Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Investment in mortgages and loans:
Commercial mortgages, mezzanine loans, and preferred equity interests		$ 1,267,705	$ 1,292,639
Allowance for loan losses		(23,514)	(12,354)
Total investment in mortgages and loans, net (including $1,199,111 and $1,184,588 held by consolidated VIEs, respectively)		1,244,191	1,280,285
Investments in real estate, net of accumulated depreciation of $35,359 and $138,214, respectively (including $106,005 and $192,070 held by consolidated VIEs, respectively)	[1]	434,890	716,432
Cash and cash equivalents		89,317	110,531
Restricted cash		193,580	190,179
Accrued interest receivable		32,141	36,271
Other assets		36,753	53,878
Intangible assets, net of accumulated amortization of $8,776 and $22,230, respectively		10,901	19,267
Total assets		2,041,773	2,406,843
Liabilities and Equity
Indebtedness, net of unamortized discounts, premiums and deferred financing costs of $30,637 and $36,892, respectively (including $1,185,657 and $1,288,258 held by consolidated VIEs, respectively)		1,588,067	1,751,082
Accrued interest payable		9,229	8,347
Accounts payable and accrued expenses		15,157	20,016
Borrowers' escrows		104,197	107,183
Deferred taxes and other liabilities		37,535	60,864
Total liabilities		1,754,185	1,947,492
Series D cumulative redeemable preferred shares, $0.01 par value per share, 4,000,000 shares authorized, 3,133,720 and 3,536,000 shares issued and outstanding, respectively		75,654	81,581
Shareholders’ equity:
Common shares, $0.03 par value per share, 200,000,000 shares authorized 93,105,742 and 92,295,478 issued and outstanding, respectively, including 1,576,040 and 1,079,193 unvested restricted common share awards, respectively		2,793	2,769
Additional paid in capital		2,093,270	2,093,257
Retained earnings (deficit)		(1,888,102)	(1,723,735)
Total shareholders’ equity		208,054	372,384
Noncontrolling interests		3,880	5,386
Total equity		211,934	377,770
Total liabilities and equity		2,041,773	2,406,843
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 June 30, 2017, one of our multifamily properties, with a carrying amount of $5,932, and two of our parcels of land, with a carrying amount of $14,586, were considered held-for-sale. As of December 31, 2016, three of our multifamily properties, with a carrying amount of $62,428, and two of our parcels of land, with a carrying amount of $14,233, were considered held-for-sale.