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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ (15,372) $ (9,299)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
(Recovery of) provision for loan losses (4,928) 1,506
Impairment of assets 4,413 0
Depreciation and amortization 13,067 14,708
Non-cash expense for stock-based compensation 5,881 4,577
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 3,512 4,601
Amortization of discounts/premiums on loans, net (3,184) (3,422)
Deferred interest on loans, net (11,467) (12,114)
Earnings from equity method investments (5,702) (8,267)
Distributions from operations of other investments 20,029 26,317
Deferred operating lease income (2,109) (2,126)
Income from sales of real estate (8,618) (10,458)
Land development revenue in excess of cost of sales (8,618) (10,458)
Loss on early extinguishment of debt, net 210 125
Debt discount on repayments of debt obligations (267) (492)
Other operating activities, net 2,683 1,599
Changes in assets and liabilities:    
Changes in accrued interest and operating lease income receivable, net 2,214 2,415
Changes in deferred expenses and other assets, net (8,726) 1,034
Changes in accounts payable, accrued expenses and other liabilities (24,987) (23,023)
Cash flows used in operating activities (37,491) (15,691)
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (61,605) (94,343)
Capital expenditures on real estate assets (7,781) (17,735)
Capital expenditures on land and development assets (27,604) (29,375)
Repayments of and principal collections on loans receivable and other lending investments, net 171,066 73,211
Net proceeds from sales of real estate 30,215 35,680
Net proceeds from sales of land and development assets 20,923 8,775
Distributions from other investments 4,709 7,675
Contributions to other investments (1,813) (6,377)
Changes in restricted cash held in connection with investing activities 284 1,660
Other investing activities, net 1,801 7,716
Cash flows provided by (used in) investing activities 130,195 (13,113)
Cash flows from financing activities:    
Borrowings from debt obligations 854,637 275,000
Repayments and repurchases of debt obligations (353,191) (282,755)
Preferred dividends paid (12,830) (12,830)
Repurchase of stock 0 (58,760)
Payments for deferred financing costs (11,497) 0
Payments for withholding taxes upon vesting of stock-based compensation (420) (1,109)
Other financing activities, net (661) (10,686)
Cash flows provided by (used in) financing activities 476,038 (91,140)
Effect of exchange rate changes on cash 1 24
Changes in cash and cash equivalents 568,743 (119,920)
Cash and cash equivalents at beginning of period 328,744 711,101
Cash and cash equivalents at end of period 897,487 591,181
Supplemental disclosure of non-cash investing and financing activity:    
Fundings of loan receivables and loan participations 22,602 1,905
Accounts payable for capital expenditures on land and development assets 0 3,650
Accounts payable for capital expenditures on real estate assets 781 0
Land and Development    
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Land development revenue in excess of cost of sales $ (4,140) $ (3,372)