Consolidated Statements of Cash Flows - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)		$ (32,088)	$ (17,771)
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Provision for (recovery of) loan losses	[1]	23,444	(6,192)
Impairment of assets		1,674	6,279
Depreciation and amortization		34,017	37,435
Payments for withholding taxes upon vesting of stock-based compensation		(1,683)	(18,266)
Non-cash expense for stock-based compensation		7,186	5,271
Amortization of discounts/premiums and deferred financing costs on debt, net		8,275	9,030
Amortization of discounts/premiums and deferred interest on loans, net		(39,640)	(30,129)
(Gain) loss from sales of loans		0	(18,995)
Earnings from equity method investments		(15,332)	(27,270)
Distributions from operations of equity method investments		7,843	10,939
Deferred operating lease income		(3,700)	(4,950)
Income from sales of real estate and land development		(42,170)	(35,039)
Loss on early extinguishment of debt, net		212	24,767
Debt discount and prepayment penalty on repayments and repurchases of debt		(498)	(14,387)
Other operating activities, net		4,363	6,848
Changes in assets and liabilities:
Changes in accrued interest and operating lease income receivable, net		351	606
Changes in deferred expenses and other assets, net		5,293	3,042
Changes in accounts payable, accrued expenses and other liabilities		(21,321)	(23,325)
Cash flows used in operating activities		(63,774)	(92,107)
Cash flows from investing activities:
Investment originations and fundings		(267,245)	(319,938)
Capital expenditures on real estate assets		(75,260)	(61,446)
Acquisitions of real estate assets		0	(2,412)
Repayments of and principal collections on loans		74,989	162,032
Net proceeds from sales of loans		5,595	56,404
Net proceeds from sales of real estate and land development		223,887	212,866
Distributions from other investments		67,358	23,186
Contributions to other investments		(7,449)	(30,561)
Changes in restricted cash held in connection with investing activities		(14,359)	25,779
Deposits paid to escrow account, net		(25,180)	0
Other investing activities, net		15,308	1,411
Cash flows from (used in) investing activities		(2,356)	67,321
Cash flows from financing activities:
Borrowings from debt obligations		374,000	1,323,822
Repayments of debt obligations		(247,055)	(1,408,935)
Proceeds from loan participations payable		138,075	0
Preferred dividends paid		(25,660)	(25,660)
Payments for deferred financing costs		(2,255)	(17,491)
Other financing activities, net		(6,332)	(4,005)
Cash flows from (used in) financing activities		230,773	(132,269)
Effect of exchange rate changes on cash		432	0
Changes in cash and cash equivalents		165,075	(157,055)
Cash and cash equivalents at beginning of period		472,061	513,568
Cash and cash equivalents at end of period		$ 637,136	$ 356,513

[1] For the three and six months ended June 30, 2015, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $0.3 million and $0.6 million, respectively. For the three and six months ended June 30, 2014, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $2.4 million and $7.6 million, respectively.