Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenue:
Investment interest income	$ 14,882	$ 23,519	$ 32,532	$ 49,321
Investment interest expense	(10,546)	(9,125)	(20,319)	(18,445)
Net interest margin	4,336	14,394	12,213	30,876
Property income	16,946	29,666	37,011	59,721
Fee and other income	1,531	1,914	3,192	4,028
Total revenue	22,813	45,974	52,416	94,625
Expenses:
Interest expense	8,883	13,967	19,026	29,837
Real estate operating expense	9,509	14,327	20,143	29,175
Property management expenses	2,651	2,846	4,864	5,013
General and administrative expenses:
Compensation expense	3,529	3,862	7,016	7,487
Other general and administrative expense	2,689	3,706	5,394	6,921
Total general and administrative expenses	6,218	7,568	12,410	14,408
Acquisition and integration expenses	67	70	239	179
Provision for loan losses	20,863	1,344	22,398	2,669
Depreciation and amortization expense	7,819	15,134	17,573	27,807
IRT internalization and management transition expenses			736
Shareholder activism expenses	1,615		2,309
Total expenses	57,625	55,256	99,698	109,088
Operating (Loss) Income	(34,812)	(9,282)	(47,282)	(14,463)
Interest and other income (expense), net	(153)	39	(139)	100
Gains (losses) on assets	10,759	5,812	22,765	5,617
Gains (losses) on deconsolidation of properties			(15,947)
Gains (losses) on extinguishments of debt	(1,598)	660	1,588	1,004
Asset impairment	(85,809)	(3,864)	(93,233)	(7,786)
Goodwill impairment	(8,342)		(8,342)
Change in fair value of financial instruments	3,093	(1,592)	1,940	(5,680)
Income (loss) before taxes	(116,862)	(8,227)	(138,650)	(21,208)
Income tax benefit (provision)	(22)	1,756	227	2,749
Income (loss) from continuing operations	(116,884)	(6,471)	(138,423)	(18,459)
Discontinued operations:
Income (loss) from discontinued operations	0	32,876	0	34,361
Net income (loss)	(116,884)	26,405	(138,423)	15,902
(Income) loss allocated to preferred shares	(8,817)	(8,615)	(17,343)	(17,135)
(Income) loss allocated to noncontrolling interests	(56)	(25,370)	(76)	(24,191)
Net income (loss) allocable to common shares	(125,757)	(7,580)	(155,842)	(25,424)
Amount attributable to common shares
Net income (loss) available to common shares from continuing operations	(125,757)	(14,115)	(155,842)	(33,478)
Net income (loss) available to common shares from discontinued operations		6,535		8,054
Net income (loss)	$ (125,757)	$ (7,580)	$ (155,842)	$ (25,424)
Earnings (loss) per share-Basic:
Earnings (loss) per share from continuing operations	$ (1.38)	$ (0.15)	$ (1.71)	$ (0.37)
Earnings (loss) per share from discontinued operations		0.07		0.09
Earnings (loss) per share-Basic	$ (1.38)	$ (0.08)	$ (1.71)	$ (0.28)
Weighted-average shares outstanding-Basic	91,453,415	91,190,583	91,377,508	91,104,314
Earnings (loss) per share-Diluted:
Earnings (loss) per share from continuing operations	$ (1.38)	$ (0.15)	$ (1.71)	$ (0.37)
Earnings (loss) per share from discontinued operations		0.07		0.09
Earnings (loss) per share-Diluted	$ (1.38)	$ (0.08)	$ (1.71)	$ (0.28)
Weighted average shares outstanding-Diluted	91,453,415	91,190,583	91,377,508	91,104,314