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VARIABLE INTEREST ENTITIES RSO Income Statement (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES:        
Interest expense $ 501,000 $ 578,000 $ 995,000 $ 1,223,000
Equity in losses of unconsolidated subsidiaries (117,000) 273,000 1,144,000 (56,000)
Revenues 33,485,000 35,811,000 76,812,000 75,807,000
OPERATING EXPENSES        
General and administrative 2,149,000 2,567,000 4,302,000 5,034,000
Depreciation and amortization 489,000 528,000 905,000 1,063,000
Income tax (benefit) provision 226,000 18,665,000 1,842,000 20,341,000
Expenses from consolidated VIE - RSO 23,361,000 30,001,000 51,815,000 56,519,000
OPERATING INCOME 10,124,000 5,810,000 24,997,000 19,288,000
OTHER REVENUE (EXPENSE)        
Other income, net 114,000 5,350,000 334,000 5,508,000
Net income attributable to common shareholders 1,113,000 30,211,000 1,609,000 27,829,000
Resource Capital Corp [Member]
       
REVENUES:        
Loans 26,184,000 23,012,000 53,996,000 46,627,000
Securities 3,896,000 3,551,000 7,538,000 6,956,000
Interest income − other 635,000 3,157,000 2,501,000 5,986,000
Total interest income 30,715,000 29,720,000 64,035,000 59,569,000
Interest expense 11,134,000 8,869,000 22,299,000 17,252,000
Net interest income 19,581,000 20,851,000 41,736,000 42,317,000
Rental income 5,052,000 2,034,000 11,226,000 3,953,000
Dividend income 17,000 17,000 33,000 34,000
Equity in losses of unconsolidated subsidiaries 72,000 (1,761,000) (353,000) (690,000)
Fee income 1,527,000 2,141,000 2,937,000 3,751,000
Net realized and unrealized gain on sales of investment securities available-for-sale and loans 2,394,000 1,422,000 2,785,000 1,802,000
Net realized and unrealized (loss) gain on investment securities, trading (1,751,000) 1,424,000 (635,000) 3,568,000
Unrealized gain (loss) and net interest income on linked transactions, net (5,245,000) 134,000 (5,504,000) 253,000
Revenues 21,647,000 26,262,000 52,225,000 54,988,000
OPERATING EXPENSES        
Management fees − related party 2,915,000 4,548,000 5,893,000 7,991,000
Equity compensation − related party 2,155,000 1,140,000 5,746,000 2,008,000
Professional services 903,000 617,000 2,349,000 1,717,000
Insurance 212,000 159,000 374,000 317,000
Rental operating expense 3,624,000 1,309,000 7,561,000 2,629,000
General and administrative 1,267,000 1,470,000 3,140,000 2,533,000
Depreciation and amortization 999,000 1,364,000 2,137,000 2,725,000
Income tax (benefit) provision 1,737,000 384,000 3,499,000 2,999,000
Expenses from consolidated VIE - RSO 11,368,000 14,892,000 27,556,000 26,522,000
OPERATING INCOME 10,279,000 11,370,000 24,669,000 28,466,000
Net impairment losses recognized in earnings 535,000 32,000 556,000 171,000
Provision for loan losses (1,242,000) 4,253,000 (200,000) 6,431,000
Total operating expenses 13,105,000 15,276,000 31,055,000 29,521,000
OTHER REVENUE (EXPENSE)        
Gain on the extinguishment of debt 0 5,464,000 0 5,464,000
Gain on sale of real estate 0 0 0 0
Other income, net 0 5,464,000 0 5,464,000
Income from continuing operations 10,279,000 16,834,000 24,669,000 33,930,000
Net income attributable to common shareholders 8,542,000 16,450,000 21,170,000 30,931,000
Net income allocated to preferred shares (1,800,000) (25,000) (3,111,000) (25,000)
NET INCOME ALLOCABLE TO RSO COMMON SHARES $ 6,742,000 $ 16,425,000 $ 18,059,000 $ 30,906,000