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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flow From Operating Activities:    
Net income (loss) $ 9,144 $ (1,671)
Adjustments to reconcile net loss applicable to common shares to net cash used in operating activities:    
Gain (loss) on sale of land 48 (5,160)
Gain on sale of income-producing properties (24,265) (5,091)
Depreciation and Amortization. 10,761 11,236
Provision on impairment of notes receivable and real estate asset 0 0
Amortization of deferred borrowing costs 3,383 2,864
(Earnings) losses from unconsolidated subsidiaries and investees (23) 8
(Increase) decrease in assets:    
Accrued interest receivable 296 (6,370)
Other Assets 0 0
Prepaid expense (1,008) 5
Escrow 10,227 3,991
Earnest money 525 235
Rent receivables 2,924 (504)
Related party receivables. (7,125) 0
Increase (decrease) in liabilities:    
Accrued interest payable (2,186) (6,790)
Related party-payables (10,057) 18,811
Other liabilities (8,081) (22,223)
Net cash used in operating activities (15,437) (10,659)
Cash Flow From Investing Activities:    
Proceeds from notes receivable 0 11,993
Originations or advances on notes receivable (343) (6,000)
Acquisition of land held for development (7) (18,948)
Acquisition of income-producing properties 0 0
Proceeds from sale of income-producing properties 75,874 37,038
Proceeds from sale of land 2,537 20,667
Proceeds from sale of investment in unconsolidated real estate entities 0 0
Proceeds from sale of investments 0 132
Investment in unconsolidated real estate entities (278) 585
Improvement of land held for development (290) (164)
Improvement of income-producing properties (3,333) (725)
Acquisition of non-controlling interest   (69)
Sales of controlling interest 54 113
Construction and development of new properties (179) (4,185)
Net cash provided by investing activities 74,035 40,437
Cash Flow From Financing Activities:    
Proceeds from notes payable 136,172 138,675
Recurring amortization of principal on notes payable (7,504) (14,381)
Payments on maturing notes payable (193,031) (153,164)
Deferred financing costs (1,296) (2,815)
Contributions (distributions) to non-controlling interests (14) (8)
Common stock issuance 0 0
Preferred stock dividends - Series C (105) (106)
Preferred stock dividends - Series D (446) (448)
Net cash used in financing activities (66,224) (32,247)
Net decrease in cash and cash equivalents (7,626) (2,469)
Cash and cash equivalents, beginning of period 16,620 19,991
Cash and cash equivalents, end of period 8,994 17,522
Supplemental disclosures of cash flow information:    
Cash paid for interest 20,125 23,076
Schedule of noncash investing and financing activities:    
Notes receivable received from related party 0 6,000
Related party payable/receivable for ARL cost basis sales adjustment 0 10,445
Acquisition of land for ARL cost basis sales adjustment $ 0 $ (10,445)