Investments in Unconsolidated Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments in Unconsolidated Subsidiaries

Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting and include the following (dollars in thousands):

	December 31,
	2015		2014
Development Services	$	115,326	$	107,188
Global Investment Management		84,534		87,352
Other		18,083		23,740
	$	217,943	$	218,280

Schedule of Condensed Financial Information of Equity Method Investments

Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands):

Condensed Balance Sheets Information:

	December 31,
	2015		2014
Global Investment Management:
Current assets	$	922,015	$	1,577,549
Non-current assets		7,362,818		10,989,168
Total assets	$	8,284,833	$	12,566,717
Current liabilities	$	239,077	$	1,372,002
Non-current liabilities		3,540,059		3,971,690
Total liabilities	$	3,779,136	$	5,343,692
Development Services:
Real estate	$	2,184,509	$	1,692,769
Other assets		173,808		130,469
Total assets	$	2,358,317	$	1,823,238
Notes payable on real estate	$	809,163	$	539,186
Other liabilities		266,735		220,864
Total liabilities	$	1,075,898	$	760,050
Other:
Current assets	$	58,160	$	69,010
Non-current assets		24,730		29,763
Total assets	$	82,890	$	98,773
Current liabilities	$	39,940	$	35,414
Non-current liabilities		3,350		14,075
Total liabilities	$	43,290	$	49,489
Non-controlling interests	$	1,238	$	(7	)
Total:
Assets	$	10,726,040	$	14,488,728
Liabilities	$	4,898,324	$	6,153,231
Non-controlling interests	$	1,238	$	(7	)

Condensed Statements of Operations Information:

	Year Ended December 31,
	2015			2014			2013
Global Investment Management:
Revenue	$	585,495		$	894,725		$	874,875
Operating loss	$	(414,538	)	$	(307,133	)	$	(241,829	)
Net loss	$	(481,405	)	$	(320,206	)	$	(26,075	)
Development Services:
Revenue	$	62,191		$	39,753		$	70,343
Operating income	$	251,557		$	63,181		$	130,873
Net income	$	240,034		$	54,468		$	129,563
Other:
Revenue	$	169,078		$	165,196		$	160,858
Operating income	$	30,566		$	31,085		$	28,352
Net income	$	31,050		$	31,532		$	28,422
Total:
Revenue	$	816,764		$	1,099,674		$	1,106,076
Operating loss	$	(132,415	)	$	(212,867	)	$	(82,604	)
Net (loss) income	$	(210,321	)	$	(234,206	)	$	131,910