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Segment Reporting (Schedule of Segments) (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
segments
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Segment Reporting          
Number of reportable segments | segments     4    
Operating lease income $ 56,152 $ 60,967 $ 115,291 $ 123,075  
Interest income 33,729 35,127 68,625 63,041  
Other income 12,761 29,262 23,325 43,846  
Land development revenue 6,543 4,487 14,801 8,630  
Earnings (loss) from equity method investments 8,785 24,093 15,332 27,270  
Income from sales of real estate 18,355 17,180 39,511 33,674  
Total revenue and other earnings 136,325 171,116 276,885 299,536  
Real estate expense (36,355) (40,554) (75,989) (83,167)  
Land development cost of sales (5,252) (3,611) (12,142) (7,265)  
Other expense (888) (4,690) (3,011) (4,911)  
Allocated interest expense (55,824) (56,530) (110,456) (113,986)  
Allocated general and administrative [1] (16,639) (23,427) (34,154) (41,140)  
Segment profit (loss) [2] 21,367 42,304 41,133 49,067  
Provision for (recovery of) loan losses [3] 19,151 (2,792) 23,444 (6,192)  
Impairment of assets 1,674 3,300 1,674 6,279  
Depreciation and amortization 15,516 18,822 34,017 37,435  
Capitalized expenditures 50,983 32,138 83,802 59,048  
Real estate, net 2,538,816   2,538,816   $ 2,676,714
Real estate available and held for sale 288,021   288,021   285,982
Total real estate 2,826,837   2,826,837   2,962,696
Loans receivable and other lending investments, net [4] 1,567,296   1,567,296   1,377,843
Other investments 289,500   289,500   354,119
Total portfolio assets 4,683,633   4,683,633   4,694,658
Cash and other assets 989,730   989,730   768,475
Total assets 5,673,363   5,673,363   5,463,133
Operating Segments | Real Estate Finance          
Segment Reporting          
Operating lease income 0 0 0 0  
Interest income 33,729 35,127 68,625 63,041  
Other income 798 19,043 846 19,442  
Land development revenue 0 0 0 0  
Earnings (loss) from equity method investments 0 0 0 0  
Income from sales of real estate 0 0 0 0  
Total revenue and other earnings 34,527 54,170 69,471 82,483  
Real estate expense 0 0 0 0  
Land development cost of sales 0 0 0 0  
Other expense (221) (303) (220) (733)  
Allocated interest expense (14,563) (15,858) (28,798) (31,310)  
Allocated general and administrative [1] (3,129) (4,444) (6,223) (7,534)  
Segment profit (loss) [2] 16,614 33,565 34,230 42,906  
Provision for (recovery of) loan losses 19,151 (2,792) 23,444 (6,192)  
Impairment of assets 0 0 0 0  
Depreciation and amortization 0 0 0 0  
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 1,567,296   1,567,296   1,377,843
Other investments 0   0   0
Total portfolio assets 1,567,296   1,567,296   1,377,843
Operating Segments | Net Lease          
Segment Reporting          
Operating lease income 37,781 37,674 74,120 76,555  
Interest income 0 0 0 0  
Other income 121 519 124 733  
Land development revenue 0 0 0 0  
Earnings (loss) from equity method investments 1,666 862 3,299 1,148  
Income from sales of real estate 5,127 0 8,654 0  
Total revenue and other earnings 44,695 39,055 86,197 78,436  
Real estate expense (5,522) (5,520) (10,792) (11,194)  
Land development cost of sales 0 0 0 0  
Other expense 0 0 0 0  
Allocated interest expense (16,933) (18,009) (33,768) (36,619)  
Allocated general and administrative [1] (3,676) (5,183) (7,437) (8,982)  
Segment profit (loss) [2] 18,564 10,343 34,200 21,641  
Provision for (recovery of) loan losses 0 0 0 0  
Impairment of assets 0 0 0 2,979  
Depreciation and amortization 9,409 9,682 18,858 19,810  
Capitalized expenditures 1,769 201 2,114 (426)  
Real estate, net 1,163,350   1,163,350   1,188,160
Real estate available and held for sale 2,708   2,708   4,521
Total real estate 1,166,058   1,166,058   1,192,681
Loans receivable and other lending investments, net 0   0   0
Other investments 70,409   70,409   125,360
Total portfolio assets 1,236,467   1,236,467   1,318,041
Operating Segments | Operating Properties          
Segment Reporting          
Operating lease income 18,116 23,117 40,730 46,118  
Interest income 0 0 0 0  
Other income 10,591 7,874 19,467 20,540  
Land development revenue 0 0 0 0  
Earnings (loss) from equity method investments 298 731 833 948  
Income from sales of real estate 13,228 17,180 30,857 33,674  
Total revenue and other earnings 42,233 48,902 91,887 101,280  
Real estate expense (23,940) (28,929) (51,364) (57,543)  
Land development cost of sales 0 0 0 0  
Other expense 0 0 0 0  
