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Segment Reporting (Schedule of Segments) (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2022
USD ($)
Sep. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Segment Profit (Loss)                      
Number of reportable segments | segment                 4    
Revenues $ 30,278 $ 47,757 $ 48,063 $ 31,953 $ 50,760 $ 143,632 $ 54,254 $ 59,984 $ 158,051 $ 308,630 $ 324,099
Earnings from equity method investments                 58,680 154,344 39,472
Selling profit from sales-type leases                   25,034  
Income from sales of real estate                 26,629 26,319 6,318
Total revenue and other earnings                 243,360 489,293 369,889
Other expense                 (8,913) (8,114) (569)
Allocated interest expense                 (98,051) (115,400) (126,828)
Allocated general and administrative                 (48,935) (62,442) (61,525)
Segment profit (loss)                 (27,594) 85,382 (42,843)
Other significant items:                      
Provision for (recovery of) loan losses                 44,998 (8,085) 8,866
Impairment of assets                 15,109 678 5,791
Depreciation and amortization                 5,470 7,072 7,327
Capitalized expenditures                 21,399 27,269 53,906
Segment assets                      
Real estate, net [1] 76,497       92,150       76,497 92,150  
Real estate available and held for sale [1] 3,977       301       3,977 301  
Total real estate [1] 80,474       92,451       80,474 92,451  
Real estate and other assets available and held for sale and classified as discontinued operations [1],[2] 2,939       2,299,711       2,939 2,299,711  
Net investment in leases [1]         43,215         43,215  
Land and development, net [1] 232,014       286,810       232,014 286,810  
Loans receivable and other lending investments, net 48,655       332,844       48,655 332,844  
Loan receivable held for sale [1] 37,650       43,215       37,650 43,215  
Other investments [1] 1,360,682       1,297,281       1,360,682 1,297,281  
Total portfolio assets 1,762,414       4,395,527       1,762,414 4,395,527  
Cash and other assets 1,490,814       445,007       1,490,814 445,007  
Total assets [1] 3,253,228       4,840,534       3,253,228 4,840,534  
Stock-based compensation expense                 (27,664) 69,261 39,354
Operating lease income                      
Segment Profit (Loss)                      
Revenues                 12,859 16,824 24,276
Interest income                      
Segment Profit (Loss)                      
Revenues                 12,415 31,229 56,676
Interest income from sales-type leases                      
Segment Profit (Loss)                      
Revenues                 869 1,215  
Other income                      
Segment Profit (Loss)                      
Revenues [3]                 70,155 70,259 78,445
Land development revenue                      
Segment Profit (Loss)                      
Revenues                 61,753 189,103 164,702
Cost of sales expense                 (63,441) (171,961) (177,727)
Real estate expense                      
Segment Profit (Loss)                      
Cost of sales expense                 (51,614) (45,994) (46,083)
Operating Segments | Net Lease                      
Segment Profit (Loss)                      
Earnings from equity method investments                 41,692 108,399 53,476
Income from sales of real estate                 1,443 0 6,056
Total revenue and other earnings                 64,631 126,209 74,942
Other expense                 (595) (587) 0
Allocated interest expense                 (54,781) (61,685) (58,462)
Allocated general and administrative                 (15,596) (25,077) (23,223)
Segment profit (loss)                 (7,728) 38,436 (6,904)
Other significant items:                      
Provision for (recovery of) loan losses                 0 0 0
Impairment of assets                 0 0 0
Depreciation and amortization                 0 0 0
Capitalized expenditures                 0 2,578 21,764
Segment assets                      
Real estate, net 0       0       0 0  
Real estate available and held for sale 0       0       0 0  
Total real estate 0       0       0 0  
Real estate and other assets available and held for sale and classified as discontinued operations 2,939       2,299,711       2,939 2,299,711  
Net investment in leases         43,215         43,215  
Land and development, net 0       0       0 0  
Loans receivable and other lending investments, net 0       0       0 0  
Loan receivable held for sale 0       43,215       0 43,215  
Other investments 1,302,877       1,186,162       1,302,877 1,186,162  
Total portfolio assets 1,305,816       3,572,303       1,305,816 3,572,303  
Operating Segments | Net Lease | Operating lease income                      
Segment Profit (Loss)                      
Revenues                 0 0 2,706
Operating Segments | Net Lease | Interest income                      
Segment Profit (Loss)                      
Revenues                 75 1,707 0
Operating Segments | Net Lease | Interest income from sales-type leases                      
Segment Profit (Loss)                      
Revenues                 861 1,215  
Operating Segments | Net Lease | Other income                      
Segment Profit (Loss)                      
Revenues                 20,560 14,888 12,704
