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CONSOLIDATING FINANCIAL INFORMATION (Consolidated Statement of Income) (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Revenues $ 43,025,000 $ 47,889,000 $ 119,837,000 $ 123,696,000
COSTS AND EXPENSES:        
General and administrative 2,505,000 2,530,000 6,807,000 7,564,000
Provision for credit losses 1,808,000 6,336,000 3,793,000 14,996,000
Depreciation and amortization 413,000 529,000 1,318,000 1,592,000
Costs and expenses 30,219,000 31,651,000 82,034,000 88,170,000
OPERATING INCOME 12,806,000 16,238,000 37,803,000 35,526,000
OTHER INCOME (EXPENSE):        
Other-than-temporary impairment on investments     (214,000) (74,000)
Interest Expense (530,000) (544,000) (1,525,000) (1,767,000)
Other income, net 16,897,000 63,000 17,231,000 5,571,000
Other income (expense), net 16,367,000 (621,000) 15,492,000 58,272,000
Income from continuing operations before taxes 29,173,000 15,617,000 53,295,000 93,798,000
Income tax provision (benefit)   (5,000) (396,000) 20,336,000
Income from continuing operations 27,190,000 15,622,000 49,470,000 73,462,000
Loss from discontinued operations, net of tax 0 (8,000) (2,000) (38,000)
Net income 27,190,000 15,614,000 49,468,000 73,424,000
Net income (loss) attributable to common shareholders 3,442,000 (2,267,000) 5,051,000 25,562,000
Intersegment Eliminations [Member]
       
REVENUES:        
Revenues (5,183,000) (4,988,000) (10,608,000) (12,733,000)
COSTS AND EXPENSES:        
Costs and expenses (4,861,000) (4,950,000) (10,178,000) (12,589,000)
OTHER INCOME (EXPENSE):        
Other income (expense), net 162,000 34,000 224,000 101,000
Consolidated Entity Excluding RSO [Member]
       
REVENUES:        
Real estate 15,950,000 11,292,000 39,443,000 31,929,000
Financial fund management 8,502,000 6,083,000 15,234,000 15,378,000
Commercial Finance Revenue (30,000) (167,000) (243,000) (1,535,000)
Revenues 24,422,000 17,208,000 54,434,000 45,772,000
COSTS AND EXPENSES:        
Real estate 11,178,000 7,684,000 29,514,000 22,477,000
Cost Of Financial Fund Management 3,547,000 3,909,000 7,769,000 11,282,000
Cost Of Commercial Finance 75,000 103,000 (99,000) 451,000
General and administrative 2,505,000 2,530,000 6,807,000 7,564,000
Provision for credit losses 1,808,000 6,336,000 3,793,000 14,996,000
Depreciation and amortization 413,000 529,000 1,318,000 1,592,000
Costs and expenses 19,526,000 23,371,000 49,102,000 61,007,000
OTHER INCOME (EXPENSE):        
Other-than-temporary impairment on investments 0 0 (214,000) (74,000)
Interest Expense (530,000) (544,000) (1,525,000) (1,767,000)
Other income, net 128,000 29,000 400,000 6,000
Other income (expense), net (402,000) (655,000) (1,339,000) 52,707,000
Income tax provision (benefit) 1,261,000 (3,984,000) (396,000) 13,358,000
Loss from discontinued operations, net of tax     (2,000) (38,000)
Net income     49,468,000 73,424,000
Net income attributable to noncontrolling interests (40,000) 36,000 (23,000) 30,000
Consolidated Entity Excluding RSO [Member] | Reportable Legal Entities [Member]
       
