CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flow From Operating Activities:
Net income	$ 231	$ 7,152
Adjustments to reconcile net income applicable to common shares to net cash flow from operating activities:
Gain on sale of land	$ (4,126)	(594)
Gain on sale of income-producing properties		(13,057)
Depreciation and amortization	$ 9,751	9,061
Amortization of deferred borrowing costs	949	1,544
Losses (earnings) from unconsolidated joint ventures and investees	(43)	286
Decrease (increase) in assets:
Accrued interest receivable	185	7,281
Other assets	2,385	574
Prepaid expense	(8,687)	(1,182)
Escrow	(4,746)	8,910
Earnest money	(1,395)	(265)
Rent receivables	(883)	(397)
Related party receivables	(35,676)	(22,026)
Increase (decrease) in liabilities:
Accrued interest payable	327	104
Other liabilities	(3,358)	(13,082)
Net cash used in operating activities	(45,086)	$ (15,691)
Cash Flow From Investing Activities:
Proceeds from notes receivable	16,060
Origination or advances of notes receivable	$ (7,655)	$ (8,449)
Acquisition of land held for development		$ (93)
Acquisition of income producing properties	$ (105,729)
Proceeds from sale of income-producing properties		$ 41,428
Proceeds from sale of land	$ 8,618	2,221
Investment in unconsolidated real estate entities	3,176	(98)
Improvement of land held for development	(1,469)	(181)
Improvement of income-producing properties	(6,539)	(3,134)
Construction and development of new properties	(3,176)	(620)
Net cash provided by (used in) investing activities	(96,714)	31,074
Cash Flow From Financing Activities:
Proceeds from notes payable	198,770	59,487
Recurring amortization of principal on notes payable	(7,802)	(10,133)
Payments on maturing notes payable	(33,865)	(61,740)
Deferred financing costs	(7,941)	(5,135)
Contributions (distributions) non-controlling interests	$ 11	(15)
Preferred stock dividends - Series C		(106)
Preferred stock dividends - Series D	$ (446)	(445)
Net cash provided by (used in) financing activities	148,727	(18,087)
Net increase (decrease) in cash and cash equivalents	6,927	(2,704)
Cash and cash equivalents, beginning of period	12,201	16,086
Cash and cash equivalents, end of period	19,128	13,382
Supplemental disclosures of cash flow information:
Cash paid for interest	$ 16,748	$ 15,153