CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Investment in real estate, net	$ 313,599	$ 321,812
Cash and cash equivalents	212,773	34,515
Investments	191,240	636,878
Restricted investments	7,072	7,940
Notes receivable, net	2,555	24,270
Pledged treasury securities	0	25,670
Property and equipment, net of accumulated depreciation of $57.1 million and $60.3 million at December 31, 2015 and 2014, respectively	10,145	10,203
Other assets	38,644	31,990
Investments held by special purpose entities	208,785	209,857
Total assets	984,813	1,303,135
LIABILITIES:
Debt	55,194	63,804
Accounts payable	6,159	12,554
Accrued liabilities and deferred credits	35,721	34,911
Deferred tax liabilities	36,847	34,824
Senior Notes held by special purpose entity	177,445	177,341
Total liabilities	311,366	323,434
EQUITY:
Common stock, no par value; 180,000,000 shares authorized; 92,332,565 and 92,322,905 issued at December 31, 2015 and 2014, respectively; 75,329,557 and 92,302,636 outstanding at December 31, 2015 and 2014, respectively	892,387	892,237
Retained earnings	78,851	80,582
Accumulated other comprehensive loss	(686)	(1,325)
Treasury stock at cost, 17,003,008 and 20,269 shares held at December 31, 2015 and 2014, respectively	(305,289)	(285)
Total stockholders’ equity	665,263	971,209
Non-controlling interest	8,184	8,492
Total equity	673,447	979,701
Total liabilities and equity	984,813	1,303,135
Variable Interest Entities
ASSETS
Investment in real estate, net	46,156	43,709
Cash and cash equivalents	4,067	3,455
Other assets	14,924	8,781
Investments held by special purpose entities	208,785	209,857
Total assets	273,932	265,802
LIABILITIES:
Debt	48,200	31,618
Accounts payable	177	1,511
Accrued liabilities and deferred credits	4,239	4,142
Senior Notes held by special purpose entity	177,445	177,341
Total liabilities	$ 230,061	$ 214,612