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Debt Obligations, net (Encumbered/Unencumbered Assets) (Details) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Debt Instrument [Line Items]    
Real estate, net $ 1,342,982 $ 1,387,274
Real estate available and held for sale 68,045 237,531
Land and development, net 855,497 945,565
Loans receivable and other lending investments, net 1,170,565 1,450,439
Other investments 276,821 214,406
Cash and other assets 1,200,845 590,299
Total assets 4,914,755 4,825,514
Loans receivable, net 1,084,976 1,370,523
Total loan participations payable, net    
Debt Instrument [Line Items]    
Loans receivable, net 107,100 159,100
Collectively Evaluated for Impairment    
Debt Instrument [Line Items]    
General reserves for loan losses 17,800 23,300
Encumbered Assets    
Debt Instrument [Line Items]    
Real estate, net 871,613 881,212
Real estate available and held for sale 0 0
Land and development, net 25,100 35,165
Loans receivable and other lending investments, net 137,722 172,581
Other investments 0 0
Cash and other assets 0 0
Total assets 1,034,435 1,088,958
Unencumbered Assets    
Debt Instrument [Line Items]    
Real estate, net 471,369 506,062
Real estate available and held for sale 68,045 237,531
Land and development, net 830,397 910,400
Loans receivable and other lending investments, net 943,592 1,142,050
Other investments 276,821 214,406
Cash and other assets 1,200,845 590,299
Total assets $ 3,791,069 $ 3,600,748