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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,767,000 $ 11,609,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 456,000 606,000
Provision for credit losses 338,000 2,962,000
Other-than-temporary impairment on investments 214,000 74,000
Unrealized gain on trading securities (745,000)  
Equity in earnings (losses) of unconsolidated entities (1,261,000) 329,000
Distributions from unconsolidated entities 716,000 858,000
Gain on sale of investment securities, net (517,000) (5,000)
Gain on sale of assets (1,606,000)  
Deferred income tax benefit (146,000) (1,323,000)
Equity-based compensation issued 293,000 319,000
Trading securities purchases and sales, net 2,831,000  
Loss from discontinued operations 2,000 16,000
Changes in operating assets and liabilities 4,171,000 (2,864,000)
Net cash provided by (used in) operating activities 45,146,000 (1,528,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (171,000) 11,000
Payments received on real estate loans and real estate 2,049,000  
Investments in real estate and unconsolidated real estate entities (509,000) (376,000)
Principal payments (paid) received on leases and loans (3,000) 6,000
Purchase of loans and investments (1,526,000) (136,000)
Proceeds from sale of loans and investments   70,000
Principal payments and proceeds from sales received by consolidated VIE - RSO 275,663,000  
(Increase) decrease in restricted cash 95,000 0
Net cash provided by investing activities 41,772,000 4,999,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in borrowings 2,000,000  
Principal payments on borrowings (2,111,000) (101,000)
Dividends paid (589,000) (566,000)
Repurchase of common stock (54,000) (16,000)
Other financing activities   (44,000)
Net cash used in financing activities (82,950,000) (6,162,000)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Operating activities (495,000) (194,000)
Net cash used in discontinued operations (495,000) (194,000)
Increase (decrease) in cash 3,473,000 (2,885,000)
Cash, beginning of year 11,899,000 12,803,000
Cash, end of period 15,372,000 9,918,000
Consolidated Entity Excluding RSO [Member]
   
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 456,000 606,000
Provision for credit losses 338,000 2,962,000
Other-than-temporary impairment on investments 214,000 74,000
Unrealized gain on trading securities (745,000) 0
Equity in earnings (losses) of unconsolidated entities (1,261,000) 329,000
Distributions from unconsolidated entities 716,000 858,000
Gain on sale of investment securities, net (517,000) (5,000)
Gain on sale of assets (1,606,000) 0
Deferred income tax benefit (146,000) (1,323,000)
Equity-based compensation issued 293,000 319,000
Trading securities purchases and sales, net 2,831,000 0
Loss from discontinued operations 2,000 16,000
Changes in operating assets and liabilities 4,171,000 (2,864,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (171,000) 11,000
Payments received on real estate loans and real estate 2,049,000 0
Investments in real estate and unconsolidated real estate entities (509,000) (376,000)
Principal payments (paid) received on leases and loans (3,000) 6,000
Purchase of loans and investments (1,526,000) (136,000)
Proceeds from sale of loans and investments 0 70,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in borrowings 2,000,000 0
Principal payments on borrowings (2,111,000) (101,000)
Dividends paid (589,000) (566,000)
Repurchase of common stock (54,000) (16,000)
Other financing activities 0 (44,000)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Cash, beginning of year 11,899,000  
Cash, end of period 15,372,000  
VIE - RSO [Member]
   
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Changes in cash attributable to operations of consolidated VIE- RSO 27,633,000 (14,109,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of loans and investments (209,991,000) (167,505,000)
Principal payments and proceeds from sales received by consolidated VIE - RSO 275,663,000 162,632,000
(Increase) decrease in restricted cash (19,241,000) 9,196,000
Other investing activity of consolidated VIE - RSO (4,499,000) 1,101,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid   (19,474,000)
Net proceeds from issuance of common stock by consolidated VIE - RSO 44,862,000 24,158,000
Other financing activities (2,535,000) (582,000)
Net repayments of debt by consolidated VIE - RSO (104,196,000) (9,537,000)
Dividends paid on common stock of consolidated VIE - RSO $ (20,422,000) $ (19,474,000)