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Debt Obligations, net (Encumbered/Unencumbered Assets) (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Real estate, net $ 1,578,600 $ 1,593,983
Real estate available and held for sale 132,395 137,274
Land and development, net 1,024,434 1,001,963
Loans receivable and other lending investments, net 1,637,387 1,601,985
Other investments 233,990 254,172
Cash and other assets 885,372 1,008,415
Total assets 5,492,178 5,597,792
General reserves for loan losses 36,600 36,000
Loans receivable, net 1,590,676 1,539,696
Loan Participations Payable    
Debt Instrument [Line Items]    
Loans receivable, net 154,900 153,000
Encumbered Assets    
Debt Instrument [Line Items]    
Real estate, net 806,550 816,721
Real estate available and held for sale 13,047 10,593
Land and development, net 17,682 17,714
Loans receivable and other lending investments, net 157,347 170,162
Other investments 15,385 22,352
Cash and other assets 0 0
Total assets 1,010,011 1,037,542
Unencumbered Assets    
Debt Instrument [Line Items]    
Real estate, net 772,050 777,262
Real estate available and held for sale 119,348 126,681
Land and development, net 1,006,752 984,249
Loans receivable and other lending investments, net 1,361,735 1,314,823
Other investments 218,605 231,820
Cash and other assets 885,372 1,008,415
Total assets $ 4,363,862 $ 4,443,250