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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 95,532 $ 180,635
Adjustments to reconcile net income to cash flows from operating activities:    
Provision for (recovery of) loan losses 18,037 (5,528)
Impairment of assets 10,188 14,696
Depreciation and amortization 21,878 26,352
Non-cash expense for stock-based compensation 12,593 9,796
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 7,900 6,615
Amortization of discounts/premiums on loans and deferred interest on loans, net (18,487) (31,445)
Deferred interest on loans received 39,254 23,177
Gain from consolidation of equity method investment (67,877) 0
Gain from discontinued operations 0 (123,418)
(Earnings) losses from equity method investments 3,946 (11,217)
Distributions from operations of other investments 6,745 35,502
Deferred operating lease income (3,752) (3,070)
Income from sales of real estate (73,943) (9,462)
Land development revenue in excess of cost of sales (50,588) (14,384)
Loss on early extinguishment of debt, net 2,536 3,525
Other operating activities, net 3,281 10,606
Changes in assets and liabilities:    
Changes in accrued interest and operating lease income receivable 1,530 2,798
Changes in deferred expenses and other assets, net (2,426) (7,567)
Changes in accounts payable, accrued expenses and other liabilities (27,483) 3,941
Cash flows provided by (used in) operating activities (21,136) 111,552
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (294,476) (130,701)
Capital expenditures on real estate assets (17,805) (16,346)
Capital expenditures on land and development assets (61,577) (53,894)
Acquisitions of real estate assets (3,390) 0
Repayments of and principal collections on loans receivable and other lending investments, net 552,696 367,028
Net proceeds from sales of real estate 238,834 154,291
Net proceeds from sales of land and development assets 170,662 146,713
Cash, cash equivalents and restricted cash acquired upon consolidation of equity method investment 13,608 0
Distributions from other investments 22,296 11,275
Contributions to and acquisition of interest in other investments (53,012) (139,139)
Other investing activities, net (1,357) 5,317
Cash flows provided by investing activities 566,479 344,544
Cash flows from financing activities:    
Borrowings from debt obligations and convertible notes 332,746 854,637
Repayments and repurchases of debt obligations (412,215) (632,237)
Preferred dividends paid (16,248) (25,660)
Repurchase of stock (8,304) 0
Payments for deferred financing costs (4,921) (12,243)
Payments for withholding taxes upon vesting of stock-based compensation (4,008) (511)
Payments for debt prepayment or extinguishment costs 0 (3,637)
Distributions to noncontrolling interests (43,174) (12,759)
Other financing activities, net 8 (661)
Cash flows provided by (used in) financing activities (156,116) 166,929
Effect of exchange rate changes on cash 30 7
Changes in cash, cash equivalents and restricted cash 389,257 623,032
Cash, cash equivalents and restricted cash at beginning of period 677,733 354,627
Cash, cash equivalents and restricted cash at end of period 1,066,990 977,659
Supplemental disclosure of non-cash investing and financing activity:    
Fundings and repayments of loan receivables and loan participations, net (87,800) (52,406)
Accounts payable for capital expenditures on land and development assets 12,473 2,984
Accounts payable for capital expenditures on real estate assets 0 1,488
Receivable from sales of real estate and land parcels 0 3,139
Acquisitions of land and development assets through foreclosure 4,600 0
Financing provided on sales of land and development assets, net 142,639 0
Increase in net lease assets upon consolidation of equity method investment 844,550 0
Increase in debt obligations upon consolidation of equity method investment 464,706 0
Increase To Noncontrolling Interest Upon Consolidation Of Equity Method Investment $ 200,093  
Increase in noncontrolling interests upon consolidation of equity method investment   $ 0