Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investment in mortgages and loans:
Commercial mortgages, mezzanine loans, and preferred equity interests	$ 1,495,343	$ 1,623,583
Allowance for loan losses	(18,237)	(17,097)
Total investment in mortgages and loans, net (including $1,272,536 and $1,428,961 held by consolidated VIEs, respectively)	1,477,106	1,606,486
Investments in real estate, net of accumulated depreciation of $209,096 and $198,326, respectively (including $1,514,258 and $1,584,753 held by consolidated VIEs, respectively)	2,200,043	2,319,319
Cash and cash equivalents	66,885	125,886
Restricted cash	159,429	213,012
Accrued interest receivable	42,139	47,343
Other assets	68,794	71,207
Intangible assets, net of accumulated amortization of $34,876 and $26,307, respectively	25,668	32,675
Total assets	4,040,064	4,415,928
Liabilities and Equity
Indebtedness, net of unamortized discount and deferred financing costs of $50,193 and $61,941, respectively (including $2,691,070 and $3,173,073 held by consolidated VIEs, respectively)	3,005,259	3,328,082
Accrued interest payable	11,102	9,834
Accounts payable and accrued expenses	32,483	39,672
Derivative liabilities	3,972	4,727
Deferred taxes, borrowers’ escrows and other liabilities	182,324	203,477
Total liabilities	3,235,140	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	88,861	85,395
Shareholders’ equity:
Common shares, $0.03 par value per share, 200,000,000 shares authorized 92,185,242 and 91,586,767 issued and outstanding, respectively, including 973,687 and 742,764 unvested restricted common share awards, respectively	2,766	2,748
Additional paid in capital	2,088,781	2,087,137
Accumulated other comprehensive income (loss)	(972)	(4,699)
Retained earnings (deficit)	(1,722,936)	(1,680,751)
Total shareholders’ equity	367,732	404,528
Noncontrolling interests	348,331	340,213
Total equity	716,063	744,741
Total liabilities and equity	4,040,064	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