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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ 180,208 $ 100,182 $ (6,157)
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
(Recovery of) provision for loan losses (5,828) (12,514) 36,567
Impairment of assets 32,379 14,484 10,524
Depreciation and amortization 49,934 54,329 65,247
Non-cash expense for stock-based compensation 18,812 10,889 12,013
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 13,857 16,810 17,352
Amortization of discounts/premiums on loans, net (13,323) (14,873) (11,606)
Deferred interest on loans, net 10,133 22,396 (34,458)
Gain from discontinued operations (123,418) 0 0
Earnings from equity method investments (13,015) (77,349) (32,153)
Distributions from operations of other investments 42,059 48,732 29,999
Deferred operating lease income (6,830) (9,921) (7,950)
Income from sales of real estate (92,557) (105,296) (93,816)
Income from sales of real estate and development revenue in excess of cost of sales (92,049) (105,296) (93,816)
Loss on early extinguishment of debt, net 3,065 1,619 281
Debt discount on repayments and repurchases of debt obligations (6,647) (5,381) (578)
Other operating activities, net 14,429 6,897 5,889
Changes in assets and liabilities:      
Changes in accrued interest and operating lease income receivable, net 1,424 3,634 (2,068)
Changes in deferred expenses and other assets, net (15,806) (6,397) 2,631
Changes in accounts payable, accrued expenses and other liabilities, net 7,299 (453) (17,112)
Cash flows provided by (used in) operating activities 80,212 21,455 (58,229)
Cash flows from investing activities:      
Originations and fundings of loans receivable, net (522,269) (410,975) (478,822)
Capital expenditures on real estate assets (37,067) (69,810) (81,525)
Capital expenditures on land and development assets (121,400) (103,806) (88,219)
Acquisitions of real estate assets (6,600) (38,433) 0
Repayments of and principal collections on loans receivable and other lending investments, net 615,620 504,844 273,454
Net proceeds from sales of loans receivable 0 0 6,655
Net proceeds from sales of real estate 314,013 435,560 362,530
Net proceeds from sale of other investments 194,090 94,424 81,601
Net proceeds from sale of other investments 0 43,936 0
Distributions from other investments 49,672 92,482 119,854
Contributions to and acquisition of interest in other investments (224,219) (58,197) (11,531)
Changes in restricted cash held in connection with investing activities 6,414 1,515 (7,550)
Other investing activities, net 1,231 (24,997) 7,581
Cash flows provided by investing activities 269,485 466,543 184,028
Cash flows from financing activities:      
Borrowings from debt obligations and convertible notes 2,288,654 716,001 549,000
Repayments and repurchases of debt obligations (1,915,052) (1,437,557) (432,383)
Proceeds from loan participations payable 0 22,844 138,075
Preferred dividends paid (48,444) (51,320) (51,320)
Repurchase of stock (45,928) (99,335) (69,511)
Redemption of HPUs 0 0 (9,811)
Redemption of Series E and F preferred stock (240,000) 0 0
Payments for deferred financing costs (32,419) (9,980) (2,255)
Payments for withholding taxes upon vesting of stock-based compensation (724) (1,451) (1,718)
Distributions to and redemption of noncontrolling interests (26,213) (10,771) (8,977)
Other financing activities, net (599) 1,207 1,663
Cash flows provided by (used in) financing activities (20,725) (870,362) 112,763
Effect of exchange rate changes on cash (28) 7 478
Changes in cash and cash equivalents 328,944 (382,357) 239,040
Cash and cash equivalents at beginning of period 328,744 711,101 472,061
Cash and cash equivalents at end of period 657,688 328,744 711,101
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest, net of amount capitalized 179,208 199,667 207,972
Supplemental disclosure of non-cash investing and financing activity:      
Fundings and repayments of loan receivables and loan participations, net (57,514) (15,594) 14,075
Developer fee payable 0 9,478 7,435
Acquisitions of real estate and land and development assets through deed-in-lieu 0 40,583 13,424
Contributions of real estate and land and development assets to equity method investments, net 0 8,828 21,096
Accounts payable for capital expenditures on land and development assets 3,775 3,674 7,143
Accounts payable for capital expenditures on real estate assets 2,709 0 8,107
Conversion of senior unsecured convertible notes into common stock 0 9,596 0
Redemption of HPUs in exchange for common stock 0 0 15,240
Receivable from sales of real estate and land parcels 4,853 7,509 22,695
Land      
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Income from sales of real estate and development revenue in excess of cost of sales $ (15,963) $ (26,333) $ (32,834)