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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 86,702 $ 176,918
Adjustments to reconcile net income to cash flows from operating activities:    
Provision for (recovery of) loan losses 18,237 (8,128)
Impairment of assets 11,177 15,292
Depreciation and amortization 41,857 38,198
Stock-based compensation expense 16,245 12,730
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 11,715 9,793
Amortization of discounts/premiums on loans and deferred interest on loans, net (29,138) (45,189)
Deferred interest on loans received 40,463 36,253
Gain from consolidation of equity method investment (67,877) 0
Gain from discontinued operations 0 (123,418)
(Earnings) losses from equity method investments 4,581 (13,677)
Distributions from operations of other investments 10,875 39,076
Deferred operating lease income (8,119) (4,744)
Income from sales of real estate (79,353) (28,775)
Land development revenue in excess of cost of sales (50,784) (12,834)
Loss on early extinguishment of debt, net 3,447 4,142
Other operating activities, net 1,775 14,737
Changes in assets and liabilities:    
Changes in accrued interest and operating lease income receivable 2,574 2,312
Changes in deferred expenses and other assets, net (3,767) (6,973)
Changes in accounts payable, accrued expenses and other liabilities (47,227) (5,792)
Cash flows provided by (used in) operating activities (36,617) 99,921
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (421,518) (177,952)
Capital expenditures on real estate assets (44,211) (24,891)
Capital expenditures on land and development assets (98,489) (84,966)
Acquisitions of real estate assets (3,390) 0
Repayments of and principal collections on loans receivable and other lending investments, net 714,898 491,680
Net proceeds from sales of real estate 271,358 201,939
Net proceeds from sales of land and development assets 183,520 174,979
Cash, cash equivalents and restricted cash acquired upon consolidation of equity method investment 13,608 0
Distributions from other investments 27,086 40,772
Contributions to and acquisition of interest in other investments (68,666) (181,279)
Other investing activities, net 5,019 646
Cash flows provided by investing activities 579,215 440,928
Cash flows from financing activities:    
Borrowings from debt obligations and convertible notes 349,988 1,903,643
Repayments and repurchases of debt obligations (690,452) (733,429)
Preferred dividends paid (24,372) (38,490)
Common dividends paid 6,103 0
Repurchase of common stock (8,304) (45,928)
Payments for deferred financing costs (6,276) (27,972)
Payments for withholding taxes upon vesting of stock-based compensation (4,187) (511)
Payments for debt prepayment or extinguishment costs 0 (5,182)
Distributions to noncontrolling interests (46,000) (12,889)
Other financing activities, net 7,703 (599)
Cash flows provided by (used in) financing activities (428,003) 1,038,643
Effect of exchange rate changes on cash 30 19
Changes in cash, cash equivalents and restricted cash 114,625 1,579,511
Cash, cash equivalents and restricted cash at beginning of period 677,733 354,627
Cash, cash equivalents and restricted cash at end of period 792,358 1,934,138
Supplemental disclosure of non-cash investing and financing activity:    
Fundings and repayments of loan receivables and loan participations, net (84,213) (37,405)
Accounts payable for capital expenditures on land and development assets 9,169 5,700
Accounts payable for capital expenditures on real estate assets 2,184 2,574
Accrued financing costs 0 3,031
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 in noncontrolling interests upon consolidation of equity method investment 200,093 0
Accrual for redemption of preferred stock and preferred stock dividends $ 0 $ 241,830