Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
Investment in mortgages and loans:
Commercial mortgages, mezzanine loans, and preferred equity interests		$ 1,260,346	$ 1,292,639
Allowance for loan losses		(25,140)	(12,354)
Total investment in mortgages and loans, net (including $984,356 and $1,184,588 held by consolidated VIEs, respectively)		1,235,206	1,280,285
Investments in real estate, net of accumulated depreciation of $30,974 and $138,214, respectively (including $80,620 and $192,070 held by consolidated VIEs, respectively)	[1]	368,700	716,432
Cash and cash equivalents		46,019	110,531
Restricted cash		142,489	190,179
Accrued interest receivable		32,307	36,271
Other assets		34,905	53,878
Intangible assets, net of accumulated amortization of $7,800 and $22,230, respectively		8,062	19,267
Total assets		1,867,688	2,406,843
Liabilities and Equity
Indebtedness, net of unamortized discounts, premiums and deferred financing costs of $29,031 and $36,892, respectively (including $962,324 and $1,288,258 held by consolidated VIEs, respectively)		1,427,947	1,751,082
Accrued interest payable		10,780	8,347
Accounts payable and accrued expenses		15,201	20,016
Borrowers' escrows		113,996	107,183
Deferred taxes and other liabilities		38,217	60,864
Total liabilities		1,606,141	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		77,653	81,581
Shareholders’ equity:
Common shares, $0.03 par value per share, 200,000,000 shares authorized 93,046,621 and 92,295,478 issued and outstanding, respectively, including 1,470,063 and 1,079,193 unvested restricted common share awards, respectively		2,791	2,769
Additional paid in capital		2,094,035	2,093,257
Retained earnings (deficit)		(1,916,905)	(1,723,735)
Total shareholders’ equity		180,014	372,384
Noncontrolling interests		3,880	5,386
Total equity		183,894	377,770
Total liabilities and equity		1,867,688	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 September 30, 2017, one of our office properties, with a carrying amount of $47,990, and two of our parcels of land, with a carrying amount of $14,839, 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.