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Segment Reporting (Schedule of Segments) (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2017
USD ($)
segments
Jun. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Segment Reporting [Abstract]          
Number of reportable segments | segments     4    
Segment Reporting          
Operating lease income $ 47,002 $ 49,975 $ 94,349 $ 100,470  
Interest income 28,645 34,400 57,703 67,620  
Other income 139,510 10,096 151,374 21,636  
Land development revenue 132,710 27,888 152,760 42,835  
Earnings from equity method investments 5,515 39,447 11,217 47,714  
Income from discontinued operations 173 3,633 4,939 7,214  
Gain from discontinued operations 123,418 0 123,418 0  
Income from sales of real estate [1] 844 43,484 8,954 53,943  
Total revenue and other earnings 477,817 208,923 604,714 341,432  
Real estate expense (34,684) (35,328) (70,274) (69,572)  
Land development cost of sales (122,466) (17,262) (138,376) (28,838)  
Other expense (16,276) (3,182) (18,145) (3,922)  
Allocated interest expense (48,807) (56,047) (99,952) (113,068)  
Allocated general and administrative (23,303) (18,032) (42,596) (36,557)  
Segment profit (loss) 232,281 79,072 235,371 89,475  
Other significant items:          
Recovery of loan losses (600)   (5,528)    
(Recovery of) provision for loan losses (600) 700 (5,528) 2,206  
Impairment of assets 10,284 3,012 14,696 3,012  
Depreciation and amortization 13,171 13,673 25,451 27,581  
Capitalized expenditures 39,558 46,077 75,132 96,993  
Real estate, net 1,342,982   1,342,982   $ 1,387,274
Real estate available and held for sale 68,045   68,045   237,531
Total real estate 1,411,027   1,411,027   1,624,805
Land and development, net 855,497   855,497   945,565
Loans receivable and other lending investments, net 1,170,565   1,170,565   1,450,439
Other investments 276,821   276,821   214,406
Total portfolio assets 3,713,910   3,713,910   4,235,215
Cash and other assets 1,200,845   1,200,845   590,299
Total assets 4,914,755   4,914,755   4,825,514
Stock-based compensation expense 3,915 1,633 9,796 6,211  
Land and Development          
Segment Reporting          
Income from sales of real estate     14,384 13,997  
Operating Segments | Real Estate Finance          
Segment Reporting          
Operating lease income 0 0 0 0  
Interest income 28,645 34,400 57,703 67,620  
Other income 479 323 556 1,620  
Land development revenue 0 0 0 0  
Earnings from equity method investments 0 0 0 0  
Income from discontinued operations 0 0 0 0  
Gain from discontinued operations 0   0    
Income from sales of real estate 0 0 0 0  
Total revenue and other earnings 29,124 34,723 58,259 69,240  
Real estate expense 0 0 0 0  
Land development cost of sales 0 0 0 0  
Other expense (399) (925) (1,004) (839)  
Allocated interest expense (10,508) (14,631) (22,396) (29,333)  
Allocated general and administrative (4,691) (3,786) (8,287) (7,617)  
Segment profit (loss) 13,526 15,381 26,572 31,451  
Other significant items:          
Recovery of loan losses (600)   (5,528)    
(Recovery of) provision for loan losses   700   2,206  
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
Land and development, net 0   0   0
Loans receivable and other lending investments, net 1,170,565   1,170,565   1,450,439
Other investments 0   0   0
Total portfolio assets 1,170,565   1,170,565   1,450,439
Operating Segments | Net Lease          
Segment Reporting          
Operating lease income 30,852 32,042 62,104 63,350  
Interest income 0 0 0 0  
Other income 550 432 1,056 512  
Land development revenue 0 0 0 0  
Earnings from equity method investments 1,080 944 2,062 1,890  
Income from discontinued operations 173 3,633 4,939 7,214  
Gain from discontinued operations 123,418   123,418    
Income from sales of real estate 0 4,338 6,212 9,267  
Total revenue and other earnings 156,073 41,389 199,791 82,233  
Real estate expense (4,064) (4,618) (8,640) (9,065)  
Land development cost of sales 0 0 0 0  
Other expense 0 0 0 0  
Allocated interest expense (13,669) (16,464) (29,404) (32,700)  
Allocated general and administrative (5,921) (4,313) (10,563) (8,609)  
Segment profit (loss) 132,419 15,994 151,184 31,859  
Other significant items:          
Recovery of loan losses 0   0    
(Recovery of) provision for loan losses   0   0  
Impairment of assets 219 0 219 0  
Depreciation and amortization 7,400 7,977 15,039 16,028  
Capitalized expenditures 917 1,625 1,687 2,476  
Real estate, net 863,406   863,406   911,112
