RESTATEMENT (Restatement - Balance Sheet) (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 15,372,000	$ 11,899,000	$ 9,918,000	$ 12,803,000
Receivables from managed entities and related parties, net	29,929,000	30,618,000
Investments in real estate, net	17,103,000	18,041,000
Investment securities, at fair value	9,821,000	10,576,000
Investments in unconsolidated entities	13,395,000	13,156,000
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Total assets of consolidated VIE - RSO	2,366,853,000	2,476,557,000
Total assets	2,528,778,000	2,636,764,000	2,449,768,000
Liabilities:
Payables to managed entities and related parties	3,040,000	3,536,000
Borrowings	20,746,000
Liabilities of consolidated VIE - RSO (see Note 18):
Total liabilities of consolidated VIE - RSO	1,708,504,000	1,856,839,000
Total liabilities	1,750,940,000	1,902,974,000
Commitments and contingencies
Equity:
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0	0
Common stock, $.01 par value, 49,000,000 shares authorized; 30,082,416 and 30,069,822 shares issued (including nonvested restricted stock of 437,661 and 604,353), respectively	296,000	295,000
Additional paid-in capital	286,340,000	286,048,000
Accumulated deficit	(29,580,000)	(29,486,000)
Treasury stock, at cost; 9,915,167 and 9,914,090 shares, respectively	(103,446,000)	(103,472,000)
Accumulated other comprehensive loss	(2,325,000)	(2,197,000)
Total stockholders’ equity	151,285,000	151,188,000
Total equity	777,838,000	733,790,000
Liabilities and equity	2,528,778,000	2,636,764,000
As Previously Reported
ASSETS
Cash and cash equivalents	15,372,000	11,899,000	9,918,000	12,803,000
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Total assets	189,527,000
Liabilities of consolidated VIE - RSO (see Note 18):
Total liabilities	44,127,000
Commitments and contingencies
Equity:
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0
Common stock, $.01 par value, 49,000,000 shares authorized; 30,082,416 and 30,069,822 shares issued (including nonvested restricted stock of 437,661 and 604,353), respectively	296,000
Additional paid-in capital	286,340,000
Accumulated deficit	(26,983,000)
Treasury stock, at cost; 9,915,167 and 9,914,090 shares, respectively	(103,446,000)
Accumulated other comprehensive loss	(11,044,000)
Total stockholders’ equity	145,163,000
Total equity	145,400,000
Liabilities and equity	189,527,000
Restatement Adjustments - RSO [Member]
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Total assets of consolidated VIE - RSO	2,368,563,000
Total assets	2,368,563,000
Liabilities of consolidated VIE - RSO (see Note 18):
Total liabilities of consolidated VIE - RSO	1,710,815,000
Total liabilities	1,710,815,000
Equity:
Total equity	657,748,000
Liabilities and equity	2,368,563,000
Restatement Adjustments - Intercompany Elimination [Member]
ASSETS
Cash and cash equivalents	0	0	0	0
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Total assets of consolidated VIE - RSO	(1,694,000)
Total assets	(29,312,000)
Liabilities of consolidated VIE - RSO (see Note 18):
Total liabilities of consolidated VIE - RSO	(2,311,000)
Total liabilities	(4,002,000)
Equity:
Accumulated deficit	(2,597,000)
Accumulated other comprehensive loss	8,719,000
Total stockholders’ equity	6,122,000
Total equity	(25,310,000)
Liabilities and equity	(29,312,000)
Consolidated Entity Excluding RSO [Member]
ASSETS
Cash and cash equivalents	15,372,000	11,899,000
Restricted cash	544,000	638,000
Receivables	403,000	468,000
Receivables from managed entities and related parties, net	29,929,000	30,618,000
Investments in real estate, net	17,103,000	18,041,000
Investment securities, at fair value	9,821,000	10,576,000
Investments in unconsolidated loan manager	37,803,000	37,221,000
Investments in unconsolidated entities	13,395,000	13,156,000
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Property and equipment, net	2,446,000	2,590,000
Deferred tax assets, net	28,542,000	28,274,000
Other assets	6,567,000	6,726,000
Liabilities:
Accrued expenses and other liabilities	18,650,000	21,559,000
Payables to managed entities and related parties	3,040,000	3,536,000
Borrowings	20,746,000	21,040,000
Equity:
Accumulated other comprehensive loss	(2,325,000)	(2,197,000)
Noncontrolling interests	237,000	279,000
Consolidated Entity Excluding RSO [Member] | As Previously Reported
ASSETS
Cash and cash equivalents	15,372,000	11,899,000	9,918,000	12,803,000
Restricted cash	544,000
Receivables	403,000
Receivables from managed entities and related parties, net	32,328,000
Investments in real estate, net	17,103,000
Investment securities, at fair value	28,207,000
Investments in unconsolidated loan manager	37,803,000
Investments in unconsolidated entities	13,395,000
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Property and equipment, net	2,446,000
Deferred tax assets, net	35,359,000
Other assets	6,567,000
Liabilities:
Accrued expenses and other liabilities	18,651,000
Payables to managed entities and related parties	3,160,000
Borrowings	22,316,000
Equity:
Noncontrolling interests	237,000
Consolidated Entity Excluding RSO [Member] | Restatement Adjustments - Intercompany Elimination [Member]
ASSETS
Receivables from managed entities and related parties, net	(2,399,000)
Investment securities, at fair value	(18,386,000)
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Deferred tax assets, net	(6,817,000)
Liabilities:
Accrued expenses and other liabilities	(1,000)
Payables to managed entities and related parties	(120,000)
Borrowings	(1,570,000)
VIE - RSO [Member]
ASSETS
Investment securities, at fair value	275,174,000	256,433,000
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Cash and cash equivalents (including restricted cash)	179,792,000	179,390,000
Loans	1,732,980,000	1,849,428,000
Investment in real estate and unconsolidated entities	123,453,000	120,706,000
Other assets	55,454,000	70,600,000
Liabilities of consolidated VIE - RSO (see Note 18):
Borrowings	1,649,840,000	1,785,600,000
Other liabilities	58,664,000	71,239,000
Equity:
Noncontrolling interests	626,316,000	582,323,000
VIE - RSO [Member] | Restatement Adjustments - RSO [Member]
ASSETS
Cash and cash equivalents	0	0	0	0
Investment securities, at fair value	275,174,000
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Cash and cash equivalents (including restricted cash)	179,792,000
Loans	1,734,550,000
Investment in real estate and unconsolidated entities	123,561,000
Other assets	55,486,000
Liabilities of consolidated VIE - RSO (see Note 18):
Borrowings	1,649,840,000
Other liabilities	60,975,000
Equity:
Noncontrolling interests	657,748,000
VIE - RSO [Member] | Restatement Adjustments - Intercompany Elimination [Member]
Assets of consolidated variable interest entity (VIE) - RSO (see Note 18):
Loans	(1,570,000)
Investment in real estate and unconsolidated entities	(108,000)
Other assets	(32,000)
Liabilities of consolidated VIE - RSO (see Note 18):
Other liabilities	(2,311,000)
Equity:
Noncontrolling interests	$ (31,432,000)