Operating Segments | Net Lease | Land development revenue                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Cost of sales expense                 0 0 0
Operating Segments | Net Lease | Real estate expense                      
Segment Profit (Loss)                      
Cost of sales expense                 (1,387) (424) (161)
Operating Segments | Real Estate Finance                      
Segment Profit (Loss)                      
Earnings from equity method investments                 4,623 3,074 0
Income from sales of real estate                 0 0 0
Total revenue and other earnings                 20,533 33,856 68,651
Other expense                 (308) (515) (266)
Allocated interest expense                 (8,306) (14,830) (23,390)
Allocated general and administrative                 (4,044) (4,736) (6,622)
Segment profit (loss)                 7,875 13,775 38,373
Other significant items:                      
Provision for (recovery of) loan losses                 44,998 (8,085) 8,866
Impairment of assets                 0 0 0
Depreciation and amortization                 0 0 0
Capitalized expenditures                 0 0 0
Segment assets                      
Real estate, net 0       0       0 0  
Real estate available and held for sale 0       0       0 0  
Total real estate 0       0       0 0  
Real estate and other assets available and held for sale and classified as discontinued operations 0       0       0 0  
Net investment in leases         0         0  
Land and development, net 0       0       0 0  
Loans receivable and other lending investments, net 48,655       332,844       48,655 332,844  
Loan receivable held for sale 37,650       0       37,650 0  
Other investments 25,389       48,862       25,389 48,862  
Total portfolio assets 111,694       381,706       111,694 381,706  
Operating Segments | Real Estate Finance | Operating lease income                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Operating Segments | Real Estate Finance | Interest income                      
Segment Profit (Loss)                      
Revenues                 12,340 29,522 56,676
Operating Segments | Real Estate Finance | Interest income from sales-type leases                      
Segment Profit (Loss)                      
Revenues                 0 0  
Operating Segments | Real Estate Finance | Other income                      
Segment Profit (Loss)                      
Revenues                 3,570 1,260 11,975
Operating Segments | Real Estate Finance | Land development revenue                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Cost of sales expense                 0 0 0
Operating Segments | Real Estate Finance | Real estate expense                      
Segment Profit (Loss)                      
Cost of sales expense                 0 0 0
Operating Segments | Operating Properties                      
Segment Profit (Loss)                      
Earnings from equity method investments                 14,850 15,108 (16,361)
Income from sales of real estate                 25,186 26,319 262
Total revenue and other earnings                 79,686 85,214 13,180
Other expense                 0 0 0
Allocated interest expense                 (4,649) (6,949) (8,951)
Allocated general and administrative                 (2,255) (2,227) (2,591)
Segment profit (loss)                 38,882 49,018 (21,298)
Other significant items:                      
Provision for (recovery of) loan losses                 0 0 0
Impairment of assets                 2,364 678 3,053
Depreciation and amortization                 3,797 5,585 5,142
Capitalized expenditures                 881 655 1,636
Segment assets                      
Real estate, net 76,497       92,150       76,497 92,150  
Real estate available and held for sale 3,977       301       3,977 301  
Total real estate 80,474       92,451       80,474 92,451  
Real estate and other assets available and held for sale and classified as discontinued operations 0       0       0 0  
Net investment in leases         0         0  
Land and development, net 0       0       0 0  
Loans receivable and other lending investments, net 0       0       0 0  
Loan receivable held for sale 0       0       0 0  
Other investments 32,405       43,252       32,405 43,252  
Total portfolio assets 112,879       135,703       112,879 135,703  
Operating Segments | Operating Properties | Operating lease income                      
Segment Profit (Loss)                      
Revenues                 12,454 16,445 21,214
Operating Segments | Operating Properties | Interest income                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Operating Segments | Operating Properties | Interest income from sales-type leases                      
Segment Profit (Loss)                      
Revenues                 8 0  
Operating Segments | Operating Properties | Other income                      
Segment Profit (Loss)                      
Revenues                 27,188 27,342 8,065
Operating Segments | Operating Properties | Land development revenue                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Cost of sales expense                 0 0 0
Operating Segments | Operating Properties | Real estate expense                      
Segment Profit (Loss)                      
Cost of sales expense                 (33,900) (27,020) (22,936)
