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Carrying Amount and Fair Value of Financial Instruments (Detail) - USD ($)
$ in Thousands
Jun. 30, 2016
Apr. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Assets          
Total investment in mortgages and loans, net $ 1,477,106   $ 1,606,486    
Cash and cash equivalents 66,885   125,886 $ 104,772 $ 121,726
Restricted cash 159,429   213,012    
Derivative assets 53   206    
Liabilities          
Indebtedness 3,005,259 $ 17,696 3,328,082    
Derivative liabilities 3,972   4,727    
Junior subordinated notes 10,789   10,504    
Warrants and investor SARs 29,300   26,200    
Recourse Indebtedness          
Liabilities          
Indebtedness 479,608   484,764    
Non-recourse indebtedness          
Liabilities          
Indebtedness 2,501,130   2,843,318    
CMBS securitizations          
Liabilities          
Indebtedness 772,557   885,055    
CMBS securitizations | Non-recourse indebtedness          
Liabilities          
Indebtedness 586,977 [1]   708,510 [2]    
Carrying Amount          
Assets          
Total investment in mortgages and loans, net 1,477,106   1,606,486    
Cash and cash equivalents 66,885   125,886    
Restricted cash 159,429   213,012    
Derivative assets 53   206    
Liabilities          
Indebtedness     63,045    
Carrying Amount | 7.0% convertible senior notes          
Liabilities          
Indebtedness 843   28,868    
Carrying Amount | 4.0% convertible senior notes          
Liabilities          
Indebtedness 119,474   133,039    
Carrying Amount | 7.625% senior notes due 2024          
Liabilities          
Indebtedness 55,450   57,952    
Carrying Amount | 7.125% Senior Notes due 2019          
Liabilities          
Indebtedness 68,899   69,749    
Carrying Amount | Senior Secured Notes          
Liabilities          
Indebtedness 60,645   63,045    
Carrying Amount | Junior subordinated notes, at amortized cost          
Liabilities          
Indebtedness 24,890   24,884    
Carrying Amount | CDO notes payable, at amortized cost          
Liabilities          
Indebtedness 765,299   937,569    
Carrying Amount | Loans payable on real estate          
Liabilities          
Indebtedness 865,691   811,666    
Carrying Amount | Derivative Liabilities          
Liabilities          
Derivative liabilities 3,972   4,727    
Carrying Amount | Warrants and investor SARs          
Liabilities          
Warrants and investor SARs 29,300   26,200    
Carrying Amount | Recourse Indebtedness | 7.0% convertible senior notes          
Liabilities          
Indebtedness 843   28,868    
Carrying Amount | Recourse Indebtedness | 4.0% convertible senior notes          
Liabilities          
Indebtedness 119,474   133,039    
Carrying Amount | Recourse Indebtedness | 7.625% senior notes due 2024          
Liabilities          
Indebtedness 55,450   57,952    
Carrying Amount | Recourse Indebtedness | 7.125% Senior Notes due 2019          
Liabilities          
Indebtedness 68,899   69,749    
Carrying Amount | Recourse Indebtedness | Senior Secured Notes          
Liabilities          
Indebtedness 60,645        
Carrying Amount | Recourse Indebtedness | Junior subordinated notes, at amortized cost          
Liabilities          
Indebtedness 24,890   24,884    
Carrying Amount | Recourse Indebtedness | CMBS Facilities          
Liabilities          
Indebtedness 138,618   96,723    
Carrying Amount | Non-recourse indebtedness | Term Loans          
Liabilities          
Indebtedness 39,559   118,418    
Carrying Amount | Non-recourse indebtedness | CDO notes payable, at amortized cost          
Liabilities          
Indebtedness 765,299   937,569    
Carrying Amount | Non-recourse indebtedness | Loans payable on real estate          
Liabilities          
Indebtedness 865,691   811,666    
Carrying Amount | Other indebtedness          
Liabilities          
Indebtedness 24,521        
Carrying Amount | CMBS securitizations          
Liabilities          
