments 221,912 205,773    
Real Estate Finance
        
Segment Reporting        
Operating lease income 0   0  
Interest income 24,667   37,203  
Other income 2,208   67  
Total revenues 26,875   37,270  
Earnings (loss) from equity method investments 0   0  
Income from sales of residential property 0   0  
Income (loss) from discontinued operations 0 [1]   0 [1]  
Gain from discontinued operations 0   0  
Revenue and other earnings 26,875   37,270  
Real estate expense 0   0  
Other expense (1,444)   (915)  
Direct expenses (1,444)   (915)  
Direct segment profit (loss) 25,431   36,355  
Allocated interest expense(3) (19,952) [2]   (34,274) [2]  
Allocated general and administrative(4) (3,074) [3]   (4,857) [3]  
Segment profit (loss)(5) 2,405 [4]   (2,776) [4]  
Provision for loan losses 10,206   17,500  
Impairment of assets 0 [2]   0 [2]  
Depreciation and amortization 0 [2]   0 [2]  
Capitalized expenditures 0   0  
Real estate, at cost 0   0  
Less: accumulated depreciation 0   0  
Real estate, net 0   0  
Real estate available and held for sale 0   0  
Total real estate 0   0  
Loans receivable, net 1,582,656   1,829,985  
Other investments 0   0  
Total portfolio assets 1,582,656   1,829,985  
Net Leasing
        
Segment Reporting        
Operating lease income 37,109   37,237  
Interest income 0   0  
Other income 0   0  
Total revenues 37,109   37,237  
Earnings (loss) from equity method investments 686   646  
Income from sales of residential property 0   0  
Income (loss) from discontinued operations 260 [1]   3,348 [1]  
Gain from discontinued operations 29   2,406  
Revenue and other earnings 38,084   43,637  
Real estate expense (5,677)   (5,144)  
Other expense 0   0  
Direct expenses (5,677)   (5,144)  
Direct segment profit (loss) 32,407   38,493  
Allocated interest expense(3) (20,745) [2]   (18,865) [2]  
Allocated general and administrative(4) (3,052) [3]   (2,514) [3]  
Segment profit (loss)(5) 8,610 [4]   17,114 [4]  
Provision for loan losses 0   0  
Impairment of assets 0 [2]   520 [2]  
Depreciation and amortization 9,642 [2]   10,205 [2]  
Capitalized expenditures 3,766   413  
Real estate, at cost 1,627,279   1,639,320  
Less: accumulated depreciation (318,479)   (315,699)  
Real estate, net 1,308,800   1,323,621  
Real estate available and held for sale 9,766   0  
Total real estate 1,318,566   1,323,621  
Loans receivable, net 0   0  
Other investments 16,397   16,380  
Total portfolio assets 1,334,963   1,340,001  
Operating Property
        
Segment Reporting        
Operating lease income 21,364   15,886  
Interest income 0   0  
Other income 8,112   8,883  
Total revenues 29,476   24,769  
Earnings (loss) from equity method investments 2,657   7,676  
Income from sales of residential property 23,697   6,733  
Income (loss) from discontinued operations 734 [1]   436 [1]  
Gain from discontinued operations 5,015   0  
Revenue and other earnings 61,579   39,614  
Real estate expense (25,736)   (25,730)  
Other expense 0   0  
Direct expenses (25,736)   (25,730)  
Direct segment profit (loss) 35,843   13,884  
Allocated interest expense(3) (14,622) [2]   (14,958) [2]  
Allocated general and administrative(4) (2,231) [3]   (2,067) [3]  
Segment profit (loss)(5) 18,990 [4]   (3,141) [4]  
Provision for loan losses 0   0  
Impairment of assets (32) [2]   16,055 [2]  
Depreciation and amortization 7,206 [2]   6,023 [2]  
Capitalized expenditures 4,921   8,466  
Real estate, at cost 769,708   801,214  
Less: accumulated depreciation (84,504)   (109,634)  
Real estate, net 685,204   691,580  
Real estate available and held for sale 409,579   454,587  
Total real estate 1,094,783   1,146,167  
Loans receivable, net 0   0  
Other investments 20,308   25,745  
Total portfolio assets 1,115,091   1,171,912  
Land
        
