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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 366,721 $ 95,532
Adjustments to reconcile net income to cash flows from operating activities:    
Provision for loan losses 13 18,037
Impairment of assets 4,953 10,188
Depreciation and amortization 29,386 21,878
Non-cash interest income from sales-type leases (704) 0
Stock-based compensation expense 13,954 12,593
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 7,050 7,900
Amortization of discounts/premiums and deferred interest on loans, net (22,525) (18,487)
Deferred interest on loans received 5,850 39,254
Gain from consolidation of equity method investment 0 (67,877)
Selling profit from sales-type leases (180,416) 0
Earnings from equity method investments (8,949) 3,946
Distributions from operations of other investments 6,895 6,745
Deferred operating lease income (9,767) (3,752)
Income from sales of real estate (229,930) (73,943)
Land development revenue in excess of cost of sales 1,910 (50,588)
Loss on early extinguishment of debt, net 468 2,536
Other operating activities, net 11,816 3,281
Changes in assets and liabilities:    
Changes in accrued interest and operating lease income receivable 1,696 1,530
Changes in deferred expenses and other assets, net (3,768) (2,426)
Changes in accounts payable, accrued expenses and other liabilities (34,157) (27,483)
Cash flows used in operating activities (39,504) (21,136)
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (148,113) (294,476)
Capital expenditures on real estate assets (12,021) (17,805)
Capital expenditures on land and development assets (73,314) (61,577)
Acquisitions of real estate, net investments in leases and land assets (129,856) (3,390)
Repayments of and principal collections on loans receivable and other lending investments, net 229,955 552,696
Net proceeds from sales of real estate 294,737 238,834
Net proceeds from sales of land and development assets 18,095 170,662
Cash, cash equivalents and restricted cash acquired upon consolidation of equity method investment 0 13,608
Distributions from other investments 49,695 22,296
Contributions to and acquisition of interest in other investments (310,812) (53,012)
Payments for deposits on investments (20,000) 0
Other investing activities, net (22,354) (1,357)
Cash flows provided by (used in) investing activities (123,988) 566,479
Cash flows from financing activities:    
Borrowings from debt obligations 63,500 332,746
Repayments and repurchases of debt obligations (384,723) (412,215)
Preferred dividends paid (16,248) (16,248)
Common dividends paid (12,565) 0
Repurchase of stock (57,368) (8,304)
Payments for deferred financing costs (62) (4,921)
Payments for withholding taxes upon vesting of stock-based compensation (1,842) (4,008)
Distributions to noncontrolling interests (7,610) (43,174)
Other financing activities, net 119 8
Cash flows used in financing activities (416,799) (156,116)
Effect of exchange rate changes on cash 0 30
Changes in cash, cash equivalents and restricted cash (580,291) 389,257
Cash, cash equivalents and restricted cash at beginning of period 974,544 677,733
Cash, cash equivalents and restricted cash at end of period 394,253 1,066,990
Supplemental disclosure of non-cash investing and financing activity:    
Fundings and repayments of loan receivables and loan participations, net 7,394 87,800
Accrued repurchase of stock 977 0
Contributions of land and development assets to equity method investments, net 4,073 0
Sales-type lease origination 411,523 0
Acquisition of land and development asset through joint venture consolidation 27,000 0
Accounts payable for capital expenditures on land and development assets 0 12,473
Assumption of mortgage by third party 228,000 0
Acquisitions of land and development assets through foreclosure 0 4,600
Financing provided on sales of land and development assets, net 0 142,639
Increase in net lease assets upon consolidation of equity method investment 0 844,550
Increase in debt obligations upon consolidation of equity method investment 0 464,706
Increase in noncontrolling interests upon consolidation of equity method investment $ 0 $ 200,093