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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flow From Operating Activities:      
Net (loss) income $ (21,743) $ 182,692 $ (8,876)
Adjustments to reconcile net (loss) income applicable to common shares to net cash used in operating activities:      
Gain on formation of VAA   (154,126)  
Foreign currency transaction loss (gain) 15,108 (12,399) 4,536
Loss on debt extinguishment 5,219    
Gain on sale of land (15,272) (17,404) (4,884)
Loss (gain) on sale of income-producing properties 80   (16,698)
Depreciation and amortization 13,379 22,670 25,679
Provision on impairment of notes receivable and real estate assets     558
Amortization of deferred borrowing costs 665 4,994 3,591
Amortization of bond issuance costs 1,544 2,994 971
Equity earnings from VAA 2,774 (44)  
(Earnings) from unconsolidated subsidiaries and investees (461) (1,469) (309)
(Increase) decrease in assets:      
Accrued interest receivable (5,792) (33,279) (581)
Other assets 5,255 (86,796) 11,751
Prepaid expense 11,969 19,125 (15,192)
Rent receivables (618) (3,213) (425)
Related party receivables (46,191) (11,894) (12,871)
Increase (decrease) in liabilities:      
Accrued interest payable 2,338 (2,316) 4,599
Other liabilities (8,895) (81,867) (21,975)
Net cash (used in) operating activities (40,641) (172,332) (30,126)
Cash Flow From Investing Activities:      
Proceeds from disposition of 50% interest in VAA   236,752  
Proceeds from notes receivables 19,755 6,541 30,233
Origination of notes receivables (21,434) (16,801) (15,741)
Acquisition of land held for development (3,422)    
Acquisition of income producing properties   (10,558) (37,044)
Proceeds from sale of income producing properties 1,296 4,889 4,623
Proceeds from sale of land 27,326 11,857 6,301
Distribution from equity investee 6,701    
Distributions to equity partner (197)    
Investment in unconsolidated real estate entities     (267)
Improvement of income producing properties (5,257) (3,688) (1,986)
Construction and development of new properties (28,473) (81,367) (76,147)
Net cash (used in) provided by investing activities (3,705) 147,625 (90,028)
Cash Flow From Financing Activities:      
Proceeds from bonds 78,125 59,213 115,337
Bond payments (21,742)    
Bond issuance costs (4,241) (5,257) (6,887)
Proceeds from notes payable 25,675 123,345 135,116
Recurring payment of principal on notes payable (11,445) (124,616) (86,091)
Payment on commercial note payable (41,531)    
Debt extinguishment costs (3,799)    
Acquisition of Series A preferred stock by consolidated subsidiary   (9,000) (3,599)
Preferred stock dividends - Series A   (901) (1,105)
Net cash provided by financing activities 21,042 42,784 152,771
Net (decrease) increase in cash and cash equivalents (23,304) 18,077 32,617
Cash and cash equivalents, beginning of period 106,615 88,538 55,921
Cash and cash equivalents, end of period 83,311 106,615 88,538
Supplemental disclosures of cash flow information:      
Cash paid for interest 38,904 57,981 $ 39,732
Schedule of noncash investing and financing activities:      
Land received in exchanged for note receivable 1,800    
Notes receivable received from sale of income-producing properties   1,735  
Seller financing note - acquisition of income-producing properties   1,895  
Notes payable issued on acquisition of income-producing properties   $ 31,175  
Notes payable issued on acquisition of land $ 1,155