Real estate available and held for sale 924   924   155,051
Total real estate 864,330   864,330   1,066,163
Land and development, net 0   0   0
Loans receivable and other lending investments, net 0   0   0
Other investments 179,284   179,284   92,669
Total portfolio assets 1,043,614   1,043,614   1,158,832
Operating Segments | Operating Properties          
Segment Reporting          
Operating lease income 15,940 17,828 31,929 36,909  
Interest income 0 0 0 0  
Other income 13,333 7,213 23,688 14,557  
Land development revenue 0 0 0 0  
Earnings from equity method investments 469 31,076 1,101 30,934  
Income from discontinued operations 0 0 0 0  
Gain from discontinued operations 0   0    
Income from sales of real estate 844 39,146 2,742 44,676  
Total revenue and other earnings 30,586 95,263 59,460 127,076  
Real estate expense (22,653) (20,796) (44,171) (41,916)  
Land development cost of sales 0 0 0 0  
Other expense 0 0 0 0  
Allocated interest expense (5,006) (5,849) (10,612) (12,469)  
Allocated general and administrative (2,364) (1,638) (4,119) (3,508)  
Segment profit (loss) 563 66,980 558 69,183  
Other significant items:          
Recovery of loan losses 0   0    
(Recovery of) provision for loan losses   0   0  
Impairment of assets 0 3,012 4,413 3,012  
Depreciation and amortization 4,923 5,022 8,962 10,305  
Capitalized expenditures 8,355 12,446 16,566 28,243  
Real estate, net 479,576   479,576   476,162
Real estate available and held for sale 67,121   67,121   82,480
Total real estate 546,697   546,697   558,642
Land and development, net 0   0   0
Loans receivable and other lending investments, net 0   0   0
Other investments 7,882   7,882   3,583
Total portfolio assets 554,579   554,579   562,225
Operating Segments | Land and Development          
Segment Reporting          
Operating lease income 210 105 316 211  
Interest income 0 0 0 0  
Other income 123,871 1,167 124,256 2,232  
Land development revenue 132,710 27,888 152,760 42,835  
Earnings from equity method investments 3,606 2,688 7,448 9,348  
Income from discontinued operations 0 0 0 0  
Gain from discontinued operations 0   0    
Income from sales of real estate 0 0 0 0  
Total revenue and other earnings 260,397 31,848 284,780 54,626  
Real estate expense (7,967) (9,914) (17,463) (18,591)  
Land development cost of sales (122,466) (17,262) (138,376) (28,838)  
Other expense 0 0 0 0  
Allocated interest expense (7,122) (8,668) (15,240) (17,027)  
Allocated general and administrative (5,004) (3,327) (8,930) (6,597)  
Segment profit (loss) 117,838 (7,323) 104,771 (16,427)  
Other significant items:          
Recovery of loan losses 0   0    
(Recovery of) provision for loan losses   0   0  
Impairment of assets 10,065 0 10,064 0  
Depreciation and amortization 521 400 791 699  
Capitalized expenditures 30,286 32,006 56,879 66,274  
Real estate, net 0   0   0
Real estate available and held for sale 0   0   0
Total real estate 0   0   0
Land and development, net 855,497   855,497   945,565
Loans receivable and other lending investments, net 0   0   0
Other investments 62,417   62,417   84,804
Total portfolio assets 917,914   917,914   1,030,369
Corporate/Other          
Segment Reporting          
Operating lease income 0 0 0 0  
Interest income 0 0 0 0  
Other income 1,277 961 1,818 2,715  
Land development revenue 0 0 0 0  
Earnings from equity method investments 360 4,739 606 5,542  
Income from discontinued operations 0 0 0 0  
Gain from discontinued operations 0   0    
Income from sales of real estate 0 0 0 0  
Total revenue and other earnings 1,637 5,700 2,424 8,257  
Real estate expense 0 0 0 0  
Land development cost of sales 0 0 0 0  
Other expense (15,877) (2,257) (17,141) (3,083)  
Allocated interest expense (12,502) (10,435) (22,300) (21,539)  
Allocated general and administrative (5,323) (4,968) (10,697) (10,226)  
Segment profit (loss) (32,065) (11,960) (47,714) (26,591)  
Other significant items:          
Recovery of loan losses 0   0    
(Recovery of) provision for loan losses   0   0  
Impairment of assets 0 0 0 0  
Depreciation and amortization 327 274 659 549  
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
Land and development, net 0   0   0
Loans receivable and other lending investments, net 0   0   0
Other investments 27,238   27,238   33,350
Total portfolio assets $ 27,238   $ 27,238   $ 33,350
[1] Income from sales of real estate represents gains from sales of real estate that do not qualify as discontinued operations.