CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flow From Operating Activities:
Net income (loss)	$ (7,504)	$ 41,977	$ 59,509
Adjustments to reconcile net income (loss) applicable to common shares to net cash used in operating activities:
(Gain) loss on sale of land	(18,911)	(561)	1,073
Gain on sale of income producing properties	(735)	(61,879)	(97,405)
Depreciation and amortization	21,299	18,150	21,404
Provision on impairment of notes receivable and real estate assets	5,300		11,320
Amortization of deferred borrowing costs	2,684	3,970	1,349
Earnings from unconsolidated subsidiaries and investees	(132)	298	142
(Increase) decrease in assets:
Accrued interest receivable	586	7,648	(8,432)
Other assets	4,204	2,784	(1,443)
Prepaid expense	(13,615)	(1,995)	(1,722)
Escrow	2,684	(16,733)	3,625
Earnest money	(905)	(420)	(310)
Rent receivables	2,104	(1,486)	2,445
Increase (decrease) in liabilities:
Accrued interest payable	(710)	104	(5,262)
Related party payables	(40,153)	(6,024)	(62,437)
Other liabilities	(7,115)	(15,215)	9,449
Net cash used in operating activities	(50,919)	(29,382)	$ (66,695)
Cash Flow From Investing Activities:
Proceeds from notes receivables	10,669	12,504
Originations of notes receivables	$ (18,055)	(35,430)	$ (458)
Acquisition of land held for development		(2,604)	$ (83)
Acquisition of income producing properties	$ (207,313)	(78,557)
Proceeds from sales of income producing properties		135,074	$ 261,495
Proceeds from sale of land	107,299	8,777	13,671
Investment in unconsolidated real estate entities	(596)	(144)	3,600
Improvement of land held for development	(6,158)	(3,137)	(399)
Improvement of income producing properties	(8,952)	(4,563)	(7,681)
Sale of controlling interest			56
Construction and development of new properties	(16,717)	(3,016)	(1,152)
Net cash provided by (used in) investing activities	(139,823)	28,904	269,049
Cash Flow From Financing Activities:
Proceeds from notes payable	403,309	178,514	202,535
Recurring amortization of principal on notes payable	(15,545)	(21,352)	(15,761)
Payments on maturing notes payable	(186,128)	(153,595)	(386,710)
Deferred financing costs	(7,035)	(6,875)	1,791
Distributions to non-controlling interests	11	(31)	(14)
Common stock issuance		937
Preferred stock dividends - Series C		(106)	(210)
Preferred stock dividends - Series D	(900)	(899)	(900)
Net cash provided by (used in) financing activities	193,712	(3,407)	(199,269)
Net increase (decrease) in cash and cash equivalents	2,970	(3,885)	3,085
Cash and cash equivalents, beginning of period	12,201	16,086	13,001
Cash and cash equivalents, end of period	15,171	12,201	16,086
Supplemental disclosures of cash flow information:
Cash paid for interest	$ 38,787	$ 30,110	$ 37,776