Indebtedness 586,977   708,510    
Carrying Amount | CMBS securitizations | Non-recourse indebtedness          
Liabilities          
Indebtedness 586,977   708,510    
Estimated Fair Value          
Assets          
Total investment in mortgages and loans,net 1,437,291   1,537,086    
Cash and cash equivalents 66,885   125,886    
Restricted cash 159,429   213,012    
Derivative assets 53   206    
Estimated Fair Value | Derivative Liabilities          
Liabilities          
Derivative liabilities 3,972   4,727    
Estimated Fair Value | Warrants and investor SARs          
Liabilities          
Warrants and investor SARs 29,300   26,200    
Estimated Fair Value | Recourse Indebtedness | 7.0% convertible senior notes          
Liabilities          
Convertible senior notes, Estimated Fair Value 935   27,795    
Estimated Fair Value | Recourse Indebtedness | 4.0% convertible senior notes          
Liabilities          
Convertible senior notes, Estimated Fair Value 116,452   104,184    
Estimated Fair Value | Recourse Indebtedness | 7.625% senior notes due 2024          
Liabilities          
Senior notes, Estimated Fair Value 50,435   46,560    
Estimated Fair Value | Recourse Indebtedness | 7.125% Senior Notes due 2019          
Liabilities          
Senior notes, Estimated Fair Value 69,486   62,471    
Estimated Fair Value | Recourse Indebtedness | Senior Secured Notes          
Liabilities          
Senior notes, Estimated Fair Value 66,851   66,725    
Estimated Fair Value | Recourse Indebtedness | Junior subordinated notes, at amortized cost          
Liabilities          
Junior subordinated notes 11,318   11,221    
Estimated Fair Value | Recourse Indebtedness | CMBS Facilities          
Liabilities          
Indebtedness 138,977   97,067    
Estimated Fair Value | Non-recourse indebtedness | Term Loans          
Liabilities          
Indebtedness 40,000   120,000    
Estimated Fair Value | Non-recourse indebtedness | CDO notes payable, at amortized cost          
Liabilities          
Notes payable, Estimated Fair Value 633,692   801,289    
Estimated Fair Value | Non-recourse indebtedness | Loans payable on real estate          
Liabilities          
Loans payable on real estate, Estimated Fair Value 910,275   834,816    
Estimated Fair Value | Other indebtedness          
Liabilities          
Indebtedness 24,796        
Estimated Fair Value | CMBS securitizations | Non-recourse indebtedness          
Liabilities          
Notes payable, Estimated Fair Value 585,918   709,001    
Junior subordinated notes, at fair value | Carrying Amount | Recourse Indebtedness          
Liabilities          
Indebtedness 10,789   10,504    
Junior subordinated notes, at fair value | Estimated Fair Value | Recourse Indebtedness          
Liabilities          
Junior subordinated notes 10,789   10,504    
Secured credit facilities | Non-recourse indebtedness          
Liabilities          
Indebtedness 243,604 [3]   267,155 [4]    
Secured credit facilities | Carrying Amount | Non-recourse indebtedness          
Liabilities          
Indebtedness 243,604   267,155    
Secured credit facilities | Estimated Fair Value | Non-recourse indebtedness          
Liabilities          
Indebtedness     $ 271,500    
Secured credit facilities, Estimated Fair Value $ 247,335        
[1] Collateralized by $772,557 principal amount of commercial mortgage loans and participation interests. These obligations were issued by separate legal entities and consequently the assets of the special purpose entities that collateralize these obligations are not available to our creditors.
[2] Collateralized by $885,055 principal amount of commercial mortgage loans and participation interests. These obligations were issued by separate legal entities and consequently the assets of the special purpose entities that collateralize these obligations are not available to our creditors.
[3] Floating rate at 245 basis points over 1-month LIBOR.
[4] Floating rate at 245 basis points over 1-month LIBOR.