Consolidated Statements of Cash Flows - USD ($)	7 Months Ended	12 Months Ended
	Jul. 31, 2014	Dec. 31, 2013
Cash flows from operating activities
Net income	$ 8,663,000	$ 24,488,000
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	15,451,000
Amortization of lease intangibles	6,462,000	8,550,000
Straight-line rental income	1,121,000	669,000
Loan discount accretion	(2,086,000)	(4,121,000)
Discount accretion received in cash	5,865,000	37,000
Earnings of preferred equity investments	(582,000)	(613,000)
Distributions of income from preferred equity investments	565,000	607,000
Income of equity investments	(12,622,000)	(22,641,000)
Distributions of income from equity investments	8,755,000	24,112,000
Restricted cash held in escrows	(27,000)	1,242,000
Gain on sale of securities carried at fair value	(2,000)	(742,000)
Unrealized loss on securities carried at fair value		142,000
Gain on sale of real estate investments	(11,073,000)	(11,005,000)
Unrealized gain on loan securities carried at fair value		(215,000)
Impairment loss on investments in real estate	9,287,000	2,904,000
Provision for loss on loans receivable	0	348,000
Tenant leasing costs	(1,046,000)	(4,229,000)
Equity compensation expenses	1,450,000	897,000
Bad debt expense (recovery)	(229,000)	40,000
Changes in assets and liabilities:
Interest receivable	(64,000)	(214,000)
Accounts receivable and other assets	665,000	(1,316,000)
Accounts payable, accrued liabilities and other liabilities	(8,234,000)	(4,123,000)
Net cash provided by operating activities	18,199,000	30,268,000
Cash flows from investing activities
Issuance and acquisition of loans receivable	(31,492,000)	(21,437,000)
Investments in real estate	(5,575,000)	(257,142,000)
Investments in equity investments	(48,154,000)	(30,341,000)
Return of capital distribution from equity investments	705,000	14,618,000
Return of capital distribution from preferred equity investments	643,000	5,771,000
Return of capital distribution from securities carried at fair value		376,000
Purchase of securities carried at fair value	(73,000)
Proceeds from sale of investments in real estate	56,423,000	38,690,000
Proceeds from sale of equity investments	200,000	26,000
Proceeds from sale of securities carried at fair value	75,000	19,918,000
Proceeds from sale of loans receivable	37,052,000	19,319,000
Restricted cash held in escrows	2,127,000	863,000
Issuance of secured financing receivable		(30,000,000)
Collection of loans receivable	7,784,000	56,088,000
Deposits on assets held for sale		500,000
Cash from consolidation of properties	332,000	473,000
Net cash provided by (used in) investing activities	20,047,000	(182,278,000)
Cash flows from financing activities
Proceeds from mortgage loans payable		198,100,000
Principal payments of mortgage loans payable	(5,412,000)	(22,287,000)
Repurchase of senior notes payable	(11,178,000)
Payment of secured financing		(23,770,000)
Restricted cash held in escrows	(239,000)	(228,000)
Deferred financing costs	(68,000)	(796,000)
Purchase of non-controlling interests		(150,000)
Contribution from non-controlling interests	873,000	18,629,000
Distribution to non-controlling interests	(711,000)	(51,000)
Plan	178,000	464,000
Proceeds from issuance of Common Shares through offering, net		30,021,000
Dividend paid on Common Shares	(17,461,000)	(21,919,000)
Dividend paid on Series D Preferred Shares	(5,573,000)	(11,146,000)
Dividend paid on Restricted Shares	(71,000)	(27,000)
Net cash (used in) provided by financing activities	(39,662,000)	166,840,000
Net increase (decrease) in cash and cash equivalents	(1,416,000)	14,830,000
Cash and cash equivalents at beginning of year	112,512,000	97,682,000
Cash and cash equivalents at end of year	111,096,000	112,512,000
Supplemental Disclosure of Cash Flow Information
Interest paid	15,280,000	23,735,000
Capitalized interest	2,457,000	1,443,000
Taxes paid	147,000	247,000
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Dividends accrued on Common Shares and Restricted Shares	401,000	6,099,000
Dividends accrued on Series D Preferred Shares	929,000
Capital expenditures accrued	1,736,000	3,140,000
Conveyance of secured financing in settlement of loans receivable	(29,150,000)
Assumption of mortgage loan on investment in real estate		9,248,000
Forgiveness of loan receivable	190,000
Distribution from WRT - One South State Lender LP		(2,083,000)
Fair value of assets acquired	69,140,000	62,208,000
Fair value of liabilities assumed	52,687,000	62,198,000
Transfer to loans receivable		(877,000)
WRT-Elad One South State Equity LP [Member]
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Contribution to equity investees		$ 2,083,000
Vintage Housing Holdings, LLC [Member]
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Contribution to equity investees	$ 450,000