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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flow From Operating Activities:      
Net loss applicable to common shares $ (6,727) $ (106,195) $ (82,659)
Adjustments to reconcile net loss applicable to common shares to net cash provided by (used in) operating activities:      
(Gain) loss on sale of land (34,247) 10,103 (11,605)
Depreciation and amortization 24,255 30,460 32,418
Provision on impairment of notes receivable and real estate assets 50,027 61,311 44,578
Amortization of deferred borrowing costs 2,816 4,187 5,676
Earnings from unconsolidated subsidiaries and investees (80) (200) 35
Earnings due to non-controlling interest     22,446
Gain on foreign currency translation   (222) (292)
Gain on sale of income producing properties (56,907) (19,306) (10,106)
(Increase) decrease in assets:      
Accrued interest receivable (8,663) (2,440) 1,520
Restricted cash     (271)
Other assets 181 6,375 (13,559)
Prepaid expense 2,321 437 (1,127)
Escrow 21,594 7,990 (3,035)
Earnest money 1,414 821 (1,723)
Rent receivables 7,253 (2,250) (413)
Increase (decrease) in liabilities:      
Accrued interest payable 2,202 6,758 (116)
Affiliate payables (1,924) (8,355) (2,444)
Other liabilities 20,038 3,387 (2,685)
Net cash provided by (used in) operating activities 23,553 (7,139) (23,362)
Cash Flow From Investing Activities:      
Proceeds from notes receivables 18,621 20,847 8,000
Originations of notes receivables (21,921) (29,455)  
Acquisition of land held for development   (4,937) (11,844)
Proceeds from sales of income producing properties 183,823 210,411 44,356
Proceeds from sale of land 174,054 59,554 42,029
Proceeds from sale of investment in unconsolidated real estate entities (9)    
Investment in unconsolidated real estate entities 581 858 16,740
Improvement of land held for development (2,995) (4,929) (13,542)
Improvement of income producing properties (4,191) (3,136) (3,233)
Investment in marketable securities   (1,267) 2,775
Acquisition of income producing properties     (5,971)
Acquisition of non-controlling interest (195)    
Sale of non-controlling interest   22  
Sale of controlling interest 961    
Construction and development of new properties (47,317) (49,894) (32,457)
Net cash provided by investing activities 301,412 198,074 46,853
Cash Flow From Financing Activities:      
Proceeds from notes payable 156,821 193,499 62,408
Recurring amortization of principal on notes payable (19,052) (12,629) (26,528)
Payments on maturing notes payable (297,287) (252,595) (61,505)
Debt assumption by buyer (155,893) (101,851)  
Deferred financing costs (887) (5,143) (4,534)
Stock-secured borrowings 2,291 (328) 8,000
Distributions to non-controlling interests (808) (1,259)  
Preferred stock dividends - Series A (2,456) (2,488) (2,487)
Repurchase/sale of treasury stock (62) (379)  
Issuance of common stock 30    
Conversion of preferred stock into common stock 1    
Net cash used in financing activities (317,302) (183,173) (24,646)
Net increase (decrease) in cash and cash equivalents 7,663 7,762 (1,155)
Cash and cash equivalents, beginning of period 12,649 4,887 6,042
Cash and cash equivalents, end of period 20,312 12,649 4,887
Supplemental disclosures of cash flow information:      
Cash paid for interest 67,389 76,223 83,948
Cash paid for income taxes, net of refunds   (634) 1,851
Schedule of noncash investing and financing activities:      
Unrealized loss on marketable securities     (2,575)
Note receivable in exchange for reduction of affiliate payable   16,778  
Note receivable received from affiliate 20,387   2,341
Note receivable from sale of real estate     2,700
Note paydown from right to build sale     1,500
Acquitision of real estate to satisfy note receivable     $ (7,748)