Consolidated Statements Of Operations (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenue:
Interest income	$ 33,549	$ 37,252	$ 101,590	$ 117,755
Rental income	23,635	18,443	67,063	52,203
Fee and other income	2,905	3,204	8,578	15,555
Total revenue	60,089	58,899	177,231	185,513
Expenses:
Interest expense	22,689	24,038	68,384	74,170
Real estate operating expense	14,563	13,951	40,971	37,872
Compensation expense	6,898	6,766	19,179	21,704
General and administrative expense	4,042	4,331	13,441	14,588
Provision for losses	500	10,813	3,400	35,807
Depreciation and amortization expense	7,300	7,380	21,668	20,576
Total expenses	55,992	67,279	167,043	204,717
Operating Income	4,097	(8,380)	10,188	(19,204)
Interest and other income (expense)	145	42	295	401
Gains (losses) on sale of assets	1,455	0	3,434	11,616
Gains (losses) on extinguishment of debt	11,371	14,278	14,540	51,290
Change in fair value of financial instruments	(34,997)	14,237	(55,113)	35,120
Income (loss) before taxes and discontinued operations	(17,929)	20,177	(26,656)	79,223
Income tax benefit (provision)	158	627	468	484
Income (loss) from continuing operations	(17,771)	20,804	(26,188)	79,707
Income (loss) from discontinued operations	(50)	(2,556)	747	(1,630)
Net income (loss)	(17,821)	18,248	(25,441)	78,077
(Income) loss allocated to preferred shares	(3,407)	(3,406)	(10,235)	(10,227)
(Income) loss allocated to noncontrolling interests	59	210	176	803
Net income (loss) allocable to common shares	$ (21,169)	$ 15,052	$ (35,500)	$ 68,653
Earnings (loss) per share-Basic:
Continuing operations	$ (0.55)	$ 0.58	$ (0.96)	$ 2.57
Discontinued operations	$ 0.00	$ (0.08)	$ 0.02	$ (0.06)
Total earnings (loss) per share-Basic	$ (0.55)	$ 0.50	$ (0.94)	$ 2.51
Weighted-average shares outstanding-Basic	38,771,022	30,330,259	37,822,750	27,384,451
Earnings (loss) per share-Diluted:
Continuing operations	$ (0.55)	$ 0.57	$ (0.96)	$ 2.53
Discontinued operations	$ 0.00	$ (0.08)	$ 0.02	$ (0.06)
Total earnings (loss) per share-Diluted	$ (0.55)	$ 0.49	$ (0.94)	$ 2.47
Weighted-average shares outstanding-Diluted	38,771,022	30,887,145	37,822,750	27,800,648
Distributions declared per common share	$ 0.06	$ 0.00	$ 0.21	$ 0.00