Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue:
Investment interest income	$ 34,646	$ 31,256	$ 69,609	$ 62,536
Investment interest expense	(7,523)	(7,278)	(14,706)	(14,761)
Net interest margin	27,123	23,978	54,903	47,775
Rental income	39,214	27,858	74,390	55,027
Fee and other income	6,919	6,786	11,271	14,071
Total revenue	73,256	58,622	140,564	116,873
Expenses:
Interest expense	13,241	9,978	24,846	19,644
Real estate operating expense	19,690	14,911	37,773	29,321
Compensation expense	7,376	6,337	15,931	13,284
General and administrative expense	4,874	3,562	9,075	7,338
Provision for losses	1,000	500	2,000	1,000
Depreciation and amortization expense	13,441	8,618	25,483	17,188
Total expenses	59,622	43,906	115,108	87,775
Operating Income	13,634	14,716	25,456	29,098
Other income (expense)	5	69	15	145
Gains (losses) on assets	(7,599)	224	(5,375)	221
Gains (losses) on extinguishment of debt	0		2,421	0
Change in fair value of financial instruments	(25,071)	(76,020)	(49,210)	(175,777)
Income (loss) before taxes	(19,031)	(61,011)	(26,693)	(146,313)
Income tax benefit (provision)	21	673	260	634
Net income (loss)	(19,010)	(60,338)	(26,433)	(145,679)
(Income) loss allocated to preferred shares	(7,415)	(5,589)	(13,221)	(10,807)
(Income) loss allocated to noncontrolling interests	775	50	(583)	77
Net income (loss) allocable to common shares	$ (25,650)	$ (65,877)	$ (40,237)	$ (156,409)
Earnings (loss) per share-Basic:
Earnings (loss) per share-Basic	$ (0.31)	$ (0.94)	$ (0.50)	$ (2.40)
Weighted-average shares outstanding-Basic	81,778,947	69,757,807	80,636,895	65,086,432
Earnings (loss) per share-Diluted:
Earnings (loss) per share-Diluted	$ (0.31)	$ (0.94)	$ (0.50)	$ (2.40)
Weighted-average shares outstanding-Diluted	81,778,947	69,757,807	80,636,895	65,086,432