Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities
Net income	$ 31,429	$ 26,284
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	10,355	8,552
Amortization of lease intangibles	5,901	5,028
Straight-line rental income	(3,584)	(2,662)
Loan discount accretion	(2,283)	(5,984)
Discount accretion received in cash	37	14,065
Income from preferred equity investments	(576)
Distributions of income from preferred equity investments	123	97
Income of equity investments	(26,249)	(14,051)
Distributions of income from equity investments	19,354	17,097
Restricted cash held in escrows	1,763	(4,063)
Loss (gain) on sale of securities carried at fair value	133	(41)
Unrealized loss (gain) on securities carried at fair value	142	(7,254)
Unrealized gain on loan securities carried at fair value	(215)	(447)
Impairment loss on investment in real estate	2,904	698
Tenant leasing costs	(3,365)	(3,211)
Gain on sale of real estate investments	(10,948)	(945)
Equity compensation expenses	557
Bad debt expense (recovery)	104	(116)
Changes in assets and liabilities:
Interest receivable	58	(293)
Accounts receivable and other assets	450	533
Accounts payable, accrued liabilities and other liabilities	(255)	4,425
Net cash provided by operating activities	25,835	37,712
Cash flows from investing activities
Investments in real estate	(6,289)	(29,975)
Investment in equity investments	(11,982)	(47,925)
Investment in preferred equity investments		(4,000)
Proceeds from sale of investments in real estate	36,217	7,024
Proceeds from sale of equity investments	26	2,297
Return of capital distribution from equity investments	14,649	83,736
Purchase of securities carried at fair value		(5,654)
Proceeds from sale of securities carried at fair value	12,345	4,614
Restricted cash held in escrows	(2,677)	(4,478)
Issuance and acquisition of loans receivable	(21,437)	(64,970)
Collection of loans receivable	47,597	37,126
Proceeds from sale of loans receivable	19,318
Cash from consolidation of properties	473
Issuance of secured financing receivable	(30,000)
Deposits on real estate	(25,606)
Net cash provided by (used in) investing activities	32,634	(22,205)
Cash flows from financing activities
Proceeds from mortgage loans payable	48,100	15,897
Principal payments of mortgage loans payable	(20,295)	(8,740)
Payment of secured financing	(23,770)
Proceeds from issuance of Series D Preferred Shares		77,572
Proceeds from issuance of Senior Notes Payable		86,250
Repayment of revolving line of credit		(40,000)
Restricted cash held in escrows	(2,921)	(2,818)
Deferred financing costs	(789)	(3,766)
Contribution from non-controlling interest	861	4,340
Distribution to non-controlling interest	(52)	(6,115)
Purchase of non-controlling interests	(150)	(400)
Issuance of Common Shares under Dividend Reinvestment Plan	353	397
Issuance of Common Shares through offering	29,960
Dividend paid on Common Shares	(16,102)	(16,113)
Dividend paid on Series D Preferred Shares	(5,574)	(3,712)
Dividend paid on Restricted Shares	(10)
Net cash provided by financing activities	9,611	102,792
Net increase in cash and cash equivalents	68,080	118,299
Cash and cash equivalents at beginning of period	97,682	40,952
Cash and cash equivalents at end of period	165,762	159,251
Supplemental Disclosure of Cash Flow Information
Interest paid	17,780	11,248
Capitalized interest	600
Taxes paid	201	317
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Dividends accrued on Common Shares	6,018	5,375
Dividends accrued on Series D Preferred Shares	2,786	2,786
Capital expenditures accrued	2,547	2,777
Transfer from loans receivable		(2,938)
Transfer from preferred equity		(3,923)
Transfer to equity investment		6,861
Transfer to loan receivable		6,550
Transfer from equity investment		(12,400)
Transfer to additional paid-in capital		5,487
Transfer to non-controlling interests		363
Contribution to WRT-Elad One South State Equity L.P.	$ 897