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Debt Obligations, net (Encumbered/Unencumbered Assets) (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Real estate, net $ 1,435,920 $ 1,593,983
Real estate available and held for sale 126,070 137,274
Land and development, net 1,046,013 1,001,963
Loans receivable and other lending investments, net 1,568,439 1,601,985
Other investments 228,756 254,172
Cash and other assets 804,199 1,008,415
Total assets 5,209,397 5,597,792
Loans receivable, net 1,508,503 1,539,696
Loan Participations Payable    
Debt Instrument [Line Items]    
Loans receivable, net 186,600 153,000
Encumbered Assets    
Debt Instrument [Line Items]    
Real estate, net 903,185 816,721
Real estate available and held for sale 0 10,593
Land and development, net 22,364 17,714
Loans receivable and other lending investments, net 169,117 170,162
Other investments 0 22,352
Cash and other assets 0 0
Total assets 1,094,666 1,037,542
Unencumbered Assets    
Debt Instrument [Line Items]    
Real estate, net 532,735 777,262
Real estate available and held for sale 126,070 126,681
Land and development, net 1,023,649 984,249
Loans receivable and other lending investments, net 1,249,698 1,314,823
Other investments 228,756 231,820
Cash and other assets 804,199 1,008,415
Total assets 3,965,107 4,443,250
Collectively Evaluated for Impairment    
Debt Instrument [Line Items]    
General reserves for loan losses $ 37,000 $ 36,000