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Debt Obligations, net (Collateral Assets) (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Debt Instrument [Line Items]    
Real estate, net $ 1,282,031 $ 1,387,274
Real estate available and held for sale 68,588 237,531
Land and development, net 860,311 945,565
Loans receivable and other lending investments, net 1,300,655 1,450,439
Other investments 321,241 214,406
Cash and other assets 898,252 590,299
Total assets 4,731,078 4,825,514
General reserves for loan losses 78,489 85,545
Loan participations 1,211,079 1,370,523
Collectively Evaluated for Impairment    
Debt Instrument [Line Items]    
General reserves for loan losses 17,500 23,300
Loan Participations Payable    
Debt Instrument [Line Items]    
Loan participations 102,300 159,100
Collateral Assets    
Debt Instrument [Line Items]    
Real estate, net 795,321 881,212
Real estate available and held for sale 20,069 0
Land and development, net 25,100 35,165
Loans receivable and other lending investments, net 194,529 172,581
Other investments 0 0
Cash and other assets 0 0
Total assets 1,035,019 1,088,958
Non-Collateral Assets    
Debt Instrument [Line Items]    
Real estate, net 486,710 506,062
Real estate available and held for sale 48,519 237,531
Land and development, net 835,211 910,400
Loans receivable and other lending investments, net 1,021,340 1,142,050
Other investments 321,241 214,406
Cash and other assets 898,252 590,299
Total assets $ 3,611,273 $ 3,600,748