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Segment Reporting (Schedule of Segments) (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
segments
Sep. 30, 2013
Dec. 31, 2013
Segment Reporting          
Number of reportable segments     4    
Operating lease income $ 60,691 $ 60,227 $ 183,766 $ 175,354  
Interest income 31,098 24,235 94,139 78,584  
Other income 18,407 11,234 62,253 35,778  
Land sales revenue 3,290 0 11,920 0  
Revenues 113,486 95,696 352,078 289,716  
Earnings (loss) from equity method investments 49,578 4,345 76,848 34,346  
Income from sales of real estate 27,791 14,075 61,465 72,092  
Income (loss) from discontinued operations   836 [1]   2,682 [1]  
Gain from discontinued operations 0 9,166 0 22,488  
Revenue and other earnings 190,855 124,118 490,391 421,324  
Real estate expense (41,285) (37,546) (124,452) (112,362)  
Land cost of sales (2,763) 0 (10,028) 0  
Other expense 285 (1,495) (4,626) (7,266)  
Allocated interest expense (55,424) (63,793) [2] (169,410) (204,516) [2]  
Allocated general and administrative (20,104) [3] (19,722) [3] (61,244) [3] (52,524) [3]  
Segment profit (loss)(3) 71,564 [4] 1,562 [4] 120,631 [4] 44,656 [4]  
Provision for (recovery of) loan losses (673) [5] (9,834) [5] (6,865) [5] 5,392 [5]  
Impairment of assets 15,462 6,785 [2] 21,741 7,181 [2]  
Depreciation and amortization 17,722 19,019 [2] 55,157 53,873 [2]  
Capitalized expenditures 46,805 25,105 105,853 72,765  
Real estate, at cost 3,138,151   3,138,151   3,220,634
Less: accumulated depreciation (455,325)   (455,325)   (424,453)
Real estate, net 2,682,826   2,682,826   2,796,181
Real estate available and held for sale 317,964   317,964   360,517
Total real estate 3,000,790   3,000,790   3,156,698
Loans receivable and other lending investments, net 1,190,746 [6]   1,190,746 [6]   1,370,109 [6]
Other investments 314,275   314,275   207,209
Total portfolio assets 4,505,811   4,505,811   4,734,016
Cash and other assets 974,814   974,814   907,995
Total assets 5,480,625   5,480,625   5,642,011
Stock-based compensation expense 3,273 4,563 8,544 14,484  
LNR Property LLC (LNR)
          
Segment Reporting          
Earnings (loss) from equity method investments 0 0 0 16,465  
Operating Segments | Real Estate Finance
          
Segment Reporting          
Operating lease income 0 0 0 0  
Interest income 31,098 24,235 94,139 78,584  
Other income 885 1,731 20,327 4,229  
Land sales revenue 0   0    
Revenues 31,983 25,966 114,466 82,813  
Earnings (loss) from equity method investments 0 0 0 0  
Income from sales of real estate 0 0 0 0  
Income (loss) from discontinued operations   0 [1]   0 [1]  
Gain from discontinued operations   0   0  
Revenue and other earnings 31,983 25,966 114,466 82,813  
Real estate expense 0 0 0 0  
Land cost of sales 0   0    
Other expense (283) (253) (1,016) (1,586)  
Allocated interest expense (14,187) (16,172) [2] (45,497) (55,500) [2]  
Allocated general and administrative (3,492) [3] (3,610) [3] (11,026) [3] (9,661) [3]  
Segment profit (loss)(3) 14,021 [4] 5,931 [4] 56,927 [4] 16,066 [4]  
Provision for (recovery of) loan losses (673) (9,834) (6,865) 5,392  
Impairment of assets 0 0 [2] 0 0 [2]  
Depreciation and amortization 0 0 [2] 0 0 [2]  
Capitalized expenditures 0 0 0 0  
Real estate, net 0   0   0
Real estate available and held for sale 0   0   0
Total real estate 0   0   0
Loans receivable and other lending investments, net 1,190,746   1,190,746   1,370,109
Other investments 0   0   0
Total portfolio assets 1,190,746   1,190,746   1,370,109
Operating Segments | Net Lease
          
