Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Investment in mortgages and loans:
Commercial mortgages, mezzanine loans, and preferred equity interests		$ 1,612,632	$ 1,623,583
Allowance for loan losses		(18,165)	(17,097)
Total investment in mortgages and loans, net		1,594,467	1,606,486
Investments in real estate, net of accumulated depreciation of $209,421 and $198,326, respectively	[1]	2,278,213	2,319,319
Cash and cash equivalents		94,569	125,886
Restricted cash		200,166	213,012
Accrued interest receivable		49,987	47,343
Other assets		73,670	71,207
Intangible assets, net of accumulated amortization of $32,228 and $26,307, respectively		26,698	32,675
Total assets		4,317,770	4,415,928
Liabilities and Equity
Indebtedness, net of unamortized discount and deferred financing costs of $56,998 and $61,941, respectively		3,267,230	3,328,082
Accrued interest payable		13,160	9,834
Accounts payable and accrued expenses		29,989	39,672
Derivative liabilities		4,181	4,727
Deferred taxes, borrowers’ escrows and other liabilities		203,612	203,477
Total liabilities		3,518,172	3,585,792
Series D cumulative redeemable preferred shares, $0.01 par value per share, 4,000,000 shares authorized, 4,000,000 and 4,000,000 shares issued and outstanding, respectively		87,085	85,395
Shareholders’ equity:
Common shares, $0.03 par value per share, 200,000,000 shares authorized, 91,870,571 and 91,586,767 issued and outstanding, respectively, including 770,536 and 742,764 unvested restricted common share awards, respectively		2,756	2,748
Additional paid in capital		2,087,913	2,087,137
Accumulated other comprehensive income (loss)		(2,434)	(4,699)
Retained earnings (deficit)		(1,707,143)	(1,680,751)
Total shareholders’ equity		381,185	404,528
Noncontrolling interests		331,328	340,213
Total equity		712,513	744,741
Total liabilities and equity		4,317,770	4,415,928
7.75% Series A Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share		53	53
Total equity		53	53
8.375% Series B Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share		23	23
Total equity		23	23
8.875% Series C Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share		17	17
Total equity		$ 17	$ 17
Series E Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share

[1] As of March 31, 2016, four of our multifamily real estate properties, two of IRT’s multifamily real estate properties and one parcel of land were considered held-for-sale. The carrying amount of our multifamily properties was $36,301. The carrying amount of the IRT properties was $39,347. The carrying amount of the parcel of land was $1,470.