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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 663,306 $ (3,427)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Provision for (recovery of) loan losses 22,713 (6,057)
Provision for losses on net investment in leases 380 (1,866)
Impairment of assets 3,260 1,785
Depreciation and amortization 2,695 30,115
Non-cash interest income from sales-type leases (1,706) (18,808)
Stock-based compensation (income) expense (30,350) 20,299
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 5,278 3,957
Amortization of discounts/premiums and deferred interest on loans, net (5,398) (7,459)
Deferred interest on loans received 4,738 23,703
Earnings from equity method investments (171,305) (25,466)
Distributions from operations of other investments 130,245 18,193
Deferred operating lease income (2,267) (5,211)
Income from sales of real estate (684,229) (2,822)
Land development revenue in excess of cost of sales (712) (4,441)
Loss on early extinguishment of debt, net 159,399 0
Other operating activities, net (9,958) (2,148)
Changes in assets and liabilities:    
Originations and fundings of loans receivable held for sale 0 (62,525)
Changes in accrued interest and operating lease income receivable 1,937 3,572
Changes in deferred expenses and other assets, net (8,921) (1,637)
Changes in accounts payable, accrued expenses and other liabilities (51,724) (4,719)
Cash flows provided by (used in) operating activities 27,381 (44,962)
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (4,762) (65,208)
Capital expenditures on real estate assets (858) (4,287)
Capital expenditures on land and development assets (10,165) (8,382)
Acquisition of real estate, net investments in leases and land assets (34,115) (42,000)
Repayments of and principal collections on loans receivable and other lending investments, net 57,273 209,779
Net proceeds from sales of loans receivable 145,583 79,560
Net proceeds from sales of real estate 1,981,599 3,259
Net proceeds from sales of net investment in leases 572,251 12,825
Net proceeds from sales of land and development assets 38,004 61,945
Distributions from other investments 153,629 22,996
Contributions to and acquisition of interest in other investments (273,179) (91,419)
Other investing activities, net (138) 4,910
Cash flows provided by investing activities 2,625,122 183,978
Cash flows from financing activities:    
Borrowings from debt obligations 50,000 25,000
Repayments and repurchases of debt obligations (1,037,079) (35,900)
Purchase of marketable securities in connection with the defeasance of mortgage notes payable (252,571) 0
Preferred dividends paid (11,748) (11,748)
Common dividends paid (19,385) (17,304)
Repurchase of stock 0 (32,556)
Payments for debt prepayment or extinguishment costs (16,289) 0
Payments for deferred financing costs 0 (75)
Payments for withholding taxes upon vesting of stock-based compensation (10,428) (2,181)
Contributions from noncontrolling interests 7,893 64
Distributions to noncontrolling interests (351,005) (6,401)
Cash flows used in financing activities (1,640,612) (81,101)
Effect of exchange rate changes on cash (50) (111)
Changes in cash, cash equivalents and restricted cash 1,011,841 57,804
Cash, cash equivalents and restricted cash at beginning of period 393,996 150,566
Cash, cash equivalents and restricted cash at end of period $ 1,405,837 $ 208,370