Segment Reporting        
Operating lease income 0   0  
Interest income 0   0  
Other income 500   0  
Total revenues 500   0  
Earnings (loss) from equity method investments (1,579)   (1,552)  
Income from sales of residential property 0   0  
Income (loss) from discontinued operations 0 [1]   0 [1]  
Gain from discontinued operations 0   0  
Revenue and other earnings (1,079)   (1,552)  
Real estate expense (6,503)   (4,194)  
Other expense 0   0  
Direct expenses (6,503)   (4,194)  
Direct segment profit (loss) (7,582)   (5,746)  
Allocated interest expense(3) (9,288) [2]   (10,305) [2]  
Allocated general and administrative(4) (1,849) [3]   (1,905) [3]  
Segment profit (loss)(5) (18,719) [4]   (17,956) [4]  
Provision for loan losses 0   0  
Impairment of assets 0 [2]   0 [2]  
Depreciation and amortization 264 [2]   345 [2]  
Capitalized expenditures 7,627   2,201  
Real estate, at cost 793,356   786,114  
Less: accumulated depreciation (2,556)   (2,292)  
Real estate, net 790,800   783,822  
Real estate available and held for sale 179,716   181,278  
Total real estate 970,516   965,100  
Loans receivable, net 0   0  
Other investments 3,854   5,493  
Total portfolio assets 974,370   970,593  
Corporate/ Other
        
Segment Reporting        
Operating lease income 0 [6]   0 [6]  
Interest income 0 [6]   0 [6]  
Other income 573 [6]   1,806 [6]  
Total revenues 573 [6]   1,806 [6]  
Earnings (loss) from equity method investments 19,914 [6]   28,016 [6]  
Income from sales of residential property 0 [6]   0 [6]  
Income (loss) from discontinued operations 0 [1],[6]   0 [1],[6]  
Gain from discontinued operations 0 [6]   0 [6]  
Revenue and other earnings 20,487 [6]   29,822 [6]  
Real estate expense 0 [6]   0 [6]  
Other expense (4,181) [6]   462 [6]  
Direct expenses (4,181) [6]   462 [6]  
Direct segment profit (loss) 16,306 [6]   30,284 [6]  
Allocated interest expense(3) (6,959) [2],[6]   (7,741) [2],[6]  
Allocated general and administrative(4) (6,440) [3],[6]   (6,836) [3],[6]  
Segment profit (loss)(5) 2,907 [4],[6]   15,707 [4]  
Provision for loan losses 0 [6]   0 [6]  
Impairment of assets 0 [2],[6]   (551) [2],[6]  
Depreciation and amortization 342 [2],[6]   666 [2],[6]  
Capitalized expenditures 0 [6]   0 [6]  
Real estate, at cost 0 [6]   0 [6]  
Less: accumulated depreciation 0 [6]   0 [6]  
Real estate, net 0 [6]   0 [6]  
Real estate available and held for sale 0 [6]   0 [6]  
Total real estate 0 [6]   0 [6]  
Loans receivable, net 0 [6]   0 [6]  
Other investments 363,200 [6]   351,225 [6]  
Total portfolio assets $ 363,200 [6]   $ 351,225 [6]  
[1] Includes revenue and real estate expense reclassified to discontinued operations on the Company's Consolidated Statements of Operations.
[2] Includes related amounts reclassified to discontinued operations on the Company's Consolidated Statements of Operations.
[3] General and administrative excludes stock-based compensation expense of $5.2 million and $4.7 million for the three months ended March 31, 2013 and 2012, respectively.
[4] The following is a reconciliation of segment profit (loss) to net income (loss) ($ in thousands): For the Three Months Ended March 31, 2013 2012Segment profit (loss)$14,193 $8,948Less: Provision for loan losses(10,206) (17,500)Less: Impairment of assets32 (16,024)Less: Stock-based compensation expense(5,202) (4,666)Less: Depreciation and amortization(17,454) (17,239)Less: Income tax (expense) benefit(4,075) (1,271)Add: Gain (loss) on early extinguishment of debt, net(9,541) 1,704Net income (loss)$(32,253) $(46,048)
[5] The Company records its investment in LNR on a one quarter lag, therefore, amounts in the Company's financial statements for the three months ended March 31, 2013 and 2012 are based on balances and results from LNR for the three months ended December 31, 2012 and 2011.
[6] Corporate/Other represents all corporate level and unallocated items including any intercompany eliminations necessary to reconcile to consolidated Company totals. This caption also includes the Company's joint venture investments and strategic investments that are not related to the other reportable segments above, including the Company's equity investment in LNR of $221.9 million and $205.8 million, as of March 31, 2013 and December 31, 2012, respectively, and the Company's share of equity in earnings from LNR of $14.7 million and $12.1 million for the three months ended March 31, 2013 and 2012, respectively. See Note 6 for further details on the Company's accounting policy for its investment in LNR and summarized financial information of LNR.