Consolidated Statements of Cash Flows (USD $)	7 Months Ended	9 Months Ended
	Jul. 31, 2014	Sep. 30, 2013
Cash flows from operating activities
Net income	$ 8,663,000	$ 31,429,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs and fair value of debt)	11,331,000	10,355,000
Amortization of lease intangibles	6,462,000	5,901,000
Straight-line rental income	1,121,000	(3,584,000)
Loan discount accretion	(2,086,000)	(2,283,000)
Discount accretion received in cash	5,865,000	37,000
Earnings of preferred equity investments	(582,000)	(576,000)
Distributions of income from preferred equity investments	565,000	123,000
Income of equity investments	(12,622,000)	(26,249,000)
Distributions of income from equity investments	8,755,000	19,354,000
Restricted cash held in escrows	(27,000)	1,763,000
(Gain) loss on sale of securities carried at fair value	(2,000)	133,000
Unrealized loss on securities carried at fair value		142,000
Unrealized gain on loan securities carried at fair value		(215,000)
Gain on sale of real estate investments	(11,073,000)	(10,948,000)
Impairment loss on investments in real estate	9,287,000	2,904,000
Tenant leasing costs	(1,046,000)	(3,365,000)
Equity compensation expenses	1,450,000	557,000
Bad debt expense (recovery)	(229,000)	104,000
Changes in assets and liabilities:
Interest receivable	(64,000)	58,000
Accounts receivable and other assets	665,000	450,000
Accounts payable, accrued liabilities and other liabilities	(8,234,000)	(255,000)
Net cash provided by operating activities	18,199,000	25,835,000
Cash flows from investing activities
Issuance and acquisition of loans receivable	(31,492,000)	(21,437,000)
Investments in real estate	(5,575,000)	(6,289,000)
Investment in equity investments	(48,154,000)	(11,982,000)
Proceeds from sale of investments in real estate	56,423,000	36,217,000
Proceeds from sale of equity investments	200,000	26,000
Return of capital distribution from equity investments	705,000	14,649,000
Return of capital distribution from preferred equity investments	643,000
Purchase of securities carried at fair value	(73,000)
Proceeds from sale of securities carried at fair value	75,000	12,345,000
Restricted cash held in escrows	2,127,000	(2,677,000)
Collection of loans receivable	7,784,000	47,597,000
Proceeds from sale of loans receivable	37,052,000	19,318,000
Cash from consolidation of properties	332,000	473,000
Issuance of secured financing receivable	0	(30,000,000)
Deposits on real estate	0	(25,606,000)
Net cash provided by investing activities	20,047,000	32,634,000
Cash flows from financing activities
Proceeds from mortgage loans payable	0	48,100,000
Principal payments of mortgage loans payable	(5,412,000)	(20,295,000)
Payment of secured financing	0	(23,770,000)
Repurchase of senior notes payable	(11,178,000)
Restricted cash held in escrows	(239,000)	(2,921,000)
Deferred financing costs	(68,000)	(789,000)
Contribution from non-controlling interest	873,000	861,000
Distribution to non-controlling interest	(711,000)	(52,000)
Purchase of non-controlling interests	0	(150,000)
Proceeds from issuance of Common Shares under Dividend Reinvestment Plan	178,000	353,000
Proceeds from issuance of Common Shares through offering	0	29,960,000
Dividend paid on Common Shares	(17,461,000)	(16,102,000)
Dividend paid on Series D Preferred Shares	(5,573,000)	(5,574,000)
Dividend paid on Restricted Shares	(71,000)	(10,000)
Net cash (used in) provided by financing activities	(39,662,000)	9,611,000
Net (decrease) increase in cash and cash equivalents	(1,416,000)	68,080,000
Cash and cash equivalents at beginning of period	112,512,000	97,682,000
Cash and cash equivalents at end of period	111,096,000	165,762,000
Supplemental Disclosure of Cash Flow Information
Interest paid	15,280,000	17,780,000
Capitalized interest	2,457,000	600,000
Taxes paid	147,000	201,000
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Dividends accrued on Common Shares and Restricted Shares	401,000	6,018,000
Dividends accrued on Series D Preferred Shares	929,000	2,786,000
Capital expenditures accrued	1,736,000	2,547,000
Conveyance of secured financing in settlement of loans receivable	(29,150,000)
Forgiveness of loan receivable	190,000
Fair value of assets acquired	69,140,000	62,208,000
Fair value of liabilities assumed	52,687,000	62,198,000
WRT-Elad One South State Equity LP [Member]
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Contribution to equity investees	0	897,000
Vintage Housing Holdings, LLC [Member]
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Contribution to equity investees	$ 450,000