Operating Segments | Land and Development                      
Segment Profit (Loss)                      
Earnings from equity method investments                 4,775 21,492 3,432
Income from sales of real estate                 0 0 0
Total revenue and other earnings                 73,256 217,873 187,520
Other expense                 (498) (70) 0
Allocated interest expense                 (10,865) (15,242) (17,940)
Allocated general and administrative                 (8,197) (9,555) (9,990)
Segment profit (loss)                 (26,072) 2,495 (41,123)
Other significant items:                      
Provision for (recovery of) loan losses                 0 0 0
Impairment of assets                 12,727 0 2,738
Depreciation and amortization                 1,113 902 952
Capitalized expenditures                 20,518 24,036 30,506
Segment assets                      
Real estate, net 0       0       0 0  
Real estate available and held for sale 0       0       0 0  
Total real estate 0       0       0 0  
Real estate and other assets available and held for sale and classified as discontinued operations 0       0       0 0  
Net investment in leases         0         0  
Land and development, net 232,014       286,810       232,014 286,810  
Loans receivable and other lending investments, net 0       0       0 0  
Loan receivable held for sale 0       0       0 0  
Other investments 0       1,096       0 1,096  
Total portfolio assets 232,014       287,906       232,014 287,906  
Operating Segments | Land and Development | Operating lease income                      
Segment Profit (Loss)                      
Revenues                 405 379 356
Operating Segments | Land and Development | Interest income                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Operating Segments | Land and Development | Interest income from sales-type leases                      
Segment Profit (Loss)                      
Revenues                 0 0  
Operating Segments | Land and Development | Other income                      
Segment Profit (Loss)                      
Revenues                 6,323 6,899 19,030
Operating Segments | Land and Development | Land development revenue                      
Segment Profit (Loss)                      
Revenues                 61,753 189,103 164,702
Cost of sales expense                 (63,441) (171,961) (177,727)
Operating Segments | Land and Development | Real estate expense                      
Segment Profit (Loss)                      
Cost of sales expense                 (16,327) (18,550) (22,986)
Corporate/Other                      
Segment Profit (Loss)                      
Earnings from equity method investments                 (7,260) 6,271 (1,075)
Income from sales of real estate                 0 0 0
Total revenue and other earnings                 5,254 26,141 25,596
Other expense                 (7,512) (6,942) (303)
Allocated interest expense                 (19,450) (16,694) (18,085)
Allocated general and administrative                 (18,843) (20,847) (19,099)
Segment profit (loss)                 (40,551) (18,342) (11,891)
Other significant items:                      
Provision for (recovery of) loan losses                 0 0 0
Impairment of assets                 18 0 0
Depreciation and amortization                 560 585 1,233
Capitalized expenditures                 0 0 0
Segment assets                      
Real estate, net 0       0       0 0  
Real estate available and held for sale 0       0       0 0  
Total real estate 0       0       0 0  
Real estate and other assets available and held for sale and classified as discontinued operations 0       0       0 0  
Net investment in leases         0         0  
Land and development, net 0       0       0 0  
Loans receivable and other lending investments, net 0       0       0 0  
Loan receivable held for sale 0       0       0 0  
Other investments 11       17,909       11 17,909  
Total portfolio assets $ 11       $ 17,909       11 17,909  
Corporate/Other | Operating lease income                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Corporate/Other | Interest income                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Corporate/Other | Interest income from sales-type leases                      
Segment Profit (Loss)                      
Revenues                 0 0  
Corporate/Other | Other income                      
Segment Profit (Loss)                      
Revenues                 12,514 19,870 26,671
Corporate/Other | Land development revenue                      
Segment Profit (Loss)                      
Revenues                 0 0 0
Cost of sales expense                 0 0 0
Corporate/Other | Real estate expense                      
Segment Profit (Loss)                      
Cost of sales expense                 $ 0 $ 0 $ 0
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”). Certain items have been reclassified to “Real estate and other assets available and held for sale and classified as discontinued operations” and “Liabilities associated with real estate held for sale and classified as discontinued operations” (refer to Note 3).
[2] Refer to Note 3 – Net Lease Sale and Discontinued Operations.
[3] During the years ended December 31, 2022, 2021, and 2020, includes $20.7 million, $15.1 million and $12.9 million, respectively, of management fees from related parties.