Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Income from loans and other investments:
Interest and related income	$ 25,642	$ 40,280	$ 95,187	$ 119,783
Less: Interest and related expenses	21,838	31,557	80,381	94,462
Income from loans and other investments, net	3,804	8,723	14,806	25,321
Other revenues:
Management fees from affiliates	1,753	2,050	4,927	5,990
Incentive management fees from affiliates		733		733
Servicing fees	1,460	84	2,208	2,821
Total other revenues	3,213	2,867	7,135	9,544
Other expenses:
General and administrative	4,941	5,148	19,868	14,398
Total other expenses	4,941	5,148	19,868	14,398
Total other-than-temporary impairments of securities	(30,687)	(29,963)	(35,620)	(69,798)
Portion of other-than-temporary impairments of securities recognized in other comprehensive income	173	(5,921)	(3,098)	12,094
Impairment of real estate held-for-sale	(1,055)	(4,000)	(1,055)	(4,000)
Net impairments recognized in earnings	(31,569)	(39,884)	(39,773)	(61,704)
Recovery of (provision for) loan losses	17,152	(95,916)	34,401	(150,143)
Valuation allowance on loans held-for-sale		(6,036)	(224)	(6,036)
Gain on extinguishment of debt	20,054	185	271,031	648
Income from equity investments	307	1,056	2,105	2,358
Income (loss) before income taxes	8,020	(134,153)	269,613	(194,410)
Income tax provision	(236)	556	1,214	849
Net income (loss)	8,256	(134,709)	268,399	(195,259)
Less: Net income attributable to noncontrolling interests	5,466		(1,935)
Net (loss) income attributable to Capital Trust, Inc.	$ 13,722	$ (134,709)	$ 266,464	$ (195,259)
Net (loss) income per share of common stock:
Basic	$ 0.60	$ (6.02)	$ 11.77	$ (8.73)
Diluted	$ 0.57	$ (6.02)	$ 11.08	$ (8.73)
Weighted average shares of common stock outstanding:
Basic	22,730,080	22,389,901	22,630,672	22,356,857
Diluted	24,121,973	22,389,901	24,057,374	22,356,857