CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Investment in real estate, net	$ 316,853	$ 321,812
Cash and cash equivalents	337,972	34,515
Investments	375,517	636,878
Restricted investments	7,129	7,940
Notes receivable, net	3,125	24,270
Pledged treasury securities	25,360	25,670
Property and equipment, net of accumulated depreciation of $61.3 million and $60.3 million at June 30, 2015 and December 31, 2014, respectively	10,094	10,203
Other assets	33,951	31,990
Investments held by special purpose entities	209,459	209,857
Total assets	1,319,460	1,303,135
LIABILITIES:
Debt	68,277	63,804
Accounts payable	12,149	12,554
Accrued liabilities and deferred credits	44,813	34,911
Deferred tax liabilities	36,991	34,824
Senior Notes held by special purpose entity	177,392	177,341
Total liabilities	339,622	323,434
EQUITY:
Common stock, no par value; 180,000,000 shares authorized; 92,332,565 and 92,322,905 issued and 92,312,296 and 92,302,636 outstanding at June 30, 2015 and December 31, 2014, respectively	892,387	892,237
Retained earnings	78,621	80,582
Accumulated other comprehensive income (loss)	648	(1,325)
Treasury stock at cost, 20,269 held at June 30, 2015 and December 31, 2014	(285)	(285)
Total stockholders’ equity	971,371	971,209
Non-controlling interest	8,467	8,492
Total equity	979,838	979,701
Total liabilities and equity	1,319,460	1,303,135
Variable Interest Entities
ASSETS
Investment in real estate, net	45,452	43,709
Cash and cash equivalents	4,026	3,455
Other assets	10,086	8,781
Investments held by special purpose entities	209,459	209,857
Total assets	269,023	265,802
LIABILITIES:
Debt	36,125	31,618
Accounts payable	295	1,511
Accrued liabilities and deferred credits	4,305	4,142
Senior Notes held by special purpose entity	177,392	177,341
Total liabilities	$ 218,117	$ 214,612