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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 127,567 $ (20,793)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
(Recovery of) provision for loan losses (7,613) 4,093
(Recovery of) provision for losses on net investment in leases (1,735) 2,001
Impairment of assets 2,965 6,491
Depreciation and amortization 44,971 43,407
Non-cash interest income from sales-type leases (22,243) (15,681)
Stock-based compensation expense 23,300 26,675
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 5,920 10,055
Amortization of discounts/premiums and deferred interest on loans, net (11,730) (24,360)
Deferred interest on loans received 24,394 15,275
Earnings from equity method investments (114,675) (26,003)
Distributions from operations of other investments 37,433 17,146
Deferred operating lease income (7,874) (11,276)
Income from sales of real estate (28,433) (6,118)
Land development revenue in excess of cost of sales (10,429) (1,550)
Loss on early extinguishment of debt, net 0 12,038
Other operating activities, net (14,031) (21,207)
Changes in assets and liabilities:    
Originations and fundings of loans receivable, net (42,000) 0
Changes in accrued interest and operating lease income receivable 5,259 352
Changes in deferred expenses and other assets, net (9,186) (6,079)
Changes in accounts payable, accrued expenses and other liabilities (6,601) (10,644)
Cash flows used in operating activities (4,741) (6,178)
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (71,921) (80,635)
Capital expenditures on real estate assets (5,835) (11,661)
Capital expenditures on land and development assets (15,603) (33,488)
Acquisition of real estate, net investments in leases and land assets (42,000) 0
Repayments of and principal collections on loans receivable and other lending investments, net 226,065 151,612
Net proceeds from sales of loans receivable 122,609 0
Net proceeds from sales of real estate 140,576 42,684
Net proceeds from sales of land and development assets 154,094 113,670
Net proceeds from sales of other investments 3,000 0
Distributions from other investments 34,926 12,139
Contributions to and acquisition of interest in other investments (171,005) (194,775)
Other investing activities, net (1,184) (5,214)
Cash flows provided by (used in) investing activities 373,722 (5,668)
Cash flows from financing activities:    
Borrowings from debt obligations 25,000 737,913
Repayments and repurchases of debt obligations (44,534) (824,740)
Preferred dividends paid (17,622) (17,622)
Common dividends paid (26,149) (24,397)
Repurchase of stock (88,946) (47,272)
Payments for debt prepayment or extinguishment costs 0 (8,567)
Payments for deferred financing costs (75) (7,475)
Payments for withholding taxes upon vesting of stock-based compensation (2,210) (2,001)
Contributions from noncontrolling interests 233 760
Distributions to noncontrolling interests (10,317) (10,975)
Cash flows (used in) provided by financing activities (164,620) (204,376)
Effect of exchange rate changes on cash (126) (10)
Changes in cash, cash equivalents and restricted cash 204,235 (216,232)
Cash, cash equivalents and restricted cash at beginning of period 150,566 352,206
Cash, cash equivalents and restricted cash at end of period 354,801 135,974
Reconciliation of cash and cash equivalents and restricted cash presented on the consolidated statements of cash flows    
Cash and cash equivalents 298,886 [1] 88,187
Restricted cash included in deferred expenses and other assets, net 55,915 47,787
Cash, cash equivalents and restricted cash at end of period 354,801 135,974
Supplemental disclosure of non-cash investing and financing activity:    
Fundings and (repayments) of loan receivables and loan participations, net (42,501) 6,160
Accounts payable for capital expenditures on real estate assets 1,125  
Contributions to other investments 2,000  
Accrued repurchase of stock $ 3,117 $ 499
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).