Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenue
Interest income	$ 28,745	$ 34,483	$ 56,701	$ 68,041
Rental income	25,540	22,138	50,371	43,428
Fee and other income	2,062	2,242	3,520	5,673
Total revenue	56,347	58,863	110,592	117,142
Expenses
Interest expense	19,238	22,328	38,586	45,695
Real estate operating expense	13,487	13,791	27,284	26,408
Compensation expense	5,246	5,737	10,984	12,281
General and administrative expense	3,783	4,431	7,608	9,399
Provision for losses	500	950	1,000	2,900
Depreciation and amortization expense	7,631	7,249	15,294	14,368
Total expenses	49,885	54,486	100,756	111,051
Operating Income	6,462	4,377	9,836	6,091
Other income (expense)	(1,471)	67	(1,438)	150
Gains (losses) on assets	2,518	564	2,529	1,979
Gains (losses) on extinguishment of debt	0	3,706	1,574	3,169
Change in fair value of financial instruments	(11,169)	(25,727)	(120,092)	(20,116)
Income (loss) before taxes and discontinued operations	(3,660)	(17,013)	(107,591)	(8,727)
Income tax benefit (provision)	90	256	357	310
Income (loss) from continuing operations	(3,570)	(16,757)	(107,234)	(8,417)
Income (loss) from discontinued operations	0	6	0	797
Net income (loss)	(3,570)	(16,751)	(107,234)	(7,620)
(Income) loss allocated to preferred shares	(3,419)	(3,414)	(6,829)	(6,828)
(Income) loss allocated to noncontrolling interests	38	67	93	117
Net income (loss) allocable to common shares	$ (6,951)	$ (20,098)	$ (113,970)	$ (14,331)
Earnings (loss) per share-Basic:
Continuing operations	$ (0.14)	$ (0.53)	$ (2.42)	$ (0.40)
Discontinued operations	$ 0.00	$ 0.00	$ 0.00	$ 0.02
Total earnings (loss) per share-Basic	$ (0.14)	$ (0.53)	$ (2.42)	$ (0.38)
Weighted-average shares outstanding-Basic	49,902,247	38,055,234	47,026,586	37,340,755
Earnings (loss) per share-Diluted:
Continuing operations	$ (0.14)	$ (0.53)	$ (2.42)	$ (0.40)
Discontinued operations	$ 0.00	$ 0.00	$ 0.00	$ 0.02
Total earnings (loss) per share-Diluted	$ (0.14)	$ (0.53)	$ (2.42)	$ (0.38)
Weighted-average shares outstanding-Diluted	49,902,247	38,055,234	47,026,586	37,340,755
Distributions declared per common share	$ 0.08	$ 0.06	$ 0.16	$ 0.15