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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ (18,326) $ 180,208 $ 100,182
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Provision for (recovery of) loan losses 16,937    
Provision for (recovery of) loan losses   (5,828) (12,514)
Impairment of assets 147,108 32,379 14,484
Depreciation and amortization 58,699 49,934 54,329
Non-cash expense for stock-based compensation 17,563 18,812 10,889
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 15,422 13,857 16,810
Amortization of discounts/premiums and deferred interest on loans, net (41,168) (55,985) (77,851)
Deferred interest on loans received 40,463 52,795 85,374
Gain from consolidation of equity method investment (67,877) 0 0
Gain from discontinued operations 0 (123,418) 0
Losses (earnings) from equity method investments 5,007 (13,015) (77,349)
Distributions from operations of other investments 18,133 42,059 48,732
Deferred operating lease income (14,989) (6,830) (9,921)
Income from sales of real estate (126,004) (92,557) (105,296)
Land development revenue in excess of cost of sales (59,529) (15,963) (26,333)
Loss on early extinguishment of debt, net 10,367 14,724 1,619
Other operating activities, net 3,377 16,878 8,809
Changes in assets and liabilities:      
Changes in accrued interest and operating lease income receivable, net 949 1,424 3,634
Changes in deferred expenses and other assets, net (1,925) (15,230) (5,656)
Changes in accounts payable, accrued expenses and other liabilities, net (28,335) 7,299 (453)
Cash flows provided by (used in) operating activities (24,128) 101,543 29,489
Cash flows from investing activities:      
Originations and fundings of loans receivable, net (482,143) (522,269) (410,975)
Capital expenditures on real estate assets (60,495) (37,067) (69,810)
Capital expenditures on land and development assets (128,543) (121,400) (103,806)
Acquisitions of real estate assets (19,454) (6,600) (38,433)
Repayments of and principal collections on loans receivable and other lending investments, net 832,982 615,620 504,844
Net proceeds from sales of real estate 411,786 314,013 435,560
Net proceeds from sales of land and development assets 223,416 194,090 94,424
Net proceeds from sale of other investments 0 0 43,936
Cash acquired upon consolidation of equity method investments 13,608 0 0
Distributions from other investments 40,804 49,672 92,482
Contributions to and acquisition of interest in other investments (94,578) (224,219) (58,197)
Other investing activities, net 41,476 1,231 (24,997)
Cash flows provided by investing activities 778,859 263,071 465,028
Cash flows from financing activities:      
Borrowings from debt obligations and convertible notes 704,360 2,288,654 716,001
Repayments and repurchases of debt obligations (944,800) (1,921,699) (1,442,938)
Purchase of marketable securities in connection with the defeasance of mortgage notes payable (110,939) 0 0
Proceeds from loan participations payable 0 0 22,844
Preferred dividends paid (32,496) (48,444) (51,320)
Common dividends paid (12,227) 0 0
Repurchase of stock (8,304) (45,928) (99,335)
Redemption of Series E and F preferred stock 0 (240,000) 0
Payments for deferred financing costs (5,471) (32,419) (9,980)
Payments for withholding taxes upon vesting of stock-based compensation (4,807) (724) (1,451)
Distributions to and redemption of noncontrolling interests (60,743) (26,213) (10,771)
Payments for debt prepayment or extinguishment costs (4,132) (14,108) (1,912)
Other financing activities, net 21,620 (599) 1,207
Cash flows used in financing activities (457,939) (41,480) (877,655)
Effect of exchange rate changes on cash 19 (28) 7
Changes in cash, cash equivalents and restricted cash 296,811 323,106 (383,131)
Cash, cash equivalents and restricted cash at beginning of period 677,733 354,627 737,758
Cash, cash equivalents and restricted cash at end of period 974,544 677,733 354,627
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest, net of amount capitalized 171,590 179,208 199,667
Supplemental disclosure of non-cash investing and financing activity:      
Fundings and repayments of loan receivables and loan participations, net (80,095) (57,514) (15,594)
Developer fee payable 0 0 9,478
Acquisitions of real estate and land and development assets through deed-in-lieu 4,600 0 40,583
Contributions of real estate and land and development assets to equity method investments, net 0 0 8,828
Accounts payable for capital expenditures on land and development assets 16,052 3,775 3,674
Marketable securities transferred in connection with the defeasance of mortgage notes payable 110,939 0 0
Accounts payable for capital expenditures on real estate assets 0 2,709 0
Conversion of senior unsecured convertible notes into common stock 0 0 9,596
Defeasance of mortgage notes payable (105,785) 0 0
Receivable from sales of real estate and land parcels 0 4,853 7,509
Financing provided on sales of land and development assets, net 142,639 0 0
Increase in net lease assets upon consolidation of equity method investment 844,550 0 0
Increase in debt obligations upon consolidation of equity method investment 464,706 0 0
Increase in noncontrolling interests upon consolidation of equity method investment $ 200,093 $ 0 $ 0