Segment Reporting          
Operating lease income 36,947 36,063 113,502 108,497  
Interest income 0 0 0 0  
Other income 3,573 0 4,306 0  
Land sales revenue 0   0    
Revenues 40,520 36,063 117,808 108,497  
Earnings (loss) from equity method investments 349 679 1,497 2,017  
Income from sales of real estate 0 0 0 0  
Income (loss) from discontinued operations   350 [1]   1,354 [1]  
Gain from discontinued operations   0   3,395  
Revenue and other earnings 40,869 37,092 119,305 115,263  
Real estate expense (6,059) (5,191) (17,253) (16,433)  
Land cost of sales 0   0    
Other expense 0 0 0 0  
Allocated interest expense (18,156) (19,066) [2] (54,775) (59,296) [2]  
Allocated general and administrative (4,610) [3] (4,282) [3] (13,592) [3] (10,353) [3]  
Segment profit (loss)(3) 12,044 [4] 8,553 [4] 33,685 [4] 29,181 [4]  
Provision for (recovery of) loan losses 0 0 0 0  
Impairment of assets 231 494 [2] 3,210 494 [2]  
Depreciation and amortization 9,522 9,556 [2] 29,332 28,787 [2]  
Capitalized expenditures 595 4,322 169 21,977  
Real estate, net 1,215,034   1,215,034   1,358,248
Real estate available and held for sale 0   0   0
Total real estate 1,215,034   1,215,034   1,358,248
Loans receivable and other lending investments, net 0   0   0
Other investments 127,070   127,070   16,408
Total portfolio assets 1,342,104   1,342,104   1,374,656
Operating Segments | Operating Properties
          
Segment Reporting          
Operating lease income 23,513 24,164 69,631 66,857  
Interest income 0 0 0 0  
Other income 11,795 8,045 32,335 27,623  
Land sales revenue 0   0    
Revenues 35,308 32,209 101,966 94,480  
Earnings (loss) from equity method investments 177 533 1,125 5,006  
Income from sales of real estate 27,791 14,075 61,465 68,615  
Income (loss) from discontinued operations   486 [1]   1,328 [1]  
Gain from discontinued operations   9,166   19,093  
Revenue and other earnings 63,276 56,469 164,556 188,522  
Real estate expense (28,795) (25,152) (86,338) (75,695)  
Land cost of sales 0   0    
Other expense 0 0 0 0  
Allocated interest expense (10,169) (11,082) [2] (30,657) (37,259) [2]  
Allocated general and administrative (2,699) [3] (2,735) [3] (7,966) [3] (7,140) [3]  
Segment profit (loss)(3) 21,613 [4] 17,500 [4] 39,595 [4] 68,428 [4]  
Provision for (recovery of) loan losses 0 0 0 0  
Impairment of assets 4,231 6,291 [2] 8,131 6,687 [2]  
Depreciation and amortization 7,606 8,884 [2] 23,838 23,321 [2]  
Capitalized expenditures 20,555 11,906 46,973 26,312  
Real estate, net 626,713   626,713   638,088
Real estate available and held for sale 196,597   196,597   228,328
Total real estate 823,310   823,310   866,416
Loans receivable and other lending investments, net 0   0   0
Other investments 14,223   14,223   16,032
Total portfolio assets 837,533   837,533   882,448
Operating Segments | Land
          
Segment Reporting          
Operating lease income 231 0 633 0  
Interest income 0 0 0 0  
Other income 496 333 865 833  
Land sales revenue 3,290   11,920    
Revenues 4,017 333 13,418 833  
Earnings (loss) from equity method investments 123 (2,178) (286) (5,268)  
Income from sales of real estate 0 0 0 3,477  
Income (loss) from discontinued operations   0 [1]   0 [1]  
Gain from discontinued operations   0   0  
Revenue and other earnings 4,140 (1,845) 13,132 (958)  
Real estate expense (6,431) (7,203) (20,861) (20,234)  
Land cost of sales (2,763)   (10,028)    
Other expense 0 0 0 0  
Allocated interest expense (7,490) (7,541) [2] (21,943) (23,226) [2]  
Allocated general and administrative (3,566) [3] (2,487) [3] (10,839) [3] (6,122) [3]  
Segment profit (loss)(3) (16,110) [4] (19,076) [4] (50,539) [4] (50,540) [4]  
Provision for (recovery of) loan losses 0 0 0 0  
Impairment of assets 11,000 0 [2] 10,400 0 [2]  
Depreciation and amortization 320 288 [2] 1,114 817 [2]  
Capitalized expenditures 25,655 8,877 58,711 24,476  
Real estate, net 841,079   841,079   799,845
Real estate available and held for sale 121,367   121,367   132,189
Total real estate 962,446   962,446   932,034
Loans receivable and other lending investments, net 0   0   0
Other investments 65,949   65,949   29,765
Total portfolio assets 1,028,395   1,028,395   961,799
Corporate, Non-Segment | Corporate/Other
          
