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Consolidated Statements Of Cash Flows (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flow From Operating Activities:    
Net loss $ (4,114) $ (30,779)
Adjustments to reconcile net loss applicable to common shares to net cash used in operating activities:    
Gain on sale of land (19,373) 4,115
Gain on sale of income producing properties (11,816) (5,660)
Depreciation and amortization 13,873 15,490
Provision for impairment of notes receivable and real estate assets 6,503  
Amortization of deferred borrowing costs 2,100 2,193
Earnings from unconsolidated subsidiaries and investees 73 93
Gain on foreign currency translation   (233)
Other comprehensive loss   711
Loss on the sale of controlling stock   49
(Increase) decrease in assets:    
Accrued interest receivable (813) (330)
Other assets (148) 5,124
Prepaid expense 2,143 281
Escrow 11,412 8,328
Earnest money (75) 289
Rent receivables 776 (2,411)
Affiliate receivable (4,477)  
Increase (decrease) in liabilities:    
Accrued interest payable 7,091 2,453
Affiliate payables (12,219) 11,823
Other liabilities (14,062) 516
Net cash provided by (used in) operating activities (23,126) 12,052
Cash Flow From Investing Activities:    
Proceeds from notes receivables 13,806 1,540
Origination of notes receivable (693)  
Acquisition of land held for development   (2,259)
Proceeds from sales of income producing properties 64,361 32,969
Proceeds from sale of land 107,877 12,325
Proceeds from sale of investment in unconsolidated real estate entities (9)  
Investment in unconsolidated real estate entities 709 (607)
Improvement of land held for development (2,024) (10,569)
Improvement of income producing properties (733) (1,898)
Acquisition of non-controlling interest (23) (95)
Sale of non-controlling interest 102 141
Sale of controlling interest 2,208  
Construction and development of new properties (30,610) (10,294)
Net cash provided by investing activities 154,971 21,253
Cash Flow From Financing Activities:    
Proceeds from notes payable 141,565 104,010
Recurring amortization of principal on notes payable (8,933) (7,102)
Debt assumption by buyer, part of seller proceeds   (39,889)
Payments on maturing notes payable (267,788) (84,175)
Deferred financing costs (469) (4,150)
Stock-secured borrowings and margin debt 3,164  
Distributions to non-controlling interests (294) (757)
Preferred stock dividends - Series A (1,230) (1,244)
Repurchase of common stock/treasury stock (62)  
Issuance of common stock 1  
Conversion of preferred stock into common stock 31  
Net cash used in financing activities (134,015) (33,307)
Net decrease in cash and cash equivalents (2,170) (2)
Cash and cash equivalents, beginning of period 12,649 4,887
Cash and cash equivalents, end of period 10,479 4,885
Supplemental disclosures of cash flow information:    
Cash paid for interest 32,480 39,441
Cash received for income taxes, net of payments   (634)
Schedule of noncash investing and financing activities:    
Unrealized loss on marketable securities   (2,575)
Note receivable received from affiliate 5,380 2,341
Note receivable from sale of real estate   $ 2,700