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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Depreciation, Depletion and Amortization $ 29,182 $ 34,017
Cash flows from operating activities:    
Net income (loss) 50,487 (32,088)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Provision for loan losses 2,206 23,444
Impairment of assets 3,012 1,674
Payments for withholding taxes upon vesting of stock-based compensation (1,203) (1,683)
Non-cash expense for stock-based compensation 6,211 7,186
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 8,901 8,275
Amortization of discounts/premiums on loans, net (7,237) (4,977)
Deferred interest on loans, net 4,631 (32,840)
Earnings from equity method investments (47,714) (15,332)
Distributions from operations of other investments 31,479 7,843
Deferred operating lease income (4,993) (3,700)
Income from sales of real estate (53,943) (39,511)
Land development revenue in excess of cost of sales (53,943) (39,511)
Loss on early extinguishment of debt, net 1,582 212
Debt discount on repayments of debt obligations (5,369) (498)
Other operating activities, net 2,651 2,540
Changes in assets and liabilities:    
Changes in accrued interest and operating lease income receivable, net 4,436 351
Changes in deferred expenses and other assets, net 1,677 5,293
Changes in accounts payable, accrued expenses and other liabilities (13,052) (21,321)
Cash flows used in operating activities (1,053) (63,774)
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (158,262) (267,245)
Capital expenditures on real estate assets (35,674) (33,210)
Capital expenditures on land and development assets (58,961) (42,050)
Acquisitions of real estate assets (3,915) 0
Repayments of and principal collections on loans receivable and other lending investments, net 202,014 74,989
Net proceeds from sales of loans receivable 0 5,595
Net proceeds from sales of real estate 247,956 209,142
Net proceeds from sales of land and development assets 33,660 14,745
Net proceeds from sales of other investments 39,810 0
Distributions from other investments 8,632 67,358
Contributions to other investments (8,283) (7,449)
Changes in restricted cash held in connection with investing activities 3,220 (14,359)
Deposits paid to escrow account, net 0 (25,180)
Other investing activities, net (5,677) 15,308
Cash flows provided by (used in) investing activities 264,520 (2,356)
Cash flows from financing activities:    
Borrowings from debt obligations 646,401 374,000
Repayments of debt obligations (991,184) (247,055)
Proceeds from loan participations payable 22,844 138,075
Preferred dividends paid (25,660) (25,660)
Repurchase of stock (90,481) (561)
Payments for deferred financing costs (8,003) (2,255)
Other financing activities, net (7,144) (5,771)
Cash flows (used in) provided by financing activities (453,227) 230,773
Effect of exchange rate changes on cash 22 432
Changes in cash and cash equivalents (189,738) 165,075
Cash and cash equivalents at beginning of period 711,101 472,061
Cash and cash equivalents at end of period 521,363 637,136
Land    
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Land development revenue in excess of cost of sales $ (13,997) $ (2,659)