Allocated interest expense (7,057) (10,229) (14,725) (20,488)  
Allocated general and administrative [1] (1,629) (3,078) (3,457) (5,267)  
Segment profit (loss) [2] 9,607 6,666 22,341 17,982  
Provision for (recovery of) loan losses 0 0 0 0  
Impairment of assets 1,674 3,900 1,674 3,900  
Depreciation and amortization 5,446 8,368 13,791 16,232  
Capitalized expenditures 21,749 13,564 31,843 26,418  
Real estate, net 510,466   510,466   628,271
Real estate available and held for sale 138,187   138,187   162,782
Total real estate 648,653   648,653   791,053
Loans receivable and other lending investments, net 0   0   0
Other investments 11,391   11,391   13,220
Total portfolio assets 660,044   660,044   804,273
Operating Segments | Land          
Segment Reporting          
Operating lease income 255 176 441 402  
Interest income 0 0 0 0  
Other income 154 143 787 369  
Land development revenue 6,543 4,487 14,801 8,630  
Earnings (loss) from equity method investments 4,463 (151) 7,072 (409)  
Income from sales of real estate 0 0 0 0  
Total revenue and other earnings 11,415 4,655 23,101 8,992  
Real estate expense (6,893) (6,105) (13,833) (14,430)  
Land development cost of sales (5,252) (3,611) (12,142) $ (7,265)  
Other expense 0 0 0    
Allocated interest expense (7,876) (7,294) (15,420) $ (14,453)  
Allocated general and administrative [1] (2,733) (4,224) (5,526) (7,273)  
Segment profit (loss) [2] (11,339) (16,579) (23,820) (34,429)  
Provision for (recovery of) loan losses 0 0 0 0  
Impairment of assets 0 (600) 0 (600)  
Depreciation and amortization 390 490 780 794  
Capitalized expenditures 27,465 18,373 49,845 33,056  
Real estate, net 865,000   865,000   860,283
Real estate available and held for sale 147,126   147,126   118,679
Total real estate 1,012,126   1,012,126   978,962
Loans receivable and other lending investments, net 0   0   0
Other investments 113,009   113,009   106,155
Total portfolio assets 1,125,135   1,125,135   1,085,117
Corporate, Non-Segment | Corporate/Other          
Segment Reporting          
Operating lease income [5] 0 0 0 0  
Interest income [5] 0 0 0 0  
Other income [5] 1,097 1,683 2,101 2,762  
Land development revenue [5] 0 0 0 0  
Earnings (loss) from equity method investments [5] 2,358 22,651 4,128 25,583  
Income from sales of real estate [5] 0 0 0 0  
Total revenue and other earnings [5] 3,455 24,334 6,229 28,345  
Real estate expense [5] 0 0 0 0  
Land development cost of sales [5] 0 0 0 0  
Other expense [5] (667) (4,387) (2,791) (4,178)  
Allocated interest expense [5] (9,395) (5,140) (17,745) (11,116)  
Allocated general and administrative [1],[5] (5,472) (6,498) (11,511) (12,084)  
Segment profit (loss) [2],[5] (12,079) 8,309 (25,818) 967  
Provision for (recovery of) loan losses [5] 0 0 0 0  
Impairment of assets [5] 0 0 0 0  
Depreciation and amortization [5] 271 282 588 599  
Capitalized expenditures [5] 0 $ 0 0 $ 0  
Real estate, net [5] 0   0   0
Real estate available and held for sale [5] 0   0   0
Total real estate [5] 0   0   0
Loans receivable and other lending investments, net [5] 0   0   0
Other investments [5] 94,691   94,691   109,384
Total portfolio assets [5] $ 94,691   $ 94,691   $ 109,384
[1] General and administrative excludes stock-based compensation expense of $3.9 million and $7.2 million for the three and six months ended June 30, 2015 and $3.2 million and $5.3 million for the three and six months ended June 30, 2014, respectively.
[2] The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014Segment profit$21,367 $42,304 $41,133 $49,067Less: (Provision for) recovery of loan losses(19,151) 2,792 (23,444) 6,192Less: Impairment of assets(1,674) (3,300) (1,674) (6,279)Less: Stock-based compensation expense(3,947) (3,196) (7,186) (5,271)Less: Depreciation and amortization(15,516) (18,822) (34,017) (37,435)Less: Income tax (expense) benefit(811) 215 (6,688) 722Less: Loss on early extinguishment of debt, net(44) (23,587) (212) (24,767)Net income (loss)$(19,776) $(3,594) $(32,088) $(17,771)
[3] For the three and six months ended June 30, 2015, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $0.3 million and $0.6 million, respectively. For the three and six months ended June 30, 2014, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $2.4 million and $7.6 million, respectively.
[4] The Company's recorded investment in loans as of June 30, 2015 and December 31, 2014 includes accrued interest of $8.8 million and $7.0 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.
[5] 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 included in the other reportable segments above.