REVENUES:        
Real estate 15,950,000   39,443,000  
Financial fund management 8,502,000   15,234,000  
Commercial Finance Revenue (30,000)   (243,000)  
Revenues 24,422,000   54,434,000  
COSTS AND EXPENSES:        
Real estate 11,178,000   29,514,000  
Cost Of Financial Fund Management 3,547,000   7,769,000  
Cost Of Commercial Finance 75,000   (99,000)  
General and administrative 2,505,000   6,807,000  
Provision for credit losses 1,808,000   3,793,000  
Depreciation and amortization 413,000   1,318,000  
Costs and expenses 19,526,000   49,102,000  
OPERATING INCOME 4,896,000   5,332,000  
OTHER INCOME (EXPENSE):        
Other-than-temporary impairment on investments     (214,000)  
Interest Expense (530,000)      
Other income, net 684,000   2,069,000  
Other income (expense), net 154,000   330,000  
Income from continuing operations before taxes 5,050,000   5,662,000  
Income tax provision (benefit) 1,261,000      
Income from continuing operations     6,058,000  
Loss from discontinued operations, net of tax     (2,000)  
Net income 3,789,000   6,056,000  
Net income attributable to noncontrolling interests (40,000)   (23,000)  
Net income (loss) attributable to common shareholders 3,749,000   6,033,000  
VIE - RSO [Member]
       
REVENUES:        
Real estate 4,701,000 2,446,000 9,794,000 9,169,000
Financial fund management 450,000 2,508,000 720,000 4,902,000
Revenues 23,786,000 35,669,000 76,011,000 90,657,000
COSTS AND EXPENSES:        
Expense from consolidated VIE - RSO 15,554,000 13,230,000 43,110,000 39,752,000
OTHER INCOME (EXPENSE):        
Other income (expense), net 16,607,000 0 16,607,000 5,464,000
Income tax provision (benefit) 722,000 3,979,000 4,221,000 6,978,000
Net income attributable to noncontrolling interests (23,708,000) (17,917,000) (44,394,000) (47,892,000)
VIE - RSO [Member] | Reportable Legal Entities [Member]
       
REVENUES:        
Revenues 23,786,000   76,011,000  
COSTS AND EXPENSES:        
Expense from consolidated VIE - RSO 16,276,000   47,331,000  
Costs and expenses 16,276,000   47,331,000  
OPERATING INCOME 7,510,000   28,680,000  
OTHER INCOME (EXPENSE):        
Other income (expense), net 16,607,000   16,607,000  
Income from continuing operations before taxes 24,117,000   45,287,000  
Income from continuing operations     45,287,000  
Loss from discontinued operations, net of tax     0  
Net income 24,117,000   45,287,000  
Net income attributable to noncontrolling interests (1,996,000)   (5,107,000)  
Net income (loss) attributable to common shareholders 22,121,000   40,180,000  
Consolidation, Eliminations [Member]
       
REVENUES:        
Revenues (5,183,000)   (10,608,000)  
COSTS AND EXPENSES:        
Costs and expenses (5,583,000)   (14,399,000)  
OPERATING INCOME 400,000   3,791,000  
OTHER INCOME (EXPENSE):        
Other income (expense), net (394,000)   (1,445,000)  
Income from continuing operations before taxes 6,000   2,346,000  
Income from continuing operations     (1,875,000)  
Loss from discontinued operations, net of tax     0  
Net income (716,000)   (1,875,000)  
Net income (loss) attributable to common shareholders (22,428,000)   (41,162,000)  
Consolidation, Eliminations [Member] | Intersegment Eliminations [Member]
       
REVENUES:        
Revenues (5,183,000)   (10,608,000)  
COSTS AND EXPENSES:        
Costs and expenses (4,861,000)   (10,178,000)  
OTHER INCOME (EXPENSE):        
Other income (expense), net 162,000   224,000  
Consolidation, Eliminations [Member] | Consolidated Entity Excluding RSO [Member]
       
OTHER INCOME (EXPENSE):        
Other income, net (556,000)   (1,669,000)  
Consolidation, Eliminations [Member] | VIE - RSO [Member]
       
COSTS AND EXPENSES:        
Expense from consolidated VIE - RSO (722,000)   (4,221,000)  
OTHER INCOME (EXPENSE):        
Income tax provision (benefit) 722,000   4,221,000  
Net income attributable to noncontrolling interests $ (21,712,000)   $ (39,287,000)