Segment Reporting          
Operating lease income 0 [7] 0 [7] 0 [7] 0 [7]  
Interest income 0 [7] 0 [7] 0 [7] 0 [7]  
Other income 1,658 [7] 1,125 [7] 4,420 [7] 3,093 [7]  
Land sales revenue 0 [7]   0 [7]    
Revenues 1,658 [7] 1,125 [7] 4,420 [7] 3,093 [7]  
Earnings (loss) from equity method investments 48,929 [7] 5,311 [7] 74,512 [7] 32,591 [7]  
Income from sales of real estate 0 [7] 0 [7] 0 [7] 0 [7]  
Income (loss) from discontinued operations   0 [1],[7]   0 [1],[7]  
Gain from discontinued operations   0 [7]   0 [7]  
Revenue and other earnings 50,587 [7] 6,436 [7] 78,932 [7] 35,684 [7]  
Real estate expense 0 [7] 0 [7] 0 [7] 0 [7]  
Land cost of sales 0 [7]   0 [7]    
Other expense 568 [7] (1,242) [7] (3,610) [7] (5,680) [7]  
Allocated interest expense (5,422) [7] (9,932) [2],[7] (16,538) [7] (29,235) [2],[7]  
Allocated general and administrative (5,737) [3],[7] (6,608) [3],[7] (17,821) [3],[7] (19,248) [3],[7]  
Segment profit (loss)(3) 39,996 [4],[7] (11,346) [4],[7] 40,963 [4],[7] (18,479) [4],[7]  
Provision for (recovery of) loan losses 0 [7] 0 [7] 0 [7] 0 [7]  
Impairment of assets 0 [7] 0 [2],[7] 0 [7] 0 [2],[7]  
Depreciation and amortization 274 [7] 291 [2],[7] 873 [7] 948 [2],[7]  
Capitalized expenditures 0 [7] 0 [7] 0 [7] 0 [7]  
Real estate, net 0 [7]   0 [7]   0 [7]
Real estate available and held for sale 0 [7]   0 [7]   0 [7]
Total real estate 0 [7]   0 [7]   0 [7]
Loans receivable and other lending investments, net 0 [7]   0 [7]   0 [7]
Other investments 107,033 [7]   107,033 [7]   145,004 [7]
Total portfolio assets $ 107,033 [7]   $ 107,033 [7]   $ 145,004 [7]
[1] For the three and nine months ended September 30, 2013, excludes certain amounts reclassified to discontinued operations on the Company's Consolidated Statements of Operations.
[2] For the three and nine months ended September 30, 2013, 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 $3.3 million and $8.5 million for the three and nine months ended September 30, 2014, respectively, and $4.6 million and $14.5 million for the three and nine months ended September 30, 2013, respectively.
[4] The following is a reconciliation of segment profit (loss) to net income (loss) ($ in thousands): For the Three Months EndedSeptember 30, For the Nine Months Ended September 30, 2014 2013 2014 2013Segment profit (loss)$71,564 $1,562 $120,631 $44,656Less: (Provision for) recovery of loan losses673 9,834 6,865 (5,392)Less: Impairment of assets(4)(15,462) (6,785) (21,741) (7,181)Less: Stock-based compensation expense(3,273) (4,563) (8,544) (14,484)Less: Depreciation and amortization(4)(17,722) (19,019) (55,157) (53,873)Less: Income tax (expense) benefit(4)(103) 3,879 619 (688)Less: Loss on early extinguishment of debt, net(186) (3,498) (24,953) (28,282)Net income (loss)$35,491 $(18,590) $17,720 $(65,244)
[5] For the three and nine months ended September 30, 2014, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $0.9 million and $8.5 million, respectively. For the three and nine months ended September 30, 2013, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $44.1 million and $55.1 million, respectively.
[6] The Company's recorded investment in loans as of September 30, 2014 and December 31, 2013 also includes accrued interest of $6.5 million and $6.5 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.
[7] 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 share of equity in earnings from LNR of $16.5 million for the nine months ended September 30, 2013. See Note 6 for further details on the Company's investment in LNR and summarized financial information of LNR.